Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1892-12-03
MONETARY CONFERENCE.

Proposal of the United States Submitted
TO the Dele cgates-Morc Silver Favored.
BRUssErs Nov. 28.-The proposals
made by the American delegates to the
conference were printed in
parallel columns, one in English, the
other in French, and were on Friday
distributed among the delegates, each
receiving n copy us he entered the con-
ference room. The proposals substan-
TALLY say:
1T is generally admitted that very large de-
probation of silver as compared with gold and
the frequent violent fluctuations o. gold and
the price OF silver incident thereto have been in
furious TO the commercial and other economic
interests OF oil 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 q
fixity OF value Of gold and silver and the full
use OF silver as coin metal upon ratio
fxed by agreement between the great
commercial nations OF the world will
greatly promote the prosperity of all classes
Of the people They, however, are not
unaware Of the fact that public opinion In
some other countries whose cooperation in o
successful movement Is most desirable is not
fully in accord with the views Of the practica-
q sentiment in favor of n large use of silver is
steadily growing throughout the world, and
that tho 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
any conditions that will embarrass any govern
ment willing to confer on the question of the
most advantageous relation OF silver to the COIN
age of the world. The government Of the United
States for these reasons proposed by a conven-
tion of the powers for the purpose Of comforting
and determining what means, II 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. SUBJ
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
ma tions OF the world
1.-THE government OF the United States be-
heves that the reestablishment and mainte-
nance of fixed parity between gold and silver
and the continued use OF both as coined money
of o full debt-payiDg power would be productive
of important benefits TO the world.
"Thcse ends will be accomplished by the re-
E.oval of the legal restrictions now existing
and the coinage OF silver into full legal tender
money, restoring by international agreement q
parity of value between the metals at such q
ratio as the conference may decide upon The
essentials OF such an international agreement
should be:
~ The unrestricted coinage of both gold and
silver into money of full debt paying power.
''2. Fixing ratio in the coinage between the
metals.
-. The establishment OF a uniform charge,
II any, to the public for minting gold and silver
coins"
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 We're in
favor of the free mintage of silver II
was to their advantage, as well as tC
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 u silver-producing country, he
| said that the silver products amounted
| to only $50, 0OO,0 while other pro
| ducts represented an annual value o,
| SIS, 900, 900, 900.
| AiNCio
| for Great Britain, said that the British
| delegates adhered to the American
resolution, which was really the basi.
| on which the conference met. Tht
| principle therein was set forth in tn,
invitation issued by the government o
the United States, and the presence o
delegates from the countries invited
implied the acceptance by those coun
tries of that principle.
| The Austrian and German delegate
intimated that they had been instruct
ed to say that they could not assent I,
any modification of their existing mon
etary laws.
The Dutch, Spanish and Mexican del
egates stated that they We're ready t
vote favorably on the American resolu
tion, while the Russian, Italian, Rou
manian. Swiss and Greek delegate
declared that under their instruction
they were not permitted to vote ON tn
resolution.
The conference intimately resolved
In accordance with the request of Ser
ator Allison, to postpone action on tn
American proposals until a later stag
of the proceedings, and to meet o
Monday to consider the proposals sui
mitted by Rothschild, of the Brit;s