, 1892-11-30
FIXING MONEY
So That it Will be the Same
Worth the World Over.
what the International Delegates
At Brussels are Doing Toward a
Matter That is OF Much Interest
To The People.


At Brussels are Doing Toward a
Matter That is OF Much Interest
TO The People.
LONDON, November 8O.-The Daily Tele-
graph suggests that silver be made legal
tender up to the amount of "a, in order to
secure the inviolability Of 60 pieces. It
continues: "Evenif the conference should
adopt Rothschild's silver plan it might be
months, perhaps years of negotiation be-
tween the different governments before
anything could be actually done, but it is
universally felt that Rothschild has done
great service to commercial interests by
aYerting the utter smash Of silver through
the utter collapse of the monetary confer
ence."
The Standard says: 1.-THE silver market
is not favorably impressed with Roths-
child's scheme. The more the scheme is
examined, the more patent becomes its i'm
practicability. A collapse Of the monetary
conference is expected in all thoughtful
circles.
The News says: 1T is understood the
proposed limit of the legal tender of silver
will be reduced to "a. 1t also suggests, in
asmuch as Sir William Harcourt selected
Rothschild as a delegate to the monetary
conference, the last named gentleman has
received an inkling that the British gov
9rnment will support his scheme.
BRUSSELS, November 30.-The committee
OF twelve, appointed by the international
monetary conference, to report on the pro-
posals submitted by Rothschild sat yester-
day eight hours with only short interVel
for luncheon. The members have ar
ranged to give exclusive attention to the
work of the committee, so as TO be able to
present an exhaustive report to the con-
ference. Several experts uot delegates to
the conference offered to give evidence on
the production of precious metals and 9TH
er points relating to the deliberations, but
the committee declined to hear witnesses
on any side of the question. 1t is under
stood that the committee will take, as the
nearest approaching accuracy, the statis-
tics prepared by Ottoman Haupt. espe-
cially for use of the conference, giving es-
Inmates compiled from the latest data of
the monetary stocks of the world and an
nual production and consumption of gold
and silver.
Senator Jones one of the American dele
gates, has prepared a special statement of
the consumption and production of silver.
The committee has consented to request
the Danish delegate, q. r. Teitgen, to sub
nit his plan as an addendum to The Roths-
child plan. Teitgen is a monometalist he
proposes the coinage of silver five-franc,
four-shilling or dollar pieces, rated to gold
according TO price of silver In the year pre-
vious to the adoption Of the international
agreement, with seignorage Of ten per cent.
lie also proposes the appointment of q per-
manent international commission 90 fix
the initial price. Should the price of silver
fall below i've per cent of the coinage ratio,
the commission will have authority to fxa
new ratio and order a recoinage Of pieces.
These coins shall be legal tender inter
nationally, the banks to keep them as
reserve against notes and have the right
to demand gold in exchange for them at
any time from the government issuing
particular coin held. The members of the
committee decided their proceedings must
be kept completely private until definite
decision is attained. They will not COM
municate to the delegates not belonging to
the committee the progress they are making
in the discussion.