The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-11-26
TIE AMERICAN PLAN
PROPOSED 70 TpE MONETARY
CONFERENCE AT BRUSSELS.
- ny the Meeting Was Called-Vhe In.
tereais lnvolved-lt Will Undoubt.
sdiy MeetNith Opposition From
Germany and Austrin

a ny the Meeting Was Called-vhe In.
teresis lnvolved-It Will Undoubt.
e"iy neetNith Opposition From
Germany and Austria.
by Cable to state Chronicle
BRUssELs,. Nov. 25-The proposals
aud before the conference by the Amcri-
commissioners are as follows:
IL is generally admitted that the very
large depreciation of silver, as compared
with gold, IN the last twenty years, and
the frequent ald violent fluctuations of
silver, incidental thereto, have been in
Julous to the commercial aud other eco
nomic interests of ali civilized countries
and have caused, and are causing, serious
evils aud inConvenienCes to trade, the
iutl extent of which cannot be measured
I IS the opinion OF the people of the
United States, with singular
lar uuanimity, that the re establishment
of some tixity of value between gold and
silver, and the full use OF silver
- a coin metal upon ratio to
gold, to be fixed by agreement between
the great commercial nations of the
world, would very greatly promote the
prosperity Of all classes of the people.
They are not unaware, however, Of the
fact that public opinion in some other
countries, whose co operation in sue
cossful movement for such an agreement,
is most desirable, may not fully accord
with the views entertained in the United
States as to the practicability of such an
| har hnl hN
the sentimen' for the larger use of silver
as money metal has been steadily grow,
! ing throughout the world and that the
] present time Is propltious for holding an
/ international conference to consider the
! subject. The government of the United
! States, while frankly disclosing its own
views as to the remedy to be supplied,
has not wished to impose any conditions
that would embarrass any government
that might be willing to confer upon the
most advantageous relation of silver to
the coinage of the world
For these reasons the government of
the United States proposed convention
OF the powers for the purpose of con-
ferring upon what measures, If any, can
be taken to increase the use of silver as
money. In conformity of the purpose of
this conference, the delegates of the
United States offer the following resolu.
ton:
Resolved, That in the opinion of thi:
conference. it is desirable that some
measures should be found for increasing
the use Of silver in the currency system OF
the nations
In presenting, as requested, a furthe
programme to be laid before the confer
ence, the delegates cf the United State
consider it due to other nations repre-
sented that opportunity be atfJrdeC
them to consider plans for the enlarged
use of silver as money other than the on
, favored by the United States
1t is our desire and expectation thA
the powers here represented, or thei
delegates, will submit proposals to thi
end, aud we desire these to have prece
!, dence in the discussion. In addition t
J any plans of the kind, which may be pre-
= seuted, we submit for discussion the 70
:, io6iug, which have been suggested b
- recognized authorities, at the same tim
r we submit the ge20;al plan of bi meta
IS lists which IS favored by the Unite
I, States:
: Frstly.-The plan OF Mr. Moritz Lev,
:, proposed to the monetary conference
II 1881.
. S, condly-The plan of the late Adolp
: Soelbeer.
Lastly We present the plan propose
by ourselves, Gs delegates of the Unite
L States as follows:
y ''The re establishment and main tainaur
Of fixed parity between gold and silve
= and the continued use of both as Coine
= money on full debt paying power, woul
\, be productive Of important benefit !
& the world These ends will be acc0n
= pii5hed by the removal of the legal r,
20 s.rictiCrs now existing and the cOinag
:. of silver into full legal tender money, r
p storing by international agreement Il
x parltv OF value between the metal
& which existed prior TO 1871, at such
ratio as the conference may decide upo
II Tne essentials of sucn an information
= arrangement should be: The urrestri
?. ted coinage of both gold and silver III
= money of full deSt paying power, txiD
b ratio ia The coinage between the meta
! and the establishment Of d unifor
4, charge if any, to the public for mintir
gold and silver coins"
The plan proposed by the Cnlt'
States commissioners cannot be di
ID cusstd and pronounced upon until MAJ
d other plans shall have heea disposed {
= = The general attitude Of the conferenc
=. however, leaves little doubt that t
: American plan will be rejected. T
to German and Austrian delegates a
e, strongly against any measure w'ii'
II would necessitate any change of molne
b in existing legislation on the mon
.ly question
Sir O. Rivers Wilson, one of Gre
BIitan's delegates, started for Lond
to night, presumably to get addition
ri inktrnctions from his oOVernment