Omaha daily bee., 1892-11-27
AMERICAN moSLrAaY PLANS.
Our Delegates Give Their suggestions &
the lnternatio al Conference.

Our Delegates Give Their suggestions to
the internatio nj Conference.
BRUSSELS, Nov. 25.-Ehe International
monetary conference resumed its sittings
this morning. Senators Allison aud Jones
set forth the American suggestions,
basing them on the monetary situation
in the United States aGd the countries rep
resented In the conference. The greatest
secrecy was maintained concerning the
terms of the American proposals. Alfred
Rothschild will submit the suggestion on be-
half Of Great Britain.
Tho proposals made by the American dele
gates at Yesterdays session Of the monetary
conference were printed in English and
French and distributed among delegates
when tho conference resumed sitting this
morning. Tho proposals, In part, say: ut
Is generally admitted very large depreca-
tion In silver, as compared with gold. is fire.
quent The violent fluctuations In gold and
in the price OF silver incident thereto Is I'M
furious to the commercial and other economic
interests OF all civilized countries, ana are
causing serious evils and inconvenieLceS to
trade, the full extent of which cannot yet be
measured"
II is the unanimous opinion of the people of
the United States that the establishment of a
fixity Of value for gold aud silver and the
full use OF silver as q coin metal, upon ratio
liked by an agreement between the great
commercial nations OF the world will greatly
promote the prosperity of all classes of pco-
pie. They beieve the sentiment 10 favor of
the larger use of silver is rapidly growing,
and that tho time Is propitious for an inter
national confcrence on the subject. The gov
ernment of the United States, while frankly
disclosing its own views, does not wish to
impose any conditions that will embarrass
any government willing TO confer on the
question. The United States delegates, in
conformity with the general purpose of the
conference, submit the following resolution :
Resolved. That in the opinion Of this CON
ference IL is desirable that means be found for
the use OF silver In tho currency systems of
the nations of the world.
The document went on to say that it was
the dosiro aud expectation that the powers
represented at tho conference submit pro-
posais tending to this end, and further that
such proposals should have precedence over
those of the Americans. Iu addition to this
the delegates submitted plan as follows: ::
First, that which MorltZ Levy proposed at
the conference Of lSSl secondly, the plan of
Prof. Soetter, and, lastly, the plan submitted
by the delegates.
Discussing the Proposals.
In explaining the position OF himself and
colleagues Senator Allison said while they
came representing the government of the
UnGed States and favoring the b-netallic
plan, they were willing to discuss any plans
calculated to promote an increase in value
IN silver bullion. He saiu 1T was to the IN
terest OF the people OF the United States as
well as those OF other nations to secure
under an international agreement stable
standard or agreement.
Sir Charles Rives Wilson said the British
delegates adhered TO the American resolu-
tion, which was really the basis on which
the conference met.
M. Tierard of the French delegation
thought the method OF procedure proposed by
the Americans peculiar. he wished to say,
however, for the French delegation, tney
come with an earnest desire to consider most
cordially every proposal tending to rehaoili-
tate silver
The Austrian and German de- egates inti-
mated that they are instructed to say they
could not assent to any modification of their
existing monetary laws
The Dutch, Spanish and Mexican dele
gates assented to vote favorable on the
American resolution, while the Russian,
Italian, Roumanian, Swiss and Greek dele
gates declared that under their instructions
they were not permitted to vote on the reso-
lutions.
The conference ultimately resolved. in
accordance with the request of Senator
Allison to postpone action on the American
proposals until later and meet on Monday to
consider proposals submitted by Rothschili
OF the British delegation.