The Providence news. (Providence [R.I.]) 1891-1906, 1893-02-08

We're OF special interest. There wer,
gan. and others came in later, making &
good-siZed audience.
President Andrews reviewed the his.
tory OF the worlds monetary conferences
and said that down to 1873, there had
been practically free coinage Iu that
year occurred the demonstration of sill
yer by Germany. The breaking away of
the two metals, gold and silver, Presi-
dent Andrews said, was new phenomenon n
In human history. The decentralization
OF silver by other nations was spoken of
and the statement made that the trade
between the United Stat S and the silver
world ought To be hundred times greater.
Continuing, President Andrews said:
About year ago the president began
negotiations for another monetary con-
ference. SO on November % last there
came together at Brussels fifty men re-
presentlug twenty nations
Nearly every man was of repute in
his country, There were the political
representatives and the representatives
OF big banks, national banks, aud repre-
sentatives especially familiar with the
coinage interests Of the country such
men as Mr.. Leach, director of the mint
''One of the ideas put forth was that
the time had come when money must be
considered AS an international affair.
we found that IL was universal ex-
pectation that the United States would
lead off in everything. When an
preached we said that we won d submit
something on Friday. II was Tuesday
when we spoke.
"At ,asV wo had the document ready.
We mad to translate it into French as
that was the language of the confereuca
Senator Allison made an address an
ended with a resolution that il was tn.
opinion OF the conference that "A larger
place for silver was desirable
NV e found 1t not best TO press the res
oluton to vote. We found that the Ger
man and the Austrian delegates had been |
instructed not To vote OH anything with |
out hearing from home. III Vote had |
been taken the resolution would have |
passed by large majority.
I'VE put forward another plan which I
has been spoken of in tne newspaners
The preponderance of opinion was i'm e.
vor of the United States proposition. We
found that England was very anxious In
have something done. But vote was
not pressed on this, either, for the same
reason rs before.
There was the proposition to bring up
the price or silver by taxing the pro-
ducers of silver: there WAS a plan I'm
favor OF getting up system OF bi-metal
llsm on the basis oil The market relation
oil gold To silver there was "A plan that
the nations should form a league and
nave JAc udblOudl DdnhS receive All The ri |
Yer aud give back IA certi licate of the yaIue
that the silver was at the time of de- osit
there was another Ger icate plan AN in
ternatlOnai plan based upon Secretarv
Niudom's idea, that silver should ha
brought In and tnat certificates shouId be
xiv, out by lie government of the vain.
hat The silver was wnen brought in
This last pial was one OF the besC offered
Not that 1 believe III II for any one ma |
tion. tut II might do ii "a number of ma.
tions adop.ed 1t.
" Inese b, as plan that warrants for
pig silver should De issued under an in
lernational agreement. Another was Mr.
plan. IL had the least i'm it
Dt uuy plan presented. There was still
anJt her plan put IN, which will probabIv
amount TO something. 1t was plan for
+ @ withdra al of Eng ish gold pieces OF
he smaller demo uluaJiOns and the sub- ,
'titution Of silver Tor them, TINS
making larger market Tor silver, and so ,
bringing its price up. There was not one
voice against thus plan.
AT last we were confronted with tho >
holidays aud ali the Eur peans desiieI 10
vas carried. =.
"On the whole the conference if il !
hould stop Just now can be said To have
Iroused pubic opinion"
n vote OF thanks was extended prasi
lent Andrews 10y the board.
AT the business meeting Presiden,1 .
Iewis Peirce ocCup led the chair. LIN.
euce a lockwood, David BalIou. G' ore II
ulIer, william h. Gormley, EINard q
Greene, Jr., john &. Hebden, James b
I. MOseley, George VI. Snow, l.. A JHl. =
ughast, NOluey W. Mason and olnev
uman we're admittel TO mem bersblp'
committee consisting of Arnold II
hace, John G. Hanrahan, James r.
ihodes. h. +. Aldrich aud h. "A. Robin.
Dn was appointed TO take action In re-
ard 10 de .nurrage charges.