New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-08
ruEMONETARY CONFERENCE
~ur RoTHSCHILD PLAN MAY BE TAKEN UP
AGAIN
r,SSoN ASKS THAT THE AMERICAN PRO
posALs BE DIsCUssED-ATTITCDE OF
TIE FRENCH DELEGATES.

p,uose1s Dec An important secIion vi Vi'0
,-..rrational Monetary Conference holds that MI
= potbschild's withdrawal of his pan Tor soiu-
- of the silver question docs not depar the lur
49,, discussion of his proposals by the conference,
-. committee TO which the plan was relerreo
-, presented it for the consideration oil the
c.r,ercnce, thus taking IT out OF the hanos oi
Mr.. de Rothschhd. ,rho
...norts the De RothschiId plan with the Mori!z
~, amendment substituting silver 1or smali
-:d coins. will hold conference with oir -
r,amantle. one of the British delegates ana Dep-
.,.,, Master of the British Mint and senior loca'
: Saanish delegate, on the question OF putting 'ne
.rended De Rothsehild plan to vote OF 'he .oh-
s.rsnce Both Senor Toca and NJ Salnc'elette
Mid that failure of the Conference can yet pe
.v.r,ed BY a majority of the delegates reconi-
m.pding either the Levy project or tne ah'ehaeu
De Rothschih plan A.
n.nish delegate, is treated with indifference ~
NAV be dropped without discussion oy 'he Oon-
ference. u,soou.,
The proposal advanced by Sir C. Houldswor.h,
though applauded by the pronounced pine'"iin'
delegates yesterday, is not consldereo oy HIS ooi-
,.acwos worth wasting time over in discussion.
,o.morrow. and will not be heard OF again.
m. uncertain attitude of the French delegates
4. ;nsuencing the other representatives whose
aonntrps belong TO the Latin Union. 1t has been
cans. Of COMPLAINT tlrat other members who arc
assirous Of frank opposition TO or cooperation III
,ho De R.thschild plan communicated these pro-
.nsoIs to.the French delegates before they were
srhm;,ted TO the Conference, and were led TO be-
r.vo that the French delegates would support tie
n,n Had they believed otherwise they would
have reconsdered the question of presenting the
nan II is the opinion of many OF the delegates
,hot the French Government does not desire the
Conference to decide anything.
An interview has been published here with
" Leon Say. the well-xnown French fnancier.
n Sov declared that he thought the attitude
Of both the English and American delegates
was n dcplorable one, especially that of the
Americans. who appeared to be without any deli
nite proposals Say could not understand why
the British. as practical business men, wanted
the assistance of France in matter which was
their own concern. In regard to- the DE
Rothschid proposals, NJ. Say declared that he
thought they solved nothing, and he added that
he thought the deliberations of the Conference
would end in nothing. NJ Says remarks de-
fine the action of the French delegates, who crti-
else everything that is said in the Conference
or in committee, but who suggest nothing IN
exchange. The opinions among the delegates have
become sharper and more clearly defined, the
partisans of the single and double standards
proving more irreconcable as the discussion
develops
Henry w. Cannon, one of the American dele
gates has asked the committee to discuss the
proposals of the American delegates. as stated
to the plenary conference These proposals sub
yantially said:
1t is generally admitted that large depreciation Of
silver compared with goi and frequent violent huctua
tons OF gold price OF silver incident thereto
have been Injurious the commercial and other economic
interests Of all c,i!ize countries, and have caused and
are causing evils and inconvenience to trade the
un extent Of which cannot be measured. II is the
unanoOus opinion OF the people Of the United States that
the estabushment Of fXy OF value OF gold and silver
and the full Of silver as coin metal, upon ratio
fixed BY agreement between the great commercial nations
Of the world. will greatly promote the prosperity OF all
classes people They however arc not unaware OF
the fact that public opinion in some other countries whose
cooperation in successful movement is most desirable is
fully accord with the American views OF the prac'
ticabiiy Of such agreement
They believe that sentiment in favor ot larger use
Of silver steadily growing throughout the world and that
he time is propuous for holding International confer
eare 10 coasder the subject. The Government OF the
United States, while frankly disclosing s own views OF
the proper remedy be applied, does not WISH 70 impose
any conditions that Will cmbaass any Government Will
ING confer the question OF the most advantageous
relation OF silver 70 the coinage Of the world. The Gov
OF the United States for these reasons proposed
the Powers for the purpose Of conerrng and
determining what any, should be taken 70 in
erase the use Of silver as money The United states
delegates in conformity with the general purpose OF the
Conference. submit the following resolution
THAT the opinion Of this Conference, it is desirable
that be found for increasing the use Of silver in the
currency system OF the nations OF the world"
Ia presenting, requested, further programme tho
delegates OF the United consider IL due 10 other
nations that opportunity be afforded them TO consider
plans other than those favored by the United States 1t
Is desire and expectation that the Powers repre-
submit proposals looking 70 this end We desire
that these proposals shall precedence In discussion.
In addition to other plans that may te presented
submit the following which are suggested by recognized
authorities:
First, plan which Mortz Levy proposed Con-
ference Of 1881 second the plan Professor Soetbee
snG lastly, plan.
The Government OF the United States believes that the
reesIaolshmsnt ard maintenance Of fixed parity between
gold ami silver and the continued both coined
money OF full debpaying power would be productive Of
important benefits 10 the world.
These ends will be accomplished by the removal Of
The legal restrictions new existing and hc Coinage Of
silver into fr legal.iender money restoring by inurna
uona agreement parity Of value between the metals
such ratio as the conference NAY decide upon The es
sentals Of such International agreement should re:
frst-Ihe unrestricted coinage OF Oo, gold and silver
into money of fuI debtpaying power.
seeond-Fixing ratio In the coinage between the
Eetls.
Third-The establishment Of uniform charge II any,
70 the public for mining god and silver coins.
NJ. Montcfore Levi, the president of the Confer
ence Opposes tic committee proceeding TO dis
euss the American proposals. lie bases his OBJ
fcton9 ON the ground that the committee was ap~
pointed TO discuss special question Oh reference
lrom the Conference. and that the American pro-
p0sals are related 10 fundamental principles that
would better come within the authority of the
Confecencc. \ majority Of the committee concur
In the opinion Of President Levi
Mr. Terrell. the American Minister 10 Begium,
WILL give banquet IN honor Of the delegates to-
morrow. The municipal reception at tie Hotel
&c Vile has been fixed Tor December 10. Tins
Will end the fetes in honor oil the delegates until
alter Christmas.
. L. Benjamin Andrews Of the American dclcga-
aon, and J. NJ. Boisseyan, OF the Netherlands,
Mui speak in favor OF the American plan when