New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-14
GREAT BRITAIN,S ATTITUDE.
HER POLICY IN TIE MONETARY CONFER
ENCE DISCUSSED.
CRITICISED BY SIR GUILFoRD WORDSWORTH AND
DEFENDED BY SIR c. RIVERS WILSON

DEfE E>LED Di SIN - iiNi isi'o NAi"'C-N
SENATOR JONES on BIMETALLIsM
Brussels Dec 13.-At the sitting today of the Inter
national Monetary Conference. sir Guford MolcS'
worth Of the two delegates representing
the Indian Government protested against the obsruc-
tons offered by the British delegates at this and pre-
vious Conferences. But for the tactics employed by
the representatives OF Great Britain the currency qes
ton would have been settled long lie declared
that the s.suatioh In Great Britain had greatly
chan sed since % the date OF the first meet
Ing Of the Conference and he suggested that the Con
ference adjourn for few weeks 10 enable the Brlush
Government TO reconsider the whole question.
He gave as the reasons for tho change In the tua-
ton In Great Britain the statement IN favor OF bi-
metallsm made by Archbishop Walsh. OF Dublin The
resolutions adopted BY the Agricultural Conference
held a few days ago In London and the petitions ior-
warded to the Government By varbus chambers OIL
commerce.
Sr C. Rivers Wilson. an English delegate, replied
at length to Sir Gulford Molesworth's attack upon
the English representatives. The action OF the dee-
CATION for Great Britain. he said had been interpreted
Incorrectly. The object OF his recent speech was 10
facilitate business by enabling the Conference TO under
stand the position taken by the British Government.
The English delegates lad not come 70 discuss tne
general question Of bmetalisn, which DID not serve
the purpose for which the Conference was called
Senator Jones made a long address on blmetahsm'
reviewing the history OF the question at great length
He argued from this history that the Increase OF
silver production had led to the revival OF Industry ana
commerce The characterization of silver had caused
q disastrous fall OF prices throughout the cNlh@cd
world The prosperity Of every country depenaea upon
the stability OF the value OF its money. The unin-
terrupted employment Of the people could be accom-
plished only through the instrumcntaty OF time con-
tracts which often deferred the date OF payment 'or
many years An increase in the value OF the money
ON which the terms Of contracts were based oo.e
down crushingly upon employers, who saw all o'eir
foresight thwarted by subtle and nexpncaoe chahge
Such phenomena followed by the sensation Of
work and enterprise and enforced ideness upon the
labOnng classes.
Senator Jones then spoke of checks, certificates and
other substitutes for money. Even II used 10 the
utmost they could bring permanent relief OF the
present situation. They were mere narcotics. only
the reconciliation OF silver would be an adequate
remedy ,enator Jonrs's speech was listened TO Win
close attention by the Conference despite the fact that
il was nearly two hours long l.,
Washington, Dec. 13.-rhe statement IS made IN
Mgh official circles that the international Monetary
Conference at Brussels Will within few days adjourn
TO meet in March April OF next year No result Is
expected TO secured at the present session OF The
Conference.