-S. (ISTTERSATl' IKNCE.) 



ancc of purchase money for such land at th. time 



n *uch contracts for the sale 1 1 

 nd release to the holders of such contra- 



merest, and estate in and to the land em- 

 braced in such contra 



-Stc, 8. That Congress shall at all times have 

 the power to alter, amend, or repeal 



. :t. When the line of such railway is now 

 located within the limit* of *nv St'- 

 line is now located within a Territory which ma/ 

 hereafter become a State, uch Slate, or Mich Tcrn- 

 hen it shall become a State, shall 

 " to require such cor|M.raii.>n to become m- 

 iti. -tales as may be 



proYided by the U 



The President approved the measure Mar 

 International Money ronferwwe. The 

 gross pa**rd and the President approved the foUOW- 



, AM! n to provide for the representation of 

 the United States by ooramissiouere at any inter- 

 national money conference hereafter to be called : 



ver al 



4. I*7. the President <>f (he I'm:. -I Slates shall de- 



.illd be ivpre- 



: nt any internal ional conference calleil by the 



1 Stataj or any other country with a view to 



mat ional agreement a fixity of rela- 



.liue between gold and silver as money by 



means of a commoi i ti..-.- metals, 



with free mintage at such ratio, he is hereby au- 



thoriied to appoint five or more commissioners to 



such international conference; and for eomj>ensa- 



'-... - : : -. atld f'-r all reasonable 



expenses connected therewith, to be approved by 



the Secretary of State, including the proportion to 



be paid by the Tinted States of the join 1 



of any uch conference, the sum of $100.000, or so 



much thereof as may be necessary, is hereby appro- 



priat 



. 2. That the President of the United States 



It hereby authorized, in the name of the Uovcrn- 



i ted States, to call, in his discretion. 



such international conference, to assemble at such 



point as may be agreed upon. 



I he is further authorized, if in his judgment 

 the purpose specified in the first section hereof cnn 

 thus be better attained, to appoint one or more 

 special commissioners or envoys to such of the na- 

 tions of Europe as he may designate to seek by 

 diplomatic negotiations an international agreement 

 for the purpose specified in the first section hereof, 

 ii caw of Mich ap|M>intment so much of the 

 appropriation herein made as shall be necessary 

 shall be available for the proper expenses and com- 

 pensation of sue! i commissioners or envoys." 



It may be worth while to quote from speeches 

 made by three Senators representing the various 

 views on the measure. 



Mr. Chandler, of New Hampshire, said : 

 - Mr. President, this bill represents a new move- 

 inning in the United States for the estab- 

 of bimetallism, the unlimited coinage of 

 silver and gold as stand an 1 money. 



he provisions of the bill ar, in the form de- 

 sired by it* friends; substantially in the language 

 of three previous authorizations under which United 

 States delegates were appointed to international 

 conferences, and of one under which no 



-hollld I- -poiisibility for 



D or nonaction will lie his. ami there need lie 



no desire t" take it from him in view of his utter- 



iipon arccpling the nomination of his party. 



nan 



EtepabUflM .!e.-laivd in fa\ 



an internal ional agreement, and if eleeted President 

 it \\ill l.e my duty t.. employ all proper means to 

 promote il.' ' 



. lie I. ill docs not name the plaee where :i 

 ferenee mu-t lie lield. lull \<-:\\>^ that i|iie-t j, ,n |,, I,,- 

 M-ttled aeeordini; to the i be nations 



which are to participate in it. and to tin coiiveii- 

 "f the greater numlK-r of the delegate?.. It 

 would be exceedingly unwiM- t.. al. -..iut.lv require 

 that the conference* shall be held in the I'mted 



inly authorises the coming IV. M.I, nt to 

 apnoint delegates to anv conference which mav be 

 called by the 1 .ten or any oth- 



and provides for paying their expenses. 



does not compel the President to initiate an 

 international conference, whether the u 

 rived and due preparation* have been made for it 

 or not ; and it is not desirable that such corapul- 



ne bill does not undertake to declare what the 

 D of llii* (ioM-niinelit will lie ill ca-e tl,. 

 ferenee shall fail to establish bimetallism* To in- 



-lati\e pp.vi-ion that in such an 

 the Tinted States alone will proee.-d ! th- 



|M of silver would ncce.s-nrily |n-e\eiit a IUO- 



CeSSflll outcome of the c.. lifer, lice if , 



and. moreover, would certainly defeat the passage 

 of this dill through both Hooset and it- 

 liythe I're-.ii|ent. It \\.-ulil lie as complete a re- 

 jection of the bill as would be a Vote of the Senate 

 to indefinitely po-ipone it. and the n-poii-ibility 

 for the fiiv : the new movement for bimet- 



allism would fatally re>t up.m tho.-e who claim to 

 be the special champions <>f sii 



Mr. Proident, this lull for an international bi- 

 metallic conference has been deliberately presented 

 in a body a majority of \\h--e member- are well 



known to be in lav.ir <.f the free coinage of stiver 



by the I'nited States independently of other na- 

 tions and who believe that DO BtlCOeSSfnJ re-ull will 

 come from the conference. Hut it is presented to 

 them in the belief and after the a-- u ranee that t hey 

 are not unwilling to allow the experiment to l.i- 

 again tried, under favorable auspices, and with a 

 universal hope that it may secure the adoption of a 

 sy-trin of bimetallism by the leading commercial 

 nations of the world." 



.Mr. Stewart of Nevada said : 



"There are many grave objections to int. 

 tional money which ought- to make n- he-itat.- be- 

 fore we enter into any compact with the world to 

 have international money. In the first place, if we 

 had an international money that was legal tender 

 throughout the world our bu>ine*s would lie >ubjeet 

 to the fluctuations and change- of every country of 

 the world. A busine man would not only ha 

 calculate about the business of his own country, 

 but he would have to know the world in order to 

 guard himself against fluctuations and dist url 

 which might occur anywhere. The idea that com- 

 cau not be carried on without international 

 money is against the experience of mankind. In- 

 ternational money never has existed, to my knowl- 

 p( in line instance. The Latin Union in 

 1865 formed a compact whereby the money of 

 Franer. Italy. Greece. Helgium. ami Swit/.erland 

 should In- a legal tender throughout that combina- 

 tion. Hut. those were small count ri---. dependent 

 upon France and under France'?, protection at the 

 time. That is the only instance I know of interna- 

 tional mo: 



" Money is essentially domestic. It is a great 

 misfortune if it has to be exported and sold in other 

 countries. We do not want to export our money. 

 We should not make an elT.rt to have a kind of 

 money that can be exported as such. When u 

 port our money we disturb our own business. \\ 

 might as well export our tools and attempt to carry 

 on farming and other vocations. If you export 



