Rensselaer Republican, Volume 26, Number 37, Rensselaer, Jasper County, 10 May 1894 — THE BI-METALLIC LEAGUE. [ARTICLE]

THE BI-METALLIC LEAGUE.

The International Bi-Metallic Leagui is now in session at London. A pamphlet which is now being circulated among thi delegates is creating a sensation in financial circles of the worlds metropolis. Thi author is Sir Joseph McKenna, ex-direct-or of the National Bank of Ireland. It is devoted to proving that Lord Liverpool’! legislation of 1816 was simply a fraud, thi object being to cheat the public out off shillings in each pound, Troy weight, ol new coin. It is added that Lord Liverpool mado that paltry gain not for himself but for the treasury. Sir Joseph McKenna acquits Lord Liverpool of intentional dishonesty, and prefers to attrihuti the fraud to his stupidity. Silverites claim that when this is understood it will strongly Influence public opinion in favoi of the re-establishment of bi-metatlism. The following cable message from Senators of tho United States was received by the Lord Mayor of London, Thursday: Wo desire to express our cordial sympathy with the movement to promote th? restoration of silver by international agreement, in aid of which we-understand a meeting is held to-day, under your lordship’s presidency. Wo believe that tin free coinage both gold and silver by international agreement at a lixed ratii would secure and maintain the blessing of a sufficient volume of metallic money, and. whicli is hardly less Important, secure ti the world of trade immunity from violeni exchange fluctuations. The document was signed only by Senators who voted for tho repeal of tin Sherman law, the signers t>eing .Tohi Sherman, W. B. Allison, D. W. Voorhees George F. Hoar, Nelson W. Aldrich, David B. Hill, Edward Murphy, A. P. Gor man, O. 11. Platt, Calvin lirice, Joseph M Carey, Wm. Fyre, C. K. Davis, S. M. Cullom, Henry Cabot Lodge.,