The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-14
THE MONETARY CONFERENCE.
4, PROPOSAL THAT MAY WIN THE SUP
FORT or THE DELEGA TIES.
uo,..worth Protests Against the Obstruc-
ZION OF the british Members - senator
Iop..'s Long Speech on Rimetallism.

IL
p,rssy,s. Dec I'm. Foville. a French
saI.-ste to the International Monetary Con.
,ar.ncc. has submitted n proposal that war
,o,ts shall he issued against deposits OF sill
car on the Same system rs that which pre-
,ails in Glasgow. whore warrants are issued on
d,nosits of piG iron. the warrants not to have
.a,oeuition MS international currency. but SIM
,iv.o ear the statement that they are good for
IN. weight OF silver specified. 1t is under
,,ood that all the countries in the Latin Union
vii support the proposition. which Is likely to
secure tho support oil every section OF the con-
stt SGnilford Wordsworth o, the Indian dele
gallon protested today against thu 3bstruc-
any PRACTICAL solution OF the silver question.
fctl in this and n previous conferences on
Guiitorl said. the currency question would
long since have been settled. The British
DELEGATES did no. seem cen to annreciatS The i q
since the meeting OF the conferences. owing to
lie statements OF Archbishop Walsh in Ire
,I,Isi conference in England. and the petitions
from various chambers of commerce in iavor
adjourn for few weeks to zen.
able the british Government to reconsider the
whole question and give instruction to It's
delegates in accord with the changed sit
SIT River. Wilson. English del.cate. re.
L a" snE FIN 9 Ths
st;ion 81 the delegation Tor Great Britain; he
Md had been INTERPRETED incorrectly. The
chpct " his recent speech was to facilltate
business bv enabling the Conference to under
stand the position taken by the British Gov.
eminent. The English delegates had not
mstallis am. which did not serve the purpose
ior which the Conference was convened.
Senator Jones made q long address on
himetaliism. reviewing the history OF tho
the question at great length. He argued from
this history that tho increase Of silver produce
zion had led ever to the revival OF industry
aud commerce. The demonstration Of silver
out the civilized world. The prosperity Of
every country depended upon tho stability "
the value of its money. The uninterrupted
EMPLOYMENT Of the people could be accom-.
rshed only through the instrumentality OF
time contracts. which often deferred the date
OF payment for many years.. Any increase IN
the value Of tho money on which the terms OF
incly upon the employers, who saw oil their
foresight thwarted BY subtle and ineXplica;
bic change. Such phenomena were followed
by tho suspension OF work and enterprise. and
enforced idleness upon tho laboring classes:
senator Jones then dri,ted off to the su bject OF
checks. certificates. and other sunstltutes iof
money. Even il used to the utmost they would
FIRING no permanent relief OF the present stu
alton. They we're mere narcotics. Oniy the
reconciliation Of silver would be an adequate
remedy. Senator Iones's speech was listened
to with close attention by the conference. de-
spite the fact that it was nearly two hours long.
WAsHINGroN. Dec 13..The statement Is
tionsl Monetary Conference at Brussels viii
Within q few days adjourn to meet in March
or April OF next year. No result Is expected at
the present session OF the Congress-.