The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-11-26
AMERICAS PLAN SUBMITTED.
coLpLY RECEIVED NJ TIE MONETARY
CONFERENCE


CONFERENCE.
pe,eeates or other Nations Rerase 70 Con.
slider This Scheme OF Bimetsiiism Until
They Have ConswIted Their Governments.
BRUSSELS. Nov. 25.-At the meeting OF the
1nternationa! Monetary Conference to-day.
Senator William B. Allison and Senator John
J.. Jones sct forth tho American proposals. and
reviewed the monetary situation in the United
States and other countries represented In the
conference. Tho proposals follow:
1T 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 there
t.. have been Injurious to tho ommercial and
other economic interests al all civilized coun-
tries. and have caused and are causing serious
evils and inconvenience to trade. the full ex-
tent OF which cannot yet be measured. II Is
the opinion of the people Of tho United States.
with singular unanimity. that the reestablish.
ment OF some nxity OF value between gold
and silver. and the full use OF silver
as coin metal upon a ratio to gold.
To- be liked by agreement between the
great commercial nations OF the world.
would very greatly promote the prosperity "
Nil classes OF the people They arc not un-
aware. however. OF the fact that public opinion
In some other countries whose cooperation In
successful movement for such an agreement
is most desirable. may not fully accord with
tho views entertained in the United States as
TO the rractcabity OF such an agreement.
They believe. however. that the sentiment for
the larger use OF silver as n money metal has
Teen steadily growing throughout the world.
and that the present time is rropitious for
holding nm international conference to con-
slider the 81 beet.
The Government Of the United States.
while frankly disclosing its own views as to
the remedy to be urplied. has not wished to
impose any conditions that would emharrass
any Government That might he willing TO con.
Ter upon the most advantageous relation OF
reasons the Government Of the United SUITES
proposed q convention Of the powers for tho
any, can be taken Increase s The use 81 silver
s a money. In conformity with the purpose Q!
States the the United
E,.ss That in the opinion 81 hi, soptsrs1e.
nations ~ wv ''''"'' y '''A' " '"'
I'm presenting. as requested. a further pro-
delegates Of tho United states consider It due
to other nations represented that opportunity
enlarged use OF silver as money other than tie
nS p by TIE United TED states tR Is our
Tsproscnted. or their deieSates. S VIII Submit unit
have precedence in the discussions In I'D
presented. We submit for discussion the fol.
lowing. which have hcen suggested by recoe-
isseSsd s. sSs t{ni hs stssss ""''N IS
posed to the Monetary Conference Of 1881;
scfondy the plan enc Of The late Adolpn n SCOT St
e"s er! Ea sSosg.d ST. IL. 1 ise2
a. ss o ho y
the rssstabiish ment and maintenance OF,
nned nartty betye zen gold and silver: and thS
81 RHHsF sss'd to tn,
S ess'ns and the e coinage Of svsf into
.toss 0?ss rs;feof 81
tween, the metals WHICH existed prior to 1871
pon III. n %ay
srnngemepSt a,s sho on be: The unrestricted
coinage between tho metals. and tho estab.
lishment Of q uniform charge. II any. to the
,T!rard 4 d. French delesnton. WIG speaks
fsst eonsu i, s%s Ersnsl dS eSsrnmens and
most Of tho other delegates, who also declined
to give consideration TO the American pro-
GoSsrn;asnts ThereHpon the American dele.
gates decided to withdraw their proposals
leaves rh s lenSt ss The h
can plan viii be rejected The German and
Austrian strength against
Of. moment in existing legislation on the
Alfred DO Rothsehild Of the British dslega-
ton announced that he would propose to-
morrow to create an international syndicate to
sEpreSiation in the value Of the meiai.
English Influences are evidently busy in op-
aersSta: h Ip MAKE any concoa lment ts d
thu fnct that they mean II possible. to make
tho q nn IN
tho Conference Is 3, to enable tho British Gov.
TO as e ,b" shq
no agreement can be arrived at 1t is because
the problem is an inDsolub:e one
sa@sSly 10 get ia additional nssrSctons' from rom
the International Monetary Conference st
from WasiinEton. The reported attitude OF Of
Englands representatives. that OF active effort
%h shS oca Ssee as
yious dispatches had caused the impression
sonisrence the rroposals offered Yesterday
BY thu American G.. Gommissi%,ners were were; not set
s iSsir nHd to
itself; The commissioners were informed!
that the main purKose which the Goysrpmsnt
Of Stable reIatons bstwesn eod and sivsr It
the %n@n Of tho and no be-
q full use oil silver as coined metal,
Mt a ratio to DO fixed by an agreement be-
tween tho great commercial nations OF the
world would very highly promote the pros.
Eerity OF all the people OF NIL the countries OF
continued. tho duty o! the Commissioners
would lie 10 secure. II possible. an agree
ment looking to international binietal-
lism-t that is. the unlimited coinage OF gold
and silver into money OF full debit nay
mon to all the agreeing powers. The
Commissioners We're further instructed that
no arrangement would be acceptable to the
people or satisfactory to tho Government o.
the nited States which would by any posi-
billy place this country on q silver basis
while EuroreHn countries maintained the
single gold standard.
The plan OF Adolph Soetbeer. proposed b,
the United States delegates for discussion Al