St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-26
Presented to Members Of the
International Monetary
Conference.
Senator Allison Asks That
Other Plans Be Also
Presented.
Monday ProposalsWill Be Sub
mitted by a British
Delegate.
English Influences Trying to
Break Up the Con-
ference.

BRUSSELS, Nov. 25.-The lnterna-
tional monetary conference resumed Its
sitting this morning. Senator William
B. Allison and Senator John p. Jones
set forth the American suggestions,
basng them on a general view of the
monetary situation in the United States
and in the countries represented in the
conference. Alfred de Rothschild Will
submit suggestions on behalf of Great
Britain.
The proposals made by the American
delegates to the monetary conference
were printed in parallel columns, one
in English, the other in French. and
were today distributed among the dele
gates, each receiving a copy as he en-
tered the conference room. The pro-
posals substantially say:
1t is generally admitted that very
large depreciation of silver, as com
pared with gold within the last twenty
years, and the frequent violent tiuctua-
tions of gold and i'll the price of silver
incident thereto, have been injurious
to the commercial and other economic
interests of all civilized countries, and
have caused and are
Causing Serious Evils
and Inconvenience to trade, the full
extent of which cannot vet be measured.
1t is the unanimous opinion OF the peo-
pie of the United States that the estab-
lishment of tiXity Of value of gold and
silver and the full use of silver as coin
metal, upon ratio fixed by agreement
between the great commercial nations
of the world, will greatly promote the
prosperity Of all classes of the people.
They, however, are not unaware OF
the fact that public opinion in some
other countries, whose cooperation in
successful movement is most desirable,
is not fully in accord with the views of
practicability of such an agreement.
They believe that sentiment in favor
of a larger use Of silver is steadily grow
ing throughout the world, and that tie
time is propitious for holding an inter
national conference to consider the sub
ject. The government OF the United
States, VIII lie frankly disclosing its own
views of the proper remedy to DC APP
piled, does not wish to impose any con-
ditiOns that will embarraSS any govern
ment willing to
Confer on the Question
of the most advantageous relation of
silver to the coinage of the world. The
government Of the United States, for
these reasons, proposed a convention OF
the powers for the purpose OF confer
ring and determining what means, ii
any, should be taken to increase the use
of silver as money. The United States
delegates, in conformity with the gen
eral purpose of the conference, submit
the following resolution:
80 hat in the opinion of this confer
ence, 1t is desirable that means be
found for increasing the use of silver In
the currency systems OF the nations OF
the world"
In presenting, as requested, a
further programme, the delegates of
the United States consider it due to
other nations that an opportunity
be afforded them to consider
plans other than those favored
by the United States. 1t is our
desire and expectation that the
powers represented submit proposals
tending to this end. We desire that
these proposals shall have precedence
in discussion. In addition to other
plans that may be presented we submit
the following. which are suggested by
recognized authorities.
First, the plan which MorltZ Levi
proposed at the conference of 1881; sec
ond, the plan of Prof. SOetter; and,
lastly, our own plan.
"1he government of the United States
believes that the re-establishment and
maintenance of a fixed parity between
gold and silver, and the continued use
both
As Coined Money
of fun debt-paying power would be
productive of important benefits to the
world. These ends will be accom-
plished by the removal of the legal re-
strictions now existing and the coinage
of silver into full legal tender money,
restoring by international agreement
parity of value between the metals at
such ratio as the conference may de-
eide upon. The essentials of such an
international arrangement should be:
First The unrestricted coinage of
both gold and silver into money of full
debt-paying power.
''Second-F'iXing a ratio in the coin
age between the metals.
''Third-The establishment of uni
form charge, if any, to the public for
mintng gold and silver coins"
In explaining the position of himself
and his colleagues Senator Allison said
that, while they came representing the
government of the United States and
favoring the bi-metallic plan, they were
willing to discuss any plans calculated
to promote an increase in the value of
silver bullion. With singular unanim-
ity, he SAID, the people of the United
States were in favor of the