The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-11-30
SOETBER'S SCHEME
Another Plan i'm Aid of
Silver.
OUTLINE OF THE PROPOSAL.
1t Includes the Coinage of the White
rletal in the Proportion of Twenty
to One of Gold.
Special to THE MORNING CALL.

BRUSSELS. Nov. 29.-The committee ap-
pointed yesterday by the International
Monetary Conference to consider the pro-
posals Of Alfred de RothschlG is made up
as follows: Sir Z. Fremantle, Great Brit
ain; Guilford l.. Molesworth, India;
Henry w. Cannon. United States; De
Fowler, France; SimonOlli, Italy; c. f.
FertjeD, Denmark: y. p. Vauderberg.
Netherlands; Hans S. TorselI, Sweden and
Norway; Osma, Spain; Cramer Frey,
Switzerland; Sainctletto. Belgium, and
Raffoloyitch, Russia. Alfred de Rothschild
Of Great Britain aud NJ. MontcfiOre Levi,
president of the conference are ex-officio
members. The committee viii also con-
slider plans suggested by Levi aud Professor
Adolph Soetber.
Professor Soetber's plan is to establish
one gram of fine gold as an international
unit of value and stop the mint
Ing of coins containing less than
5S065 grams Of pure gold, the circu-
latiOn of coin Of foreign countries of
less than the new standard 10 be prohibited
by the countries signing the agreement, and
gold OF inferior value TO be Withdrawn
within five years. Private individuals are
to be allowed TO coin gold upon the pay
ment of an agreed seigniorsge. Gold certi-
fcates may be issued against gold held in
reserve.
Scetber's plan also includes the coinage
OF silver in the proportion OF twenty value
units Of that metal to one of gold, but pri-
vate individuals are not to be allowed the
free coinage of silver.
The adhesion of the German delegates is
considered certain, as Dreiband, formerly
president of the ReichstDank, has approved
hn IN Inn nf
French representatives will also accept the
plan of Sostber, which was communicated
by Tirard. the French ex-Minster of FL
nance. This plan was favorably received
by all the French delegates before il was
submitted to the conference. With the
prospect of an early agreement being
achieved nobody now talks of the failure of
the conference, which at first was the only
prediction made as to the meeting. So rap
idly has the optimistic feeling grown il is
reported that the conference is likely 10
conclude its labors next week. 1t was said
last week the session would last until after
Christmas.
OF the committee that will consider the
proposals five members are avowed BIZ
metallists, six monOmetallists and one
doubtful. The committee will sit twice
each day. 1t is the general expectation that
the Rothschild proposals will be accepted
by the committee. then referred for adop-
tion or rejection to the conference and Gov
ernments represented, with notifications
suggested by the schemes Of Levi and Soet-
Der. One of the notifications undoubtedly
will be that all gold coins below the value
OF twenty francs must be withdrawn from
circulation and replaced by silver notes.
The American delegates have strong rea-
sons TO be satisfied with the recognition by
the advocates or m0uometallism of the
seriousness OF the dangers arising from a
further fall in silver. They are disposed to
support Rothschild's proposals on the prin-
cple that half q loaf is better than no
bread.
The American delegates believe the con-
tinuous absorption of $4,000, 900 ounces of
silver by the European powers would bring
about srtificially condition of the silver
market which international bimetallism
could establish permanently and scientific
ally for life
The Indian delegates are also pleased
with the proposals. as they will assist the
conclusions of the Indian Currency Com
mission, and their acceptance will free
India from fear OF large fall in silver.
The delegates are combining some pleas
ure with work. An interchange Of dinners
proceeds almost nightly.
The American and British representatives
have been to the performance of the Eng
lish company playing Faust Up to Date"
in Brussels.
At the conclusion of the conference the
Burgomaster contemplates giving a grand
municipal ball in honor of the delegates.