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Show MARBLE ON SILVER. ' ' . -.. . What Light Will the Great Journalist Throw Upon the Momentous Question? Opinions From the Experts of England, Eng-land, France and: Germany on a Bi-Metallic Currency. - And Cleveland May Probably Embody i the Suggestions to the Next , - Congress. ITlanton Marble Reports to the ".President.. Washington, November 8. Manton Marble; Mar-ble; who returned from Europe a few days ago', has ,: reported in person to Secretary Bayard and President Cleveland the results of his confidential mission there, in which he has been employed since last May, The character and.- purpose of this important mission, now first ' made public, and which ! are fully stated in the following letter of instructions from Secretary Bayard to Mr. Marble in his circular letters to our Ministers in England, France and Germany Messrs. Phelps, McLane and Pendleton show that the President, whatever the views expressed in his silver letter written at Albany before his term of office began, or those which he may hereafter set forth in his first message to Congress, promptly accepted the duty imposed upon him by the existing laws of Congress, requiring a renewed endeavor to promote a bi-metallic union with the leading nations of Europe: Confidential. Depabtment of State, ) Washington, May 13, 1885. j - Manton Marble, Esq., Neio York Sib : The President has had in review several successive succes-sive acts of Congress of the United States, from March, 1870, to July, 1884, which, authorizing au-thorizing the Silver Commission of 1876-77, the International Monetary Conference at Paris of April-July, 1881, and also negotiations negotia-tions with foreign governments under the acts of June 11, 1879, and August 7, 1882, and the continuance of the same under the act of July 7, 1884, have sought to prepare for, promote and obtain the adoption of A COMMON BATIO BETWEEN GOLD AND SILVEB, For the purpose of establishing internationally internation-ally the use of bi-metallio money and securing se-curing a fixity of value between those metals. In compliance with the uniform purpose indicated in-dicated in these various acts of Congress and in furtherance of their object and in the execution ex-ecution of the policy they prescribe to the Executive, Ex-ecutive, I am directed by the President, who recognizes your especial competency in practical monetary and economio sciences, to request that you proceed to Europe at the earliest date which shall suit your convenience, conveni-ence, and by personal conference with the expert advisers and statesmen of the principal princi-pal governments of Europe, and in conjunction con-junction with the Ministers representing the United States near those governments particularly par-ticularly with our Ministers to Great Britain, France and Germ an v. to whom von will be duly accredited and to whom copies of this instruction will be confidentially transmitted, trans-mitted, and who will be instructed to facilitate facili-tate the object in view by every means in their power, by personal conference with representatives of those governments duly authorized in this behalf that you assist the Ministers (U. SO to ascertain the present, opinions and purposes of those governments in respect to such an establishment internationally interna-tionally of A FIXED BELATTVE VALUE BETWEEN THE TWO METALS, One ratio of weight between coins of gold and coins of silver, the free coinage of both metals at the mints and the international use of both metals as money of unlimited legal tender. Your services to the Government Govern-ment in this especial confidential mission 1 will begin at once, and will end on or before the reassembling of Congress in December next. I am, air, ' Your obedient servant, T. F. Bayabd. Confidential Depabtment of State, Washington, May 14, 1885. f To Robert M. McLane, Esq., Paris: Sib: Mr. Manton Marble has been chosen by the President as confidential agent of the Government Gov-ernment of the United States to visit the principal countries of Europe; there to ascertain as-certain the present opinions and purposes of their governments touching a fixed ratio between gold and silver, and their unrestricted unre-stricted coinage and collateral use as money in domestio circulation and international exchange.' The enclosed copy of instructions instruc-tions given to Mr. Marble will possess you of the objects of his mission, and the manner man-ner and event of aid which you and other Ministers of the United States to whom like instruction is addressed, will be expected to assist him. As it is difficult to overstate the importance of the question, and the MOMENTOUS CONSEQUENCES. TO THE AMERICAN PEOPLE Whioh are involved in its solution, the necessity ne-cessity for an accurate and full knowledge of all the faots and of the Teal intentions and attitude of the leading powers of Europe in regard thereto becomes apparent. I trust, therefore, that not later, ihan the first of November next, with the assistance of Mr. Marble's labors, you will enable the President Presi-dent to lay before Congress information, coupled with proper suggestions, which may make practicable such legislation as will meet the grave