The record-union., 1892-11-26
MONETARY CONFERENCE.
American Suggestions Set Forth by
Senators Allison and Jones.

American Suggestions Set Forth by
Senator's Allison and Jones.
BRUSSELS, Nov. 25.-The International
Monetary Conference resumed its sitting
this morning. Senator William b. ALI
son and Senator John P. Jones set forth
the American suggestions, basing them
on the general view of the monetary sit
uation in the United States and countries
represented in the conference. Great
secrecy is observed concerning the
American proposal. S. NJ. Montefore
Levi, President OF the conference. objects
positively to anything in regard to them
being published. Alfred de Rothschild
will submit the suggestions on behalf of
Great Britain. The American delegates
submitted q resolution declaring that in
the opinion of the conference it is desira-
bic that means he found for increasing
the use of the silver currency system Of
the nations. a document prepared by
the American delegates and presented
with resolutions explained that they
wished that an opportunity be afforded
to them to consider their plans. AT the
same time they submitted a general plan
on bimetallism offered by the United
States, showing that the establishment
and maintenance ofa fixed parity between
gold and silver, and the continued use Of
DOII dS COlIIbil lliOLlGN VI lIl1 uct)l- paving
power, would be productive of important
benefit to the world.
PROPOSALS OF THE AMERICANS.
BRUssELs, Nov. 25.-The proposals
made by the American delegates at YES
terday's session of the Monetary Confer
ence were printed in English and French
and distributed among the delegates
when the conference resumed its sitting
this morning. The proposals in part
say:
1T is generally admitted that the very
large depreciation OF silver as compared
with gold, and in the price OF silver incl
dent thereto, Is injurious to commercial
and other economic Interests of all the
civilized countries and is causing seri-
GUS evils and inconvenience to trade.
the full extent of which cannot yet be
measured. 1t is the unanimous opinion
ofthe people OF the United States that the
establishment Of a fixity Of value Of gold
and silver, and the full use Of silver AS a
coin metal upon ratio fixed by agree
ment between the great commercial ma
tions of tho world Will greatly promote
the prosperity of all classes Of people.
They believe the sentiment in favor of
a larger use Of silver is steadily growing.
and that the time is propitiols for an IN
ternatlOnal conference on the subject
The Government of the United States.
while frankly disclosing its own views.
does not wish to impose any condition
that viii embarrass any Government
willing TO confer on the question. The
United States delegates, i'll conformity
with the general purpose Of the confer
erce. submitted the following:
"ReSOfred, That in the opinion of this
conference a desirable means be found
for increasing the use of silver in the cur
rency systems of the world"
The document went on 10 say it was the
Il 80. Il nv Tr.V,
represented at the conference submit pro-
posdls tending to this end, and further.
that such proposals shall nave precedence
over those of the Americans. III addi-
ton to this, the delegates submitted q
plan, as follows: First. that " hich Moritz
Levy proposed at the conference Of 1851:
secondly, the plan Of Professor Soetter
and, lastly, the plan submitted by the
delegates.
In explaining the position Of himself
and colleagues, Senator Allison said
while they came representing the Gov
ernment of the United .Sts.tes and favor
ing a bimetallic plan. they were willing
to discuss any plans calculated to pro-
mote an increase in the value of silver
bullion. He said it was to the interest Of
the people Of the nited States rs well as
those of other nations, to secure, under
international agreement, stable standard
of agreement.
clf CndrieS 1tIVcfS- w llSOD SAID the
British delegates adhered to the American
resolution, which was really the basis on
which the conference had met
NJ. 1ierard, of the French delegation,
thought the method of procedure pro-
posed by the Americans peculiar. He
wished to say, however, for the French
delegation, that they came with an earn
est desire 10 consider most cordially
every proposal tending to rehabilitate
silver.