Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-11-29
The MONETARY CONFERENCE.
Efr. de Rothschlid's PropOsition-Ameri-
can and European Purchases of silver.

tBy AnglO-Amorlcan cable 70 tho DlspaEn.I
URUssELs, November 2s.-Mr. do Rothschilds
proposals we're submitted TO the conference this
afternoon. They cover eleven printed octave
nage4 Mr. de Rothschild argues al great length
mot biUetalisn in England j. impossible, ana
suggests that the question arises whether II -
moi possible 30 extend the use Of silver gener-
alIy and by this means assist IN checking
further fall In value a.,
Mr. dc RJthschd said be did not claim that
his u -opos als would prove final solution OF the
CucTtion, but he aid claim they would prove
palliative. Summed up, they are that America
should continue her present purchases Oi SILVER
and that ths European powers shOulu coutbiue
~ buy an amount equal TO GJ,OOO,OOO yearly
for i've years at 43 pence. If silver should rise
above that price the purchases are 10 Do imthe-
dIatey suspended. ,.-..-..,
90 ACT in harmony with the British represents
II is stated that Mr. de Rothschild proposes TO
raise the legal tender Of silver In England from
c2 TO IS.
ARCHBISHOP WALSH FOR BiNBTALllSA'
Io.,nov Noyember .8.-Bimeiallism has
fonnd nm advocate IN Archbishop Walsh, OF Dub
lin In the course OF an Interview regarding tho
conditions prevailing In Ireland the ArchOishop
declared that the adoption Of bimetalusm was
alter uf necessity 20 save Irish tenants from
ineyitable ruin. It was dsheartening, the
Archbtshop said, TO find that no interest seemed
10 be taken IN the question by the leaders Oi inc
they are even the excellent laad-purchase
scheme may become before many years source
OF widespread disaster 10 purchasers uhder lL
According 70 Archbishop Nalshs views
foreign competition Is not at all the sole cause
OF tne ruipous fall in the prices OF agricultural
products The main cause, be said, 10 the con-
tiuuOus rise IN the value OF eOid. Nnat pros
pect it is" he added, "ior irish tenals Hno5s
or for tenants with annual purchAsc
payments extending over forty-nine years,
that gold has risen 80 per cent III
value within the last niteen yeaIs anu mus ~
continue TO appreciate II the present S'S'e" =
maintained" ..,. -
The Archbishop concluded by expressng
hope that the conference ~ brussss "ouiu SUI
ceed IN solving the monetary proDieh'
PROPOSED INTERNATIONAL COIN.
A Danish delegate Il is sad. who Is mono
metAlst win propose the coinage OF silver il' e.
fraur fOur-shIlng, or dollar pieces rated 10 sold
according 20 the price Of SILVER III lhe yen. plo-
,,lous 10 the adoption OF an internluOhal dgIeS-
mont with a seignOYage Of 10 per cent ne
viii also propose the appointment OF a pesmi.-
uent International commission 10 n1 the 'n'iai
Drice. should the prlce OF Silver 10" 70
per cent below the coinage Ja'" .ne
commission VIII have authority 70 IA = 10"
rstto and order the recoinHge OF the pleces'
These coins VIII be legal tender lntefha1lVuaiy
banks TO keep them as reserve aganst hoseS
and 10 have the night 70 deh'ahu solt s.s,,n - -
change for them at any time from tne go~NSiu- verb
ment issuing the particular com heiu' tnl'
scheme will be the subjoc. oil lively cciamunlca-
tons between the delegates. but II Wiii hoe DC
formally proposed until after 'he 10 ho'''0u'''
I nroposals have been debated. an-,.
ON motion OF the Russian delegate hunhlo-
WITCH who said the plan was open 20 oolecslo,,
I seconded by a Dutch delegate, the hOthstnill
pi,t snSgestions that A report be made Friday.
ihe American delegates authorize inc Asso- &
I ,iated-Press representative 10 state teat shoy
are thoroughly satisfied WITH the tutn " e'sas'
-. D,ff. l.
! aciion Of the conference amply JUSTIFY the con-
yoklng Of the cOnlerence