Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-12-11
HE MONETARY CONFERENCE.
France Says the Latte Uaion Cannot THINK
of BImetailism.
ny cable to the Dispatch.l


OF BImetaiiiSm.
By Angio-Americ1u cable 70 the Dispatch.l
BEUssEIs. December I0.-The special
committee Of the International Monetary
Conference met again to-day ana eou-
sidered the proposition OF Sir william
Houldsworth tor blmetallic union, siIfer
to be received by national mlnts at rate
per ounce TO be agreed upon, and recelpts
TO be gwen for the silver, which woulu
circulate as money. Tho committee also
considered the plans Of the Danish dele
gate Tietgen and the Belgian delegate Al
lardt. and final report was prepared 70
be submitted on tuesday. The bimetal-
lists hope the conference will not adjourn
without recommending that the govern
ments Interested adopt nodis ulren9l 10
avert financial catastrophe.
SWISS AND ITALIAN VIEWS.
At the last meeting of the international
Monetary Conference Delegate Frey, OF
Switzerland, stated that the Swiss Con
federation would not accept any settle
ment of the silver question that ora noS
provide for a recoinage OF French l0-franc
pieces and the withdrawal of Italian D.
and l0-franc notes.
At the meeting to-day tho Italian dele
gates said that Italy did not object to the
principle. but that the withdrawal OF her
s. and 1O.frano notes would absolutely not
affect the currency question, because she
would have to recall to Italy the ltalian
silver coins circulating in other countries
Of the Latin Union; otherwise Italy would
be unable 10 meet international needs.
FRANCE ENDORSES ITALY.
NJ. Tirard, the French delegate and ex-
Minister of Finance, expressed IN the IN
ternational Monetary Conference TO-DAY
4 . 10 n
Italian delegates. He said that the with
drnNal of the french l0-frano gold pieces
would not conduce to the more extended
use OF silver. France would have TO sub
stltute for the coins thus withdrawn an
immense amount of silver already held III
reserve IN the Bank OF France. France
NJ. llrard SAID, was quite satisfied with
the present system a insunng an album
dance OF money. 1t was Impossible tnat
the Latn Union could think OF blmetai-
ism while Germany. England and Austria
refuse to open their minis tor tree Coinage
ABANDONMENT OF HOPE.
Therefore, NJ. Tirard added. the confer
ence must abandon any hope OF reaching
any radical solution OF the problem and
apply itself to securing some moderate
measure OF relief. lie would himseii
earnestly cooperate IN carry ing sucn
The address OF NJ. Tirard made o pro-
found impression. and quenched any re,
naming hope Of radical action IN favor Of
blmetalhsm.
The American delegates will give go
cOud banquet 10 their colleagues at the
Hotel Bellevue on Monday.
TmABD's VIEWS REPUDHTrD.
NJ. Bois5evain, tine Dutch bimetalhst
and Senior Toca, of the Spanish delegation
repudlated IN the International Monetary
Conference today the views expressed 10y
NJ. IIrlrd and the arguments with wLici
he SUPPORTED those views. Delegate or
sell. of Denmark, challenged the Amer ca1
delegates 70 pronounce definite opihloi
on the issue before tho conference anI
formulate q plan.
Senator Allison. in behalf Of the Amen
can delegation, replied that the UnlteC
States was ready 10 accept any fair scheme
.uUpDrted bv q certain number OF nations
Amer. can Delegate Cannon declared
that oven Il the conference should afilVt
at 10 immediate practical result, th'
world would have had the great advantage
of eliclting important declarations de-
fnlag the position OF the respective M
tIOns represented.
FRANCES POSITION UNAFFECTED.
II was we'll worth tho trouble inc urred e
have obtained the important KNOWLEDGE o
the position OF France, as shown by the
declaration of VI. TIrard. 20 the erect tina
France and the Latin Union, from WHOM
the United States had expected more
than from any other quarter, OF
account Of those countries BEN!
such largo holders OF silver, would not a.
slst the United States IN solving th'
problem, whereas. on the other hand, as
slstance had come from an unexpected
marter-namcly, certain members OF tn
| English delegation. Sir. Cannon adde'
that he believed that even now there va
10 need OF despalrlng OF some satisfaction
result.
The conference adjourned until Thurs
dav. il IS believed that Mr.. Cannon threw
tho responsibility for the ultimate fallur'
of the conference on France and the Latll
mon in the hope Of compelling thos
countries o. show some disposition to
ward Cancellation.
AUSTRIAN PRESS OPINION.
VIENNA, December l0.-Ihe Austrian
press looks forward to q failure of th
monetary conference, and saws 1t woul'
iniure nobody but the American shye
| kings,