The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-12-09
SOON TO ADJOURN.
The Brussels Conference VIII
Take q Recess.
ITMAY BE UNTIL AFTER SPRING
Debate on the Various Bi-metallic Proposals
WIZ Be Concluded on Tuesday-PrO-
feseor Andrews Talks.

BRUSSELS, Dec. S.-When the interha-
tioDal monetary conference adiourns at
the end Of next week, it will probably
leave the respective governments repre-
scented to decide whether or not it shall re-
other bi-metalIic delegates will try 10 OBJ
tain from the conference q recommends
ton TO all governments TO allow from a
year to eighteen months to elapse before
taking active measures towards changing
the currency policy. Advocates OF this
recommendation have in view s possible
Improvement to the general monetary po-
sition. They also hope much from the
growth OF hi-mettalism as political force
in British politics. Th5 proceedings yes
terday at the British agricultural confer
ence "a London struck some Of the dele
gates like revelation.
Prof. Andrews, American delegate, who
is president OF Brown university, was in
vited this afternoon as a Democrat and
personal friend Of President-elect Cleve-
land, to inform the conference as to the
probable attitude Of the coming Washing
ton government towards silver.
Immediately after the opening today
Allard, one of the Belgian delegates, sub
mitted plan for an international agree
ment for the purchase under common
account Of stocks of silver, against which
treasury notes could be issued by contract
ing states, none of which would be obliged
to coin the silver thus purchased Or modify
existing currency legislation. The plan
also proposes that these notes shall have
international circulation.
briefly regarding the Moritz Levy plan, but
declared that he did not believe under the
present conditions any international
agreement TO regulate the relation between
gold and silver was possible.
General discussion was then resumed. In
reply 10 an invitation by the conference
Professor Andrews made ar address, in
which he said be hoped the idea of America
was bent only upon increasing national
wealth and that she was not merely acting
as service creature of the mine owners
should forever be dismissed as being
equally as absurd as the idea that Ameri-
can interest is mainly due to the distress
affecting the American monetary system.
Continuing, Professor Andrews said :
1--WE have not and are not at present
likely TO have dollar in silver beyond our
needs In the United States. We have no
idea of soliciting any favor from the peo-
pie of Europe. What we desire is as much
10 Europe's interests as to ours. We wish
TO multiply our trade with the the world.
This will never be successfully accom-
plished so long as two great groups of
nations continue to drift apart We will
not forever continue alone the task of sus-
tanning the price OF silver, and if Europe
is not enough interested in the matter to
cooperate with Us we will soon decrease
our annual purchases Of silver and begin
TO provide by recruiting our currency by
issues OF paper. The next Congress is
nearly certain to open procedure in that
direction. We viii not give up our gold.n
Referring 60 the tariff. Professor An
drews said il was obvious that there was
no surer way to lower the American tariff
than for Europe and the United States TO
agree upon policy favorable to silver as
money. That alone, be declared. would
abate the incesssnt conflict Tor gold and
leave US free TO effect q generous reduction
IN customs tariff.
Best authorities state that when confer
eucs adjourns next week it viii be until
spring A careful canvass of the delegates
shows that majority of them favor this
course. Debate on the various bi-metalhc
proposals viii conclude Tuesday.