The times. [volume] (Richmond, Va.) 1890-1903, 1892-12-03
BRITISH PLAN ADOPTED.
ny A CLOSE voTE THE COMMITTEE
DECIDES AGAINST III.
INT Afterwards Reconsiders the first he-
port-ProceedIngs Of the Monetary
Conference at Brussels.

BRUSSELS. Dec. 2.-The scheme for
the solution Of the monetary problem that
WAC submitted TO the international None
tarv Conference by Mr.. Alfred de Roth
schild. one OF the British delegates, was
rejected by the committee to which IL
was referred on the votes Of the delegates
from France Italy, Belgium. Norway
Sweden and Russia. The first objection
made 10 the plan was from the delegates
Of the nations belonging TO the Latl1
Union. They disapproved OF the proposal
that &pence be fixed as the maximum
purcli price OF silver. This hgure was
consequently withdrawn In favor Oh
higher one, but this concession iaiIeu ~
reconcile the opposition. NJ RaHaioEllGn'
one of the Russian delegates and char-
man ~ the committee will present re-
port to-day. This report Will summarize
the proceedings OF the committee ana
will mention that a majority OF the mem
hers agree upon some OF the minor points
of the de Rothschild proposal but commit
themselves to no decided support OF any
scheme. ,..,.,
The American delegates regard TINS POSI-
ton cheerfully, as the way is now cleaieu
for a full discussion of their bimettaiiic
programme. A prominent opponent OF
prolonged debates is Bertram Currie. the
british representative. His aim IN Try
ing to curtail the discussion is 10 pfihs
the conference TO a close at the enu OF
next week. The American delegates wlii
not yield TO the application or nasty
closure, but IL Currie's influence preValIs
the British German and Austrian deie-
rates will withdraw at the latest Dy tne
middle of December and thus break up the
proceedings.
The delegates are having most pleas
ant time in n social way. Dinners ana
other entertainments are OF mghly oc-
currence/ NJ. Montefore Levi president
OF the conference, has taken Pau 1heatre
and has engaged NJ. Coquelln, the famous
actor, and his company from Parls 10
play. 1.-The Tanning OF the Shrew per
forrnance will be given especially for the
delegates Monday King Leopold VIII
give the representatives special recep-
fion and luncheon at the palace. Next
week they will also attend banquet
given by the municipal authorities and
reception given by the Governor or the
National Bank.
The report Of the committee was sub
mitted this afternoon. II declares that
MIR. de Rothschld's proposals are or great
interest and worthy of full discussion,
declined to recommend their adoption.
The committee declared in favor of that
portion Of NJ. Lewis plan which refers TO
the gradual withdrawal OF all gold COINS
under the value of two francs, ana also
of all small bank notes below certain
value The report concludes with state
ment OF the American, Mexican and In
dian delegates with reference to the future
action Of their countries. This statement
has not yet been obtainable.
BRUSSELS, Dec. 2.-Later.-It is now
said that the committee Of the Monetary
Congress has reported favorably on the
Rothschild plan. 1t reconsidered It's pre-
vious report which was against 1t.
The delegates from the United States,
England India and Mexico have made
statements to. the special committee OF
the Monetary Conference to the effect that
they soemnly desire to call attention 10
the universal danger that would be incurred
should the conference prove complete
failure The statement submitted to the
conference along with the report OF the
committee indicate concerted action in the
conference on the part OF the countries
named
WASHINGTON, d. c.. Dec. 2.-Secre-
tary Foster, CT the Treasury Department,
said this evening"
''Private information has been received
from Brussels which states that the com
mittee Of the international Monetary Con
gress. TO which was referred the Roths
child plan, have reported notifications
liberallzing the Rothschild proposition 1t
Is also stated that bimetallism will be first
debated"