The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-06

with some other delegates who are resigned to
see the conference result in failure, would &C.
celerate the consideration of the American
resolutions rs fastening the winding up of the
meeting. Freemantle, with a view to resump-
ton of debate on the Rothschild plan, has
amended his declaration declining to pledge
the English government to withdraw its half
sovereign pieces in favor OF silver, by adding
the words Except coucurrently with the
adoption of the Rothschild project, or some other
proposal having other compensatory value"
Freemantle, who is deputy master OF the
British mint. has never been known to take in
dependent action or personal initiative, there
fore it is taken for granted that he is the mouth
piece OF the British government in announcing
his assent to the abolition of half-sovereigns
If, despite the adverse report OF the committee,
the full conference adopts the Rothschild plan.
numbe- OF delegates will want the confer
ence to close or adjourn December l6 at the
latest If an adjournment is taken it is
doubtful if there will be full attend
ance when the sittings are resumed in
January. Currie has sent to the London
Times verbatim report of the speech he made
before the conference Friday. This report is
similar to the heretofore published accounts OF
the speech only in its advocacy of the gold
standard. Currie denies that evils are impend-
ing to the world from the disuse of the silver
standard. The costly silver experiments of the
United states, he says, are never likely to find
imitators. The conference met to endeayor to
raise the price of commodites, an object
entirely opposed to the economic doctrine ac-
cepted in Great Britain. Cheap goods, not dear
goods; plenty, not scarcity, have ALWAYS been
held TO be conditions profitable to trade. That
the general fall in prices has been brought
about by a scarcity OF gold has never been
proved. Such theories are al variance with the
facts within our knowledge. Currie is the
strongest personality among the British dele
..,I 10
compromise.
The possibility of the repeal of the Sherman
act was discussed among the members OF the
conference today. The opinion was that il
would be = serious blow unless accompanied by
some other special legislation in support OF
silver.
The Independence Belqen says the committee
VIII to-day examine into the proposal of C. F.
Teitien. Danish delegate. The proposal pro-
vides that an international union be formed to
fix the relative value of gold and silver on n
basis OF the average price of silver In London
during the formation of the union. Members
OF the union will be permitted TO coin an IN
limited amount of silver coins of the value of
81, which will have unlimited Gebt-pavins
power in the country where they are coined
The scheme provides for the appoint.
ment Of committee to watch the silver
market. II the value of the metal falls
5 per cent below the value fixed the committee
VII have power 10 decide whether fresh issue
OF silver coin is necessary. Every bank of Issue
viii have the right to have a portion of its
metallic reserve in silver coin or bullion with
out distinction, and on six months notice can
demand that silver coins held III the banks
treasury can be repaid in gold by the country
whence the coins came
Ell PAso, Dec 5.--rhe southwest silver con.
venilon convened this afternoon with about ono
de ega'es and many visitors present tempor-
ary organization was effected with W. r. Scott.
OF Arizona, president, and H. B. Holt, OF New
Mexico, secretary. Business viii be begun to-
morrow.