The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-07
Owing to Hopeless Disagree
ment of Brussels Conference,
ROTHSCHlLD PLAN WITHDRAWN
Pastor Ahlwardt, the Jew-Hater. Re-
Elected to the Reichstag.
MS Being Defeat for the Emperor.
Bismarck Rejoices The More the
Fanama Canal Cessrool Is Stirred the
Worse 1t SmelIs-storm in England.

| A"S.SAsS to0Ss resumed discussion u
| ',ascnlIo proposals. After speech BY ST
= RIVERS Wilson, one OF the British commits
| s.ohefs Rothschild withdrew his scheme MI
Hisuo, who said his views were shared bv ST
.aaries fresnantie and other British delegates
sa.u he pe!levsd all the governments who sen
oe1esa'es here recognized the presence OF a grea
Ase'. note OF warning had reached u
iFoAi America, and, to say the least il ia doub
.s41 "hstner the American government can con
| lhue Indefinitely the gigantic efforts it ha
lfult1essiy made for so many years to maintain
auo raise the price Of silver We need not in
| q01is whether the policy which governed tnt
| euiieAeE legislation of the great republic wa.
| "'se III conception, but it cannot be denied III al
| - A"9 1ot leailzeo expectations and Is greatly
.ns cause OF our present position. In any
| eaaS 'he suspension of American silver pur
| clases has become a practical question of the
| aas' anu II IL occurred might lead to suspension
| VI coinage IN India. Certain high authorities
| pIi4a'e the sudden cessation OF purchases oil
| si!ser by America and the closing of India's
Hin's would lead to heavy falls in silver and
.-sast'ous disturbance OF commerce. Others
CoAtcnd That the fall has already been greatly
discounted snd that tho removal OF the nrgsent
uncertainty would have quieting effect, In
We" on these divergent Ideas what course
| should be adopted? Wilson continued:
o!s Charles Fremantie and myself, I will
etate iEaHkiF. are pure onoraelaltlsts and do
hot admit that any other system than single
goio standard is applicable in Great Britain
,,e we WIZ admit that the RothschiId and Levy
pIaus would not be Incompatible with
our principles, but it is not enough that these
scnenes are detensible in Principe Won Id
eItneT plan have the least chance of ,nee,iro
with prepouderance CT support that wouIS
Justly US IN recommending that the British
government ,sr 11a consider it? We think not. An
othei plan may be formulated and approved by
WIG conference, and II it does not conflict with
our principles it will receive serious considera-
'ioh from the British government.
Mr. McCreary, of the American delegation.
n1f hn ,,3.;,.
Oh the existing situation. and said that. what
ever the cause, the facr remained that a remedy
was an imperative necessity. He appreciated
siie attention Rothschild gave the conference
oul couia not support his plan. He could not
aoihi' thas 1t Was proper remedy for America
70 continue TO purchase 5i,0oO,O 900 ounces OF
~sdi'ef ~ annually at price not to exceed
ioo cents on the dollar, on condition
'na' European powers make purchases
yearly to the amount of 100000 pounds
Ios nse yeari, at price not to exceed d pence
per ounce, and If silver should rise above that
price purchases should be Immediately s,.
pehded. 1t seems an unequal distribution that
we should be expected to purchase twice as
much silver as Europe The objects OF the con.
ference should not be to fix the price OF silver
beioW par, but to enlargethe use and restore il
10 parity with the value it had with gold prior
to 1873 McCreary referred to the com mnlaiuts Of
british chambers OF com Herce. quoted the recent
declarations OF Arch bishop Walsh and Mr. Bal
iour, ana contended that tho situation de-
manded broader recognition anu better remedy
than that suggested by Rothschild. The Amer
ican delegates were ready to cooperate with
other delegates and were determined to main
tain the monetary function of both metals
Therefore. after submitting the general plan of
ol-mesaiiism favored by America, they
also submitted the plan favored bv
themselves. 1t was plain bnsiness
proposition. and if adopted the necessary de-
tails could be easily arranged. Itannounces no
noteworthy theory, and proposes no united sys-
tenn. 1t only opens the way to return to the
time tried and time e-hoaored system under
which gold and silver were for many years at
par ami equal instruments in exchange Ac.s
OF parliament, laws of congress and edicts of
monarchs have changed the real value of the
metals In order that the situation in the u fled
States might be fully understood. McCreary ex.
