The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-11-26
THE SILVER CONFERENCE
The Proposals Presented by the
American Commissioners.
THE BENEFITS OF BI-METALLIsM.

A Fixity of Value Between Gold and
Silver Would Greatly Promote the
Prosperity of All Glasses of the
People.
BRUSSELS, Nov. 28.-The international
monetary conference resumed its sitting
yesterday morning. Senators William
B. Allison and John P. Jones set forth
the American suggestions, basing them
ON general view of the monetary situa-
tion in the United States and in the
countries represented in the conference.
The proposals laid before the conference
by the American commissioners are as
follows:
at is generally admitted that the very
large depreciation of silver, as compared
with gold, in the last twenty years, and
the frequent and violent fluctuations in
cidental thereto. have been injurious to
the commercial and other economic in
terests of all civilized countries, and have
caused and are causing serious evils and
Inconvenience to trade, the full extent
of which cannot yet be measured.
NCCCfbty tOr SOtht rlAttJ VI
SIT is the opinion of the people of the
United States, with singular unanimity,
that the re-establishment of some fixity
of value between gold and silver, and
the full use of silver as coin metal
upon a ratio to gold, to be fixed by agree
ment between the great commercial
nations of the world, would very greatly
promote the prosperity of all classes Of
the people. They are not unaware, how
ever, Of the fact that public opinion in
some other countries, whose cooperation
In successful movement for such an
agreement is most desirable, may not
fully accord with the views entertained
In the United States as to the prac-
ticability of such an agreement. They
believe, however, that the sentiment
for the larger use of silver as a money
metal has been steadily growing through
out the world, and that the present
time is propitious for holding an inter
national conference to consider the sub
feet.
..The government of the United States,
while frankly disclosing its own views
as to the remedy to be applied, has not
wished to impose any conditions that
would embarrass any government that
might be willing to confer upon the most
advantageous relation of silver to the
GoluhRt VI lilb NOIlus VI IIltSt TtdSOIlS
the government of the United States
proposed convention Of the powers for
The purpose Of comforting upon what
measures, il any, can be taken to in
crease the use of silver as money. In
eonformity with the purpose of this con-
ference the delegates of the United
states:offer the following resolution:
To Increase the Use of Silver.
'Resolved, That, in the opinion of this
conference, it is desirable that som o
measures should be found for increasin e
Ghe use Of silver in the currency system
tne nations.
Sin presenting, as requested, further
programme to be laid before the con-
berence, the delegates of the United
states consider it due to other nations
represented that opportunity be afforded
bo them to consider plans for the en-
lsrged use of silver as money, other
than the one favored by the United
States.
ait Is our desire and expectation that
~ khe powers here represented, or their
delegates, will submit proposals to this
end, and we desire these to have prece.
dsnce in the discussions. In addition to
Any plans of the kind which may be pre-
santed, we submit for discussion the fol-
lowing, which have been suggested by
recognized authorities, at the same time
we submit the general plan of bi-metal-
Hsm which is favored by the United
States
'Firstly-The plan Of Mr.. Morit2
Levy, proposed to the monetary confer
ence of 1881.
"Secondly-The plan of thelate Adolph
Soetber (Zoginna Neu Freie Presse, Sept.
3d. 1899; Hamburgische Boersenhalle,
Aug. 23, 1892; Pioneer Mail, Allahabad,
Oct. 49, 1899.
Lastly We present the plan pro-
posed by ourselves as delegates of the
United States: The re-establishment and
maintenance of fixed PARITY between
gold and silver, and the continued use of
both as coined money of full debt paying
power, would be productive of important
benefit to the world. These ends will
DO accomplished by the removal of the
legal restrictions now existing and the
coinage of silver into full legal tender
money, restoring by international agree
ment parity Of value between the metals,
which existed prior to 1871, at such a
patio as the conference may decide upon.
Tho essentials Of such an arrangement
should be The unrestricted coinage of
both gold and silver into money
of full debt paying power; giving
q ratio in the coinage between tho
metals, and the establishment of uni
form charge, If any, to the public for
minting gold and silver coins"
Opposition of Other Countries.
The plan proposed by the United States
commissioners cannot be discussed and
pronounced upon until many other plans
shall have been disposed of. The gem
pral attitude Of the conference, however,
leaves little doubt that the American
plan will be rejected. The German and
Austrian delegates are strongly against
any measure which would necessitate
any change of moment in existing legis
lation on the money question.
Sir G. Rivers Wilson, one of Greal
Pritain's delegates, started for London
last night, presumably to get additional
instructions from his government.
Damage Suits Settled.
SCRANTON, Pa, Nov. 28.-The Lehigl
Valley Railroad company Yesterday set.