The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-11-30

be accepted by the committee and then re-
4 ferred for adoption or rejection to the con-
I ference and the governments represented,
Il With notifications suggested by the
/ schemes of Levi and Soetbeer. One of the
notifications will undoubtedly be that all
gold coins below the value of 20 francs be
withdrawn from circulation and replaced
by silver notes. The adhesion of the
| German delegates is considered certain
Is the former president of the Reichs-
bank has approved the main lines of Scot
beers proposals. The French representa-
tyes will also accept the plan of Soetbeer.
which was communicated by Tirard, the
French ex-minister of finance. This plan
vas favorably received by ali the French
delegates before being submitted to the
conference.
With the prospect of an early agreement
being achieved, nobody now talks of the
failure of the conference, which at first
vas the only prediction made as to the
outcome of the meeting. So rapidly has
the optimistic feeling grown that it
b reported the conference will like
" conclude its Iabors next week.
II vas said last week that the session would
last until after Christmas. The American
delegates have strong reasons to be salts
fed with the recognition of the advocates
Of monometalism and the seriousness of
the dangers arising from further fall
in silver. They are disposed to support
Rothschild's proposals on the principle
that half loaf is better than no bread.
The Indian delegates are also pleased with
the proposals, as they will assist the con-
customs of the Indian currency commit
tee, and their acceptance will free India
from fear of large fall in silver. The
American delegates believe that a continu-
Gus absorption of 80, 600 900 ounces Of sill
yer by the European powers would bring
about artifcially condition of the silver
market which international bi-metallism
could establish permanently and scientific
ally for life.
Delegates are combining some pleasure
with the work. An interchange of dinners
proceeds almost nightly. The Ameri-
can and British representatives have
been to performance of the
English company playing Faust Up
to Date" i'll Brussels. At the conclusion of
the conference the burgomaster contem-
plates giving a grand municipal ball in
honor of the delegates.
LONDON, Nov. 9.-Referring to the pro-
ceedings OF the monetary conference the
Daily Ne'cs says: Rothschild' S plan, which
seems TO have saved the conference from
collapsing. turns out TO be a mud
palliative and in no wise heroic.
Theoretically. it would be best
10 let silver alone, but when we
md kothschild trying tooth and nail TO
prevent collapse of the conference it may
DC supposed such Il result would be DIS
as'roas. We cannot suppose it to be re-
moieiy suggested that 80 notes will
ne made redeemable in silver. The
most striking part of the plan is
implied IN the belief OF irst-class finan-
GERS mat unless something is done Amer
IA Will discontinue the purchase of silver.
america is, perhaps, the richest coun-
Wy IN the world. and cannot be
ignored. Were she 10 sell silver we
sghi be compelled 10 close the
iadlan minis. and even then we might be
terribly hampered if America raised big
soid loan. 1t is not for England's il
e'es' 10 precipitate n currency crisis IN
america The disturbance OF trade would
1 S'uoant TO q CATASTROPHE