The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1892-12-14
AMERICAS SUBMITTED.
Her Delegates Offer a Solution
of the Silver Problem.
Coldly Received by the Brussels
Monetary Conference.

At the meeting of the International None
tary Conference at Brussels, Belgium, Sena-
tor William B. Allison and Senator John
P. Jones set forth the American proposals,
and reviewed the monetary situation In the
United States and other countries repre-
sented in the conference. The proposals fol-
low:
alt is generally admitted that the very
large depreciation of silver, as compared
with gold, in the last twenty years, and tho
frequent and violent fluctuations OF silver
incidental thereto, have been injurious
omic interests of all civilized coun-
tries, and have caused and are causing SER
ious evils and inconveniences to trade, the
full extent OF which cannot yet be meas
ursd. It is the opinion of the people Of the
United States, with singular unanimity:
that the re-sstablishment Of some fxity OF
value between gold and silver, and the full
use Of silver as q coin metal upon a ratio
to gold, to bs fixed by agreement
between the great commercial Nations
of tho world, would very greatly
promote the prosperity OF al classes
aware, however, of the fact that public
opinion in some other countries, whose CO.
operation In q successful movement for
such an agreement is most desirable, may
not fully accord with the views entertained
in the United States as to tbs practicability
of such an agreement They believe how
ever, that the sentiment for the larger use
Of silver as money metal has been steadily
growing throughout the world, and that the
present time is propitious for holding an IN
ternational conference to consider the sub
ject.
"Ihe Government CT the United States,
while frankly disclosing its own views as to
the remedy to be applied, has not wished 70
impose any conditions that would embarrass
any Government that might be willing TO
confer upon the most advantageous relation
Of silver to the coinage OF the world For
these reasons the Government OF the Onlted
States proposed q convention OF the fowers
for the purpose OF conferlng upon wnat
measures, il any, can be taken to increase
the uss of silver as money. In conformity
with the purpose Of this conference, tho dele
eatss of the United States offer the follow
ing resolution:
s.Resolved, That, in the opinion Of this
conference it Is desirable that some
measures should be found for increasing the
use Of silver in the currency system OF the
Nations.
in presenting. as requested, further
prozranme to he laid before the con-
consider it due to other Nations represented
that opportunity be afforded to them to
consider plans for the enlarged use OF
silver as money other than the one
favored BY the United States. 1t
ia our desire and expectation
that the Powers here represented,
or their delegates, will submit
proposals to this end, and ve desire these to
have precedence in the discussions In ad.
.dition to any plans Of the kind which may
be presented, we submit for discussion ths
following. which have been suggested BY
recognized authorities. At the same time
we submit tho general plan Of bimstallism
which Is favored BY the United States:
s'Firstly, the plan of Mr.. Moritz Levy,
proposed to the Monetary Conference OF
"Secondly, the plan Of the lato Adolph
Sostbeer (see Vienna Meme Freie Prssse'
September 80 1892; Hsmburgische Boer'
-cenhalle, August 2S. lS9S; floneer MAIL
Allahabad, October IS. 1899.
LASTLY, We present the plan proposed by
ourselves as delegates Of the United States:
The re-establishment and maintenance OF 9
fixed parity between gold and silver, and
Che continued use Of both as coined money
of full debt-paying power, would be proouc
tive of important benefit TO the world.
These ends will be accomplished by the re-
moval Of the legal restrictions now existing
and the coinage Of silver into full legal
tender money, restoring by inter.
national agreement the parity OF value be"
tween the metals which existed prior to
1871 at such ratio as the conference may
decide upon. The essentials OF such an In
ternational arrangement should DO: Ihe
unrestricted coinage Of both gold and silver
into money Of full debr-paying power; fixing
q ratio In the coinage between tho metals
and the establishment of q uniform charge,
II any, to the public for minting gold and
silver CONS"
The proposals were coldly received.