New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-26
THE MONETARY CONFERENCE
AMERICAN DELEGATES SUBMIT A PLAN.
sUGGE?TING THE UNRESTRICTED COINAGE OF
BOTH GOLD AND SILVER AND THE FIX
ING OF RATIO BETWEEN
TUEM-THE DEBATE


ING OF A RATIO BETWEEN
TuEM-THE DEBATE.
Brussels Nov. 25.-The International Monetary
Conference resumed its sitting this morning. lhe
proposals made by the American delegates TO the
Conference at Yesterdays session were printed In
parallel columns one in English, the other IN
French and were to-day distributed among ali
the delegates each receiving a copy as he entered
the conference room. The proposals SUBSTANTIALLY
say
1T is generally admitted that very large de-
probation of silver as compared with gold and
freauent violent fluctuations Of gold and In the
price of silver incident thereto have been injurious
TO the commercial and other economic interests
of all civilized countries, and have caused ana
are causing serious evils and inconvenlenceS 10
trade the full extent of which cannot yet be
measured 1t is the unanimous opinion OF the
people Of the United States that the establish
mont Of iixity of value of gold and silver, and
the full use of silver coin metal, upon ratio
fixed by agreement between the great commercial
nations of the world will greatly promote the
prosperitv of all classes of the people. They,
however are not unaware of the fact that puohc
opinion in some other countries whose co-opera-
ton in successful movement is most desirable
is not fully in accord with the American views OF
the practicability Of such an agreement lhey
believe that a sentiment in favor of larger use
of silver is steadily growing throughout the world
and that the time is proptlous for holdlhG an
international conference 10 consider the suhlect
Tho Government OF the United States, while
frankly disclosing its own views of the proper
remedy to be applied, does not wish TO impose
any conditions that will embaraSS any 6oVern-
ment willing TO confer on the question of the most
advantageous relation of silver to the coinage of
ri - cf, ,lo tnI
for these reasons, proposed convention of the
Powers for the purpose of comforting and de
tcrmininc what means, if any. should be taken TO
increase the use of silver as money The United
States DELEGATES in conformity with the general
purpose of the Conference. submit the following
resolution:
That in the opinion Of conference It is desirable
that means be increasing the use OF silver In the
currency systems o. tie nations q the world
In presenting as requested further pro-
rramme. the delegates of the United States con-
slider il due to other Nations that an opportunity
be afforded them TO consider plans other than
thos,a favored by the United States. 1t is our de-
sire and expectation that the Powers represented
submit proposals looking to this end. We desire
that these proposals shall have precedence IN dis
cusSion.
4 In addition 10 other plans that may be pre-
sented we submit the following, which arc sur-
oested by recognized authorities: First. the plan
which Moritz Levi proposed at tie Conference of
1881: second, the plan Of Professor Soetbecr; and
lastly, our own plan
The Government of the United States believes
that the rc-establishment and maintenance Of a
fixed parity between gold and silver and the con-
tinucd use of both coined money of full debt
paving power would ne productive OF important
benefits to the world
These erds will be accomplished by the re-
noy-al of the legal restriction now existing, and
1e coinage of silver into full lcgal-tendcr money,
restoring by international agreement "A parity OF
value between the metals at such ratio as
the conference may decide upon. The essentials
of such al international arrangement should he
First The unrestricted coinage of both gold
and silver into money of full debt-payng power
"Sccord Fixing ratio in the coinage between
the metals.
"Third The establishment Of a uniform charge
if any, to the public for mining eoId ana S"N''
coins"
In explaining the position Of himself and ms
colleagues, Senator Allison said that while they
came representing the Government Of the Unl'ed
States. and favori1g the bi-metallic plan, they
were willing 70 discuss any plans calculated 10
promote an increase in the value of silver puliioh'
With singular unanmity, he said, the people OF
the United States were in favor OF the Tree
mintaqe of silver 1t was to their interest, as
well rs 70 the interest of the other Nations OF the
world 10 secure under an International agree
mont stable standard OF value 80
Sir Charles Rivers Wilson, speaking ior "rclV
Rriain aid that the British delegates adhered 10
tbe American resolution which was ready the OASIS
ON which the Conference met e.,
II Jirard Of the French dclcgdIlOh' Sdlu ne
tl,1urht that the method OF PROCEDURE propo'rd p5
flo Americans was peculiar. HE inted S'ateS
Goyornment convOked the conference, ana inc
American delegates were naturally lV"Kcd 10 i"
ihn nrogramrnc and proposals. The statement
now submitted placed IN the handS ol !nc
dnIcoatps onN on their entering the cial.ner 'hls
afternoon They had not. therefore, mao an "P'
,crtunit, for considering II III all OF ITS bearings
iIn wished 10 say, however Tor hlh9Il ana MS
colleacucs that they had com" 20 the tonlcIclce
with IN earnest desire 20 consider InoSt c0idIaIN
oycrv nropoeal ten ling TO rchablItaic siNcr.
Tho Austrian and German delegates lhuha''d
that they had been instructed 10 Say % Via' ,|n'S |
could not assent 10 any modification OF their eNist
go ronot1rv laws Tho Dutch, Spanish ana
Wcxican delegates stated that they were r'aly 10
,o.c fayorabV on the American resolution, VIM,
fbo Puesian Italian. Rum1nlan, SWISS ana "iccN
DELEGATES declared that undc: 'clI us, .io' I'm
tbcy were not permitted 10 Vot" on tiie f'spuipii'
Mo Conference ultimately rcsOING.i III a'cpi.
ercc with the request of S'n2tof AIllsoh' - P',
no ,cti,n on t'c American proposals ana -
nv Alfred dc Rothschild, Of the BrtiS' u'ic..II
lion Of which 4 printed copy VIII be cir'u'a''u
Tho American delegates express thcmSelNc9 ~
,.;r.1- on.isGcd with the result OF to-day : pro,
.naIinGGe Tho other delegates express 2ciciai
satisfaction with the American programme
THE ENGLISH DELEGATES IN A HURRY