The record-union., 1892-11-30
THE MONETARY CONFERENCE.
Belief That RothschiId's Proposal wiz
be Adopted.


BRUssELs, Nov. 29.-The committee
appointed yesterday by the International
Monetary Conference to consider the pro-
posal of Alfred de Rothschild is made up
as follows: Sir c. FremantIe of Great
Britain, Sir Guilford and l.. MoIesworth
of India, Henry w. Cannon of the United
States, De Fowler of France, Simonelli
of Italy, c. +. Tietjen OF Denmark, \. 2.
Nanderberg of the Netherlands, Hans S.
Torsel of Sweden and Norway, Osma of
Spain, Cromer Frey of Switzerland,
Sanctlett of Belgium and RaftiaVitch OF
Russia, with Alfred de Rothschild Of
Great Britain and NJ. Montefoire Levi,
President of the conference, as ex-otlicio
members.
The committee will also consider the
plans suggested by Levi and Professor
Adolph SOetber.
Professor Soetber's plan is to establish
one gramme of fine gold as an interna-
tiOnal unit Of value and 10 stop bhe mint
ing of coins containing less than 5.o065
grammes Of pure gold.
The circulation of the coin of foreign
countries of less than the new standard il
to be prohibited by the countries signing
! the agreement, and gold coin OF inferior
value is to De Withdrawn within i've
years. Private individuals are to be al
lowed to coin gold upon the payment of
an agreed seiniOrage. Gold certificates
may be issued against the gold held i'll
reserve.
Soetber's plan also includes the coinage
OF silver in the proportion Of twenty
value units of that metal to one Of gold,
| but TO private individuals will not be al
lowed the free coinage of silver.
OF the committee that Will consider the
proposals, five members are ayowed bi-
motallists, six monometaliists and one
doubtful. The committee will sit twice
each day.
1t is the general expectation that Roths-
childs proposals will be accepted by the
committee and then referred for adop-
tion or rejection to the conference and
the Governments represented, with mod
iticatiOns suggested by the schemes Of
Levi and SOetner.
one Of the notifications will undoubt-
edly be that all gold coins below the
value of twenty francs are to be with
drawn from circulation and replaced by
silver notes.
AMERICA MUST BE CONSIDERED.
LONDON, Nov. 29.-Reterring to tho
| proceedings of the Monetary Conference
| the DaiLy Net0S says: The Rothschilds'
plan, that seems to have saved the con-
| ference from cOllapsing, turns out to be
| mild palliative and in no wise heroic
| Theoretically it would be best to let silver
alone, but when we find a Rotnschild
trying tooth and nail to prevent a col
lapse OF the conference it may be sup
posed such result would be disastrous.
We cannot suppose it to be remotely sug-
gested that Is notes will be made redeem
| able in silver. The most striking part Of
the plan is the implied belief of tirst-cass
financiers that unless something is done
America will discontinue the purchase Of
silver. America is perhaps the richest
country in the world and cannot be
ignored. Were she to sell silver we
might be compelled to close the Indian
mines. Even tnen we might be terribly
hampered if America raised a big gold
| loan. 1t is not to England's interest to
precipitate a currency crisis in America.
The disturbance of trade would amount
to q cataStrOnha.