Griggs courier., 1892-12-02
MONETARY CONFERENCE.

MONETARY CONFERENCE.
Proposal Of sAs uaited states submittsd
70 the Deiegasss-More Silver Favored.
BRussE1.s. Nov. e6.-The proposals
made by the American delegates to the
monetary conference were printed 10
parallel columns, one in English, the
other in French, aud were on Friday
distributed among tho delegates, eacn
receiving copy rs he entered the con.
ference room. The proposals substan-
italy say:
ut is generally admitted that very large de.
| probation Of silver as compared with gold and
the frequent violent fluctuations of gold and
the price Of silver incident thereto have been in
| furious 70 the commercial and other economic
interests of all civilized countries, and have
caused and are causing serious evils and incon.
veniences to trade, the full extent of which can
| not yet be measured.
ut Is the unanimous opinion of tho people oi
the United States that the establishment of q
| dx:ty OF value Of gold and silver and the full
fixed by agreement between the great
commercial nations of the world will
greatly promote the prosperity of all classes
of the people. They, however, are not
unaware of the fact that public opinion in
some other countries whose cooperation in q
successful movement is most desirable ID not
fullyin accord with the views Of the practica-
bility Of such an agreement. They believe that
Q sentiment in favor of large use of silver is
steadily growing throughout the world, and
that the time is propitious for holding an inter
national conference TO consider the subject.
1.-The government OF the United States, while
frankly disclosing its own views Of the proper
remedy to be applied, does not wish to impose
any conditions that will embarrass any govern
ment willing to confer on the question Of the
most advantageous relation of silver to the coin
age of the world. The government of the United
States for these reasons pre- posed by q conven-
tion Of the powers for the purpose of comforting
and determining what means, II any, should be
taken to increase the use Of silver as money.
The United States delegates, in conformity
with the general purpose OF the conference. sub.
init the following resolution:
"'That, in the opinion of this conference, 1t is
desirable that means be found for increasing
the use Of silver in the currency systems of the
| nations Of the world
1.-THE government Of the United States be.
neves that the reestablishment and mainte.
| nance Of q fixed parity between gold and silver
and the continued use OF both as coined money
| OF full debt-payiDg power would be productive
| OF important benefits to the world.
'These ends will be accomplished by the re.
moval of the legal restrictions now existing
| and the coinage of silver into full legal tender
| money, restoring by international agreement q
parity Of value between the metals at such a
ratio as the conference may decide upon. The
| essentials of such an international agreement
should be:
II. The unrestricted coinage of both gold and
silver into money Of full debt paying power.
"2. Fixing ratio In the coinage between the
metals.
"3. The establishment Of a uniform charge.
ff any, the nNhlic Yninfirp 0n1d and oilvov
coins"
In explaining the position of himself
and his colleagues Senator Allison said
that, while they came representing the
government of the United States and
favoring the bimetallic plan, they
were willing to discuss any plans cal
culated to promote an increase
in the value of silver bullion.
With singular unanimity, he said,
the people of the United States were in
favor of the free mintage of silver. 1t
was to their advantage, as we'll as to
the interest of the other nations of the
| world, to secure under an international
agreement a stable standard of value.
In regard to the assumption that Amer
lea was silver-producing country, he
said that the silver products amounted
to only $5O,00o,000, while other pro-
ducts represented an annual value of
ST., 1000, 100000
Sir Charles Rivers Wilson, speaking
for Great Britain, said that the British
delegates adhered to the American
resolution, which was really the basis
on which the conference met The
principle therein was set forth in the
invitation issued by the government of
the United States, and the presence of
delegates from the countries invited
implied the acceptance by those eeun-
tries of that principle.
| The Austrian and German delegates
intimated that they had been instruct
ed to say that they could not assent to
any modification of their existing mon
etary laws.
The Dutch, Spanish and Mexican del
egates stated that they were ready to
vote favorably on the American resolu-
ton, while the Russian, Italian, Rou-
manian, Swiss and Greek delegates
declared that under their instructions
they were not permitted to vote on the
resolution.
The conference intimately resolved,
in accordance with the request of Sen
ator Allison, to postpone action on the
American proposals until later stage
of the proceedings, and to meet on
Monday to consider the proposals sub.
mitted by Rothschild. of the British
delegation.
ASSASSINATED THE AGENT.
Three Men Under Arrest for the Mureies
of Agent Vortham.
DANv1LLE, KY, Nov. 2e.-Sidney
Wortham, joint agent for the Louis.
vile & Nashville and East Tennessee,