The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-11-26
Experts on Finance Trying to
Solve it at Brussels.
THE UNITED STATES PROPOSALS.
Submit Three Plans for Consideration
Including That of DR.. Soetbeer.
Gladstone's Cabinet In Danger-Yndica-
cations Point to Its Dissolution on
First Important Measure Home
Rule Bill Before Irish Leaders.

BRUSSELS, Nov. 25.-The proposals made
by the American delegates at Yesterdays
session of the monetary conference had
been printed in English and French and
distributed among the delegates when the
conference resumed its sitting this morn
ing. The proposals in part say:
1t is generally admitted that the very large
depreciation OF silver. as compared with gold,
incident thereto is injurious to the commercial
and other economic interests OF all civilized
countries and are causing serious evils and in
convenience to trade, the extent of which can
not yet be measured. II is the unanimous
opinion of the people OF the United States that
the establishment of a fixity of vgue OF gold and
silver and the full use of silver es a coin metal
upon ratio to be fixed by an agreement be-
tween the great commercial nations OF the
world will greatly promote the prosperity of all
classes of people. They believe the sentiment
In favor OF larger use of silver IS steadily
growing. and that the time is propitious for an
international conference on the subject. The
government OF the United States, wh;lc frankly
disclosing its own views, does not wish to i'm
pose any condition that will embarrass any gov
ernment willing to confer on the question The
general purpose OF tho conference, submit the
following resolution:
ReSolred, That in the opinion of this confer
ence, desirable means be found for increasing
the uses of it in the currency system of the ma
tions of the world.
The document went on to say that it was
the desire and expectation that the powers
represented at the conference submit pro-
posals tending to this end and further,
that such proposals should have pre-
cedence over those of the American.
In addition to this the delegates SUBJ
mitted plan as follows:
First-That which the Montefiore Levy
proposed at the conference of 1881; Sec
ondly, the plan of Prof. Soetbeer and
lastly, the plan submitted by the delegates
In explaining the position of himself
and colleagues Senator Allison said, that
while they came representing the govern
ment of the United States and favoring a
bi-metailic plan, they were willing to dis
cuss any plan calculated to promote an
increase in the value of silver bullion. He
said it was for the interest OF the people of
the United States, as we'll as those of other
nations. to secure under the international
agreement stable standard of agree
ment.
Sir Charles Rivers Wilson said the Brit
ish delegates adhered to the American
resolution, which was really the basis on
which the conference met.
NJ. Tirard, OF the, Ffsnch delegation,
thought the method of procedure proposed
by the Americans peculiar. He wished to
say, however. for the French delegation
that they came with an earnest desire to
consider most cordially every proposal
tending to rehahilitate silver.
The German and Austrian delegates in
timated that they were instructed to say
they should not assent to any modi-
fication of their existing monetary
laws. The Dutch. Spanish and Mexi-
can delegates assented to vote favorably
on the American resolution, while the
Russian, Italian, Roumanian and Greek
delegates declared that under instructions
they were not permitted to vote on the
resolutions.
The conference ultimately resolved, in
accordance with the request of Senator
can proposal until later and meet on Mon
day to consider the proposals submitted
by Alfred de Rothschiid, of the British
delegation.
DR.. Soe:tcer. whose plan is recommended as
second consideration, is a financier OF note
His plan is much like the PROPOSE
ton submitted by Maurice Levy, the Danish
delegate to the international conference of 1881,
that silver be substituted for gold in payments
not exceeding e sterling. and that silver notes
be issued to obviate the necessity OF carrying
about so much silver. DR.. SOetbeer has modi-
fed the old proposition considerably, and be-
lieves it will be certain to meet with favor be-
fore the conference. Summarized his plaa is as
follows:
!. Recognition of some definite weight of fire
gold as the universal foundation OF the measure
OF value of the monetary system.
3 Maintenance OF the existing gold monetary
systems of the various countries; cessation by
them of the further coinage ana issue of gold
coins under 3 5000 grams of fine gold ttwenty
franc piece; obligations OF such countries to
retire their smaller gold coins within the next
ten years
t. Issue OF gold certificates fox gold deposited,
by the principal iniuts or central banks. for
amounts OF 500 grams OF fine gold or multiples
OF that amount. Agreement on a auniform mode
of asSayiDg.
s. Retirement within the next ten years o. all
bank notes hitherto issued III the country and
of other paper money OF value under as065
grams OF fine gold, and refusal To issue any
longer either bank notes or other paper money
under seid va lie in gold.
6 Retirement OF existing silver coins OF a
higher nominal vaue than 10 per cent. of the
value OF the lowest future standard GOLD coin,
within the next fifteen years, and herea ter
exclusive coinage OF the principal coins in the
valHe ratio of silver TO gold % TO l. Coinage OF
the same only on account OF the government
Each country TO retain its freedom 70 the
coinage of small diyislona! coins
= Obligation OF the government OF each
country TO receive into its public treasures the
principal silver coins tearing their own stamp
in psyment of all sums.
Obligation OF private individuals ard
rroneyed Institutions to accept the principal
sisx pagst nj II an
amount equal TO three times the value OF the
lowest standard coin.
O. Issue of silver certificates by the principal
minis or central banAs against the deposit of
the full value OF the fEce thereof IN tie princI.
pal silver coins IN denominations not lower
than one half OF the value Of the lowest stand
ard gold coin and a,so in muittn.es OF suc1
amount. The immediate specie redemption Of
the silver certificates III principal silver coins
on demand and at all times al the places OF IS
sue.
only.
H. Liberty OF each state TO recede from this
monetary treaty after twelve months notice
II Obligations of the several governments 70
inform each other at the close OF each calendar
year Of al law regulations and proeiamaiions
issued res pectiEg the monetary system
1t may be tina, DR.. soeIbeer's pan Tor tie new
ratio OF 10 % may prove 10 he the entering
wedge tha; will lead 10 an international bi'
metaiiism agreement.
LoNpoN, Nov. 25.-Sir William Vernon
Harcourt. chancellor OF the exchequer
has instructed the English delegates 10 the
Brussels conference 10 expedite delibera.
tions so as TO bring the conference to ar
end within a few weeks. Ii is learned
from high authority that if the conference
is prolonged beyond three weeks the lead
ing English representatives will return Il
London. leaving the less important mem
hers to watch proceedings. Advices from
Brussels show that opposition TO pro