The Superior times. [volume] (Superior, Wis.) 1870-1912, 1892-12-03
WILL AGREE ON A PLAN.
Delegates at Brussels Expec. TO Adjourn
Soon-MnHatary IuzyI. so,vaa

G.
soon-MnEetary Iuzzie solyea
BRUSSELS, Nov. 29.-The entire sue.
cess OF the monetary conference now
| seems assured, and, with the prospect
OF an early agreement being achieved.
no one talks Of possible failure, which
at first was the only prediction made as
TO the outcome of the meeting. Scrap
idly has the optimistic ceiling grown
that 1t is reported that the con rerence
Is likely TO conclude lis iabors next
week. 1t was said last week that the
session would last until after Christmas,
CT the committee that will consider
the proposals five members are ayoyed
hi-nefalHsts, slX are nono-met etal!ists and
one Is doubtful. The committee will
SIT twice each dav. 1t is the general
expectation that VI. de Rothschild's
proposals viii be accepted by the COM
mittee and then referred for adop-
ton or rejection TO the conference
and the governments represented with
mndlhcatlons suggested by the schemes
| OF NJ. levi and rrof. s,rtbeer one of
the notifications will undoubtedly be
that ali gold COINS below the value of
70 francs he withdrawn from circulation
and replaced by silver notes.
Frof. S,rtbeer plan Is 10 establish one
gramme OF fine gold as the international
unit OF value and TO stop the mlntlng OF
coins containing less than 5sO65
grammes of pure gold. The circulation
OF coin OF foreign countries of less than
the new standard Will be prohibited by
the countries signing the agreement,
and gold coin Of inferior value will be
Withdrawn within five years. Pri-
vate individuals will be allowed
10 coin gold upon the pay
ment of an agreed seignorage.
Gold certificates may be issued against
gold held III reserve. Prof. Soctheer's
plan also includes the coinage of silver
| IN the proportion Of - value units of
that metal to l OF gold, but private in
| dividuals will not be allowed free COIN
age OF silver. P1of S,rtbeer's plan has
| been discussed in financial circles for
some time past, and is well known TO all
persons Interested in solution of the
monetary problem.
| The adhesion of the German dele
| gates is now considered certain, as Herr
| Decbend, formerly president Of the
| Reichsbaak, approved the main lines
| of Prof. Sntbeer's proposal. The
| French representatives. will also accept
! the plan of Prof. Sutbeer. which Was
| communicated by N. Tirard, French
! eX-miuister Of finance. This plan WAS
favorabIy received by all the French
| delegates before it was submitted TO
! the conference. The American dele
| gates have strong reasons 10 be
satisfied with the recognition, of
| the advocates OF mono-metallsm
| and the seriousness Of the dangers aris-
| ing from 3 further tail in silver. They
! are disposed 10 support NJ. De Roths.
| chiId'a proposals on the principle that
| haff Il Loaf is better than no bread.
/ The Indian delegates are also pleased
| with the proposals, as they Will assist
| the conclusions Of the Indian currency
| committee, and their acceptance
will free India from the fear
| Of large fall in silver. The American
| delegates believe that the continuous
| absorption of 50, ,GOOUO0 ounces Of silver
bv the European powers would bring
about artitcially a condition Of the
| silver market which international
| bi-metalism could establish per-
| manentiy and scient tically for life.
The committee appointed to consider
the proposals OF Aired RothschIld,
| which we're presented TO the confer
| ence yeste rday, is made as follows;
sir {. Freemantle, Great Brltaln; Sir
| Guilford /. Molesworth, India; Henry
W. Cannon, United States; NJ. De
| Fovile, France; Signor Sim@nelll,
Italy: f. Tietjen, Denmark; \. F.
| Van der Berg, tie Netherlands; lians
l.. lorsell, sweden and Norway; Senior
Osma. spain; NJ. Cramer Frey, nNltzer-
land; NJ. Sanctlet.o and NJ. Ratiato-
| witch, Russia; Alfred De Rotnschild,
Great Britain, and VI. Nontehore Levi,
the president Of the conference, are eX-
| onicio members OF the committee.
Tie plan oI Ar. De Rothschild. re-
| porteG in these dispatches Of yesterday,
is in brief that syndicate OF the ma
tious be formed to make yearly pur-
chases Of silver to the amount OF t2,Go,- :
900 sterling, and that America continue
her purchases OF silver as at present.
| In the event Of the price OF silver rising
above IS pence per ounce. the pur-
chases are to be at once suspt nded.