Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-11-30
The MoNs1ARY CONFERENCE.
Wsii-Street Bankers Interested In Do
Rothsohiid's Plan-Brusseis Advices.
m. ..,..-....,. 20 ,ta nt.natchl

NEW YORK, November 2p.-The Wall-street
bankers take deep interest In the plan pro
posed by Alfred de Rothschild at tho inter-
national Monetary Conference Ia Brussels rs .
means OF solving the silver problem. As theso
dispatches have told, his scheme is Tor tne ua-
tions represented at the conference 70 agree 70
purchase c5,00O,00O worth Of silver year,
provided the United states agrees TO continue
It's monthly purchases. aegregattng 54,0OO,oOo
ounces year. tho agreement 10 last I've years,
price of silver goes up TO 43d. an ounce -
As rule, the bankers look upon lne
proposition as make-shiit, at best, athougn
most OF them are waiting for detailed accounts
OF tho proceedings 10 Brussels before forming :
final Judgment on the merits Of the plan. Iney
have hopes that the conference viii lead 10
better general understanding among ns'ions
as to financial legislation and cooperation
THE COMMITTEE on PLANS.
BRUSSELS, November 29.-The committee ap-
ence 70 consider the proposals OF Mr.. Alfred ae
RothrchIld, which we're presented 70 the CONFER
ence yesterday, Is made up ss follows: or -
Freemautle Great Brittany, Sir Guiforo IL;
states), N. de Foviile FIencel signor
simoneui Qtaly), G. ?. Tieuen Den'
mark, n. z. Yanderberg C1he Neither
lands, Hans L. Torsell Sweden and norway
Senior Osml (Spain) NJ cramer Frey (switSer-
land, NJ. salnctlettO belgium, and N. karalo.
witch Russia. Mr. Alfred DE Rothschild Great
BRITAIN and VI. Montenore Levi, president OF the
conference, are er-9FeiO mombers.
Tho committee will also consider the plans
suggested by NJ. Levi and Professor Adolpn
Soetber The plar OF Mr.. De Rothschild has OIL
ready been announced 10 these dispatches.
s0ETBERs PLAN.
Professor Soetbers plan is TO establish one
grnmme OF fine gold as tho international UNI ol
value. The circulation OF the coin OF foreign
countries OF less than the new standard 20 DO
established will be prohibited by countries sign
ing the agreement, and gold coin OF lnieTlgr
value will be Withdrawn within nye years III.
vate individuals will be allowed 10 coin ROln
upon payment OF agreed seignornge. Gold GER
tlncates may be issued against the gold held VI
reserve. Professor SoetbSrs plan also includes
the coinage Of silver in the proportion OF twenty
value units OF that metal 70 one OF gold. but pri-
vate individuals will not be allowed free coinage
Of silver.
The above Is Professor Soetbers plan In brief.
His proposals have been discussed IN nhahclal
circles for some time past, and are we'll known
70 all persons interested in the solution OF the
monetary problem.
COMPLEXION OF TIE COMMITTEE.
OF the committee that will consider the pro-
posals five members are Ryowed bimetallists'
dx are monOmetalists, and one is doubtful
The committee will n. twice each day and IL u
the general expectation that Mr.. de Rothschild'
proposals will DO accepted BY the committee and
then referred Tor Adoption or rejection 10 the
conference and the governments rcpreaehteu,
with notifications suggested by the schemes OF
NJ Levi ard Professor SOetber One OF the modi-
ncatiOns will undoubtedly be that all gold CONS
below the value Of twenty francs be Withdrawn
! from circulation and replaced by silver notes.
The adhesion Of the German delegates is now
considered certain, as Herr DOcbend formerly
president Of the Rechsbank, approved the main
lines OF SOether's proposal The French repre-
sentatives Will also accept the plan OF soetber,
which was communicated by NJ. lirard, French
ex-Minister OF Finance. This plan was well re-
! ceivec by all the French delegates before II Was
| Submitted to the conference.
NOBODY TALKS NOW OF FAILURE.
With the proepec; Of an early agreement be-
| ing achieved, nobody now talks OF failurc ol
tho conference, which, at frst Was the only
prediction made as 70 the outcome OF the meet
ing SO rapidly has the optimistic feeilng
grown that Il is reported that the conference IS
likely TO conclude It's work next week. lt was
SAID last week that the session would last uhIll
after Christmas.
The American delegates have strong reasons
10 be satisfied with the recognition of the sdyO.
/ Gates OF monometnllism and tue seriousness OF
the dangers arising from further fall IN SILVER.
They are disposed TO support Mr.. do kOthschild
proposals on the principle that ha,f loaf Is bet
Ter Than no bread. The Indian delegates are
also pleased with the proposals, as they will as
sist tho conclusions OF the Indian Currency Com
mittee and their acceptance will free India from
the fear OF n large fali IN silver.
The American delegates believe that the con-
tinuous absorption Of 30,000,0C0 ounces OF Sill
yer by the European powers would bring about
artiHcially that condition OF the silver market
which international bimetalsm would estab
lish permanently and scientifically for ilfe