emergency. I need not impress im-press upon you the necessity of reticence as to Mr. Marble's functions." You will naturally natu-rally regard this instruction for the present as personal, withholding it from the files of the Legation until the proper time arrives for making upthe record. I am, sir, . j : Your obedient servant, ' ' T. F. Bayabd. Mr. Marble has spent the last four or five months in personal conferences with-the principal members and the Finanoe Ministers Minis-ters of the governments in . London, Paris and Berlin, and in such consultation with the leading economists and monetary experts ex-perts of the three great Powers of Europe, . including all the principal bi-metallists, also the foremost leaders of the opposition in England, and conversations of -such a char acter, especially with the leaders of govern-I govern-I ment and of party, are of course confidential, confiden-tial, unless it is desired to create a difficulty like that which lately arose between numerous nu-merous merchants, bankers and publicists, many of the latter having been brought together from all parts of Europe by the fifty-year jubilee of the Statistical Society, held Jn London last June. - Of France and Germany, the leading public men with whom Mr. Marble conferred are less well-known here, but they include in France, Henri Cornuschi. a recognized and -pre-eminent leader of bi-metalhsts, not only of France, but of Great Britain and all Europe, who was a delegate to the International Monetary Conference of 1881, with Marquin, its presiding pre-siding officer, who is now the President of the Bank of France; Clavery and other experts in the departments; Sadicarnot, the Minister of Finance, and DeFreycinet, the Minister of Foreign Affairs; and in Ger- ! many, besides the leading bankers and bi-metallist bi-metallist Bleichroder, Schraut, the expert delegate of Germany to the Conference of 1881, and the author of a well-known treatise on the "Most Favored Nation" clause of the commercial treaties; Count Herbert Bismarck, now Secretary of State m place of Hatzfeldt: VonBurchard, the Imperial Finance Fi-nance Minister, Von Soholtz, the Prussian Prus-sian Finanoe Minister, and Vpn Dechard, a trusted financial adviser of Lord Granville and Prince Bismarck concerning the alleged advice of the latter on the occupation of Egypt.' But the State Department .permits itto be known that Mr. Marble's private letters to Secretary Bayard and the President have recounted his discussions . - - BESPECTINO AN INTERNATIONAL BI-METALLIC UNION, Held with an extraordinary number of persons per-sons in those countries, of the highest competency com-petency in thi3 regard by their political rank and influence, or by their expert knowledge. knowl-edge. For example, of the opposition leaders lead-ers in Great Britain, Mr. Gladstone, Mr. Childers, the. late Chancellor of the Exchequer, Ex-chequer, Mr. Goschen, the eminent economist econo-mist and statesman who was, in 1876, the chairman of the House of Commons committee com-mittee on the depreciation of silver, and in 1878 the chief delegate of Great Britain to the International Monetary Conference in Paris; Earl Spencer, the late Lord-Lieutenant of Ireland ; Lord Roseberry, Lord Sher-brooke, Sher-brooke, who as fiobert Lowe was Chancellor of the Exchequer under Mr. Gladstone ; J. E. Cross, the late Parliament Under Secretary Sec-retary of State for India; Sir William Har-court, Har-court, John Bright, etc.; of the present government, gov-ernment, Lord Iddlesleigh, First Lord of the Treasury, who as Sir Stafford Northcote waa Chancellor of the Exchequer under Lord -Beaconsfield; Sir Michael Hicks-Beach, the present Chancellor of the Exchequer, whose motion defeated the Gladstone government in the House of Commons last June, and Robert Griffin, formerly an editor of the London Economist and president of the Statistical Society, now at the head of the commercial department of the BoaTd of Trade. Of other well known men, Mr. John William Birch, - an" eminent direotor of the Bank of England, and Henry R. Greenfell, whose writings, with those of Henry Hucks Gibbs, have chiefly upheld bi-metalism in England, both directors of the same bank. Professor Henry Sedgwick, of Oxford, who defended the bi-metallic theory in .his treatise on political economy, and was the presiding officer of his section in the last British Association meeting; Prof. J. E. Thorold Rogers, of Cambridge; Prof. David Masson, or Edinburgh, Prof. James Bryce, of Oxford, M. P.; Samuel Smith, who with S. Williams represents bi-metalism and Liverpool in the House of Commons; Mr. Huxley, the President of the Royal Society; Mr. Herbert Spencer; Count Munster and M. Waddington, the German and Frenoh Ambassadors in England, besides the Prince Chancellor, who is now and for many years has been Governor of the Imperial Bank of Germany, under whose skillful administration administra-tion Germany passed through the great wars without resorting to depreciated paper money, and by whose advice the sales of Germany's silver were stopped in 1879; together to-gether with many others, merchants, bankers, bank-ers, economists and public men, of whom, the first and most important was the famous Prince Chancellor Bismarck. |