St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-30
MEETS WITH FAVOR.
Combination Of Proposals Be-
fore the Monetary Con-
ference.
Many Delegates Favor a Pro-
poSal Submitted by Prof.
Soetbep.
American Delegates Disposed
to Accept De RothSehild's
Plan.
New York Financieps Con-
denim and Approve Of the
English Plan.

BRUSSELS, Nov. 29.-The committee
appointed yesterday by the interna-
tionaI monetary conference to consider
the proposals of Alfred de RothSchild,
which were presented to the conference
yesterday. is made up as follows: Sir
C. Freemautle. Great Britain; Sir Gull
ford l.. Wordsworth. India; Henry w.
Cannon, United States; Nj. de Foville,
France; Sgr. Simonelli, Italy; G. E.
Tletjen. Denmark: n. z. Van der Berg,
the Netherlands; Hans l.. Torsell, SWe-
den and Norway; Senior OsIna, Spain;
M. Cramer Frey, Switzerland; Nj.
Sainotletto, Belgium, and Nj. Raffalo-
Witch, Russia. Alfred de Rothsehild,
Great Britain, and NJ. Montefiore Levi,
the president of the conference, are ex-
officio members of the committee. The
committee will also consider the plans
suggested by NJ. Levi and Prof. Adelph
Seetber.
Prof. Soetber's plan is to establish one
gramme of fine gold as the international
unit of value ana to stop the minting of
coins containing less than 5.S065
grammes of pure gold. The circulation
of coin of foreign countries Of less than
the new standard will be prohibited by
the countries signing the agreement and
gold coin of inferior value will lie with
drawn within five years. Private indi-
vidualS will be allowed to coin gold upon
the payment of an agreed Seignorage.
Gold certificates may be issued against
Gold Held in Reserve.
Prof. Soetber's plan includes the coin
age of silver in the proportion OF TWEEN
ty value units OF that metal to one of
gold, but private individuals will not he
allowed free coinage of silver. TIE
above is Prof. Soetber'S plan in brief.
His proposals have been discussed in
financial circles for some time past and
are we'll known TO all persons Interested
in solution of the monetary problem.
Of the committee that will consider
the proposals five members are ayowed
bimetallists, six are monOmetalliSts and
one is doubtful. The committee will
sit twice each day. 1t is the general
expectation that Mr.. de RothschiId's
proposals will be accepted by the
committee and then referred for
adoption OF rejection to the con-
ference and the governments
represented, with notifications sug-
geSted by the schemes OF Nj. Levi and
Prof. Soetber. One of the notifications
will undoubtedly be that all gold coins
below the value of 20 francs be with
drawn from circulation and replaced by
Silver notes. The adhesion of the Ger
man delegates is now considered GER
tain, as Herr Decbend, formerly preSi-
dent of the reichsbank, approved the
main lines of Prof. Soetber'S proposal.
The French representatives will also
accept the plan of Prof. S0etber, which
was communicated by Nj. Iirard, French
eX-minister of finance. This plan WAS
favorabIy received by all the French
delegates before it was submitted to the
conferences.
Success Predicted.
With the prospect of an early agree
ment being achieved, nobody now talks
of the failure of the conference. which
at first was the only prediction made as
to the outcome of the meeting So
RAPIDLY has the optimistic feeling
grown that 1T is reported that the con-
ference is likely to conclude its labors
next week. 1t was said last week that
the session would last until after Christ
mas.
The American delegates have strong
reasons to be satisfied with the reeog-
milton of the advocates of recommendation
and the seriousness of the dangers arts
inc from further fall in silver. They
are disposed to support Mr.. De Roths-
ehiId's proposals, on the principle that
half loaf is better than no
bread. The Indian delegates are also
pleased with the proposals, as they will
assist the conclusion of the Indian cur
reney committee, and their acceptance
will free India from the fear of a large
fall in silver. The American delegates
believe that the continuous absorption
of &c, GOO, 900 ounces of silver by the Eu-
ropean powers would bring about arti-
ficialy condition of the silver market
which international bimetalllsm could
establish permanently and scientifically
for life.
These delegates are combining some
pleasure with their work, the inter
change of dinners proceeds almost
nightly. The American and British
representatives have been to perform
ance of an English company which is
playing Faust Up to Date" in Brus-
sells. At the conclusion of the confer
ence the burgomaster contempates Civ
ing grand municipal ball in honor of