The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-11-26
THE AMERICAN PLAN
Presented by Delegates to the
Brussels Conference.
AN INCREASE OF SILVER DESIRED
While Disclosing Their Views, They de Not
Impose Conditions That Will Embarrass
Any Government Willing to Confer.


monetary conference resumed it's sitting
this morning. Senator William 3. Allison
and Senator John P. Jones set forth the
American suggestion basing them on
general view OF the monetary situation in
the United States and in the countries rep
resented in the conference. Great secrecy
in the meantime was observed concerning
the American proposal. S. M. Montefore
Levi, president of the conference objects
positively to anything in regard TO them
being published. Alfred De R0thschild will
submit suggestions on behalf of Great
Britain.
The American delegates submitted res
olution declaring that in the opinion Of the
conference it is desirable that means be
found for increasing the use of silver cur
rency in the systems of nations. A docu-
ment prepared by the American delegates,
and presented with their resolutions ex-
planned that they wished that an opportu-
nifty De afforded TO consider Their plans.
At the same time they submitted q general
plan on bi-metalism offered by the United
States showing first that re-estaDiish-
ment and maintenance of fixed parity be-
tween gold and silver, and its continued
use as coined money of full debt paying
power would be productive OF important
benefit to the world.
The proposals made by American dele
gates were printed il English and French
and distributed among the delegates when
the conference resumed its slttings this
morning. The proposals, in part, says:
ut is generally admitted that very large
depreciation in silver as compared with
gold is frequent. Violent fluctuations in
gold and in the price Of silver incident
thereto are injurious to commercial and
Ill oixv{ rod
countries and are causing serious
evils and Inconvenience 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 establish
ment of a tixity of value of gold and silver
and the full uge of silver as coin metal
upon the ratio fixed by agreement between
the great commercial nations of the world,
would greatly promote prosperity TO all
Glasses Of people They believe the senti-
ment in favor of larger use Of ailver is
steadily growing and that the time is pro-
pitious for an international conference on
the subject The government of the United
States, while frankly disclosing its own
views, does not wish to impose any condi-
tian that will embarrass any government
willing to confer on the question. The
United States delegates, in conformity
with the general purpose of the conference,
submit tho following resolutions:
Resolved, That in the opinion OF this
conferences desirable means be found for
increasing the use OF silver in the currency
systems of the nations Of the world" The
document went on to say that the desire
and expectations that the powers repre-
scented at the conference submit proposals
| tending to this end, and further, that such
proposals should have precedence over
those of Americans. In addition to this
the delegates submitted the plan as fol-
| lows: First, that which Moritz Levy pro-
posed at the conference of 1851, 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 that while
they came representing the government of
the United States and favoring BIZ
metallic plan, they were willing TO discuss
any plans calculated to promote and in
crease in value silver bullion. He said it
was to the interest of the people of the
United States. as well az those OF other
nations, 10 secure under intern ational
agreement a stable standard of agree
ment.
Sir Charles Rivers Wilson said that the
British delegates adhered to the American
| resolution, which was really basis on
which the con ference met
| Nj. Tierard of the French delegation
thought the methods of procedure proposed
| by the Americans peculiar He wished to
tay, however, for the French delegation,
shat they come with the earnest desire D
consider most cordially every proposition
co re nabiliate silver.
The Australian and German delegates in
timated that they were instructed to say
| that they should not assent to any modif-
cation of their existing monetary laws.
The Dutch. Spanish and Mexican dele
gates assented to vote favorable on the
American resolutions, while the Russian,
Italian Roumanisu, Swiss and Greek DEL
egates declared that, under instructions
/ they were not permitted to vote on tho res
olutions.
The conference ultimately resolved, in
accordance with request of Senator ALI
son, to postpone action on the American
proposals until later, and meet on Monday
to consider the proposals submitted by
Kothschilds, OF the British delegation.