The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-03
NO RESULT LIKELY.
The ROthschild Plan Unfavor-
ably Reported.
ADJOURNMENT TALK ALREADY.
Many Delegates Anxious TO Cat the
Session short-Americans Working
for Full Disc ussion Of tho Question.

BRUSSELS, Dec 1.-The scheme for the solu.
ton o. The monetary problem submitted to the
international moneta-v conference by Roths-
child has been reieclsd by the committee to
which IL was referred, by the votes OF
the delegates OF France, Italy, B ;lgium,
Norway, sweden and Russia The first obiec.
ton made 10 the plan was from the delegates OF
nations belonging 10 the Latin union. They
disopproved the propH'al that a pence De fixed
as the maximum purchase price of silver.
This figure consequently was Withdrawn
in favor OF a higher one, but even this
concession failed to reconcile the opposition.
A report was submitted this afternoon b. Rata
iovich, of Russia, chairman OF the COM
miitee. II declares that Rothschild's pro-
posa's are OF great interest and worthy OF full
discussion. but the pmnlittee, oy a vote OF TO
6, declined to recommend their adoption. The
committee declared Ia favor of that portion OF
the aontefiore Levy plan which refers to the
gradual vi hdrawal of all gold coins under the
value OF 20 francs, and also Of oil bank notes be-
low a certain value.
Tho report of the committee to the conference
on the proposals submitted commenced by ex-
planning the opinions expressed, given on the
individual responsibility of members OF
the committee, and continued by setting forth
the necessary prelim nary for the proper
examination OF any proposals with precise un-
derstanding as to legislative measures Likely TO
listing probabilities Of the future production of
silver in the United States and Mexico; the pol
ICY OF the United states as to the purchase OF
silver and the policy OF India regarding silver
United ate- delegate, Henry W. Cannon +,
slated that In the United States, under existing
legislation, there is no means OF limiting the
reduction of silver, and that modification OF
the present law in that direction is improbable.
The value OF silver extracted from Amer can
miues 10 insignificant as compared with the An.
nuai total OF general production.
Mexican Delegate Casasus, on behalf OF the
Mexican government, said that as silver is the
chief article of export, it would not be to the
interest OF his government to interfere with the
industry, ami under the constitution no means
existed to restrict the output o. prohibit its ex
port.
Regarding the third question. Cannon said
that should the conference fail to make some
'ispos ton of the quest on at issue it is more
than probable that America would rot be will
ing to continue the purchase Of "a 700 600 ounces
Of silver nnually
Sir Guilford L. Wordsworth. one of the deIe-
gates from India, in speaking the fourth
question, said that while there was hope al
international entente. India would hesitate to
modify the presentsys,em.
The committee. by large majority, approved
Moneiore Levy's scheme, which con templates
the gradual withdrawal of all gold coins under
the value OF 20 francs and all the bank notes
under 20 francs, except in the case Of silver GER
tificates.
Sir C. Fremsntle, deputy master of the En-
glsh MKT, declined to commit the government
10 the Levi scheme unless oncurreutly adopted
with that OF Rothscnild or some similar plan.
After the vote was taken, the Dutch delegate
opened the general discussion with view to
inducing the American delegates to submit
definite proposals for international bi-metal-
lism. Senator Allison novel to adjourn until
Tuesday. After some discussion the motion
was accented.
prominent opponent Of prolonged debates
is Bertram Currie, British representative.
His aim in trying to curtail discussion is to
bring the conference to close by the end OF
next week The A nerican delegates will not
yield to the application OF hasty closure. But
if Currie's influence prevails the British. Ger
man anu Austrian delegates will withdraw at
the latest by the middle of December aud thus
break up the proceeding.