The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-02
rHE SILVER PROBLEM
Rejection Of the R0thschild Plan
Altogether Likely.
..rRIcAN DELEGATES CAUTIOUS
.,..u n the Conference Comes to Naught,
~. Discussion Will BE Beneficial
Banker Cannon's Views.

p,rssrrs. Dec. LIT is understood the
lid committee of the monetary con-
s.,ence will explain tomorrow that the
'a.,rnittee cannot come to q formal de-
ION and the views Of individual MEM
80 u,Il be given. These are generally
favorable to the Rothschilds plan, the
s;sculties being the price at which silver
sould be purchased, the duration of the
s.oro.ed agreement and the attitude of
z. latin Union. Nobody now thinks the
psthsehi.ds plan will lead to a working
IrrssErs. Dec. 1.-The special commit
A.. ~ the monetary conference today con-
.;,ned 10 consider the Rothschild report.
Tbs American delegates maintain reserve
:. N their sttidue on the Rothschild plan.
They believe that whatever the result of
.be conference this general discussion will
have and is having, great effect in edu-
eating European delegates on the currency
.rsstlon. One of the American delegates,
cannon, who is banker, is doing all he
can 70 promote the various proposals
,nasr the belief that it will be necessary
tor The United States to rescind the silver
,urcbase act and wait until Europe shall
have reached an agreement in regard to
,iIyer. Whatever proposals are mooted
tbe-s Is small danger that the American
|, delegates will get entangled in any of
them.
roypoy. Dec. 1.-The India currency
commission will resume sittings early in
January, whether the monetary confer
snce has or has not by that time been
b,ought TO close. The members of the
commission are certain to have by Janu-
arv some definite idea of what the issue
of the Brussels meeting is to be and how it
NAV affect the currency in India. The
Associated Press has already reported that
the Indian commission had under consid-
Grafton proposal to declare gold stand.
ard fer India. There is no doubt as to the
fac. that certain strong adherents of the
single standard tried to snatch q vote from
The commission in favor of gold stand
ard for India. Some members who were
fully cognizant of the momcntous conse-
ouences Of such decision yet adhere to
i, desiring that the English delegates
should be armed with it when going to
Brussels as weapons of defense and
sffense against the bi-me.allists. These
tactics of bluff and bounce"
are not approved by majority of the
commission, who justly thought the Bus
sells delegation would accurately gauge a
sham decision on the reported recon-
mendation Of the Indian commission.
Ultimately the commission will smash the
' gold standard proposal, and if it makes
ay important recommendation whatever
10 the government it will suggest tenn
porary suspension of silver coinage If the
siceroy's council should decide that to
h advisable. The commission has been
liking the evidence of AngloIndian
hnkers, manufacturers and tea planters.
| Most of them favor doing nothing, allow
l he business and currency values to find
/ their. level under existing laws, and Of
those who spoke of the evil arising from
l The unlimited coinage of silver in India,
| he principal ones simply advocated that
| he government of India shall have power