Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1892-11-26


American commissioners;
Eject of Silver depreciation.
ut IS generally admitted that the very
large depreciation Of silver, as compared
with gold, in the last twenty years, and
the frequent and violent fluctuations of
silver incidental thereto have been in
furious to the commercial and other eco
nomic interests of all civilized countries,
and have caused and are causing serious
evils and Inconvenience to trade, the full
extent Of which cannot yet be measured.
1t is the opinion of the people Of the United
States, with singular unanimity, that the
re-establishment of some fXity Of valrs
between gold and silver, and the full use OF
silver as a coin metal upon a ratio to geld
to be fixed by agreement between the greet
commercial nations of the world, would
very greatly promote the prosperity Of all
classes of the people.
Bclley the Time Propitious.
"They not unaware, however, OF the fact
that public crinion in some other countries
whose cooperation in a successful move
ment for such an agreement is most desir-
able, may not fully accord with the views
entertained in the United States as to t'.e
practicability of such an agreement. They
believe, how ever, that the sentiment --r
the larger use of silver as a money met"l
has been steadily growing throughout the
world, and ,hat the present time is p4J-
pitious for holding an international confer
ence to consider the subject.
A esolution Proposed.
"The government of the United States,
while frankly disclosing its own views as
to the remed- to he applied, has not wished
to impose any conditions that would en-
barass any government that might be
willing to confer upon the most nd
vantageous relation of silver to the coinage
of the would. For these reasons the gov
eminent of the United States proposed
convention OF the powers for the purpose
of comforting upon what measures, if any,
can be taken to increase the use Of silver
as money. In conformity with the purpose
of this conference the delegates of the
United States OFF, the following resolu-
ton.
Resolved-That, in the opinion OF this con-
ference it is desirable q at some measures
should be found for increasing the use ofsilye-
in the currency system of the nations.
Some Other Plans Suggested.
ain presenting, rs. requested, a further
programme to Toe laid before the confer
ence, the delegates of the United States
cOnsluer IL uue 10 oOheT ntLtIOnS TepTeSenteu
that opportunity be afforded to them to
consider plans for the enlarged use of silver
as money other than the one favored by
the United States Il is our desire and ex-
pectation that the powers here represented,
or their dele .sates, will submit proposals
to this end, and we desire these TO have
precedence IL the discussions. In addition
to any plans of the kind which may be pre-
sented we submit for discussion the follow
ing, which Lave been suggested by recog-
nized authorities; at the same time we sub
NIT the gene al plan of bi-metallism which
is favored by the United States: Firstly,
the plan of ldr Moritz Levy proposed to
the monetar. conference of 1881. SeconC4y,
the plan of the late Adolph Soetbeer t2e
Vienna Nue. Freie Pres,se, sept. so, 1882;
Hamburgiscle Boersenhsllc, Aug q, 1899;