The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-09
BRUSSELS CONFERENCE.
The Belgian Minister OF Finance Not
Hopeful.

BRUSSELS, Dec. s.-M Beernaert, the
Belgian minister Of finance, reports that
he despairs OF the success Of the monetary
conference. He believes the conference will
continue in session until Dec. II and then
adjourn, to May for decisive business
Many delegates, he adds, especially the
Germans. await Mr.. Cleveland's inaugural
before coming TO final decision.
After the opening of the monetary con-
ference to-day M. Allardt, the Belgian
deputy. submitted plan for an interna-
tional agreement for the purchase under a
common account OF the stocks of silver,
against which treasury notes would be is
sued by the contracting states, none OF
which will be Obliged to coin the silver thus
purchased or modify its existing currency
legislation.
M. RatfaIovitch, Russian delegate, de-
clared that he did not believe that under
the present conditions any international
agreement to regulate the relations between
gold and silver WAS possible.
THE UNITED STATES DEFENDED.
In reply to an invitation, Prof. Andrews
Of the Brown University, an American dele
gate, and a personal friend of President
elect Cleveland. made an address. He hoped
the idea that America was bent only upon
increasing her national wealth and that she
was merely acting as a servile creature of
the mine owners forever be dismissed as be-
Ing equally absurd as the idea that the
American interest was mainly due TO the
distress atilioting the American monetary
system. I'VE in the states have
not dollar In silver beyond
our needs we have nc idea OF soliciting any
favor from the people Of Europe What we
desire is as much Europe's interests as ours.
We wish TO multiply our trade with the
world-to do vaster business with China,
Japan. Central and South America, and at
the same time with Europe. The evils of
fluotuating exchange which beset England
in her commerce with India we experience
in our trading with our nearest neighbors
but we are determined not to accom-
plish q desirable end at the
terrible cost Of opening q similar ohasfn be-
tween ourselves and the nations of Europe.
The time-honored monetary policy of the
United States will never be changed with
Mr.. Cleveland's consent" Referring 10 the
tariff Prof. Andrews said there was no
surer way TO lower the American tariff than
for Europe and the United States TO agree
upon policy favorable to silver as money,
which alone would abate the inoessant con-
fiiot for gold and leave the states FREQ to
effect generous reduction In the customs
tariff.
THE SITTING PROLONGED.
BRUSSELS, Dec. 8, II p. M-The sitting
OF the conference was prolonged to-day at
the instance of the American delegates
Most of the time was occupied with discus
sion of the principles OF monometallism and
bimetallism.
Delegate Bessevsin for the Netherlands
said the United States could not be held In
any way responsible for the fall OF silver
which was not due to the increase
OF the silver product I'm the early part
Of the '70s, but was brought ont nrtifioially.
Legislation by the great powers against
silver has been the cause Of the trouble.
The United States, England and India held
the key 10 the present situation, he said, and
he appealed 60 these countries to make
strong and united efforts TO rehabilitate the
white metal.
Delegate Raffalovitch for Russia said he
shared the views Of Bertram Currie In favor
Of monometallism.
ITALY FAvoRs A COMPROMISE.
Delegate Zeppa for Italy expressed re-
gret that the Rothschild proposal had been
Withdrawn. Although O monometallist,
he favored some compromise, as no one
could deny that the present situation had
elements OF embarrassment. IL not danger.
Delegate Frey OF Switzerland, while ad-
mitting that International bimetallism was
the only means OF rehabilitating silver, he
said the remedy was impossible. No ade-
quate plan of international bimetallism had
been proposed, and even II such were formu-
lated ii would have little prospect OF suffi-
ciently general approval.
Delegate Weber of Belgium made a
strong monometallistio speech.
The conference adjourned until Saturday.
The date OF the special committee meet
ing for consideration of the Tiedegen and
ACKNOWLEDGEMENTS has not yet been set