The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-12-02
The BRUSSELS CONFERENCE.

LONDON, Dec. IA special correspon-
dent reports today that the committee OF
the international monetary conference ap-
pointed to consider the proposals sub
mitted by Mr. Alfred de Rothschild, one OF
the British delegates. voted last night
against the scheme submitted by Mr.. de
Rothschild. This, however. the CORES
pondent adds, is not taken as bimetallIst
defeat. The committee will now proceed
to decide upon the ROthschild and Soetber
plans with the notifications proposed OH
behalf of the Latin Union. l. IS expected
that besides a majority report OF the COM
mittee, a minority report, signed By the
dissenting members will be presented to
! the conference tomorrow.
When the conference first met there were
many predictions that its deliberations
would result in II failure. After the COM
mittee was appointed to consider the sew
eral plans proposed a highly optimistic
view was taken or the results thaG would
be achieved There is now another Fe-
yulsion of belief, and it is said that the
proposals of an early agreement by the
conference on any of the plans has become
more remote than before.
The committee today continued to con-
slider the report it Will make to the con
| ference.
! The American delegates maintain re-
serve as 10 their attitude on the ROthscAiid
! plan. They believe that whatever the re-
! suit of the conference may be, the general
Discussion will have and is having II great
effect Iu educating the European delegates
Oh the currency question. Oue OF the
American delegates, who is banker, is
doing all he can TO promote the various
proposals, under the belief that ir Will be
necessary for tne United States to rescind
the silver purchase act and wait tIll
Europe shall have reached an agreement
in regard to silver. Whatever proposals
are mooted there is small danger that the
American delegates will get entangied IN
any Of them.
BRUSSELS. Dec. 1t is understood this
evening that the report has been drawn
up by NJ Ratfaioyitch of the Russian dele
CATION of the special committee appointed
to consider the different proposals and re-
/ port tomorrow, which will explain that
the committee has not come to a formal
decision and that the views of the indIvid-
ual members of the committee will be
given. These are generally favorable to
the Rothschild plan The chief difficult
ties encountered were the price at which
silver should be purchased. the duration
Cf the proposed agreement, and the aJti-
tude of the Latin Union. Nobody believes
that the Rothschild plan VIII lead to a
working scheme, nor Is anything expected
from the plan which Mr. {. Z. Tietgan,
the Danish delegate, will probably sub
nit Tue whole work Of the congress VIII
be devoted to the question OF international
bimetaliSm, which the Americans are de-
termined shall he thoroughly discussed
New YORK, Dec. Hon. II. c. Cannon,
PRECEDENT OF the Chase National bank OF
this city. IS the American member of the
committee appointed by the Brussels
monetary conferences 10 consider the PLAT
proposed by the English delegate, Mr.. de
RJtuschild. Ii Is understood that Mr.
Cannon will probably vote chat { he confer
euce consider the proposed plan in an
amended form. Mr.. Cannon 5 views are
stated as follows:
"If 10 monetary agreement IS reached
through the efforts of this body. and II The
United States fiad no responsive voice TO
its appeal for the restoration OF silver, Il
will then conclude that the best coarse
would be to repeal the law 0f Ju!y, 1870
and 70 out OF the market as a purchaser OF
silver for currency purposes until sucd
time as az International agree lIlenl can De
made as TO the relative value OF gOli and
silver Il IS no- possible Tor the United
states alone 10 fiX aud maintain ratio De
tween gold aad silver for ali The world II
gold mouOaetai!'>m Is 20 prevail among
tBa principal commercial nat0us. toe
United States. Wltl it, enormous aud lu-
creSsIng foreign comWer~e, aISa cT-aI',
large stock of gold and rlcI in.nes OF ihe
same metal, VIII b. compelled not on.J 10
cease purchasing silver FOR CugCency pur-
poses. but 70 take such steps IS mas ue
necessary TO maintain Is STOCK OF gold"