The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1892-11-23
Il. w. CANNON.
j. B. M'CREARY.


w. B. ALLISON. E. o. LEIGH.
The American delegation represents
almost every shade Of opinion OF the
question of silver coinage. Mr.. Cannon
believes there is not enough gold to en-
able the United States government to
get along without silver, but he is unal-
terably opposed to free coinage. Sena-
tor Jones is as strongly for free silver as
Mr.. Cannon is against it, while Senator
Allison takes a middle ground. DR.. An
drews is believed to go even further
than Mr. Cannon in his opposition to
free coinage, but Congressman McCrea-
RVS views are in a milder form than
those of Senator Jones. Director Leech's
idea is that there is too much silver on
the market.
With all these widely differing opin-
ions it is difficult to predict just what
the outcome of the conference will be,
but that some tolerably satisfactory con-
clusion will be reached Secretary of the
Treasury Foster feels confident.
The plan of DIR. A. Soetber, a financier
of note, has attracted great deal of at
tentI0n. LII IS IOllOWS:
Recognition of some definite weight of fine
gold as the universal foundation of the meas
ure of value Of the monetary system.
Maintenance of the existing gold monetary
systems of the various countries; cessation by
them of the further coinage and issue of gold
coins under 5.8065 grams of fine gold twenty
franc pieces obligations of such countries to
retire their smaller gold coins within the next
ten years.
Uniform gold coinage charges of two per
1000
Issue of gold certificates for gold deposited,
by the principal minis or central banks, for
amounts Of 500 grams of fine gold or multiples
of that amount. Agreement on uniform
mode of assaying.
Retirement within the next ten years of all
bank notes hitherto issued in the country and
of other paper money Of a value under 5.8O65
grams of fine gold. and refusal to issue any
longer either bank notes or other paper money
under said value in gold.
Retirement of existing silver coins Of q
higher nominal value than 10 per cent. Of the
value of the lowest future standard gold coin
within the next fifteen years, and hereafter
exclusive coinage of the principal coins in the
value ratio OF silver to gold 20 to l. Coinage of
the same only on account of the government.
Each country to retain its freedom as to the
coinage of small divisional coins.
Obligation of the government of each coun-
try to receive into its public treasures the
principal silver coins bearing their own stamp
in payment of all sums.
Obligation of private individuals and mon
eyed institutions to accept the principal silver
coins of the country in payment to an amount
equal to three times the value of the lowest
standard gold coin.
Issue Of silver certificates by the principal
mints or central banks against the deposit of
the full value of the face thereof in the prin-
cipal silver coins in denominations not lower
than one-half Of the value Of the lowest stand
ard gold coin, and also in multiples of such
amount. The immediate specie redemption of
the silver certificates in principal silver coins
on demand and at all times at the places of
ISSUE
No issue of credit notes payable in silver
only.
Liberty Of each state to recede from this
monetary treaty after twelve months notice.
Obligations of the several governments to in
form each other at the close of each calendar
year of all laws, regulations and proclamations
issued respecting the monetary system.