The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-11-29
THE BRUSSELS CONFERENCE.
Rothschfld's Proposal Submitted for
Eng!and-A Danish Plan To Come Up.


BRUSSELS, Nov. 2s.-Rothschiid's proposals
were submitted to tie monetary conference
this afternoon. They cover eleven printed
octave pages. Rothschid argues at great
length that bi-mevaliism in Great Britain
Is absolutely impossible
He suggests that the question arises whether
Il is now possible to extend silver generally
and by this means assist In checking q further
fall in values. Rotkschild said he aid not
claim his proposals would prove final solution
OF the question: bat they would prove q pailis-
tive.
His proposals are that America continue pur-
chases of silver and European powers buy an
amount equal TO $500 900 sterling year for FIVE
years at 43d. If silver should rise above that
price, purchases to b Immediately suspended.
Rothschild said In part:
He felt that the gold standard In England
was ths only possible one aud If they con-
slider that her whole commerce and a large
on by bills OF exchange on London, which were
naturally payable In gold, IL must be admitted
that the world generally transacts business on Il
gold basis, and that the double standard, with
the exception OF a very modified form, does not
exist even In those countries protesting 10 pay
in either metal. Whatever International agree
gold alone win always be the favorable
medium oil settling arge debts or
making large remittances. Germanys action
In 1873 and the action OF Italy. Russia and Aus
tra in amassing gold, is conclusive proof OF the
appreciation Of the great European countries OF
the advantage OF a gold standard. Apart from
other considerations, ii seemed 10 him that q
universal arrangement of the currency question
was Impossible. as the weslth, resources and
expenditures OF no two countries are alike. II
would be impossible TO carry the trade
OF the world on a sound, stable oasis If a debtor
was allowed the option of paying in whichever
currency suited him. Rothsehild thought that
as the proposal would give general satsfac-
ton the gold market would also be relieved as
only European appeals will be made thereto for
long time, and as south Africa Is increasing
her output of gold Tho arrangements
suggested woold enable Russia and
Australia TO complete purchases with
ont uaduly interfering with the money
market Ii the conference sdjourns without
having accomplished any definite result II will
eauee fall IN silver irightful TO contemplate
1t Will cause a monetary panic, OF which il is
Impossible 10 tell the far spreading effects.
The proposal was referred 10 a committee TO
consider. The committee includes Sir q. Free
mantle. of Great Britain; Guilford Wordsworth,
OF India: II. W. Cannon. of the United States;
NJ. Foyilie, OF France: Signor Simoneli, of
Italy, and N. RsGoloyitch, OF Russia, with
Alfred de Rothschild and ii. Levi, OF Belgium.
sx otiicio members.
The conference adjourned I'LL Friday, The
American delegates authorize the Associated
Press representative TO state that they are
thoroughly satisfied with the turn OF events,
aud consider Rnthschilds plan aad today
action Of the conference ample to Justify the
couvokiug Of The con ference
The Portuguese delegates have been in.
sructed ay their government 20 act in harmony
with the British representatives
aC Danish delegate. who Is unono-metallts At
will propose the coinage OF silver 5traac 4-shi!.
ling or dollar pisces. rated 10 gold according "a
the price of silver n the year previous TO The
adoption Of the international agreement with
seigujorsge at 70 per cent lie will also propose
the appointments OF permanent international
commission 10 tx the initial prices Should
the rrice Ci silver fall % per cent below ne
coinage ratio TIE commission will have the an.
thorliy ~ nx new ratio and o,der the recon.
sge OF the pieces These coi0s VII lie legal
tender internationally. bank. 20 keep them As a
reserve against notes sud have the right 10 lie
maud god 10 exchange for taen a. any tim,
from the government issuing the rarttc,!s,
coin held. This scheme VIII ee the subject 81
lively communications between the delegates
hnt viii rot be proposed uatil R0;hschua's p.o
possl IS debated
LokDoS, Ncv. N.-Bi-r.eta,iisua has found sr
advocate IN Archbishop Walsh, Of Dublin. II
the course of an interview tae archb.shop il.
e!aEei that The adoption of b.-y1e:ai Ism was {
matter u! imperative necessity - save the -iSh
tenants from inoy Table ru4n Y v.s dt.hae-t
saing the archbishop added. 70 {nd 10 iAts-es
take IN the quest GA hy the leaders oi the lrS :,
parliamentary party. Il things 30 cn IS the,
are, even the excellent Iald purchase scheln,
nsy become, before many years. u source O
widespread disaster 60 Purchasers uuser /,
According :" the srCh@shg9, view. l,le u
competition 8 ~; az al the sole cau>e ~ II,
rniaoas fall IN tho prices Of AGRICULTURAL pro
duess The US!n cause. 10 believes, Is tie con
unuoas rise IN tue value c! gold.
What = prospect 3; IS tas the Irish tenast.
ghc,e .uiic3al rents aFe nxet See. S.lceu YEA.
ioE the teosnts Wita tre a GaA. pq-ch -
payn.suts extending over iosty-nlse vesrs, tn,
Ga.H hiss sen - pr cent ia tie WIZ u -
ia. Efiecn vars, al lnust Commune a. ayYg.
sia.e 4 tle present system Is maintained
Ice Archbishop concluded by expressing n
sove :hst SIG conference a; Bsas,r4. world sul
seet "a saving ihe monetary problem.
Ire Re.f u disCusslEE TIA currency cues..a
So tus conference ~ b-0~se :, co,at .atus ana
r .ua}ar Allison % fae representative merely ,
sac e. 49, party ia the U4usd states aua iaars
Tor Isle tsl ha hoped for ifola tae conference
tBe-e wi-t b. uo chA8ce 81 discuss aHy r-a,
Aca. arfaaseueai 81 utilize yey ~ = sll;s j ar
saETsHev.
Tne v.sana correspondent; @. the Carosa;