St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-04-23
CONFERENCE ON COIN
President Harrison Alleged to
Have Practically Arranged
for It.
"Early Next Summer" Is the
Time Named, and the Ma
tions invited.
Silver Senator's Outspoken in
Their Hostility to Such a
Project.
Special Message Expected on
the Subj -Bimetallic
Convention.
uECIsTER TODAY.

HEGISyER TODAY.
WAsHINGToN, April 22.-The pub
lshed reports that the president has
practically completed arrangements
looking TO an international monetary
conference, to be held early next sum
mcr and that invitations have been is
sued 10 foreign governments to particl-
pate therein, is not received with any
display OF enthusiasm by the silver SEN
atOrs. Senator Stewart is Outspoken IN
characteriziDg the alleged plan as ian
eIcctiOneering device, absolutely devoid
Of any 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 insurmountable
limitations to be placed upon the con
terence, according to the reports.
1t is 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
Overtures tc the governments Of Euro
pean countries, looking to conference,
but, as he had been informed, that be-
fore any definite propositions were sub
mitted 10 the parties to the conference
the silver senators would be first con.
suited, he was surprised to read that
there had already been
n Practical Agreement
which absolutely negatiyed any idea
that the result Of the conference would
be as it was intended to be by congress
10 be-a restoration Of silver TO its place
as money metal. This senator limited
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 means to secure the
enlarged use Of silver as money, and
had prevented the consideration OF the
question of the best means OF securing
Iree coinage Of silver. He held, and
other silver senators entertained the
same belief, that the conference would
come tODQthing unless it were allowed
10 consider the free coinage system.
The closest reticcnce in regard 10 the
whole subject is maintained at the
White house and treasury department.
s. Dana Horton, as confidential repre-
sentative Of this government, has spent
year or more among the financial Ofli-
GERS OF the governments Of Great Brit
ain, Frances. Prussia, Austria and Italy,
for the purpose of aSCertalning their
views on the subject Of a bimetalic
standard, and he has made elaborate
private reports of the results of his mis-
la il IA, ulI Il gtI nd *
Ii frequent visitor TO the state and treas
ury departments.
Since his return from Europe the cor
resi- oudencc 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 all international confer
ence, ana that he has practically de-
Cided 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 Men still Hopeful.
1t is ascertained, from talks with the
members of congress who attended by
invitation the meeting of the national
silver committee last night that it was
tereSt and demand for 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
by congress on the Bland bill, or if that
Is not possible, on some other measure
for the full RECOMMENDATION OF silver.
The 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, 1t was only in
cidentalIy mentioned. There is no con-
tidence felt by the free coinage men in
the favorable outcome OF an interna-
tional monetary conference, and prop
OSition for conference that would not
be allowed to consider the free coinage
of silver would, it is believed, be indig-
nantly rejected by the free silver men.
There were number of public men at
the meeting last night, including SEM
atorS Stewart Sanders, Powers, Daniel,
Shoup 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 third party, as
has been suggested heretofore. Anum-
DCl VI ollOlH NAplNoSlOlD NClO hVolN.
however, from men who declared they
would not vote for presidential candi-
date in the coming election who was
against free coinage. A bimetallic
league was a topic of discussion and the
general impression was that such
league ought TO be formed.
The national silver committee, at its
meeting today, decided to call q nation
al bimetallic convention to meet i'll this
city on Thursday, May 26, 1852. The
formal call, which will be accompanied
by blief 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,500,000, 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
ton that the 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 III regard to the purchase of