, 1892-11-29
UNIVERSAL MONEY.
The Conference at Brussels is a
Success.
II Will FIX "A Standard for Gold and
SiIver-The American Delegates
wtIiAgree 10 the Plan Suggested
by R8thschtId.

BRUssELs, November 29.-The Roths-
childs proposals were submitted to the
conference this afternoon. They cover IL
printed octave pages. Rotchschild argues
that any great length of time of bi-metal-
ism in Great Britain is absolutely impossi-
BILE. He suggests that the question now
arises whether it is possible to extend sill
yer generally, and by this means assist the
checking of further falls in values. Roths-
child said he did not claim that his pro-
posals prove a final solution of the oues
tion, but they would prove a palliation
summed up. His proposals are that
America continue the purchases of silver
and European powers buy an amount
equal to five million pounds sterling a
year for five years at 43 pence. II silver
should rise above that amount purchases
to be Immediately suspended. His ex-
pected proposals will be referred to a COM
mittee. The Portuguese delegates have
been instructed by their government to
act IN harmony with the British delegates
The committee appointed to consider the
proposals Of Alfred De Rothchilds is made
up a follows: Sir G. Fremantle, Great
Britain; Sir Guilford,L. Malesworth, India /;
Henry w. Cannon, United States De
FaViller, France Simonthi, Italy; o. +.
Fertizen, Denmark; N. p. Vanderberg,
Netherlands; Hans s. Forsell, Sweden and
Norway; Osma, Spain; GARNER Frey,
Switzerland; Saincketts, Belgium and
Raftiovitch, Russia; Alfre De Rothchilds,
Great Britain and M. Monteffoire Levi,
president of the conference. The ex-oficio
members Ofthe committee will also consider
plans suggested by Levi and Prof. Adolph
Soetber. Prof. Soetbers plan is to estab-
lish one
GRAMME OF FINE GOLD
as the international unit of value and stop
the minting Of coins containing less than
5.8065 grammes Of pure gold. The clrcula-
tion of coin of foreign will countries of less
than the new standard be prohibited by
the countries signing the agreement and
gold coin of inferior value be withdrawn
within five years; private individuals be
allowed to coin gold upon payment of the
agreed seignorage. Gold certificates may
be issued against gold held in reserve.
Soetber's plan also includes the coinage of
silver in the proposition of 20 value units
of that metal to one of gold, but private
individuals not to be allowed free coinage
of silver. OF the committee that will con-
slider proposals, five members are avoWed
bimetallists six monometallists and one
doubtful. The committee will sit twice
each day.
1t is the general expectation that
RoTsoHILDs PROPOSALS
will be accepted by the committee, then be
referred for adoption or rejection to the
conference and the governments repre-
sented with notifications suggested by
Schotes, Levi and Soetber. One Of the
notifications undoubtedly will be that all
gold coins below the value of 20 frances be
withdrawn from circulation and replaced
by silver notes.
The adhesion of the German delegates is
considered certain, as Dec Bend formerly
president Of Reichs' band, has approved
the main lines of Soetber's PROPOSALS.
The French representatives will also ac-
cept the plan of Soetber, which was COM
municated by Tirard, the French ex-minis-
ter of finance. This plan was favorably re-
ceived by all the French delegates before it
was submitted to the conference. With
prospects of early agreement being achieved,
no body now talks of failure Of the con-
ference which at first was only prediction
made as to the outcome of the meeting. SO
rapidly has the optimistic feeling grown,
it is reported the conference is likely to con-
clude its labOrs next week. 1t was said
last week the session would last until after
Christmas. American delegates have
strong reasons to be satisfied with the rec
ognition of
ADVOCATES OF MoNoMETALIsM
and seriousness Of the dangers arising from
the further fall in silver. They are dis.
posed to support Rothschild's proposals
on the principle that half a loaf is better
than no bread. The Indian delegates are
also pleased with the proposals, as they
will assist the conclusions of the Indian
currency committee, and their acceptance
will free India from the fear of large fall
in silver. The American delegates believe
the continuous absorption ofthirty million
ounces of silver by European powers would
bring about an artificial condition of the
silver market, which international bi-met
alism could establish permanently and sci
entihcally for life. The delegates are com
bining some pleasure with work. An inter
change of dinners proceeds almost nightly
Tie American and British representative
have been to the performance of the Eng
lish company playing Faust up to date
in Brussels. At the conclusion of thl
conference the burgomaster contemplate
giving grand municipal ball in honor 0
the delegates.
Cure Yourself.