Show HIWHEl I nilY MVNMNCtS 111 1OHl The Secretary of tho frcasurv in his report briefly but comprehensively outlines out-lines tho efforts on tho part of this cOlin try nnd somo of the European nations to oil Tectasettlement of tho silver jucstion IIpon in international basis Iho object on0ht was tho opening of tho mints of the Oovcrnments of the United States of mcrica and of tho leading European i Stntes t to tho free coinage of both gold and sill rinto I itnllttiiiil letnl tender money nt II ratio fixed In b ilntrccmcnt hrongh the elicits of our Government the Intrinitionul Monctar Confercnco of f 1878 wa held 1 ho British delegates to tliat conference insisting upon the preferences of their own nation for n ingle gold stand ud declared it impossl ble to establish tt fixed international ratio but oxpiessed a hopo that othor States would not follow inlands 1 ex mplo Jin 1881 Franco joimd this Government rnment m calling nnothei Monet Conference during that year There was 1 i growing desire to accomplish tho jbject > for wliuh tho hrst eonfciciuu ud been eillcd Again tho English I dclogites icfusod to co opciato in elleclmg the olject for which Ibo Jiifercneo was called and except that tho debates of the members iiclpcl to all va lice the growing feeling in favor of a double standard tho confer pure filled of pMcticil results In the meantime German following the lead of liquid bid resolved to establish u monct iry system like heis bho prccij i tiled u volume of silver com upon tho money markets of I uropc icducmg tho prilo of the white metal and torn luatmt the mono problem Hut a house divided against itself cannot can-not stand Iho provincial government India whoso loinmcicul interests and silver curienc had been sacrificed upon the gold lilt aI in lannir of the pre ent year tcUtraplicd to the homo govern mcnt is follows ettto of the opinion thai the inlercsls of British India nn peinlivel demand that n determlnci elloi I should ho m ulo lo settle the silver question In international igiccmtnt Until Ibis is done wo no dufling into a position of tho most serious finnm I al ombirrissment Upon the ictition of 241 membciH of tho Ilonso of Common in Septcmbe last tho Honl hold anil SlhII tommis shout was created To inimiro whothci it is possible to suggest any remedies within the powoi of the letislutuio 01 the Gov eminent by itself o > ill eoncirt trill otliei poufia which would bo ellcctual in ic I moving the evils or inconveniences Urns I cauHod I From tim brief statement made it is I evident that the feccictar of the lieasui is impressed with the fact of II new de I partuie about to bo made under the I press of circumstances hy Great Britain I which will eventually result in tho ac complisbment of the icsult aimed ut hy this Government in the calling of the llrst monetary conference in 1878 I Ho says Iho mischief pregnant in I Client lintumx silver boycott of ISld leaped to lilht when German in 1871 imitate 1 that impcual blunder Ho I claims that Iho joint but imnous action ac-tion of England 1 and Germany causi d tbo great monetary dislocation of Iho worlds normal nso of ono common Hi mil ud of prices Ho claims tint the lIlt of 1875 by Con gross did not dcnionctio tie silver dollar ind tint tlio let of 187S I compelling its coinage within certain I limits did not romonetie it rini poqi lion with regard to om piesent silver coinage and to n proposed free oinago of silver lIIay bo sum UlIHI up m his own words Vs our limited silver coinage I paralyzes so our free silver comnLo nt this moment would dcstro tho > ouoi of I tho United Slates to promote tho icstor lion of silver to its old and equal place in the monetary ordei Ho I HiH further I fur-ther 10 stop Iho jiiiiehiso of silver our only choice om dilly nnd our in Iciest Ho I but t peats his assertions of last year in this matter and thin bland eon Indicted hy tho palpable facts in tho cm rent history of the past yoar His irgu mcnt m defi nso of his present position warrants further attention when timo ind space poimit |