The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1892-12-01
WANT MORE SILVER.
Uncle Sans Propositions to the
Monetary Conference.
The Position of the American Delegates
Explained by Senator Allison = No
Action will BE Taken Until
Later Date.
FAVOR SILVER COINAGE.

| FAVOR SILVER COINAGE.
BRUSSELS. Nov. 26.-The proposals
made by the American delegates to the
monetary conference were printed in
parallel columns, one in English, the
other in French, and were on Friday
distributed among the delegates, each
receiving copy as he entered the con.
ference room. The proposals substan-
TALLY 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 to 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 the people Of
| the United States that the establishment Of
dx;ty OF value Of gold and silver and the full
| use of silver as coin metal upon ratio
| fixed by agreement between the great
commercial nations OF the world will
greatly promote the prosperity of ali classes
Of the people. They, however, are not
unaware OF the tact that public opinion in
! some other countries whose cooperation in
successful movement is most desirable is not
| fully in accord with the views Of the practca-
| bility OF such an agreement. They believe that
, sentiment in favor of a 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
.uy conditions that will embarrass any govern
ment willing to confer on the question OF the
most advantageous relation OF silver to the COIN
of the world The QOyernmeNt th0 -nitQ0
States for these reasons proposed by conven-
lion of the powers for the purpose OF comforting
! and determining what means, if any, should DO
taken to increase the use OF silver as money
The United States delegates, in conformity
| with the general purpose Of the conference. sub
NIT the following resolution
THAT, in the opinion OF this conference, it is
desirable that means be found for increasing
the use of silver in the currency systems of the
| nations of the world
'The government of the United States b.
lieves that the reestablishnent and mainte-
nance of liked parity between gold and silver
| and the continued use OF both as coined money
| of full debt-paying power would be productive
! Of important benefits to tho world.
| 'These ends will be accomplished by the re-
| noval of the legal restrictions now Existing
| and the coinage of silver into full legal tender
money, restoring by International agreement a
parity of value between the metals at such
|
essentials Of such an international agreement
should be:
II. The unrestricted coinage of both gold and
silver into money OF full debt paying power.
go Fixing ratio in the coinage between the
metals.
''3 The establishment of a uniform charge.
If any, to the public for mnting gold and silver
coins
SENATOR ALLISON EXPLAINS.
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 stable standard of value.
In regard to the assumption that Amer
lea was silver-produciny country, he
said that the silver products amounted
10 only $5O,0OO,0 600, while other pro-
ducts represented an annual value of
ls13, 600, 0O0.O ZOO.
VIEWS OF OTHER DELEGATED.
Sir Charles Rivers Wilson, speaking
Tor Great Britain, said that the British
delegates adhered to the American
resolution, which was really the basis
on which tho 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 coun-
tries of that principle.
The Austrian and German delegates
intimated that they had been instruct
I'd to say that they could not assent to
any modification of their existing mon
starry laws.
The Dutch, Spanish and Mexican del
sgates 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.
ACTION POSTPONED.
The conference intimately resolved,
in accordance with the request of Sen
ntnr Allison, to postpone action on the
American proposals until later stage
IF the proceedings, and to meet ON
Monday to consider the proposals sub.
mitted by Rothschild, of the British
delegation.
|
Newspaper Office Burned.
EAHRIsBURG, Pa. Nov. 23.-Fire was