The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1892-12-01
BEHIND CLOSED DOORS.
Committee Struggling with Mr.. De Roth
schiId's Proposition.

BRUSSELS, November 3O.-Ino COM
mittee of 12 appointed by the Interna-
tional Monetary Conference to examine
into and report on the proposals submit
ted by Alfred de Rothschild sat yester-
day for eight hours, with only a short in
terval for luncheon. The members have
arranged to give their exclusive atten-
ton to the work of the committee, so as
to be able to present an exhaustive re-
port to the conference.
Several experts who are not delegates
to the conference offered to give evidence
on the production of the precious metals
and other points relating to the delibera-
tions, but the committee declined to hear
witnesses on any side of the questions. 1t
is understood that the committee take,
as nearest approaching accuracy, the
statistics prepared by Ottoman Haupt
especially for the use of the conference,
giving estimates compiled from the latest
data of the monetary stocks of the world
and the annual production of gold and
silver. Senator Jones, one of the Amer
ican delegates, has prepared special
statement of the consumption and pro-
duction of silver.
The committee has consented to re-
quest the Danish delegate, @. 7. Teitgen,
to submit his plan as an addendum to
the de Rothschild plan. Mr.. Teitgen is a
monometalist. He proposes the coinage
of silver five-franc, four-shilling
or dollar pieces, rated to gold according
to the price of silver in the year previous
to the adoption OF an international agree
ment, with seignorage of 10 per cent.
He also proposes the appointment of a
permanent international commission to
IL. 4.oJ of
silver fall to five per cent below the coin
age ratio the commission will have au-
thority to fix new ratio and order the
recoinage of the pieces. These coins
will be legal tender internationally,
banks to keep them as a reserve against
notes and to have the right to demand
gold in exchange for them at any time
from the government issuing the partic-
ular coin held. The members of the
committee declare that their proceedings
must be kept completely private until
definite decisions are attained. They
will not communicate to the delegates
not belonging to the committee the pro-
gress they are making in the discussion
HEARD IN BRUSSELS.
What Rumor Says of the Action of the
Commission.
BRUSSELS, November 30.-Itis regard
ed as certain that the committee having
in charge the Rothschild silver propo-
sails will recommend the adoption of M.
de Rothschild's plan with some import
ant notifications, including a sugges-
ton that the limit for the purchase of
silver be reduced to three years. 1t is
understood that the recommendation
will not be presented as the unanimous
report of the committee but the views of
a minority will be explicitly stated. An
animated discussion will, it is expected,
take place in the conference on Friday.
The American delegates, although they
invited the discussion of the Rothschild
and other plans, intend to have their own
scheme of international bi-metalism
thoroughly debated. A majority of the
delegates seem tonight to be inclined to
adopt the Rothschild plan modified by
suggestions from the Soetbeer and Levi
plans.
New Workers Inclined to Doubt.
New YORK, November 30.-The Her.
aid says that financiers and political
economists read with a great deal of in
terest yesterday the lcabled summary of
the proposition of Alfred de Rothschild,
submitted TO, the lnternatlOnal Monetary
Conference. The general feeling among
New York bankers and political econo-
mists seemed to be one of dissent from
the views of Mr.. de r thschild. In the
opinion of the majority, the remedy sug
gested by the English financier will not
prove satisfactory to this cohntry.
At the same time it should be stated
that every inancier who criticised the
de Rothschild plan did SO with the quail
ification that he spoke only upon the
summary of the plan as printed 1t was
a matter of universal regret that he full
details of the proposition were not tIans-
mitted for publication.
Chicago Likes 1t.
CHICAGO, November 30.-The finan-
ciers of Chicago are taking great interest
in the Brussels conference, and they re-
gard the Rothschild plan as a decided
| concession to American interests.