Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-09
Through Prof. Andrews, His
Friend, Heard in the Mon
etary Conference.
THIS C0UNTRY'S POLICY
Will Never Be Changed With the
President-E Elects Consent.
AMERICA WANTS EUROPE'S TRADE,
Fer Which She Would Sacrifice That Of all
Other Continent&
NEWS FROM TIE EUROPEAN CAPITALS

BRUSSELS, Dec S-when the Interna
tional Monetary Conference adjourns at tn
snd Of next week It will probably leave the
respective governments represented to de
eide whether or not it shall reassemble il
January. The American and other bi
metallic delegates will try to obtain from
the conference o Recommendation Il
allow from year to eighteen
months to elspse before taking any active
measures toward changing the present cur
rency policy. The advocates Of this recon-
mendation have In view possible improve.
ment in the general monetary position,
They also hope much from the growth Of
bl-metalIism az q political force. The
Ection of the British Agricultural Confer
ence in London struck some of the dele
gates like revelation.
Immediately after the opening of the
body to-day NJ Allard, one of the Belgian
delegates, submitted q plan for an inter
national agreement for the purchase under
I common account of stocks of silver,
against which treasury notes will be issued
by the contracting States, none of which
will be obliged 10 coin the silver thus pur-
chased or modify its existing currency
legislation- The plan, also, proposes that
these notes shall have international circu-
lation.
Cleveland's Views Are Represented.
NJ. Raffalovitch, one of the Russian dele
gates, spoke briefly regarding the Moritz-
Levy plan. He declared he did not be-
ieve that under the present conditions any
international agreement to regulate the re-
lations between gold and silver is possibls.
Prof. Andrews, an American delegate,
who is President Of Brown University, was
invited - . Democrat and personal friend
of President-elect Cleveland, to inform the
conference a. to the probable attitude Of
the coming Washington Government toward
silver. Prof Andrews made an address In
which he said he hoped the idea that Amer
lea 10 bent only upon increasing her ma
tional wealth, and that she is merely acting
rs the service creature of mine-owners, would
forever be dismissed, a. being equally ss Sb
Iurd as the idea that American interest 10
mainly due to the distress affecting the
American monetary system. Continuing
Prof Andrews said:
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 peoples of
Europe. What we desire is as much to
Euro e's interests as to ours.
VIII Sacrifice South America for Europe.
We wish to multiply our trade with the
world-to do q vaster business with China,
Japan and Central and South America, and
1t the same time, with Europe. This will
never be accomplished SO long as two great
Rreups OF nations continue to drift apart.
The evils Of huctuating exchange which be-
Vet England in her commerce with India We
Rlao arDorienoe in our trading with our
nearest neighbors; but we are determined
not to accomplish a desirable end at the
terrible cost OF opening a similar chasm be-
tween ourselves and tho nations of Europe.
We will part company with Asia and South
America rather than with you. We will not
forever continue alone the task OF sus-
tanning the tprice of silver. II Europe ID
not enough interested in the matter 70 CO.
operate 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 will not give up our gold. The
time-nonored monetary policy of the United
States will never be changed with Mr.. Cleve-
lands consent.
Referring to the tariff, Prof Andrews
said il is obvious that there was no surer
wav to lower the American tariff than for
Europe and the United States to agree upon
policv favorable to silver as money.
That alone, he declared, would abate the
incessant conflict for gold and leave the
United States Tree to effect generous re-
duction In the customs tariff. In con-
sluGion, Prof Andrews said he thought
that some of the plans, proposed to the con-
ference are feasible, and if the delegates
continued their deliberations with q due
sense of their responsibility, the conference
will not fail to devise measure Of reliet