Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1892-11-14

will be certain to meet with favor be-
fore the conference. Summarized, bis
plan 10 - follows:
DIR. soETBEER's PLAN.
l. Recognition of some definite
weight OF fine gold a. the universal
foundation of the measure of value Of
the monetary System.
2. Maintenance OF the existing gold
monetary systems Of tho various coun.
tries; cessation by them Of The further
coinage aud issue Of gold coins under
5.S0G5 grains of fine gold (twenty
franc pieee); obIig cations Of such coun-
tiles to retire their smaller gold coins
within the next ten years.
). Uniform gold coinage charges of
2 per 1000.
4. Issue of gold certificates for gold
deposited, by the principal mints or
central banks, for amounts Of 500
grains Of fine gold or multiples of that
amount. Agreement on . uniform
mode OF assAying.
5. Retirement within the next ten
years Of all bank notes hitherto issued
in the country, aud Of other paper
money OF q value under 6 SO65 grains
Of fine gold, aud refusal to issue any
longer either bank n.tes or other
paper money uuder said value in
gold.
6. Retirement Of existing silve.
Coles Of higher nominal value than
10 per cent. of the value Of the lowest
futurs standard gold com within the
next fifteen years, and here after ex
elusive coinage OF the principal coin.
age Of the principal coins in the value
ratio OF silver to gold 20 to /. Coin.
age Of the same only on account of
the government. Each country to
retain its freedom rs to the coinage Of
small divisional coins.
Z. Obligation of the government Of
each country to receive into its public
treasures tho principal silver coins
bearing their own stamp in payment
OF all sums.
8. Obligation of private individuals
and moneyed institutions to accept
the principal silver coins OF the soun-
try in ayment to an amount equal to
three times the value of the lowest
standard gold coin.
9. Issue of silver certificates by the
principal mints or central banks
against tho deposit of the iull value
Of the face there OF IN the principal
silver coins in denominations not
lower than one.hslf Of the value OF
the lowest standard gold coin, and
a'so i" m"ltiples of such amount. The
immediate specie redemption OF the
silver certificates in principal silver
coins on demand at all times at the
places of issue.
10. No issue Of credit notes pays
able in silver only.
IL. Liberty OF each state to recede
from this monetary treaty after twelve
months notice.
u. obligations of the several
governments 10 inform each other 1T
the close Of each calendar year Of all
laws, regulations and proc lamstions is
sued respecting tho monetary system.
SECRETARY FOSTER EXPECTS DE
ClslON.
had talk with . New York &.
nancisr on England's real attitude to
the conference, and he believed tina,
the interests Of India were in many
respects like these of America and
that this fact would alone suffice to
alter is obstinscy on the side of mon.
ometalism.
Secretary Foster, however, is ex-
t'emely hopeful Of decisive results,
but Others Who have scanned closely
the European papers appreciate the
tact that Their" 10 ! tremendous body
Of hostile feeling to overcome among
the leading countries Of Europe be-
tore any treaty can be agreed upon
providing for the larger use OF silver
The fluctuations in feeling in Europe
are not SO easv Of measurement.
Whether the manifest opposition to
b'.metslism is on tho point Of giving
way 10 something the American dele.
gates will end out when they reach
Europe. On the whole it is safe TO
say that Dr.. Soetbeer's plan for the
now ratio Of one to twenty NAV, after
oil, DO the entering wedge that will
lead to an internatior al "bime tslisn"
agreement.