Morning journal and courier., 1892-12-09
THE SILVER CONFERENCE.

Proposal of Belgian Delegate
President Andrews of Brown Uni
versity Makes an Address and Ex.
presses His Confidence That a Meas
ure of Relief May be Devised.
BRUSSELS, Dec. Sat to-dsy's session
of the international monetary conference
III. Allardt, Belgian delegate, submitted
proposal for an international agreement
for the purchase under common stock of
silver against which treasury notes will be
issued by the contracting states, none of
which will be obliged to coin the silver
thus purchased or modify its existing our
rency legislation. The plan also proposes
that these shall have international ciroula-
ton. NJ. Raffanovitch, Russian dele
gate, spoke regarding the NORTH Levy plan.
He did not believe that under the present
conditions any international agreement to
regulate the relations between gold nd all
yer was possible. The general discussion
was then resumed.
In reply to the invitation extended to
him by the conference President Andrews
of Brown university, Providence, R. l.,
made an address in which he said he hoped
the idea that America was bent only upon
increasing her national wealth, and that
che was merely acting as the servile crea-
ture of mine owners forever be dismissed
az being as absurd as the idea that Ameri-
can interest was mainly due to the distress
affecting the monetary system. Continu.
| ing, Mr.. Andrews said:
awe have not had and are not likely to
| have a dollar in silver beyond our needs in
| the United States. We have no idea OF
| soliciting any favor from the peoples OF
Europe. What we desire is as much tc
| Europe's interest as to ours. We wieh tc
multiply our trade with the world-to de
a vastsr business with China, Japan and
| Central and South America, and at the
game time with Europe. This will never
be successfully accomplished as long al
| drift apart. The evils of fuctuatine
exchange which beset England il
her commerce with India we alst
l experience in cur trading with our nsares
neighbors, but we are determined not t.
accomplish desirable end at the terribl
cost of opening a similar CHAINS between
ourselves and the nations of Europe. "
will part company with Asia and Soutl
America rather than with you. We vii
not forever continue alone the task OF sut
| tanning the price of silver. If Europe i
| not enough interested in the matter to &C
operate we will soon decrease our annua
purchases of silver and begin to provid
,, for recruiting our currency by issues c
paper. The next congress is nearly certai
, to open procedure in that direction. W
will not give up our gold. The time-hor
ored monetary policy of the United State
will never be changed with Mr.. Clevt
, lands consent"
Referring to the tariff President Al
| drews said it was obvious that there WIS
no surer way to lower the American tart
, than for Europe and the United States
agree upon policy favorable to silver {
money. That alone, he declared, woul
/, abate the incessant conflict for gold an
J. le6<e the United States free to effect o gel
q erous reduction in the tariff.
Il In conclusion President Andrews sai
o he thought that some of the plans pr
!, posed to the conference were feasible, al
r if the delegates continue their deliberatiol
: | with due sense of their responsibility Il
s 1 conference would not fail to devise q mea
4 ure of relief,