New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-12-14
AFRUITLEss MISSION TO PARIS.

AFRUITLEsS MISSION TO PARIS.
THE COMMISSIONERS INTIMATE THAT POLITICAL
CONSIDERATIONS HAD INFLUENCE WITH THE
DELEGATES.
WASHINGTON, Dec. 13.-The report of the Com
ms,ioners on behalf of the United States who at
tended the International Monetary Conference, has
been printed for the of Congress-. After max
ing preliminary statement regarding the assem-
bling in Paris on the 10th of August, the report
says that it was the uumStakable sentiment of the
conference cOnvoked by the United States
that the demonctzatlon of silver had proceeded
further than was compatible with tho interests Of
Europe and America and while diplomatic cOnsd-
eratIons prevented the formal declaration of any
opinion which would have been offensive to the
minority, the conference did not hesitate to declare
that the monetary functions OF silver ought to be
MANI aimed rs well those of gold. The report
continues:
M1uom, ,Ii-w I'm he sense OF IN" conference ~ 1867
was advocated IN that 1873 10y only three delegations,
no., Of which represented pOpuou, states. Tie posi-
lion Of Euaud s worthy OF spgcalremark That nation
had st the eNampl. dcmouctzng silver, and after
the conference OF 1867, recommended the general
adoption gold rnonomctaism The Chancellor Of the
Exch' qu'r, in PlrIiument rrauatcd the country
that Europe was preparing To follow ~ the same course
The conference Of 1878 was attended, on behalf Of
Grca Bitaiu, by delegation eminent for experience
aud economical authority, whose airman the head OF
tn Par laurnlry Comm ttce OF 1876 on the Drprcc
alton OF SILVER" declared that uniy crsa goldmOnOmeta
ism not ouIy Utopiau, but would prove false
Utopia; that tn consequences OF German demoncriza-
ton had greatly dcrangc trade and disturb in
tcna exchange, ana that were the movement for the
rejection OF silver money OF ull power to proceed
fIUm Ststc 10 State the result would not be less than
disastrous. switzerland appeared the uncomproms-
ing ad yocate Of gold mouomctalIsm for Europe. Tie
4 gIg,
position Of THIS state source Of disappointment.
OF late years Belgium, member Of the Latin
UnIon has supported the bmetalllc principle.
Into the causes which resulted delegation at the
present conference Iopeny fayorng gold mouometal-
ism. It would not be proper for your commissioners
TO inquire but whether these causes were economical or
political, the detection Of Belgium at this Juncturc
proved most serious obstacle to the accomplishment
OF the mission with which were charged Not
only did 1t substitute hostile for friendly
vote, not only did 1t deprive the metal
lie cause OF Of Ita aDcst champions
but In view Of the IN the affairs OF the Latin None
tary Union involved IN the necessity imposed upon It's
members deciding before January /, 1879, whether
the Union should Dee dissolved the year after or shall be
continued the changed attitude OF Belgium made the
French d. legation socIrous that nothing should be done
In the conference when should drive any state into re-
volt.
We conceive that there hardly be dissent from the
that II would De DOin II polll'dl MlOuE
and an economical injury Of the graye-t character, 70
ndort monetary policy which should increase the press
ur of debts BY diminishing the umOunt Of the precious
metals In Whici they may be paid. with the enormous
pubilcdrbs OF Europe and America, amounting 20 no
less than twenty thousand millions OF dollars
contracted at q time wucn silver formed an impOr-
tan part 30 monetary circulation the project to
rr ace that neal tD the rank 81 token money allowing
ut,l,mau iu Europe aud America only as the small
rilu ui retail trade. and baushug the residue OF the
.cmu tr,d took o. IIda and On" Ea-t, !. one which
mE..; VIII arouse The NycirSt aPpI"hcn7I"hs 81 puOhc
:" far from acccptugi M reproach that the states
referred 10 xly" cordial support to tue proposition Of
nm, IuIt, Il state, you commissioners hold II Ia be
leg argument that the t"t'uton oi -Ntr Noud
greatly lct ate the resumption - specie payments iy
All countries having forced circulation oi paper, -
-ut primarily great Importance to themselves ana TO
b, desired ~ the Commonwealth ~ NHil"us'
Inc United stat appeared At the conference al q
disadvantage by reason OF the belle quli" commonly en-
tcrtuncd u III Opr ma tucaci MOI congress h' Drcu
manly d,crn ncI by the consideration tnat the United
safe, ar la gry prudu. cr- Of silver HE opinion tN
mUt"d mo- Mite amy, am your commissioners
found 1t utcr-,hr. to combat H. The" showed iuat not
only hat the Government Of the Onited states no
ROYALTY o.. az pro 4u'tI"h o. tue hh,' "i ,'N vi tT
met II, IN taJ turoUgu the absence q" any Hccun".rh
.or. Il uld art less ~ special interest 10 tue
question under CONSIDERATION '""u III 'mS Va ,,,i,,r,
tue atcH rrpr, s.utrd IN tue conference IN 'IeAhnb
OF the oD,arcs which prevented AN 40 ~ ~.
resumption "i SILVER to'As, OF '"' y ~ "a 'i,r
Of a legal ratio to coinage between gnd ana sl.'tI;
Your G. utm,s lJueTz 40 not desire 10 DE- undti~'o"u
that a Tho drc-alcN VINO nave ne h'' "n'" ., ,p,
INK thcms favorable 10 thr conIlhued Use oI siN,r
IA money ltiulttud pTiC,lchululA Oh '"HCull'"t
c alton ~ the two metals In The sane country, OF
profr.-rd Willingness 10 recommend 10 thc.r Govern
~, u,. ,Iu 10 tuat rud Eng delegation, while
sfrulsy ,!rgircating the Cru-ad AGAINST ~Ncr never
ma. -s las acc AIRED tuat England would nos F'tr'c
rom T. g monetary legislation u 1916 establishing the
.I.gl. o., III tauddrd' , 49,.
l., clio Ing ts report II may be proper 10 add that
ynl. cu- i,uurr- have been subjected 10 cohsiuoidol
az, .,v sIac. tuc IUuTumrnt o. the conference rom
causes beyond their control such ptnEr'7S "Hs ,'
nm ir luvcyrr.s to enable Ia consult the records
lor All practicable purposes III the pre- lAfLthh Oh o''I
report Very respectfully, a. u" rnrtUT
FRANCIS \. WALKER
;. II. HORTON,
Secretary.