The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-14
THE MONETARY CONFERENCE.

England's Attitude Criticised by an Easr In
dian De-legate-Senator Jones Speaks.
BRUSSELS. Dec. 13.-At the sitting to-day
of the international monetary conference
Sir Guildford Houldsworth, one of the
two delegates representing the. In
dian government. protested against
the distinctions offered by the Brit
ish delegates at this and previous
conferences. But for the tactics employed
by the representatives of Great Britain the
currency question would have been settled
long ago. Sir Guildford declared that tho
situation In Great Britain had grestly
changed since Nov. %, the date of
and he suggested that the conferences
adjourn for u few weeks to enable the
British government 10 reconsider the whole
question. lie gave as reasons for the
change in the situation In Great Britain
the statement in favor of bimetallism
made by Archbishop Walsh. of Dublin. the
resolutions adopted by the agricultural
conference held a few DAYS ago in London,
and the petitions forwarded to the govern
ment by various chambers of commerce..
Senator Jones made a long address on BIZ
metallism, reviewing the history of the
question at great length. lie argued from
this history that the increase of silver pro-
duction had led TO the revival of Induetry
and commerce. The characterization or sill
YER had caused a disastrous fall of
prices throughout the civilized world.
The prosperity of every country depended
upon the stability of the value of its money.
The uninterrupted employ ment of the pso-
ple could be accomplished through the in-
strnmentaIity of time contracts which
often deferred tho date OF pay
ment for many years. An increase in
the value of the money on which the terms
of contracts were based. bore down
crushlngly upon employers who saw all
their foresight thwarted by a subtle lnex-
plsInable power. Such phenomena were
followed by the suspension OF work and en-
terprise and enforced idleness upon the
IaborinR Glasses. Senator Jones then
DETECTED OF to the subject OF
checks. certificates and other substi-
utmost they could bring no permanent re-
lief of the present situation. They were
mere narcotics. Only the reconciliation of
silver would DO an adequate remedy. Sem
close attention by the conference. despite
the fact that it was nearly two hours long.
Proposed New Cardinals.
ROME. Dec. 1a-information has been re-
ceived from confidential sources that the
Pope intends TO raise to the cardinalate the
following-named prelates: Mgr. G.. X.
Megnan. Archbishop of Tours. France;
Mgr. L. b. C. Thomas. Archbishop of Co.
logne. Germany; Mgr. ID. Kopp. Prince
Bishop of Bresiau; Mgr. G.. Nassary.
Archbishop OF Grau aud primate Of
Hungary; Mar. Benito Sanzey Fores. Arch
bishop of Seville. Spain: Mgr. l.. Calm
berte. Pspai nuncio at Madrid; MGR. Per-
sico. Secretary of the Propaganda: Mer-
cenni. Under Secretary of State. Another
ccnsistory will be hello in March. when it
is said the Pope will give red hats TO Mgr.
Stoner. Mgr. Jacobim. the Archbishop of
bordeaux. and Archbishop Corrigan. of
New York.
Priestly Intimidation Denounced.
DUBLIN, Dec. 12-At q meeting of the
National Federation held today. Dr. Jo-