The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-09
THE MONETARY CONFERENCE.
PRESIDENT ANDREWS SpEIKS ON orr
FYNiNtTIL POLICr.

We viii Not Forever Continue Alone the
Task OF sustaining the Price of silver
We VIII Not Give Up Our Gold and Our
Monetary Policy VIII Not Re Changed
with Mr. Cioveiand's Copsent-A New Plan.
BEussErs, Dec. S-Prcsident Andrews OF
Brown University delivered an address In tho
International Monetary Conference this al
ternoon on the monetary situation in America.
Mr.. Andrews said lie hoped the idea that
America was bent only upon increasing her
national wealth and that she was merely act
ing as the servle creature OF mine owners
might forever he dismissed as being equally
as absurd as the idea that American interest
was mainly duo to the distress affecting the
American monetary system. 1--WE have not"
he added. and are not at present likly to
have n dollar in silver beyond our moods in the
United States We have no idea Of soliciting
any favor from the peoples OF Europe. What
we desire is as much 20 Europe's interests AS
to ours We wish to multiply our trade with
the world. to do vastcr business with China.
japan. and Central and South America. and
at the same time with Europe. This Will
mover be successfully ccomplshed so long as
two great groups OF nations continue to DRIFT
apart. Tho evils OF nuctuating exchange
which beset England In her com merce with
our nearest neighbors but we are determined
not to accomplish desirable end at the terri
bic cost OF opening n similar chasm between
ourselves aud the nations OF Europe. We will
1art company with Asia and South America
rather than with you. We will not forever
continue alone the ia SIX Of sustaining the price
OF silver. II Eurore is not enough interested
In the matter to cooperate wi III US eWlil
soon decrease our annual purchase OF silver
~ ~ hog n n
is nearly certain to open procedure in that d.
timo.honersd moneta rI roiley u tho rni,ed
States will never be changed with Mr.. CieVe-
referring to the tariff. President Andrews
said 1t was obvious that there. WAS no surer
way to lower the American tariff than Tor F.u-
policy favorable TO silver as n money That
alone would abate. the incessant contlict for
generous reduction in the customs tariff.
President Andrews closed BY saying that he
eqeh hs q sS nnsa II the Ss
gates continued their dclihnrliinns with due
sense OF ;heir responsibility the Conference
The address was listened IL with interest
and some tokens Of apnr2'Sal;, Ihe BeIg,an
for an International aereemsn, for tbs, pur;;
chase under n common account of stocks OF
silver against which treasury potos shall DO
issued Dy tho contracting States aot which
chased or modify its existing currency leGs
shall have intsrnationsl eifoula,on H. Raj
falovitch. ono Of the Russian delegates. de-
ear.d that he aa not beeve that under the
msps to sn1 relations between gold
sideraely disturbed the euunnin,ity Of the
Il s tho ohsr Side anu u
NJ. Beernaert. The Belgian Minister Of FL
nT pane says he is TAR from dsspairinE Of o The
He believes the Conference will continue in
adjourn Until MAY for real and decisive bust
ness. Many Of tho delegates he adds and
especially the Germans. VIII apxionsy await
The sitting OF the Conference was prolonged
gates. Most 81 the time was occupied with the
discussion Of the principles Of monometallism
Delegate Boissevain for the Netherlands.
said that the United States could not be held
il his Tay s1s S the fall Of 6G
but was brought about aitifcially Legislation
cause, sea. q" ii. trouble. TEe United states es Eng
land. and India held the KEY to tho present sit
tries to make n strong and united effort to re-
hahiitate the white metal.
Delegate Ra!1aIovitch for Russia said that he
shared the views OF Bsrtrnm Currie in favor of
III recommendation. Delegate Lerpn for Italy ex-
pressed his regret thai the Itothschiid pro-
rosal had been withdrawn. Although II mono
netaist. he was in favor OF some compro-
mise. MS no one could deny that the present
situation had elements OF embarrassment. If
not danger.
Delegate Frey from Switzerland. whio aI-
hitting that international him rtniii SIN was the
only means OF rehabilitating silver. said that
the remety was impossible. No adequate
plan for international himotallism had been
proposed and even il such were formulated. it
would have little prospect OF sufficiently gen
eral approval
Delegate Weber for belgium made a strong
monometa!istic speech.
The Conference adjourned until Saturday.
Tho date OF tho special committee meet ing Tor
the consideration Of the Tiedgen and Houids-
BERLIN. Dec. S.-The bimetaliists In the
Eeichstag will interpeilate the Government as
to the attitude Of the German delegates to the
Brussels Conference Tho Government will
probably repeat its former declaration that Tho
delegates are to act in harmony with tho Eng
liSh delegates.
LoNLoS. Dec. 2-The Right Hon. Henry Chap
lin proposes to make motion in the House Of
I onmon3 declaring in favor Of bimetaliism.
lie hopes to strengthen the existing bimetal-
lie party in the House by the larger part Of
the Irish vote. which has been influenced by
the recent statement Of Archbishop Walsh OF
Dublin in favor OF hime tallism.
The Times says that tho nest friends OF tho
british aGr !tIrist will read the proceed
ings VI Yesterdays conference with deep re-
gres Bimetallsm ." It adds. with protac-
Ton. IL an experiment that no amount OF fair
ord ~ M tha lt,t ,,t