Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-12-02
R0THSCHILD'S PLAN.
REPORTED NONE TARY CONFERENCE
COMMITTEE VOTE AGAINST tT.
The American Delegates, However, De-
termined That Internstionai Bimetsl-
lism Shall Be Fully Discussed.

GBy AnRlo-American cable to the Dispstch.l
BRUSSELS, December 1.-The Committee
on Plans to-day continued to consider the
report they will make to the conference.
The American delegates maintain re-
serve as to thor attitude on the Rothschild
plan. They believe that whatever the re-
suit of the conference may be. the geneSal
discussion will have and is having great
effect upon the European delegates on the
currency question. One of the American
delegates, who is banker. is doing oil he
can to promote the various proposals, un-
der the belief that II will be necessary for
the United States to resoind the silver
purchase act and 10 wait until Europe shall
have reached an agreement in regard to
silver.
NO FORMAL CONCLUSION.
IL is understood this evening that re-
port has been drawn up by NJ. Rafalovitch.
of the Russian delegation, and of the
special committee appointed to consider
the different proposals and report them
tomorrow, which will explain that the
committee has not come TO formal con-
clusion, and that the views of the indi-
vidual members of the committee will DO
gwen. These are generally not favorable
To Mr. de Rotbschild's plan. The chief
difficulties encountered were the price at
which silver should be purchased, the
duration OF the proposed agreement. and
the attitude Of the Latin Union.
Nobody now believes that De Roths-
child's plan will lead to a working scheme,
nor is anything expected from the plan
which Mr. c. 4. Tetgen, the Danish dele
gate, will probably submit. The whole
work of the congress will be devoted TO
the question of international blmetalIlsm,
which the Americans are determined shall
be thoroughly discussed.
VOTE AGAINST DE BoTHscHILD.
LONDON, December ia special corre-
spondent reports to-day that at the commit
tee of the international Monetary Confer
| ence appointed 10 consider the proposals
submitted by Mr.. Alfred de Rothschild
one of the delegates voted last night
| against the scheme formulated by MIR. de
Rothschild This. however. the CORE
| spondent adds, is not taken "a bimetal-
| list defeat. The committee will now pro-
ceed TO decide upon the combined de
Rothschild and Soetber plans, with modi-
| fcations proposed on behalf of the Latin
| Union. II is expected that besides the
majority report of the committee, a
minority report. signed bv dissenting dele
gates. VIII be presented TO the conference
| tomorrow.
When the conference first met there
| tIons would result in failure. but after
| committee was appointed to consider the
many plans proposed, a highly optimistic
| view was taken of the results that would
| be achieved. There is now another re-
vulsion OF belief. and it is said that the
prospects OF an early agreement by the
| conference on any plan has become more
remote than before.
LONDON PRESS COMMENT.
The Nelcs's financial article this morning
| discusses the pros aud cons of the Roths-
| child proposition. The opponents OF the
| scheme take these grounds:
/. That 1t would be wrong to prolong the
| artificial support of silver. 2. That cur
rency crisis s bound to occur IN America,
whether Europe holsters up silver or not.
The N1rs admits that the necessity of
avoiding a commercial panic Is a strong
reason tor the adoption of the scheme,
and says that perhaps q year would suf-
! fee for America to turn round and quietly
! permit commerce 10 adjust itself TO the
| fall of silver.
The real doubt the Ne7cs adds, is
whether the threat of an American crisis
| is grave enough to excuse q temporary
| but unscieIutic experiment In currency.
AUSTRIAN VIEWS.
The Standards Vienna correspondent
saws that the whole Austrian press with
out exception regards the Rothschild sill
yer scheme as impracticable, believing
that it would increase The over-productlon
of silver. retard the creation of fixed
ratio, and leave the situation at the end Of
FIVE years far worse than now. The
Austrian papers prefer the scheme. OF
julius Wolf, of Zurich, to eXDropriate
mines, prohibit the opening OF new ones,
and declare the production of silver q
State monopoly. This plan has the merit
| of throwing the burden Of the rehabilita-
ton of silver upon producing countries
and the defect of supposing that coun-
| tries like Bolivia and Mexico are able to