Rensselaer Republican, Volume 25, Number 14, Rensselaer, Jasper County, 1 December 1892 — THE MONETARY CONFERENCE. [ARTICLE]

THE MONETARY CONFERENCE.

The American Delegates Submit Import, ant Fropoalttons. At the meeting of the International Monetary Conference at Brussels, on the 25th, Senators YY'iiliam B. Allison and John P. Jones set forth the American proposals and reviewed tlm monetary situation in the United States and other conn* tries represented in the conference, They submitted a general plau on bi-metalisra offered by the United States, showing that the re-establishment and maintenance of a fixed parity between gold and silver, and the continued use of both as coined money, of full debt paying power, would be productive of important benefit! to tbe world, The American delegates also submitted a resolution declaring that in the opinion of tbe conference it Is desirable that means be found for an Increasing use of silver in the currency sj stems of the Nations. A document, proposed by tbe American delegates and presented with tha resolution, explained that they

wished that an opportunity be afforded to considerllicifplhns. English influences aro evidently busy fn opposition to American schemes. The Englrsinrelegatcs hardlA make any concealment of the fact that they mean, if possible, to make the conference abortive. They privately bint that the object ol England’s representation in the conference is to enable the British government to tel; the government of India that they have done all that is possible, and that if no agreement can be arrived at, it is because the problem is an jnsolublo one. The document submitted by the ArheiTean representatives concluded as follows: These ends will bo accomplished by the removal of tbeJegal restrictions now existing and the coinage of silver into full legal tender money, retiring by International agreement aparity of value between tho metals at such a ratio as the conference may decide upon. Tho essentials o* s ueli ah-in tar national arrangernent shoulet bo. 1. The unrestricted coinage of both gold and silver into money of full debt paying pawer. 2. Fixing a ratio of tho coinage between the metalsr 3. Tho establishment of a uniform charge, if any, to the public for minting gold and silver coins.