The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-12-04


Rothschild plan by the committee of the
international monetary conference does
not finally dispose of the Rothschild pro-
posals. The minority Of the committee
who supported the plan are feeling their
way to taking a vote Of the conference on
the scheme with the amendment offered
IN the committee that no limitation be
made on the price proposed for the annual
European purchases. over and above the
ordinary purchases for token coinage and
metal, and that the purchases be employed
as money, either by coinage or as a metal
lie basis of notes to be issued These
notifications increase the value Of the
plan in the eyes of the bimetalIlSts.
When the conference resumes its session
on Tuesday, Sir William Houldsworth,
one of the British delegates, viii bring for
ward further amendments TO the RothS-
child proposals. As the committee recon-
mended n discussion of the plan with
amendments by the full conference, the
proceedings on Tuesday will probably con-
tnue on the Lines of yes erday s meeting, un-
less the American delegates decide 10 ask
the conference TO proceed without delay to
discuss the question OF International
bimetallism.
1t has transpired that the delegates Of
the countries belonging to the Latin
Union voted against the Rothschild pro-
Dosals on the ground that they were not
able to recommend their governments to
increase their stocks Of silver under linn
tied purchase system, and because the
countries in the Latin union could not IN
crease their present silver currency with
out international free coinage being estab-
lished With regard to the plan of ".
Moritz Levi, which includes the with
drawal of all gold coins under the value OF
90 francs Sir c. Freemantle, deputy
~ -. "a. r.fgaYsr . lasa4
he could not promise the consent OF the
British government to the withdrawal OF
its half sovereign pieces.
The independence Beige. in referring to
the meeting of the Latln Union delegates
held Yesterday, states that these delegates
decided not to lay their program before
the conference at present, but to continue
TO maintain an expectant attitude
LONDON, Dec. 3-Ihe leading financial
pauers, the London Economist and the
Statist, disapprove of the Rothschild
scheme and recur TO their preO iction that
the conference viii not adopt anything
practicable. An eminent authority
writes TO the Statist that he advocated tie
Rothschild plan for The sole reason that
delay in the silver collapse In the United
States would enable India and other coun-
tries to arrange their financial systems.
BLAND'S VIEWS.
WASHINGTON, Dec. Representative
Bland of Missouri, chairman of the coin
nge committee of the house, and the cham
rion of the free coinage Of silver, was
asked by an Associated Press reporter
what he thought would be the effect of
The failure of the international monetary
conference to agree on anything. He re-
piled:
Il do not see that it would have any
effect. ! never regarded II as amounting
10 anything more than makeshift 20 tide
ovar fbp election and npTnanS helm the
movement to demonetiZe silver. i always
regarded IL as having those objects in
view more than any real expectation of
doing good 10 silver. J do not think that
the public generally expect much of it.
do you expect anything from the con
Serence?'
Il do not; never did"
do vou think there is any prospect OF
silver legislation by this congress?"
From the way the Democrats voted at
the last session, no.
Aside from free coinage, what plan
would you suggest TO improve the tinan-
cial SITUATION
Il would 20 TO work and coin all the
bullion which has been purchased. That
would be great relief, because lt would
show that we were determined to make
money of silver the same as gold AT any
fixed ratiu 1t would also be a--means by
which the deficiency in the treasury could
be met
Don't you think that the proposition
. TO make silver a legal tender up 10 *
shows "A more liberal disposition towards
silver on the part OF Great Britain2"
mo. 1t would make it merely sub |
sdlary currency. W hat Great Rritaln |
wants is TO drive the United States to de
monetiZe silver-to make II simply = sub !
Ediary currency. What we should do i
40 drive Great Britain 10 the use
nf silver rs money. And we could do II.
We would only have 10 make money Of
silver aud Great Britain would have 20
net WIKI us; for she has too many interests
not 10 DO il. Rothschiid has stated that
Great Britain could not afford 10 do ANY
thing that would hurt us. Austria, Rus
fla and other nations are buying gold.
Suppose we should go into the market
after gold. We would beat them. The
price of gold would keep rising; there
would he a scramble for il, and then
crash, when the people would come TO
realize what this single gold basis means. "