Show GOLD STANDARD LAW The conference bill bi which passed pae both houses bUle of congress by bJ a vote which re recorded recorded corded core every ever Republican In its It favor favoran and an owe Its It enactment to western weste Re Ito Republican publican senators se representing frell freE I ver vcr constituencies as a 8 New York lork gold organ organ triumphantly exclaims was not nt critically reviewed by the chief ex executive executive Within live five minutes from the time it was presented by bY Representative Over of or Indiana Mi ir McKinley affixed his hie official signature thereto very ap appropriately appropriatelY appropriately with a gold pen pea provided for tor the occasion Mr McKinley knew that the bill bi suit suited suited ed Walt Val street and so s it had to suit him No Xo objection ton lie he e might have rais rals raised rs ed would have resulted rele in anything an ex cx except except possibly a 0 visit isit from front Senator Sentor Hanna Hann after the bill bi would have been signed sige anyhow A synopsis of the law as passed may maybe my maybe be of interest It I commits the country countr positively to the gold god od standard and redeems reee the pledges pledge of the Republican party By Byis it is Its passage the discretion now vested vete in inthe inthe inthe the secretary of the treasury of or redeem in in government obligations in silver if he lie should Mould so 9 elect wilt will be taken from that official and he will be firmly bound by vy law Jaw to redeem alt all al obligations with wih gold Kold Jold The a of the treasury is ic required to set Nt et apart as a reserve fund 11 in gold to be used use tor re redemption redemption purposes exclusively e and an notes redeemed e for gold are not nt to be reissued except for gold The secre secretary secre secretary secretary tary is authorized to sell sJ 3 per cent nt bonds whenever r necessary to maintain the he reserve rne and the money m ey so received is not n to t be used use to defray current curent ex exI I len ene B Provision is Ia i made for tor small na national n ton banks and for the refunding sale of 2 per cent gold bonds bond to o run for thirty years rs Simply as a concession to toa toa toa a few Republican n members member of congress from fro western constituencies a section sion I has hae been added adde providing that the act at shall not nt be construed to preclude prelude the c of international bimetal bimetallism li m whenever the nations of ot the te earth erth I to t it it Of or thi last section Representative the author of the tha bill bi ex ax t I afi a the tite te vote ote was wa taken that et ee ry principle contained in the house hous bill vi had hd been bean preserved in 1 the confer conference conferenCe ence report except th those tho relative to the th taxation taxa tn of Rational national bank franchises The Tiie establishment of or the gold gol standard into law was still sti its It and essential feature fetOr Representative Snodgrass of Penn Pennsylvania sylvania asked aske if under this bill bi private private vate ate obligations were made payable in ingold Ingold gold Mr r Ov r tret said sid that private obligations will wi partake of or the charac character char charter character ter of o the te public requirements in obil obligations Representative Williams of o Illinois asked uke if It there wa a anything a in the bill b l which might be b considered eO an en encouragement cour ment to t international bimetal bimetallism hem liem Mr Yr replied This bill bl holds h out ot not n the th slightest ho hope of international bimetallism under present conditions condition I say ear frankly that this tl bill will Mill wi make mke it practically aad ad absolutely im le ever to have have international bimetallism at the th rt ratio of 16 IS to L 1 The Te Literary Digest sums some Bm up the sen sentiment sentiment on both skies sides s as a follows Th The T paragraph ph in regard lr to Iten Itene dl si le Is referred e to by the gold 1 a as a sop to the This r wN work no DO ml says ys me I ac Philadelphia I Ledger Lg tad Ind I Hep Re be beHIM b because HIM cause IU there th te Is i no prospect pr whatever that tbt ue ie il loading commercial em c nations nation Jo will wl at sop imy 1 time tm agree to a 8 coming coining ratio ri for 6 ild and ad silver stiver Mr r Bryan Brjan Brao however hoe y of ot this section I Tre Tt fI action atin of ot the Republican I party sarty in anen the cur curr r ncy WU bIll b a a ae a test Mat M r 4 so 8 as a to revive rn le he promise of bimetallism a pom o o that t the te gold go standard Is La 10 oi Mt tJ and aa no n Republican R ed edor 0 or ur I K n that amendment except I iy y jj t that lt Jt ls Is I an ep l i 1 f throat h rat fraud upon un th the American Ame pee peo p Does Dosi D any MS silver sher men man m in Utah Uth or in Idaho believe that the best be way td ts perve erve them tham is Ss to sell sel them out that the th way to t help sliver silver is to betray it and to Iv affiliate with th the party of o gold |