The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-11-26
THE MONETARY CONFERENCE


BRUSSELS, Nov. 25.-The International
Monetary conference resumed its sttipgs
this morning. Senator William L. ALI
son and Senator John P. Jones set forth
the American suggestions, basing them
Oh general view of the monetary stu
alton in the United States and in the
countries represented in the conference.
Great secrecy is observed concerning the
American proposals. NJ. Montefiors Levi,
president of the conference, objects posi-
lively to anything in regard to them being
published MIR. Alfred dc Rothschili will
submit suggestions on bebalf of Great
Britain
The American delegates submitted a
resolution declaring that in the opinion
OF the conference it's desirable that means
be found for increasing the use OF silver
IN the currency systems OF the nations.
A document prepared by the American
delegates and presented with the resolu-
alon explained that they wished an oppor-
Sunity 10 be afforded to consider their plans.
Al the same time they submitted the gen
eral plan of bimetallism offered by the
United States, showing drst that a re-
establishment and maintenance OF II fixed
parity between gold and silver, and the
continued use Of both as coined money of
luil debt-paylng power, would bs produc-
tive OF important benefits to the world.
II,
France, Holland, Spain and Mexico fav-
ored the plan of procedure proposed by
,he American dele4 ates. The Austrian and
German delegates lntimated that they had
been instructed to say that they
would not assent to any notifications of
their existing monetary laws, while the
delegates from Russia, Italy, Roumania,
Switzerland and Greecs declared that
under their instructions they were not
permitted TO vote on tho resolution.
The conference ultimately resolved in
sccordance with the request of Senator
Allison, TO postpone action on the Ameri-
Can proposals untfl a later meeting aud
50 consider the plans submitted by Mr..
Albert de RoGhschild of the British dela-
CATION.
LONDON, Nov. 25.-Private advices from
brussels anent the monetary conference
slow that Sir c. Rivers Wilson opened
the opposition TO prolonged debates. He
objected to the proposal that President
Levi made, on the Suggestion of the Amer
lean delegates, aud supported by major
lty OF the conference, that an Interval OF
one day for preparation be allowed be-
tween each sitting; that the delegates, who
spoke different lan nguages-Euglish, French
and German-could better exchange views
alter an opportunity TO study. Sir Z.
Rivers Wilson and his colleagues only
finally assented TO Pres >lenb Lewis pro-
incident has created an impression among
the members of the conference that the
English delegates want TO break up the
meeting, and, if that fail, to prevent any
definite result In the meantime they have
received decisive check
The representative of the Associated
Press in Loudon had an interview with
Mr.. 5. Dana Horton, VINO is new IN Brus.
sells III consultation with ths delegates. He
SAID that the out and-out friends OF silver
We're undoubtedly moving forward and
recruiting adherents. Yet, SO far as the
conference was concerned, there would
probably be more hope than promise of
Immediately favorable results. Some Of
the delegates. especially among the Eng
Iish, think the meeting premature, and
that dlscredit Will arise from its theoretic
proceedings. The game is long. and its
movements must be careful. Mr. Horton
further said that the conference woul ID
test the growth of EDUCATION on the suo-
rSgC on the continent