St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-23
FERENCE ON COIN
President Harrison Alleged to
Have Practically Arranged
for 1t.
early Next Summer" Is the
Time Named, and the Ma
tiOns invited.
Silver Senator's 0utSpoken in
Their Hostility to Such a
Project.
Special Message Expected on
the Subj -Bimetallic
Convention.
uECISTER TODAY.

HEGISyER TODAY.
WAsmNGroN, April %. The pub
liancd reports that the president has
practically completed ARRANGEMENTS
looking To an international monetary
conference, to be held early next sum
mci, and that invitations have been is
sued 70 foreign governments to particl-
pate therein. is not received With airy
display OF enthusiasm by the silver SEN
aiors. Senator Stewart is outspoken IA
chdractcriziug the alleged plan as can
elcctoneering device, Absolutely devoid
Of amy honest purpose to carry out the
express declaration of congress in favor
Of the full reconciliation Of silver"
Senator Teller does not see hoW the
conference can have any practical re
suits, in view Of the iusurnountablc
limitations to be placed upon the CON
terence, according to the reports.
lis quite clear that none Of TIE Re
publican silver senators have been taken
iuto the confidence of the administra-
ton on this latest alleged project. One
of them says that he knew that some
such plan was in contemplation, and
that This government had already made
oycrtures t. the governments Of Euro
pcau countries loohing to a conference,
but, as he had been informed, that be
fore any definite propositions were sub
mtted 10 the parties to The conference
The silver senators would be first con
suited, he was surprised to read that
there had already been
\ Practical Agreement
which absolutely ncgatiyed any idea
that the result OF tine conference would
be rs it was intended to be- by congress
10 be Il restoration Of silver 10 its place
rs a money metal This senator hiuted
that the administration and not Great
Britain. as reported, had really secured
the ALLEGED limitation of the subject to
be passed upon by the conference to the
consideration of mcalx to secure the
enlarged use Of silver as money, and
had prevented the consideration of the
question of the best means OF securing
ITce coinage Of SILVER. He held, and
other silver senators entertained the
same belief, that the conference would
come lOuotniug unless it were allowed
to consider the free coinage system.
The closest reticcuce in regard to the
whole subject is maintained at the
White house and treasury department.
:. Dana Horton. as a confidential repre-
sentative of this government, has spent
q year or more among the financial OIL
GERS OF the governments Of Great Brit
ain. Frances. Prussia Austria and Italy,
for Tie purpose OF ascertalung their
views ON the subject of Il bmealhc
standard, and he has made elaborate
private reports of the results OF his mis-
sion. He is now i'm Washington, and is
a frequent visitor to the state and tiCaS-
ury departments
Since his return from Europe the cor
resi- 0ndcncc ON this subject has been
wholly with our ministers at the foreign
capitals. II is said that the reports
received from the different countries
have satisfied the president of the adj
Visibility of an international confer
CuCc, ANA that he has practically de
CidCd 10 take the initiative in the mat
ter 1t is understood that he will soon
send special message TO congress,
transmitting the correspondence on the
subject.
silver Wen still Hopeful
II is ascertained, from talks with the
members of congress who attended by
invitation the meeting of the national
silver committee last night, that il was
tereSt and demand Tor silver legislation
by this congress shows no abatement.
Indeed, the hope was expressed that an
opportunity might yet be afforded dur
ing the present session for some action
10y congress ON the Bland bill, or if that
Is not possible, on some other measure
fer the full reconciliation of silver.
Tie proposition for an international
monetary conference to consider The
silver question received but little atten-
ton from the persons who addressed
the meeting, and, indeed, it was only IN
Cideutally mentioned. There is no con-
tidence felt by the tree coinage men in
the favorable outcome OF an interna-
UOnal monetary conference, and prop
OSltlOn for conference that would not
be allowed to consider the free coinage
of silver would, it is believed, be indig-
nauuy rejected by the free silver men.
There were a number of public men at
the meeting last night, including SEN
atorS Stewart, Sanders, Powers, Daniel,
SEoup and representative Bartine, of
Nevada.
There was no general expression on
the part of the persons present that
could be fairly interpreted to favor the
immediate formation of a third party, as
has been suggested heretofore. Anum-
Der of strong expressions were heard,
however, from men who declared they
would not vote for a presidential caudi-
date in the coming election who was
against free coinage. y bimetalic
league was a topic of discussion and the
general impression was that such a
league ought to be formed.
The national silver committee, at its
meeting today, decided TO call nation
al bimctalic convention to meet in this
city on Thursday. May Is, 1852 The
formal call. which will be accompanied
by bliet address, Will be issued tomor
row evening.
The Arizona Bonds.
New YORK, April %. Along with the
news from Washington that the senate
had knocked out the clause in the house
bill providing for the payment of the
proposed issue of Arizona bonds in
gold comes story that the New York
Life Insurance company had agreed to
take the entire issue of $l,50O,O0O or a
large part of it. The New York Life,
it was said, however, made the agree
ment 10 take the bonds on the SUPPOSE
tion thatthe interest and principal were
payable in gold, and were unwilling TO
purchase the bonds with the gold inter
est bearing clauses struck from the
house bill.
Vice President Welch, of the New
York Life Insurance company was seen.
and cOrrobOrated the story in part
Whatever negotiations" he said,
'Were made with the brokers by this
company IN regard to the purchase of
the bonds were with the distinct under