Crawford avalanche. (Grayling, Mich.) 1879-19??, 1892-12-01

but no power to take final action. The
deliberations will in all likelihood be
conducted In the English language. The
American delegates will argue for BIZ
metallism, and it Is likely that our most
bitter opponents will be the English
delegation, who believe that we are
making a grievous error in purchasing
4, 500, 900 ounces of silver a month. They
think that to stop coming this great
mass of silver dollars monthly would
drive more bullion abroad, and In that
way favorably affect the silver market.
No proposition looking to IN indorse-
ment OF free coinage Of silver will prob
ably be submitted by any of the Ameri-
can representatives.
Importance OF the Conference.
The conference will have the co-ope-
ration OF all the leading nations. 1t lie
likely to be far more important than
any monetary conference OF recent
years. The conference held ut Paris
during the Exposition OF 1888 was not
vested with any authority and was pro-
ductive Of no results. A conference
was held at Washington last year OF
the Pan-Amerjcan countries. butt 1t re-
lated merely to devising methods for
securing a common coin, and its work
was fruitless, because the scheme was
impracticable. The present conference
will represent every shade OF national
views. There will be England and Ger
many, which are upon a gold basis. and
Aus ria, which Is passing through the
conditions necessary to bring 1t to the
came basis, silver having been demon
etized. France and the other countries
OF the Latin Union, which maintain q
ri ~ hat ha fUn
limiting The silver coinage, will be fully
represented. India, which is suffering
financial commissions because of Its sill
yer basis, will have its own representa-
tives, although Great Britain will die
tate its policy. Mexico, which is on q
purely silver basis and has a large
direct trade with Europe. may help In
solving the problem.
Many suggestions have been made
for the guidance OF the conference. The
| one which has been most discussed
among financial authorities Is the
proposition OF DR.. Seytbooer, the en-
inent Austrian publIcist. He has sug-
gested an agreement by which the
countries taking part In the conference
should limit silver coinage to certain
| small coins, none to exceed in value the
| twenty franc piece. 1t is stated thai
while silver could not thus be placed
on a parity with gold, 1t might be
| maintained at ratio OF about twenty
| to one. The actual commercial ratio h
| now about TWEEN y-four to one. The
coinage ratio in the United States ID
sixteen to one, In the Latin Union and
most European countries fifteen and Q
half to one, and in India fifteen to one
DIR. Seytbooer's plan Is declared by
| those who have studied IL to be too In
tricate to meet with general adoption
| The whole aim OF the Brussels confer
ence will be directed toward practica
measures, without seeking to revolu
tionize the existing relations OF gold
and silver, which could only be done b,
universal reconciliation.
The Foreign Delegates.
The delegates from other countries al
far as announced are as follows:
| Great Britain-Sir William Houlds
worth, M. p, for Northwest Manchester
Bertram Curne, partner In the bank o
Messrs. Glynn, Mills, Curne d Co.; 81
Charles Freemantle, X. G. B., Deputy
Governor OF the Mint.
Government OF India-General Rich
ard Strachey, G.. p. s., formerl.
member Of the Indian Council; Sir Gull
ford l.. Molesworth, X. G. /. K.
France-M. Tirard, formerly Minis
ter OF Finance and President OF Coun
Gil; NJ. l.. de Liron, high Official in thu
Department of Finance; M. de Faville
high official in the Department o
Finance.
observation-disclosures. Cramer, Ere,
and Lardy, Minister at Paris.