New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-06

TO MEET AGAIN IN BRUSSELS NEXT NOVEM-
BER.
1T LOOKS AS THOUGH THE PRESIDENT WANTED
THE DELEGATES TO URGE on EUROPE A
POLICY HE HAS REJECTED HERE
IRY IEIIGR LII u IRInLNE
fBy TELEGRAPH TO THE TRIBUNE


| lBy TELEGRAPH TO THE TRIBrNEJ
| Washington May 5.-Trc,dcnt Cleveland some time
ago got so far along in his conclusions as 10 the
course TO be pursued concerning the reasscmblng OF
the Brussels Monetary Conference that he Informed
the American delegates Of his purpose to send them
back, and requested the Belgian Government to notify
to Montcforc Levi. the president Of the Conference
his desire TO have the Conference rcconvencd. In re-
ply, the Belgian Government suggested the dcsirahiy
Of postponng the meeting until some time In the
fall and the President has had this suggestion under
advsement. 1t Is authOrtativelv announced tonight
that the Conference will rcconvcnc next November
Undoubtedly the President prefers delay. he
cause he really has definite plan OF action
TO propose. and ndcc,lon pleads for time But there
Is nothing In the probabilities that gives occasion to
hope for any good result Of delay.
Congress may meet in September. and the Presi-
dent intends that the repeal OF the sherman law
shall be- its first and prime business. He has sad
to the delegates who TO 20 Brussels that they
will back under their original acknowledgements
Ing that be has nothing or definite 10 suggest.
Their original Instructions were twOfold Your
first and most important duty" said Secretary Foster
in his official letter Of direction will nc 10 secure II
possible. an agreement among the chief commercial
countries Of the world looking 10 International h-
metasm-ihat IS. the unlimited coinage oi goin
and silver into money Of ful debt paying power at
a fixed ratio In coinage common TO all the agreeing
! Powers"
Tie effort 10 accomplish this instruction mil'1
utterly. ana delegates have officially Informed the
Government. not only that il failed. but that th'r'
Is possible hope Of inducing the European nations
so much 10 discuss that proposition further Tie
second instruction In these words Failing 10
secure international bimetlllsm, your next Important
duty will be 10 secure If possible some action upon
the part Of European countries l1ohing 10 larger
Of silver currency. IN order O put an end TO
the further depreciation Of that metal This alterna-
tive instruction. the other failnc. pursued 10 the
point where all the nations agreed that something In
! he Inc of it mieht bc accomplished N"rirns
schemes were proposed and cahoralcv discussed. hut
! before an agreement mad been reached the Christmas
| holidays approached and an adjournment OF som"
Kind became necessary. In discussing the nature ana
duration of hi, adjournment. Delegate McCrearT,
| speaking as a Democratic member Of the American
delegation. -slid: In country Admins
traon will take charge Of The Government on the
4Ih of March next. and then such action regarding
| this Conference as proper be aken.7
There but Interpretation Of course. 10 h.
put upon his remark The Conference perfectly
understood that the President WHO had appointed the
American delegation. and who-c party sentiments ac-
corded with those OF the majority OF H. had ic"n do
fcacd for reelection ana that the President rep
resented the party oi which Governor McCreary Wis
a diStin guishcd member. When De said that action
On the part of Mr. Ccvc!lnd's Government nccr,-
-lry, that II could 10 taken until after the fth
/
the adjournment was at once determined. everybody
perceived the propriciv OF waiting until The head
of the Government ~ whO-e invitation they pre-
cnt could have opportunity Of issuing fresh IN
struction 10 his delegates.
But It appears thai Nr. Cleveland has
new action" o. take. and that he wlshc, dele
gates return under thcir original Instructions. The
first part of their original ins,rucions-thai relating
TO international bimetallsm and free colnage-ls how
ever obsolete. The only part Of tber original In
structions which any Thing hc done IS that
which directs them to obtain from tie European
ons a larger use o. silver. Iui in View of the
preparations Mr. Cleveland is making to annul the
present silver purchase law here IN the United States.
| Tie American delegates are certainly ell
| titled to ask what he means by call
| Ing on ten 10 advocate similar propo-
siion for Europe. lie prOpo-cs 10 stop buyins and
coming silver here, and yct to imprcs EuroI" Into
buying and coming silver there. Tho American del
| csaie- may look Il TITLE queer urging In Mr.. cevo-
lands that the Bru-se, Conference shall under
take Il silver purchase policy while Mr. Cleveland him
self /, demanding that the American Congress shall
put end to hat policy.
The Administration Is now engaged In giving the
country object lessons Of Tie unfortunate effect, Of
the Sherman law. These object lesson. supplied
by interviews from the secretary Of the Treasury,
stating tia, Treasury notes ISSUED under the > cr-
nan law Will De- redeemed onll IN silver under GER
tam Grcnn, ,anccs. and then by Other interviews. when
hO.c circumstances have arisen, from IN" President
himself. Stating that they VIII beg paid Ia gold ana
t,a, nobody has thought Of paying t,m In any tAlng
cl-c Thee object r, have created panic. have
brought great propcri 10 disaster ana have caused
everybody who owns money to put h un1"r loch ANA
This /, fine work for a Government 10 engage In on
The Theory ,Ia' m II u, , "nGsn @ rG"SmT sn r pei
la, had the effect Of plttns mil'A, on millions
# money that Were ayailanie IN "'rh, & nSo M or ,nr
Ut IT,. The cry Of the West /, That more money Is
needed 10 do The bu>lncs- Of the country 1hat was
/ tho ttf horn a.
Does Mr. Cleveland think he can got that act re-
rcalcd by j-rlf>ng the cry and by giving new oc-
II IL" +, '"i anSS". moreover. ihq, me lqw
passage Of something else In illc Sam" interest
| WIt this something else will BE- H. Of co"r-". pir"
position. attribung It to another senator whom he
doe, not name. rhc senator he referred Ia. and
whose identity he held back. Is Mr. fnllnrr. OF
| other Americans In ana out Of public hir. hrh'N's
In deba1cd currency lie wlshc, dollar to be
dollar Bnt of conr,e th"rr must be- some .and,r, oi
can create II. II IL i mair grains Of gn'd tl'h;
cxpres ed in silver. 1t must be as many graln' oi
silver that number Of grains of gold Will buy ana
/ II the silver dollar !, not Just that. 1t ia nov
! Mr. Faulkner rropo-'d n ratio of twenty 10 one
/ instead Of sixteen 10 one. which Is now the legal
radio. Iiu the market ratio I, twenty four TO one.
nj NJ" tlat Mr. Faulkner, d5, IS that putting the
ratio at & Twenty r to one & ana l t9Gn 2r lH,s me,red
I'm gold. that about twenty 10 one viii become ui'
/ market ratio. lu that J. speculation.
his schcm" receives the support OF Mr "'f-
land rs It's advocate, openly declare II WILL II may
form the basis Of new instruction 10 the Nm'r'nh
delegation ~ lIu-sclS. MEANWHILE the itt' con-
| age part Of that delegation. In the ah-cn" oi any
/ other commit, ion than that contained ~ lh''r
original letter OF instruciiOu~ are cntiild u n"h'
~ much ~ they ~ the assertion that Mr. 'l'vr-
land wants the civilized world Ia 20 inip = 'ch''n'
! to buy silver The question VIII be- for ih'nl' rs
II /. now for n. What Shall bc done With u Aiur
f. obtained! Nothing T. ea,irr than To bhN 'hN'r.
nothing has Of late been more dincul, than TO put
IL into satisfactory money.