New-York tribune., 1892-12-31

States. at a maximum price Of - pence per ounce,
| assuming that when tie price aav.l., "a beyond -
! pence ounce no purchases would Dee made A'
Europe but The purchase, Of the United states would
still continued. thus making ii flr the price TO
| be kept up beyo.d tho maximum limit, and thus fc-
! lieve Europe from au Obligation 10 purchase even
! the 3oc0JOOO ounces per aunum. Especially was u
| considered inadHl ille when The stat tic, oi Tie
purchases made by Europe for a pcrad Of five year,
last past disclose, the fact thar thcT had purchased
! an average q more .an 2O.O0OOOO ounces per
annum for their necessary subsidiary coinage, and
! that II IS likely that they Will require. al
least that amount annually in the future. The plan
| proposed would thus only obsate them TO Increase
their purchases 1OOCO. 900 cInces per annum. Willie
We should be obligated t. purchase 100000 ounces
per annum, which, II continued long enough. would
inevitably lead silver standard leaving them
in their present monetary situation.
"Other propositions suggested boxing to Il
monetary union which would embrace arrangements
for tie enlarged monetary Of silver, by subsh-
tuting silver for the smaller gold coins now largely
in circulation in England, in the Latin Union S'les
and In Germany. Then We sebated and considered a
proposition favorable to tie Withdrawal or these
smaller gold coins. hut 1t found Lat that would
involve a change III te monetary laws OF those states
This subject. hence, required much care in treatment
as to details; So you will readily that while this
proposition and others o)nng to the enlarged use Of
silver upon some equitable basis were discussed, IN
the nature Of Thugs it possible for any general
plan to lie formulated in . brief space Of time as
/ have already Indicated
The relations oi the sherman act to the general
question Of the adjustment OF monetary standards,
and the propositions for It's Immediate repeal having
been alluded 10 in the course conversation Senator
Allison asked Was there any discussion in the
conference respecting the question whether, in view
of the adjournment to MAY 3O the delegates from the
United States should in any woy pledge their govern
mcnt directly or indirectly to continue Tie condition
as regards the purchase Of silver3'
NO such pledge promise was in any way male
on the part of the United states" replied Senator Ali
/ son. "On the contrary General Strachcy one Of
the delegates from India, Who is also member Of
| the Royal Commission low considering the monetary
situation Of India respecting the continuance Of the
free m.ntago OF silver there and said that while
he was willing that the conference should be post
poned to as late a day May 80 lie wished 1t
understood that tho situation in India such that
the Government Of India must be lett free
TO act independently during the inter-
val WITH respect 70 her monetary policy
whereupon l stated 10 the conicreIce Oh behalf Of
the American delegates THAT as l understood tie
position OF the conference, until u monetary union
vas eheccd every government absolutely free TO
change that letlsation or In any way Change ia
monetary policy. and that the United states would
lauve changes in The meantime It's Interests nlrhl
require 1t therefore thoroughly understood t4At
seemed wise 10 he dole with respect 10 tie coinage Of
silver and the purchase VI silver ,,, -..
senator Allison was then asked; " what eApicS-
s.oas, Il any, were made in te conference 10 10 ue
probability cat any oi TIE Leading Nauohs ol Lniopr
willing to open Ieir miats Tor the free coihase oi
silver upon an agreed r"ti"' On lIc Coidlu"" t~'
The United btJte5 would also open r MINIS ior lEc
free cOiuag ge Oi silver upon lac same rduo
lie replied: In tie early days Of the conference
/ the German delegates announce ini PcflanN WIS
satisfied with is present monetary policy, ana tilt
It's de.c gates not authorized % adVon" or N'tc
a I|gF tef.t 4 1
policy. Later sir Rivers NlsOn, deesat" from j. T.
iand, stated i-at i-ns.aAd toot tAt & 1eePosI pc @
any In ,, ar ~, ~ Ter t.e ~ nioncy but
ioHc pr.yoiIed She was satisfied and not prepared
70 change that policy. etl later Mr.. I!rard tie
nrst delegate from France, "AO also was authorized
as he stated, 10 speak Tor tie Laun Union states,
said that in view Cl what had been said 1y England
woad the Latin Jnion States be prepared 20 consider
Tie question e.: ths reopcn-ns cl tAelr mint 10 the
lsso mln'ag. q liver; that france nov, although
jst slEa in her domestic ,-,,; ceTlat ,a ttG to9
Tor her international exchange, an ample supply o..
gold TO keep her paper and PVT ne. money ul =; T'r
had produced some inconvenience IL france s's
was perfectly satisfied T,ta ler peseht snSB ni0ng
so!d for ali her domestic ana international wants :
hat situated a SIZE was p me En- as s,o OF T,
surrounding her. she would not consent to an increase
/ ana Germany were willing 10 90 their part in me
/ direction Of uph0d!ng silver 1Ans II may BE- i"'|
Fgrope sgccesvcy in tie conference declared them
selves as not being ready al tbs time 70 open tAsi
, lied ST. Triard stated that France now hid The
LARGEST amount Of full lcsltcndcr silver IL reserve
ana OF tie European s,ae, Which Is larsor amount
per capita OF her pop a-9n tAan Is 9oT % 4ed 10y ~.
tie form Of leg trid p I.ter dolla.s. IN So II -
| moYts made 4 clear 10 tAc American delegates i'a
Ia and HIN OIL 81.