510 BOARD OF AGRICULTURE. [Pub. Doc. 



credited delegate from Venezuela. He expressed his pleas- 

 ure at being in an American assembly composed of highly 

 intelligent agriculturists, to whom he brought from his own 

 country expressions not only of friendship but of love and 

 veneration for the United States of America, — the model 

 Venezuehi Mill always be glad to set before her, with the 

 hope that some clay she might become second with this 

 country upon this continent. He was made an honorary 

 member of the Congress. 



General Roy Stone, of the good roads division of the 

 agricultural department, Washington, D. C, read an inter- 

 esting paper upon "The silver question after the election," 

 in which he outlined a plan for "an international mint, to 

 be opened under the management of the governments of 

 the chief commercial nations of the world ; silver inter- 

 national coins to be issued, known as globe dollars and 

 fractions thereof, l)earing their denominations in shillings, 

 francs, etc., on one side and an international symbol with 

 the name of the United States on the other, to be coined 

 and freely used in exchange for gold or its equivalent, or 

 for silver bullion at its market price. 



' ' Bars or blocks of silver to be numbered and stamped 

 with their full international coinage value, for use in bank 

 reserves or for export or domestic transfer. Certificates to 

 be issued on deposit of silver bullion at the market value, or 

 of the proposed coins, bars or blocks. 



" The international coins, bars, blocks and certificates to 

 l)e receivable for public dues, and to be exchangeable for 

 gold at the central mint and its agencies in all countries of 

 the monetary union. 



"All profit on the coinage, stampage and issue of certifi- 

 cates for bullion to be placed in a reserved fund, invested 

 in stable government securities, to assure the parity of this 

 currency with gold ; the interest arising from such securi- 

 ties to be added to the fund. 



*' The coinage, stampage or issue of certificates to be 

 curtailed whenever the deniand for exchange in gold indi- 

 cates a redundancy of either. 



"The mint and fund to be managed by a commission, 

 consisting of representatives by the governments joining in 



