Los Angeles herald., 1892-11-26
| THE MONETARY CONFERENCE,
The British Delegates Try to
Break 1t Up.
Their Efforts in that Direction, How
ever, Promptly Checked.
Senators Allison and Jones Set Forth
the American Suggestions to the
Congress-Action Thereon
Is Postponed.
By the Associated Press.

BY the AsSOclateu PreSs.
LONDON, Nov. 25.--[Copyright, 1892,
by the New York Associated Press. i
Sir William Vernon Harcourt, chaucel-
lor OF the exchequer, instructed the
English delegates to the Brussels con-
fenence to expedite the deliberations,
80 as to bring the conference to an end
within few weeks. 1t is learned from
a high authority that if the conference
is prolonged beyond three weeks, the
leading English representatives will re-
turn to London, leaving the less i'm
portant members to watch the proceed
ings. Advices from Brussels show that
opposition to prolonged debates opened
with the English delegation, They only
finally consented to one sitting each
alternate day on finding they stood
alone. The incident created the i'm
preston among the members of the con.
ference and Brussels officials that the
British delegates want to break up the
meeting or cause it to fail to achieve
definite results. They have receiver a
decisive check, however, as the majority
of the delegates evinced every DISPOSE
ton to go thoroughly into the matter
until it is examined to the bottom.
BRUSSELS, Nov. 25.-The international
monetary conference resumed its sitting
this morning. Senator William B. Alli-
son and Senator John P. Jones set forth
the American suggestions, basing them
on the general view of the monetary sit.
uation in the United States and the
countries represented in the conference.
Great secrecy was observed concerning
the American proposals, M. Montefiore
Levi, president OF theyconference, C bject-
ing positively to anything in regard to
them being published.
The proposals by the American dele
gates were, however, printed in Eng
lish and French and distributed among
the delegates. The proposals in part
say:
at is generally admitted that the
very large depreciation of silver, as COM
pared with gold, and in the price of
silver incident thereto, is injurious to
the commercial and other economic in
terests of all civilized countries, and is
causing serious evils and in
conveniences to. trade, the full
extent OF which cannot yet
be measured. 1t is the unanimous
opinion of the people of the United
States that the establishment of fixity
of the value OF gold and silver, and the
full use of silver as coin metal upon O
ratio fixed by an agreement between the
great commercial nations of the world
will greatly promote the prosperity of
all classes of people. They believe the
sentiment in favor of larger use of
silver is steadily growing and that the
time is propitious for an international
on the subject. The govern
ment of the United States, while frankly
disclosing it's own views, does not wish
to impose any conditions that will en-
barrass any government willing to con-
fer on the question. The United States
delegation, in conformity with the gen.
eral purpose Of the conference, submit
the following resolutions:
''Resolved, That, in the opinion OF
this conference, it is desirable that
means should be found for increasing
silver in the currency systems of the
nations OF the world"
The document went on to say that it
was the desire and expectation that the
powers represented at the conference
would submit proposals tending to this
end; and further, that such proposals
should have precedence over those of
the Americans.
In addition to this, the delegates sub
mitted a plan as follows: First, that
which Moritz Levy proposed at the con-
ference of 1881; secondly, the plan of
Professor Soetter, and, lastly, the plan
submitted by the delegates.
In explaining the position of himself
and colleagues, Senator Allison said,
while they came representing the gov
of the United States and favor
ing a bi-metallic plan, they were
willing to discuss any plans calculated
TO promote an increase in the value of
silver bullion. He said it was to the
interest of the people of the United
State, as we'll as those of other nations,
TO secure under an international agree
ment stable standard of values.
Sir Charles Rivers Wilson said the
British delegates adhered to the Ameri-
IAN resolution which was really the basis
IN which the conference met.
NJ. Tiera,d of the French delegation
thought the method of procedure pro-
posed by the Americans peculiar. He
delegation, that they come with an
tdIuGSU ucslT0 W COubluCI uO6b
every proposal tending to rehabilitate
silver.
The Austrian and German delegates
minated that they were instructed to
lay that they should not assent to any
of their existing monetary
avs. The Dutch, Spanish and Mexi0m
delegates assented to vote favorably on
he American resolutions, while the
Russian, Italian, Roumanian, Swiss and
Greek delegates declared that, under
heir instructions, they were not per-
nitted to vote for the resolutions.
The conference ultimately resolved, in
accordance with the request of Senator
Allison, to postpone action on the Amer
can proposals until later, and to meet
IN Monday to consider the proposals
unlimited by Mr.. Rothschild Of the
British delegation.