The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-01-08
RECONCILIATION OF SILVER.
,ryornA1C PLAN 10 RETIRE THE
orrs7IoN As A POLITICAL ISSUE

rate IN Establish the Use OF Gold and Sill
ar ,s Timetable Money and FIX the Rn-
,,o of Value Between the Two MetHis-A
Rmi Being Prepared which Is to be
.,hm,,,ed TO Congress at an Early Dag.
WARRINGTON. Jan. An International Sill
oar Congress at Chicago. during the Worlds
rsir a, 1893, is plan now being perfected by
i..dine Democrats in Washington. with
view TO tho ultimate settlement OF the silver
nusstion on a permanent basis. and Its imme-
Siate retirement as a political issue. This
man has been under consideration BY
.s,tain leaders OF the party for three
~ ,our weeks. and efforts have been made to
sssp It a secret until its authors should be
,esdy to place It before the public. The dis
.us,on has been confined altogether to men,
hers Of tho Democratic party. and leaders Of
the free silver as we'll as anti silver factions Of
the marty have been brought into consultation.
influential men on both sides have given the
nlan their approval and tits now believed that
smfacent number Of pledges have been Sc
cured TO insure the success Of the plan. 1t is
therefore probable that bill will soon be pre-
rared and introduced in the House embodying
the scheme. of which some Of the details still
remain to be perfected.
Democrats from the West come to Congress
directly from their constituents. and declare
that unless the new House does something for
silver 1t will be impossible for them to carry
their districts this year. or to realize the hope
that a number OF Western States will come
into tho Democratic fold at the Presidential
election. Democrats from New York and
New England. with equal sincerity
and zeal. say declaration Of the party at
Washington for free and unlimited coinage
would make difficult II not impossible. the
task OF carrying New York. and would certain
" take Massachusetts, and Connecticut
out Of the list OF doubtful States and
make them certainly Republican. Added to
this dilemma is the we'll known fact that legis-
luton at this session OF Congress designed to
restore silver to its old rank as money metal
must necessarily be futile. on account of the
VETO power which President Harrison stands
ready to interpose.
Seeking way out OF these perplexities. the
Democratic leaders have hit upon the plan OF
passing through this Congress. within a
month or two. a bill authorizing the President
Of the United States to invite the principal
nations OF Europe. especially those Of the
Latin American union - Great Britain.
France. Germany. Austria. and Italy-to an
International Monetary Congress. to be held
in Chicago during the Worlds Columbian Ex-
position OF 1893 AS soon as two or more
countries shall have accepted the invitation.
the President shall designate the date OF as
ssmblage and appoint tho delegates which he
is to be authorized to appoint in the bill.
It Is proposed that the United States shall
he represented by fifteen delegates. five Of
these be appointed by the President from
among private citizens OF high character and
conspicuous ability. five to be appointed by
the Speaker OF the House OF Representatives
Hpn AhAv kAro to- 80 4,
I've to be chosen By the United States Senate
fronr among tho Senators. The suggestion
has been made that the Secretary of
State and Director Of the Mint should
he made ex oficio delegates from the United
states. but among those having the matter in
charge this proposition has been finally re-
jected. as tending to place too much power in
the hands OF the American Administration.
while the essence OF the idea Is that the Con-
gress must represent. not SO much the central
Government of the participating countries as
tho parliaments and people thereof.
The nations Of Europe would be invited to
nddelegates tothis congress. chosen in such
manner as each country might determine for
itself. for the purpose OF establishing interna-
tionally the use OF gold and silver rs BIZ
metallic money. to fix the ratio of permanent
value between those metals. and to arrange
Tor tho coinage in each of the countries
represented OF an International coin or inter.
national coins to pass current at fixed value
throughout all the nations OF the world Care
would be taken to so phrase the in vitations as to
avoid the mistake which was made by France
In issuing the invitations for the International
Bmetailic Conference Of 1881. when Great
Britain declined to participate. because in
her opinion the terms OF the invitations bound
her to abide by the conclusions of the congress.
In this instance il IL not hoped or desired to
bend in advance this or any other country to
the findings OF the congress. but to make the
congress one Of investigation and interchange
OF views and Of final recommendation, which
the participating nations may follow by the
necessary parliamentary action or not, In this
RESPECT the congress is designed to be SINH
lar to the ran-Ameriran congress which met
ITO years ago in Washington at the invita-
ton Of this Government That congress-
merely recommended legislation to tho Gov
enmcnts Of the participating countries. and
in several Instances these recem m en- ations
have been followed.
The promoters Of this plan to rescue silver
from its present unsatisfactory rank as a
money metal and to insure Democratic har-
hiony and success do not anticipate any
oimculty in securing acceptances Of the
invitation from the principal nations OF
Europe under the proposed conditions
While II would be impossible to induce
any OF these nations to delegate power
10 such H congress. 1t is believed they will
accept an invitation to Join in the prepara-
tioh of u Ilan to solve that which IL now one OF
inc worlds greatest fiscal and commercial
Promcms, Il problem which number Of these
countries are already considering by them
selves The promoters OF this plan be-
le'e. further. that this Is the only way