The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-11-30
ROTHSCHILD'S PLANS
The American Delegates VIII
Support Them.
CONFERENCE TO END NEXT WEEI
Professor soetbaer Also Has Plan Fixing
an International Unit of Value
for Gold Coins.

BRussELs. Nov. 29.-The committee ap-
pointed yesterday by the international
money conference to consider the proposals
of Alfred Rothschild will also consider the
plans suggested by Levi and Professor
Adolph Soetbeer. Professor Soetbeer's
plan is to establish one gramme Of fine gold
as an international unit OF value and stop
the minting Of coins containing less than
5.S065 grammes of pure gold. The circula-
ton of coin of foreign countries ofless than
the new standard to be prohibited by the
countries signing the agreement and gold
coin OF inferior value to be Withdrawn
within five years. Private individuals to
be allowed to coin gold upon the payment
of an agreed signorage and that gold certi-
fcates may be issued against gold held in
reserve. Soetbeer's plan also inclndes the
coinage of silver in the proportion OF
twenty value of units Of that metal to one
OF gold, but private individuals will not be
allowed free coinage of silver.
OF the committee that will consider the
proposals, FIVE members are avowed BIZ
metalists, six mono-metalists and one
doubtful. The committee will sit twice
each day. 1t is the general expectation that
Rothschilds' proposal will be accepted by
the committee then referred for adoption
or rejection to the conference and govern
ments represented with notifications sug-
gested by the schemes of Levi and Soet-
beer. One of the notifications undoubt-
eddy will be thai all gold coins below the
value of twenty francs shall be Withdrawn
from circulation and replaced with silver
notes.
The adhesion OF the Germany delegates
is considered certain as Dec Bend, for
merry president of the Reichsbank, has ap-
proved the main lines of Soetbeer's pro-
posal. The French representatives will
also accept the plan of Soetbeer, which
was communicated by Tyrad, French ex-
minister of finance. This plan was favor
ably received by ell the French delegates
before il was submitted to the conference.
With the prospect Of an early agreement
being achieved nobody now talks of fail
ure of the conference, which at irst was
the only prediction made as to the outcome
of the meeting. So rapidly has the opti-
mistic feeling grown that il is reported the
conference is likely to conclude its lebors
next week. 1t was said last week that the
session would last until after Christmas.
The American delegates have strong
reasons 10 be satisfied with the recognition
of the advocates of recommendation and the
seriousness of the dangers arising from n
further fall in silver. They are disposed
to support Rothschilds' proposals on the
principle that half loaf is better than no
bread. The Indian delegates are also
pleased with the proposals, SIS they will as
sist the conclusions of the Indian currency
com mittee, and their acceptance will free
India from fear Of large fall in silver.
The American delegates believe that the
continuous absorption of thirty million
ounces of silver by European powers would
bring about artihcially condition of the
silver market which international bimetal-
ism could establish permanently and sci
entificelly for life.
The delegates are combining some pleas
ure with work. An Interchange of dinners
proceeds almost nightly, and the American
and British representatives have been to
the performance of the English company
paying Faust Up to Date" In Brussels,
at the conclusion OF the conference. the
burgomaster contemplates giving grand
municipal ball in honor Of the delegates.