The morning call., 1892-11-26
WORKERS IN SILVER.
America Submits Her Plan to the
Conference.
There Is Some Disagreement, But
France and England Look Upon 1t
With Great Favor.
Special to THE MORNING CALL.

BRUSSELS. Nov. 25.-The proposals made
by the American delegates at yesterdays
session of the Monetary Conference have
been printed in English and French, and
were distributed among the delegates when
the conference resumed sitting this morn
Ing. These proposals, in part, say: 1t Is
generally admitted tn at the very large de-
probation OF silver as compared with gold
and the frequent violent fluctuations in the
price of gold and silver incident thereto
are Injurious to the commercial and other
economic interests Of all civilized countries,
and are causing serious evils and incon-
venieDces TO trade. the full extent of which
cannot yet be measured. 1t Is the unani-
nous opinion OF the people Of the United
States that the establishment OF a fxity Of
the ratio of value of gold and sill
yer and the full use OF silver as a
coin metal upon the ratio fixed by agree
ment between the great commercial nations
OF the world will greatly promote the pros
perity of all classes Of people. They be-
lieve that the sentiment in favor of the
larger use of silver Is steadily growing and
that the time is propitious for an interna-
uonal conference on the subject. The Gov
ernmeut of the United States, while frankly
disclosing its own views, does not wish 10
impose any condition that will embarras
any Government willing 10 confer on the
question. The United States delegates, in
conformity with the general purpose Of the
conference. submit the following resolution: !:
Resolrsd, That in the opinion OF this confer
enee II Is desirable that means be found for In
cTeaSing the use OF silver I'm lie currency sys.
TENS OF the nations of tie world
The document goes on to say that il was
tho desire and expectation that the powers
represented at the conference would submit
proposals tending to this end and further,
that such proposals should have precedence
over those OF the Americans.
In addition to this the delegates submit
ted plans as follows: First, that which
MoritZ Levy proposed at the conference of
1881; secondly, the plan of Professor Soet-
ter. and lastly. the plan submitted by the
delegates.
In explaining the position of himself and
his colleagues, Senator Allison said that
while they came representing the Govern
ment of the United States and favoring a
bimetallic plan. they were willing TO discuss
any plans calculated TO promote the increase
in the value of silver bullion. He said 1t
was to the interest of the people OF the
United States, as well as those of other na-
tions, TO secure under an international
agreement stable standard Of value.
Sir Charles Rlvers-Wilson said that the
British delegates adhered to the American
resolution, which was really the basis on
which the conference met.
NJ IIerard of the French delegation
thought that the method of procedure pro-
posed by the Americans was peculiar. He
wished TO say, however, for the French
delegation that they come with the earnest
desire TO consider most cordially every pro-
pOsal tending TO rehabilitate silver.
The Austrian and German delegates in
timated that they were Instructed to say
that they should not assent to any modif-
cation of their existing monetary laws.
TIE Dutch, Spanish and Mexican dele
gates agreed TO vote favorably on the Amer
lean resolution. while the Russian, Italian,
Roumanian, Swiss and Greek delegates de-
clared that under instructions they were
not permitted 10 vote on the resolutions.
The conference ultimately resolved, in a c.
cordance with the request of Senator Alli-
son, to postpone action on the American
proposals until later. and to meet on Mon
day 20 consider the proposals submitted by
Rothschild of the British delegation.