New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-02
DE ROIHSCHILD'S PL1N NOT F1FORED.
WHILE THE CONFERENCE COMMITTEE HAS COME
TO no CONCLUSION, THE GENERAL sENT1'
MEST Is SAID TO BE AGAINST 1T.

To NJ CONCLUSION, THE GENEhAb SrSNAA
MESr is SAID TO BE AGAINST 1T.
London, Dec. Ia special correspondent rep'rS
to-day that the committee of the International Mohe
tary Conference appointed TO consider the proposals
| submitted by Alfred de Rothschh, one OF the
British delegates voted last night against the scheme
| formulated by Mr.. De RothschIld. This, however,
the correspondents adds Is not taken as bmetaliis'
defeat The committee will now proceed to decide
upon the combined De Rothschild ana Soetoecr
plans, with the notifications proposed on behan o'
the Latin Union. 1t Is expected that besides inc
majority report Of the committee minority report,
signed ty the dissenting members, will be presented
to the conference tomorrow.
When the conference first met there We're many
predictions that It's deliberations would result IN
failure. After the committee was appointed to con
slider the several plans proposed. highly OPTIMISTIC
view was taken OF the results that would ~
achieved. There Is now an other Revision OF behei'
and It Is said that the prospect OF early agreement
by the conference on any plan has become more
remote than before.
Brussels. Dec. 1.-The committee today continued
10 consider the report they viii make to the con-
ference. The American delegates maintain reserve
as 70 their attitude on the De Rothschd PLAN They
believe That whatever the result Of the conference
NAV be the general discussion VIII have ana Is
having great effect In educating the European dele
gates the currency question. one OF the American
delegates who is banker, Is doing all he can 10
promote the various proposals, under the belief that
fl will be necessary for the United states TO rescihd
the silver Purchase act and to wait until Europe
shall have reached agreement In regard 10 silver
1t Is understood this evening that report haH
bcen drawn up by VI. Ranalovch. OF the Russian
DEDICATION, n member OF the special committee ap
pointed consider the different prop )sals and report
on them tomorrow. which will explain that the com
mittcc has not come to formal decision. and that
the views OF its individual members Will be gwen
These are generally not favorable to Mr.. DE Roths
cldlds Views The chief difficulties encountered were
the price n; which silver should be purchased, the
duration Of the proposed agreement and the atutud
Of the Latin Union. ,
will lead 10 Il working scheme nor Is anything CX
peclcd from the plan which c. f. Iieg'n. the Danish
delegate will probably submit. The whole work o
the congress Will be devoted TO the question Of In
iernatiOnal bme allism. which the Americans are dc
tclmlncd shall he thoroughly discussed
Henry W. Cannon. president Of the Chase Natlona
Bank. 81 this city. Is tho American member OF th'
sub committee appointed u consider and amend Inc
pan proposed By the English delegate. Alfred dc
Roth,clhld 1t IS understood that Mr.. Cannon VII
probably vote that tbs Conference consider the pro
pos.d plan In amended form. IL Is generally admitted
that tbc plan was referred the subcommittee only
a, a basis for something better. Mr.. Cannon's vew'
are follows:
| IL no monetary agrcccmnt Is reached through th
efforts 81 th, body, and II tho United states mas '
responsive voice I'm Europe 10 ts appeal for ne sori
ton 81 silver. II would then appear tnht our noo
course would lc IN" repeal of IN" law 81 july 80"
J and 20 oIt II the market ~ purchasers or ShN"
Tor currency pUrIo,'s uu II such un" ~ an iunF
national agreement can be- nndc rs 10 the rela,lV'
value ~ gold and silver. In nv opinion (WHICH,
believe {, shared In 10y larec majority Of our people
II 4, not possible or IN" United state" ot Auetl'.
alone 10 ia and maintain tho ratio between goa ah'
silver for all tn" world. and from present Indications
M. minis ~ the United >tatcs will not only NOT !"
ors,nrd 10 the frr" conag" Of silver. but h'~l
ratl,r than greater of IN" white metal Is money
viii occur I'm our country unless some reasonable inter
national agreement can be- made III IN" near MUIR
II gold monOmcalllsm i 20 prevail among Ia" pm
ru,l commercial nations the United states, with ~
,un~mon. and increasing foreign commerce. WIN II
nigh credit with it, large stock OF gold ana Us ncl
mine, 81 the metal. will b" compelled. not onN
Ia purchasing silver for currency purposes On
to take such steps be necessary TO Increase an'
maintain It's stock OF gold