Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-01-02
rnE BRUSSELS CONFERENCE.
senator Allison say. rh.s n We. E.c.~r~.
ting 20 utnesaili-s.


senator Aiissen say. rh-s 4, We. E.c.~r.s-
ting Co Hitn~s.iii-s..
Speaking sboIt the moaetSry eoufereuc.
Senator Allison said,to . New York Bsrald
reporter;
In come respects a was very satisfactory. n
Others II was not IL you ssk me Cor tangible
results must admit that there are few. But
breaking the ground. You know. {. g. important
part OF progress as building the house. and 70.
did break the ground for better things ~ come.
Just what those things will be IL 10 impossible.
for me to say or for any man TO predict.
This much. however. is certain. thu, tho
delegates who took part In thus cor ference and
who were al men OF fine intellisence. went s~.v
IN hopeful. earnest frame Of mind. more ,haa
ever convinced OF the impcrtnnc.-I ma, a.,
the necessity-of taking some general srt,on An
regard 10 tins vast monetary QUESTION
That conviction In itself I cousider a most
encouraging sign. for there 10 nothing o. hard
Ignorance and apathy
Before this conference many ~ ths Tnro-
I pesn delegates were not keoily aliv. 20 IN, IN,
portance % problems which th.v hsd t..a
called rpon 70 solve or n. urs-ucv - andins
some solution. Now all D. different -.
struck BY the general deposition IL tho ..-.m-
bly, to admit that the ekisfia az monetary r.i.-
/ lions Of civilized nations we're nusati.f.rt,,ry
and calculated 20 seriously hamper and Chez.
the carving on and development % the world .
commerce"
Was any plan % international .r,i,p pro-
posed which especially co,umrnsied Itself 70
you?" asked
There were plans proposed without END .,s
IN all languages. That was sbout all Ne dad -
propose plans-eNcspt % criticize the oth., "a
lows plans. I don't think 4 can sn.rif, a.,
one OF them. however. which could l.. cou.ii-
cred satisfactory. That would b., too much "a
expect at this early stage q the conferences.
whleh AZ the best has been hardly more thAa
tentative in his character"
What suggestion did Won iaake ,ourSe,fs.
| NV remarks have been pu oiishel IN French
and English, and vii be given out here an du.
time 1 may summarize them however. by
saving that l advocated strongly the free coin
ing OF gold and silver at the ntnts 81 IN.
nations entering into the union. with a pro
vision that certain ratio between gold and
silver be maintained
do you mean a ratio between the quantities
Of gold and silver coiued?"
| Certainly not for I believe fu ,ci,i,s N
| the gold and silver that L. presented m. MO
refer TO IL between the Hlues Of the two
metals as coined into dollars IL the
number Of grains in each
| 'Csn that ratio be maintained bv law"
II think II can Here the senator smiled
at my incredulous look and ADDED. "You have
been poisoned IN YOUR ideas on the silver ou.s-
tion by reading the text books Of our college
professors. They are good men brilliant men.
learned men, but-however. that is another
question.
Yes, sir. I do think that the ratio smoke ~
can be maintained by law. You think IL viii
nuctuate with the varying production from the
mines OF silver and gold. but such has not
been the case IN the past. Hundreds 20 MI
! lions OF gold were poured into circulation
during the California excitement Withou, Affect
ing materially the relative 'alue Of gold and
| silver.
The fact is the gold of tho world is of very
little absolute value for the art. ina-pendent n
Its fictitious value as a legal terder. n the
governments OF the world -hould agree to
abandon the Use Of gold : money v hat do YOU
suppose would happeng
II will tell you. There would be- 81 90 600
OV0 worth OF gold or rather what had been
| worm mat amount at oEE present valuation.
dumped into the market bullion. 10 be
changed INTO iewelry. teeth filing &c.
How long do YOU suppose IL would take the
civhized world to use II up. allowing for tire
normal rate OF incresseg Not lees than 100
wears That is a fact Now suppose the world
had on hand supply Of clothing sufficient 10
| MI ITS wants for century 20 come. What
would happen? Clothing would GO down lie
shot. wouldn't 1t, and become ridiculously
cheap? The same would be trle If gold.
Il merely give Won this argument which va.
one OF those used with effect on the Brussels
Representatives, 10 show that. however YOU loox
at II. the values OF these metals used for MONEY
| Whetner there be one Of them 80 two,
are fictitious. So, what difference doe. a.
make IL the ratio between the txo dollars /.
maintained by law? IL all countries agree ON
maintaining it there will he no trouble"
L asked the senator how his arguments IN
favor OF the free coinage OF silver Nere re-
ceived by the European delegates
mot very well. I must admit" he answered;
but L did get them to acknowledge that Their.
was much to be gained by the moro abundant
use Of silver in their coinage as far ss would b.
consistent with their present mono metnlllc
system"
Senator Allison expected TO remain in New
York until this afternoon, when he viii come TO
Washington.
Senator Jones is still in Brussels Henry W.
Cannon ID in Genoa aud Prof. Andrews and e,-
| Gov McCreery are also the other side. Thev
| will all return soon. will Prof Faulkner of
| the University of Pennsylvania, who was secre-
tary of the delegation and viii bring back the
formal reports.