The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-26
UNCLE SANS PROPOSALS.

BRUssELs, Nov. 25.-When the interna-
tional monetary conference resumed it's sit
tings this morning the American commits
sioners presented the following proposals
in behalf of their government:
''It 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 silser
incidental thereto. nave been injurious TO
the commercial and other economic inter
ests of all civilized countries. and have
caused and are causing serious evils
aud Inconvenience TO trade, tue full
extent Of which cannot vet be measured
IL 10 the opinion OF the people OF the United
States. with singular unanimity, that the
re-estab blishment of some fixity of value to-
tween gold and silver. and the full use OF
silver as coin metal upon ratio to gold,
TO be fixed by agreement between thegreat
commercial nations or the world, would
greatly promote the prosperity of all class
es of the people. They are not unaware.
however, OF the fact that public opinion IN
some other countries. whose cooperation
IN a successful movement for such an agree
ment 10 most desirable, may not fully ac-
cord with the views entertained in tho
United States as to the practicabillty Of
such an agreement They believe. how.
ever. that the sentiment for the larger use
OF silver as money metal has been stead
lily growing throughout the world, and that
the present time Is propitious for holding
an International conference to considerthe
subject.
while frankly disclosing it's own views az
to the remedy to be applied. has not wished
to impose any conditions thst would en-
barrass any government that might be
willing to confer upon the most 8dvan--
tageous relation of silver to the coinage OF
the worlL. For these reasons the govern
ment of the United States proposed con-
ference with other powers Tor the purpose
OF comforting upon measures. IL any can be
taken, to increase the use of silver az
money. In conformity with the purpose OF
this conference the delegates of the United
States offer the following resolution;
Resolved. That. in the opinion OF this confer
enee, it is desirable that some measures should
be found for increasing the use or silver In the
currency system OF the nations
in presenting. as requested, q further
programme. to be laid before the confer
ence, the delegates of the United States
that opportunity be Afforded to them 90
consider plans for the enlarged use OF silver
money other than the one favored by the
United States. 1t ie our desire and expec-
tation that the powers 90 represented, OF
their delegates, will submit proposals TO
this end. and we desire these 70 have prece-
dence in the discussions In addition to
any plans of the kind which may be pre-
sented we submit for discussion the follow.
ing. which have been suggested by recog-
nIzed authorities. At the same time We
submit the general plan of bimetallism
which is favored by the United States:
"Firstly-The plan of Mr. Moritz Levy,
proposed IsS, 70 the monetary conference OF
''Secondly-The plan of the late Adolph
Soetbeer, (see Vienna Neue Freie Presse.
Sept 30, 1892; Hamburg lshe B9rsenhalle.
Aug. 2S, 1892; Pioneer Mail. Allshabad. Oct
IL. 1927
'Lastly-We present the plan proposed
by ourselves as delegates of the United
States: The establishment and mainte-
nance of fixed parity between gold and
silver. and the continued use of both a.
coined money of full debt-payIng power
would be productive of important
benefit to the world. These ends
will be accomplished by the re-
moval of the legal restrictions now
existing and the coinage of silver into full
legai-tender money, restoring, by interna-
tlonal agreement the parity of value be.
tween the metals. which existed prior TO
1871, at such q ratio as the conference may
decide upon. The essentials of such an in
ternational arrangement shonld be: The
unrestricted coinage of both gold and sill.
Yer into money of full debt-paylng power;
metals. and the establishment of q uni.
form charge. If any. TO the public for mint.
ing gold aud silver coins"
Tine plan proposed by the United States
commissioners cannot be discussed and
pronounced upon until many other propo-
sItions shall have been disposed of. The
general attitude of the conference, how
ever, leaves little doubt that the American
plan will be rejected. The German and
Austrian delegates are strongly against any
measure which would necessitate any
change OF moment in existing legislation on
the money question. SIR Z. Rivers Wilson,
one of Great Britain's delegates, started
for London tonight, presumably 10 get adj
ditional instructions from his government
England Wants to Hurry the Conference.
tCopyright. Iss2. by the Associated Press]
LONDON, Nov. 25.-Before the English
delegates to the international monetary
conference started for Brussels the in
structions given by SIR William Vernon
Harcourt. Chancellor OF the Exchequer, to
Sir c. Fremantle. the deputy master of the
mint. and Sir G. Rivers Wilson were to ex-
pedite tho deliberations and to favor con-
tinuous sittings daily, with the exception
of Saturdays and Sundays, so as to bring
the conference to an end within q few
weeks Sir William Vernon Harcourt had
learned that the American delegates
contemplated full discussion, with
time given TO all sides to prepare
arguments. statistics and facts, ana for
responding to their opponents. Th 10 course.
involving IS 1t did, an adjournment over
Christmas. neither met with the approval
of the English Minister nor certain of the
English delegates who are strong single
standard men. On the eve of the day the
delegates sterted for Brussels the reporter
learned from high authority that If the
conference was prolonged beyond three
weeks the leading English representatives
would return TO London. leaving the less
important members of the delegation to
watch the proceedings.
Private adsices from Brussels show that
Sir L. Rivers Wilson opened the opposition
to prolonged debates. As soon "a the dele
gates began their intercommu nicatlons
he objected 10 the proposal that President
Levi made on the suggestion OF the Amer
lean delegates. and supported by major
ity of the conference, that an interval of q
day for preparation be allowed between
each sitting. he reasonable remonstrance
that the delegates who spoke different
could not exchange views without an op-
portunity to study them, had no effect
upon the English determination TO hurry
through. Sir Z. Rivers Wilson and HE
colleagues only finally assented to Presi-
dent Levis proposal on finding that they
stood alone. The incident has created the
impression among the members Of the con-
ference and Brussels officials that the
British delegates want TO break up the
meeting or cause 1t TO fail to achieve any
definite result In the meantime they
have received . decisive check. A great
majority Of the delegates evinoe every de