The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-11-30
THE R0THSCH|LO PLAN.
Apparently Received With a Good
Deal OF Favor by the
Conference.
To Be Modified Somewhat by
Suggestions Made by
Prof. Soetbeer.
Prospect of an Early Agreement Said t.
lie Delegates Enjoying
Some Pleasant Events.

BRussELs, Nov. 29.-The committee ap-
pointed yesterday by tho International
Monetary conference to consider the pro-
posnls Of Alfred Rothschild was made up az
follows: Sir O. Fremantle Great Britain;
Sir Guilford l.. Molesworth, India; Henry
w. Cannon, United States; DeFoyille.
France; Simonthi, Italy; G. +. Fertzen,
Denmark; N. p. VanderberR, Netherlands;
Hans s. Torsell, Sweden and Norway;
Osma, Spain; Gramer Frey, Switzerland;
Salnctletso. Belgium, and Ra1iloyitoh,
Russia. Alfred de Rothschild, Great
Britain, and M. Montefiore Levi. president
of the conference. are the ex-officio mem
bers. The committee will also consider the
plans suggested by Levy and Prof Adolph
Soetbeer. p Of. Soetbeer's plan is to es-
tahlish one gramme Of fine gold as the in
ternatlonal unit of value, and stop the
minting of all coins containing less than
5.8OG5 grammes of pure gold; and the
circulation of the coin of foreign coun-
tries of less than the new standard to be
prohibited by the countries signing the
agreement, and gold coin of inferior value
to be withdrawn from circulation within
five years; private individuals to be al
siegniorage. Gold certificates may be is
sued against the gold held in reserve.
Soetbeer'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 will not be allowed the free
| coinage of silver. OF the committee that
will consider the proposals five members
are avowed bi-metallists, six mono-m metal
lists and one doubtful. The committee
will sit twice each day. 1t is the general
expectation that Rothschild's proposals will
be accepted by the committee and then re-
ferred for adoption or rejection to the con-
ference and the governments represented,
with notifications suggested by the
schemes of Levi and Soetbeer. One of the
notifications will undoubtedly be that all
gold coins below the value of twenty francs
will be withdrawn from circulation and re-
placed by silver notes
The adhesion of the German delegates is
considered certain, as Defend. formerly the
president of the Reichsbank, has approved
of the main lines of Soetbeer's rropos-
ais. The French rep esentatives will also
accept the plan of Soetbeer. which was CON-
municated by Tirard, the French x-minis-
ter of finance. This plan was favorably re-
celved by all the French delegates before
submitted to the conference.
With the prospect of an early agreement
being achieved, nobody now talks of the
failure of the conference. which was at first
the only prediction made rs to the outcome
of the meeting. So rapidly has the opti-
mistic feeling grown that it is reported
that the conference is likely to conclude its
labors next week. 1t was said last weel
that the session would last until after
Christmas. The American delegates have
strong reasons to be satisfied with the rec
oRnition by the advocates of mono-metal
ism of the seriousness of dangers arising
from further fall in silver. The,
are disposed to support Rothschild's pro
posals on the principle that half a loaf ii
better than no bread. The Indian dele
gates are also well pleased with the propo
sails, as they will assist the conclusions o
the Indian currency committee. and thei
acceptance will free India from the fear o
a large fall in silver.
The American delegates believe that tn
continuous absorption of 10000, 900 ounce
of silver by the European powers woult
bring about artificially condition of tn
silver market which international bi-metal
ism could establish permanently and sci
entifcally for life.
The delegates are combining some plea
sure with their work. The interchange o
dinners proceeds almost nightly. Ih
American and British representatives hav
been to the performance by the British
company who are playing Faust Up t.
Date in Brussels. At the conclusion o
the conference the burRomaster contem
plates giving grand municipal ball i,
honor of the delegates.