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Show SILVER SENTIMENTS. Cleveland Sends to the Senate tlie .Documents in Relation Thereto. The Reports of Our Ministers to England, France and Germany. A General Belier That the European Countries Are Against Silver. I A Summary of tltc Silver Question. Washington, January 8. In answer to a resolution adopted by the Senate December 9th, the President has transmitted copies of documents showing the action taken by him to ascertain the "sentiments of foreign governments gov-ernments in regard to establishing INTEBNATIOXAL BATES BETWEEN GOLD AND SELVES. The correspondence is accompanied by a letter from Secretary Bayard to the President, Presi-dent, in which he says in part: "It has been the object of this Department and its agents, whilst avowing our readiness, not so much to impress our own opinions and wishes upon others as to obtain well-considered and independent views from the most influential, responsible and competent sources, in order to lay before Congress, first, THE ACTUAL STATUS OF THE METALLIC CUB-BENCTES CUB-BENCTES In the respsctive European countries, and, secondly, the intentions and policies of those governments in relation to the subject, with the details of their action up to the present time. It is believed that the accompanying, from the Ministers of the United States to Great Britain, France and Germany, respectively re-spectively summarize and convey the true condition of opinion and the intentions of the governments and people to whom they have been severally accredited. The letter then mentions the designation of Mr. Marble, Mar-ble, confidential agent to obtain information on the subject, and says: NO SEP ABATE BEPOBT BY MB. MABBLK Has been made, because the results of his investigations appear fully in the letters of Messrs. Phelps, McLane and Pendleton. The correspondence opens with a letter from Secretary Bayard to Manton Marble notifying notify-ing him of his designation to visit Europe upon the mission above indicated. Letters were also addressed to our Ministers at London, Lon-don, Paris and Berlin notifying them of Mr. Marble's visit, and asking their co-operation. A reply was received from Minister Phelps, under date of London, October 20th, 1885. in which he erives the result of the con ferences by himself and Mr. Marble with leading members of Her Majesty's government. govern-ment. He says: From these as well as other sources I am satisfied that the British gov-ernment gov-ernment will inflexibly adhere to their past and present policy in respect to coinage; that they WELL NOT DEPABT FBOM THE. GOLD STAND AED Now, and so long established; that they will not become a party to any international arrangements ar-rangements or union for creating a bimetallic bi-metallic standard at a common ratio between be-tween gold and silver, for the purpose of making both an unlimited legal tender, nor adopt such a double standard in Great Britain. On this point both political parties quite concur, and I believe if either were to attempt to introduce such a departure from the existing money standard, it would be driven out of power by the force of publio opinion. A reply from Minister McLane, at Paris, dated October 18th; 1885, expressed the opinion opin-ion that, "while France would gladly receive intelligence that the United States would adopt the French ratio of 15 of silver to 1 of gold, no consideration of future consequences con-sequences could induce it to adopt the American Amer-ican ratio of 16 to 1; still less would she adopt any higher ratio to assimilate the present commercial market value of silver with the value of gold, nor would she consent con-sent now to permit an unrestricted OB EVEN LIMITED COINAGE OF SELVEB At her mints. The present purpose of her government and people is to maintain, if possible, the two metals at the present ratio of 15 to 1 in domestic circulation and exchange. ex-change. Mr. McLane says the facts obtained naturally suggest that the United States, the greatest gold and silver country in the world, should suspend its silver coinage in order to utilize it not only for circulation but as part of its Treasury reserve. Minister Pendleton, in his reply dated Berlin, October 19th, 1885, gives his conclusions conclu-sions briefly, as follows: "The adhesion of. Germany to an international bi-metallio union such as was proposed by the United States and France in 1881, can scarcely be expected within any limit of time now to be predicted. The co-operation of Germany in such action may be sought with a fair prospect pros-pect of success, whenever it becomes possible possi-ble to include in such a union England and Bussia, the former of which seems to CLEAVE TENACIOUSLY TO HEB GOLD MONOMETALLISM, MONO-METALLISM, While the latter staggers under the evils of a depreciated and largely fluctuating paper money. The adhesion of England at least is certain now, and would probably for an indefinite period be regarded by Germany as a sine qua non. Consnl-General Walker, in a letter to the . Secretary of State, dated Paris, August 20, 1885, reviews in detail the changes of SENTIMENT OF FOREIGN COUNTBIES In relation to monetary matters, as 6hown in the proceedings of the conference, and expresses the opinion that nothing will so much hasten the adoption in Europe ot the monetary policy which we desire to have adopted, as a suspension of silver coinage in the United States. The correspondence also includes a copy of the agreement entered into at the Paris monetary convention, the essential parts of which have been published. |