Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1892-11-29
LIMITING COINAGE.
just What Uncle Sam Is Not at
Brussels For.
SILVER SCHEME OF A RoTHsCHILD.

The Nations to Buy ss5, 900, 900 of Silver
Per Year and Divide 1t Proportionately
A Dane Has an Elaborate Plan-Arch-
bishop Walsh as a Financier-president
Henrotin, of Chicago, Presents His
Views to the Conference-SenatorT Teller
Not Happy But Certain of Free Coinage.
LONDON, Nov. 29.-At the international
monetary conference at Brussels Yesterday
Alfred de Rochschild presented proposal
Tor the international coinage of silver. The
proposal was that each government repre-
scented in the conference shall be associated
III the purchase of silver to the minimum
amount of e5,0O0,OO0 sterling, and shall
lake fixed proportion of this amount at a
limit of 4S pence per ounce. the purchases
to be made directly by the treasures Of t1.
various countries or through the agency
of financial institutions. IL is expected that
the British delegates will support this
plan in the interest of the Indian currency.
The proposal was referred to a special COM
mission of fourteen delegates.
What a Dane VIII Propose.
a Danish monometallist delegate has a
proposal which he will offer formally after
the Rothschild scheme has been debated.
His plan is the coinage of silver five franc.
four shilling, or dollar pieces, rated to gold
according to the price of silver in the year
previous to the adoption of an international
agreement, with seignorage of 10 per
cent. He will also propose the appoint
ment of permanent international com.
mission to fix the initial prices. Should
the price of silver fall to 5 per cent below
the coinage ratio the commission will have
authority to fix new ratio and order the
recolnage OF the pieces. These coins will
be legal tender internationally, banks to
Keep them as reserve against notes and to
have the right to demand gold in exchange
for them at any time from the government
issuing the particular coin held.
Complains of Senator Allison.
The Post, discussing the currency ques-
ton and the conference at Brussels, COM
plains that Senator Allison is a representa-
tive merely of the silver party of the United
States, and that therefore little can be
hoped for from the conference, as there
will be no chance to discuss any practical
arrangement to utilize silver as a subsidi-
airy currency. The Vienna correspondent
of The Chronicle says: ~The American pro
posals at the Brussels monetary conference,
being repetition OF the bimetallic pro-
Stamnle rejected at the conferences OF 1873
and 1881, have caused disappointment here,
as they fail to supply basis for further
discussion without raising false hopes in
the silver market"
walsh Calls for Free Silver
Tho latest champion of free silver Is
Archbishop Walsh who, in an interview, de-
ilared that the adoption of bimetallism
was matter of imperative necessity to
save the Irish tenants from inevitable ruin.
II things 60 on as they are. even the excel
lent land purchase scheme may become be-
fore many years are over q source of wide
spread disaster to purchasers under is. Ac-
cording to Archbishop Walsh's views for
eign competition is not at all the sole cause
OF the ruinous fall in the prices of agricul-
tural products The main cause he be-
lieves is the continuous rise in the value of
gold