New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-09
PRESIDENT ANDREWS SPEAKS.
STATING The AMERICAN POSITION BEFORE
THE MONETARY CONFERENCE
TIE UNITY or INTEREST BETWEEN EUROPE AND
THE UNITED STATES EMPHASIZED
M. ALLARD's PROPOSAL.

M. ALLARD'S PROPOSAL.
Brussels, Dec. e.-ImmeGiacly after the opening
Of the International Monetary Conference to-day,
NJ Allard, one of the Belgian delegates, submitted
the proposal set forth in his circular This plan
eontcmpatcs an international agreement for the
purchase, under common account, of stocks OF
silver against which treasury notes will be issued
by the contracting States, none OF which will be
Obliged to coin the silver thus purchased or modify
its existing currency legislation The circular also
proposes that these notes shall have international
circulation.
NJ Rlnalovitch, one Of the Russian delegates,
spoke briefly regarding the Morz Levy plan. He
declared that he did not believe that under the
present conditions any international agreement 10
regulate the relations between gold and silver
were possible. The general discussion was then
resumed
In reply TO the invitation extended to him by
tie Conference President Andrews Of Brown Uni
vcrSity, made an address in which he sail he
hoped the idea that America was bent only upon
increasing her national wealth, and She was merely
acting as tire creature of mine-owners would for
ever be dismissed rs being as absurd as the ida
that American interest was mainly due to the
distress affecting the American monetary system.
Continuing DR.. Andrews said:
We have not and not at prcscnt likcly 70 have
dollar in silver beyond needs n tho United stat s.
We have no idea Of soliciting any favor from the people
~ Europe. What desire &, much to Eurouc''
interests a. TO ours. We wish multiply trade
with the wofd-a DO yastr business with China. Japan
and Central and South America. and ~ the samc time
with Europe. This VIII never lie succ' Stuly accom-
p-hcd long two great groups Of nations continue
10 drift arar, The cvl. Il nuctm;ng exchange which
bcsct England In her commerce with India. also ex-
pcrlcnce In our trading with nearest nelrhborS. bur
we ar, determined not to accomplish desirable end at
the terrible cost OF opening suis oh1'm between our
selves and tho nations OF Iui'p'.
We VIII Jar company with Asia and South America
rather ulan with you. We VIII not forever continue
alone a., task Of sustaining the price " silver. II
Furope is not enough interested ia the matter to Coz
operate VITA u, ve VIII soon decrease our annual pur'
cha-s Of silver and begin ~ provide Is recruiting our
currency by issues of Iapr. ITO next Con'fss j.
nearly certain to open procedure in uat direction. W.
will not give UP gold. 1le un' hln'"d Honethi
policy Of the United states wall never he changed win
Mr.. Clct.lant', consent
Rcfcrrinr TO tie tariff President Andrews said
il was obvious that there was no surcr way 10
lower the American tarG than for Europe and
the United States TO agree upon policy iayora-
BILE 70 silver as money. That alone. he declare J.,
would abatc the inc,s-ant conflict for gold AMI
leave tho United States irc" 20 effect generous
reduction in the customs tarH. In conclusion
the speaker said le thought that some OF th"
plans proposed 10 the Conference were feasible
and if the delegates continued their deliberations
with due sense OF their responsibility the Con
terence would not fail 10 devise measure Of
relief.
When tho Conference adjourns NJ the end OF
next week, it VIII probably leave the respective
Governments represented T. decide whether or no
il shall rcassorblr IN January careful canvass
Of the delegates shows that a majority favor an
odiournmcnt nm III spr,nr. !hr american ald Other
bimctallic dccld;c> viii try 10 OBJ am from ~"
Conference a recommendation - all III" H",ciH-
men 5 to allow from y'r tu "l'lir"n months 10
carec b,i0r, takiu- any ac'lr" % i.tsuf", t'"ai
chan .,iu- the uo-,ut currency policy. HE adNp-
Gates Of thi, Recommendation Las" ln Wow p'~
-iblc inipro ogcmcui In th. general monetary posi-.
ton They also hops much i!.n ID" growth OF
liruo,al ism - "A pn'.cI folcr i'm l'r't,h politlc-
Tie debate on le various bim"tIillr prop 's.ii>
will conclude on Tuesday.