Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1892-12-03
HIS PLAN IN FAVOR.
ROthschild'S Proposal to the
Monetary Conference Likely
to be Adopted.
70 be Referred to the Meeting.
by the Committee HIS
Suggestions.
Sensible View Of the German Del
egates - Individual Coin
age of Money,

BRUSSELS, Nov. 29.-The committee
appointed by the international Mon
etary conference to consider the pro.
posals of Mr.. Alfred Rothschild, which
were presented to the conference yes
terday, is made up as follows: Sir G.
Fremantle, Great Britain; Sir Guilford
l.. Wordsworth, India; Henry w. Cam
non, United States; NJ, de Foville,
! France; Sig. Simonelli, Italy; c. 7.
Tietjen, Denmark; n. p. Van der Berg,
the Netherlands; Hans L. Torsli, Swe-
den and Norway; Senior Osma, Spain;
NJ. Cramer Frey, Switzerland; NJ.
Sainctletto, Belgium, and Nj. Ratfalo-
With, Russia; Mr.. Alfred de Rothschild,
Great Britain, and NJ. Monteiore Levi.
The presidents of the conference are
eX-oficio members of the committee.
The committee will also consider the
plans suggested by NJ, Levi and Prof.
Adolph Soetbeer. The plan of Mr.. de
Rothschild, reported in these dispatches
Of yesterday, is in brier that a syndi-
cate of the nations be formed to make
yearly purchases of silver to the
amount of 5000, 600 pounds sterling,
and hat America continue her pur-
chases 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 suspended
Prof, Soetbeer's plan is TO establish
n gramme of fine gold as the inter
national unit of value, and to stop the
mining of coins containing less than
.. s065 grammes of pure gold.
The circulation of coin of foreign
countries Of less than the new stand
ard win be prohibited by she countries
signing the agreement and gold coin
of inferior value will be- withdrawn
within five years.
Private individuals will be allowed
to coin gold upon the payment of an
agreed ~seignorage. Gold certificates
may be issued against gold held in re
serve. Trof. Sootbeer's plan also in
cludes the coinage of silver in the pro-
portion Of twenty value units of that
metal to one of gold, but private indi-
viduals will not be allowed free coin
uge of silver.
The above is Prof. ~Soetbeer's plan in
brief His proposals have been dis
cussed in financial circles for some
time past and are well known to all
persons interested ia a solution Of the
monetary problem OF the committee
that viii consider the proposals, five
members are avowed O~imetalists, six
are monemetalists and one is
doubtful. The committee will
sit twice each day. It is the
general expectation that Mr.. de Roth
schild's proposals viii be accepted by
the committe, and then referred for
adoption or rejection to the conference
and the governments represented, with
notifications suggested by the schemes
= of NJ. Levi and Prof. Soetbeer. One of
the notifications win undoubtedly be
/ that all gold coins below the value of
20 francs be withdrawn from c~ircula-
| ton and replaced by silver notes.
The adhesion of the German dele
gates IN now considered certain, as
Herr Decbend, formerly president Of
the reichsban6, approved the main
| lines Of Prof. S~oetbeer's proposal.
The French representatives viii also
accept the plan of Prof Soetbeer,
which was communicated by NJ. Tired,
French ex-Minister of Finance. This
plan was favorahly received by all the
French delegates before it was sub
mitted to the conference.
with the prospect of an early agree
ment heing achieved nobody now talks
of the failure of the conference, which
at first was the only prediction made
as to the outcome Of the meeting. So
rapidly has the optimistic feeling
grown that it is reported that the con.
ference is likely 10 conclude its labors
next week. twas said last week that
the session would last until after Christ
mas
1t is the general expectation that NJ.
de- Rothchild's proposals will be ac-
copied 10y tn committee and then re-
ferred for adoption or rejection to tn con
ference and the governments represen-
ted. with notifications suggested by the
schemes Of NJ, Levi and Prof. Soetbeer.
one Of the notifications win uudoubt-
edly be that an gold coins below the
value Of 20 francs be withdrawn from
circulation and replaced by silver ones.
ANOTHER MILITARY COMPAY.
An Artillery Organization is Perfected in