Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-11-30
GOLD AND SILVER
Engross the Minds of the Delegates to the Inter
national Monetary Conference at Brussels
Synopsis of Plans Presented by Delegates

BRessELs, November 29.-The COM
mittee appointed yesterday by the In
ternational Monetary Conference to
consider the proposals of Mr.. Alfred De
Rothschilds, which were presented to
the conference, is made up as follows:
Sir c.. Fremantle, Great Britain; Sir
Guilford l.. Molesworth, India; Henry
w. Cannon, United States; M. DeFo-
vile, France; Signor Simonelli, Italy;C.
T. Tietien, Denmark; n. p. Vanderburg,
The Netherlands; Hans L. Torsell,
Sweden aud Norway; Senor Osma,
Spain; NJ. Cramer Frey, Switzerland;
NJ. Sainctletto, Belgium, and M. Raffa-
lovitch, Russia. Mr.. Alfred De Roths-
childS, Great Britain, and NJ. MOntefiore
Levi, the president of the conference,
are ex-officlo members of the committee.
The committee will also consider the
plans suggested by NJ. Levi and Prof.
Adoph Soetbeer. The plan of M. De
Rothschild is that syndicate of the
nations be formed to make yearly pur
chases of silver to the amount of five
million pounds sterling and that Amer
lea continue her purchases Of silver as
at present. In the event of the price
of silver rising above 43 pence per ounce
the purchases are to be at once suspend
ed.
Prof. Soetbeer's plan is to establish
one gramme Of gold in the internal unit
of value and TO stop the minting Of
coins containing less than 5.7065
grammes of pure gold. The circulation
Of coin OF foreign countries of less than
the now standard will be prohibited by
the countries signing the agreement,
and gold coin of inferior value will be
withdrawn within FIVE years. Private
individuals will be allowed to coin gold
npon the payment Of an agreed SENIOR
age. Gold certificates may be issued
against gold in reserve. Prof. Soet-
beers plan also includes the coinage
of silver in the proportions of twenty
value units of that metal to one of
gold, but private individuals will not be
allowed free coinage Of silver. The
above is Prof. Soetbeer's plan In brief.
His proposals have been discussed in
financial circles for some time by all
we'll known persons interested in So
luton of the monetary problem. OF
the committee that will consider the
proposals, FIVE members are avowed BIZ
metallistS, six are monometallists and
one is doubtful. The committee will
sit twice each day. 1t is the general
expectation that Mr.. De Rothsehild's
proposals will be accepted by the COM
mittee and then referred for adoption
or rejection to the conference and the
governments represented, with modifi-
cations suggested by the schemes of NJ.
Lew and Prof. Soetbeer. One of the
notifications will undoubtedly be that
All gold coin be withdrawn from circu-
lation and replaced by silver notes.
The adhesion OF the German dele
yates is now considered certain, as Herr
Decebend, formerly President of the
Re chsbank, approved the main lines Of
prof. Soetheer's proposal. The French
representatives will also support the
Man of Prof. Soetheer, which was com
municated by NJ. Tirard, French ex-
Minister Of Finance. This was favora-
blv received by alI the French dele
gates befote it was submitted to the
conference With the prospect Of an
agreement being achieved nobody
looks for the failure OF the
coaferences which at first was the
only prediction made as the outcome o.