piained the position OF the different uoli.ic.I |
parties and added tina. he believed people in !
without regard to political affiliatou |
favored the American PLAN Referring to the |
silver bullion law, he said the law was not en- |
tlrely satisfactory to either party and in supnort
Of his statement quoted from the platform, |
adopted by the Minneapolis ana Chicago CON
gentions. Shrinkage of the volume OF money
Wonid decrease prices ana tend to couceutr..e
wealth, enrich the few aud iTnpoverish the many
The volume of gold and silver in the world WAS
nearly equal. When silver was stricken down
and the amount of coin reduced it resulted in a
diminished amount Of money and constant |
OF values. In concluding McCrearv |
aid:
believe the best aim of the conference to ha |
GENERAL remonetzation of silver, anu upre- |
trictea coinage OF gold and silver into money |
u debt paying power, with a permanent inter
lal ratio OF fifteen and half or sixteen TO one |
md he preferred the Latter. IN his opinion this
would give unity and stability to the value of
money, and furnish the best remedy for the ex |
sting evil from which all civilized nations ara
The conference Adjourned until Thursday
PARIS, Dec. 6.-The Journal des Deb1ts whose
nancai editor ia member OF the committee
ppoiuted by the international monetary con.
erence to consider the Rothschid proposals.
eclares the scheme only slight modification |
the project advanced ten years ago by Levi, a |
ierman. The paper adds that the proposal |
Touid not have received attention If i, had not |
cen presented by Rothschiid.
NEW YORK, Dec. G--Although nothing wss |
in this city today from the silver |
difference except the withdrawal Of the Both |
chiit plan, private London cables TO bankers |
efected little belief in any agreement. and |
aeya was sudden rush to sell silver huilinu |
artiticates On the Stock Exchange and a1o Co0 IN |
O,0o0 ounces were sold At decline OF cents
I ounce, the heaviest break since last sn-jng
he low price Of silver today was only L. cent
er ounce above the lowest price on record
The Posts London cable says: The raarxat Ia
1pressed by fears of silver crisis The feat
70 today was the falling of Mexican and In. | ,
aD securities because these countries have | ,
liver currency. Silver on spot IL scarce and | {
.aers refused to make forward quotations ,
Sir G. > Moesworth. one of the delegates for |
di d, com ba.tcd the theory that Great Britain {
eed Eer commercial superiority to the col: | /
andard. Great Britain was saved from sariorx ! ;
niger only by the bi-metta!isrn OF Franco The ! Z
hole question required to he examined from
G view Of industrial rs well rs monetary and | {
laneia interests |
Sir q. ;. Houldsworth, British delegate then |
esented his plan. He proposed that a hi-gre.sl |
union should be formed by the nations will | y
& to enter into such an agreement aud nations | ,
err.ng TO retain tie slLgie gold STANDARD | =
0uId undertake that their gnints shouid ~s | s
We silver bullion IL hyed quantities at 1xat (,
nlInUrn against receipts, noting the quantity 7
d vaiue 81 specified rate per ounce. 70 be de- &
mined by agreement. the quantity specified .
be delivered by weight ~ s,earer whenev.r =
aanded, and the receipts TO Circulate 4.
,Gey.
The Panama Canal Scandal. =
ONION. Dec. 6-TEle Paris cerresrondsn, of | r
} DGt{y Sews tells how Deputy Bor1s de- | :,
loed all stisEnr: made 70 rite him in Is,s |