New-York tribune., 1903-04-08
MONETARY CONFERENCE.
II. II. HANNA n MEMBER.
Plans for 4dUancing the Me.ricdn-
Chinese Currency Scheme.
rBr rELneEarH TO THE TRIBUNE. ]

Washington April III. H. Hanna. cf Ind
isnspolis. chairman of the executive co1rlnittee
OF the International Monetary Convention to
day accepted the place offered him by President
Roosevelt on the commission TO devise a plan
for an international gold standard system Of
exchange Charles A. Conant and Professor
Jeremiah W. jerks were appointed members of
this commission last week place ON the
commission was offered TO Mr.. Hanna at that
time hut & was impossible for him TO arrange
his private engagements TO allow Of an accept
snce until to-day.
A discussion OF the work to he done by the
commission was had to-day between Secre-
taries Hay. Shaw and Root and Commissioners
Conant and jerks 1t was said at the con-
clusion of the conference that the whole pan
had been canvassed and that the original prop
osition. outlined in the Joint diplomatic NOTES
OF China and Mexico presented TO Congress be-
fore it's adjournment. would be adhered TO-
Mexico will undoubtedly appoint E. c. Creel as
its representative in the conference AS the
present plan is 10 arrange a meeting In Lonooh
In May II is doubtful II China can have spe-
cial representative present. China, however
viii support the plan through her diplomatic
representatives at the places Of meeting or the
commission.
The first conference is TO he held in Lonoon
when the British Government viii be asked to
there VIII doubtless be carried on with the head
OF the colonial government. AS yet Great Brit
an has not been approached on the subject II
was said to-day. however. that a diplomatic note
asking cooperation would doubtless De us
patched 10 her from this government in the I'M
mediate future. A board of British colonial Oh
ficers Is now sitting in London discussing none
rary plans for the British colonial possessions IN
the East. and II is the desire Of the American
tom In IN
don before the adjournment Of this board, in
order that general interchange Of ideas may
he had As soon as this has been accomplished
the commission viii go 10 Paris, where si111l-
lar board 10 that of the British colonial OIL
GERS is sitting
There viii he no attempt to bind the partici-
r,ating governments to the plan by treaty
general understanding is 10 be sought whereby
each country. acting separately. will put the
plan for an international system of exchange
.nto operation through appropriate legislation
II IS held that the adoption Of the plan would
result in each of the silver using countries coin
fng a designated amount Of token silver coin
which il would maintain at certain ratio Win
gold This ratio will doubtless conform 10 the
ratio established by Congress Tor the Fhlllpplhe
1slands-32 10 J.
The present plan is for the departure Of the
members Of the commission for London about
May 15. The matter Of a fourth member Tor lhe
American commission is still under discussion
1t has been thought desirable 10 have four'h
-nen,ber = the right man could be found An
ex-diploTnat of starding added to the con1nls-
sion il is believed, would strengthen its lnnuence
abroad This matter. however, is still unde-
cIded The appointment Of Mr.. Hanna Is re-
earded as a recognition by the administrator
of the work he has done for the gold standard
. One IF tba TOPICS of discussion at the confer
eDce to-day was the matter Of instructions Tor
the American commissioners While nothing
definite was decided there is question that
Secretary Hay Will prepare written instructions
fer the guidance of the commission.