The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-01-09
TO REHABILITATE SILVER.
xHE INTERNATIONAL CONFERENCE
SCHEME MEETS WITH APPROVAL


vist.s FOR the Cosfereaee May be Intro
lseeA 81 Aonaay-Mr. Carlisle Believes
d WIN Pass the senate-rt May ne.
, es.s . Party Question n the House.
WASHINGTON. Jan. at IL now expected that
The bill providing for an international mone-
tary conference will DO introduced In the
House on Monday next. probably by Mr..
Springer OF Illinois. The news that such q
measure had been prepared by Democratic
lsadoes attracted much attention to-day
At the Capitol among men Of both parties.
Democrats welcome the plan as o safe way out
OF tho silver dilemma. and the Republicans,
who are no less perplexed by the division In
thoir party on this question. would gladly
avail themselves Of go easy an escape from
The difficulties In which they arc involved
Expressions Of approval are so general and
warm that the projectors OF the scheme think
thers 10 no doubt Of their success In both
bg8nches Of Congress.
In the Senate It is said by such good judges
as Mr.. Carlisle that the bill will be easily
passed II once reached. OF course the radical
pro-silver men from tho Wcst-Stewart. Teller.
Wolcott, and tho others-will denounce the
proposed conference as a device OF the enemy
to gain timc. and they are so denounc-
ting It to-day. But II the measure should
Oe taken up. MS now seems likely. rs
. part OF the Democratic policy in Congress-. q
great majority Of the Republican Senators
would probably join with the Democrats in
pushing It through. The Republican Senators
have not yet forgiven tho radicals from the
West for their defeat of tho Force bill. and
they arc. besides, much afraid that the free
silver men will be able to pass q FREQ coinage
bill and eend 1t to the President to veto Tho
Republican managers are fully as eager as tho
Democrats TO eliminate tho silver question
from the politics Of this year. Therefore it Is
believed that radical Republican silver SEN
stors would oppose the measure in vain.
In the House there Is not 80 great certainty
OF success. though strong probability No
doubt exists Of tho willingness Of the hard
money Democrats to pass the proposed bill.
but some OF the free silver men from tho South
and West arc still suspicious that they arc be-
ing duped by the old device OF an interna-
tonsl conference. A prominent Democratic
Representative who has much to do
with tho preliminary work In favor
OF tho international conference plan. says
negotiations have been quietly carried on for
about i've weeks. Senators German and Hill.
ne says. have pledged their support. and the
q 81 ps@ss!s has hse4 s
leito. III. Bryan. fr. Warner q New York.
sordina to this authority the promoters OF tho
80 sShnT tS made sure Of success before permit.
confidently expect to have tho m easure referred
70 ting Foreign Affairs Committee next week.
Az effort may DO madS to refer it to tho Com
and on thls question OF rGierenee the temper
OF sh9 House may TO tested. 1t is hoped to
shS S SSt s Of @ Init in Of
$he democratic members to take action look
~ K maG Eli The BIZ RHrty Glcy. .,,
suia e csr ss
been
nv Isarts spprove oppfSs have s ali nlon Su b.
Hescd tho only mHnncr in which the silver
BE- sessd y by
ssSio 81 silver and gold. ami By itself cannot s
MssS as 9, fsy wonaes
p mo that We have up to this time been able
'P"sn.ain silver euf Issy at nar with gold
Of severe nature occurs in this country sil-
oonSequonGss appalling, to think Of, We aro
really trcading On very thin Ice; We have now
tons s tons
nd arr purchasing bullion at the rate Of
sixty millions q 4, year: In ten years that means
sso sSs &c ss 80 ss
that a. soen az xH sSo sSs
take this bullion out and dispose, Of It. not
only loss to tho Government but disaster to
tlo country will follow: once voted ior the iroe
sec!nnge q silver. but TINT was at time when
how arc. am opposed to free coinage at this
qa 81 baoa Not oy tSat
d.oEass snS to e n!sSspts sSoni
Silver throSes shis consrRsss 81
radical change 10 sentlmons In the Democratic
@ors sss ans s se Si
&C. s sSs xha hs ,Ssy a1s Sssn
Ssstis paity. Sas Tor shs ReeabIiean, party and
e ildnco the nations Of the world to join, IN
anSt9fr monetary conference It Is ny belief
as Gan Sc tsi ws Rs s sna
skss 4 tSe only manner in, which The silver S
scsss ue now owl and Is deioatsd sin aplSa re-
tiros for the moment, and quickly conies up
3nsoS 81 ny ora To u ~
ss sss sSssS
as::sisn: least has sss S snSs sI
tag Which e virtually Prohtbitiye. and thus to
so b ~ banks q Shass usiPs , mSasl
rs: been X members q ths
pp this question and evolve q bill. but SO much
9bpositi3n has been encountered by those who
assssiy In such rotten cite. borough, . so%m i'm
project will be- abandoned. The plan was the
oAt&rowth OF q conviction that there IL
some foundation for the claim OF search
~ Of currency. at points remote from
the financial centres. an alleged scarcity which
z assts bankine, systsm based o., ~
would tend TO remove. 1t has been argued
that II this device for providing the people
VIII ErsstsE volume II y! currency were adopt;
ioss ts force. and tie advocates 81 unrestrioted
coinags would consent 70 an sbandonment q
PoStefs. and the International Monetary Con-
}prence u the only expedient plan for the set
sssmss4p S. q tho silver question now being
" hes been pointed out that when the Inter;
e sith posittySs doclerstion IL favor q p:
future efforts In the same, direction.