Fisherman & farmer. [volume] (Edenton, N.C.) 1887-19??, 1892-12-09
AMERICAS SUBMITTED,
Her Delegates Offer a Solution
OF the Silver Problem.
Colby 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
z. 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:
at is generally admitted that the very
large depreciation of silver, compared
with gold. in the last twenty years, and the
frequent and violent fluctuations OF silver
incidental thereto, have been injurious
to the commercial and other econ
Omic interests OF all civilized cOun-
tries. and have caused and are causing SER
lous evils and inconveniences to trade, the
full extent Of which cannot yet be meas
ured. 1t is the opinion of the people Of tne
United States with singular unanmity,
that the re-establshment of some fixity Of
value tetween gold and silver, and the full
use or silver as coin metal upon a ratio
to gold, to be fixed Dy agreement
between the great commercial Nations
OF the world, would very greatly
promote the prosperity of all classes
OF the people. They are not I'M
aware, however, of the fact that public
opinion IN some other countries, whose CO.
operation in a successful movement for
such an agreement is most desirable, may
not fully accord with the views entertained
in the United States as to the practicabiilty
OF such agreement They believe, how
ever that the sentiment for the larger use
of silver as a money metal has been steadily
growing thrOug bout the world, and that the
present time is propitiOus for holding an in
ternatiOnal conference to consider the sub
jeCt.
while frankly disclosing its own viev as to
the remedy TO DE applied, has not wished to
impose any conditions that would en- DarrasS
any Government that might be willing TO
-Ixy1r1 for aTNT1CT q
OF silver to the coinage Of the world. For
these reasons the Government of the nlted
States proposed a convention OF the Powers
for the purpose of cOnferlng upon what
measures if any, can be taken to increase
the use of silver as money. In conformity
with the purpose of this conference, the dele
gates OF the United States offer the follow
ing resolution:
Resolved, That, in the oplniou OF this
conference it Is desirable that some
measures should be found for increasing the
use of silver N the currency system Of the
Nations.
in presenting as requested a further
nrogramme to be laid before the con-
ference, the delegates of the United States
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 the United ed Stats nasto +id 1t
that the Powers here represented,
or their delegates, will submit
proposals to this end, and we desire these to
have precedence in the discussions In adj
dition to any plans of the kind which may
be presented, we submit for discussion the
following which have been suggested by
recognized authorities. At the same time
we submit the general plan of bimetallism
which is favored by the United States
Firstly, the plan of Mr.. Moritz Levy,
proposed to the Monetary Conference of
1885,!
SECONDLY, the plan of the late Adolph
Soetbeer (see Vienna Neue Freie Presse,
September 80, 1892: Hamburgische BOer-
cenhalle, August % 1892; Pioneer Mail,
Allahabad, October -, 1892
Lastly, we present the plan proposed by
ourselves as delegates Of the United States:
The re-establishment and maintenance of G
fixed parity between gold and silver, and
the continued use of both as coined money
of full debt paying power, would be produc
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 TIE 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 be: The
unrestricted coinage Of both gold and silver
into money of full deot-paying power; fixing
a ratio in the coinage between the metals,
and the establishment of uniform charge.
if any, to the public for minting gold and
silver COINS"
The proposals were coldly received.