New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-30
PRICE THREE CENTS.
THE MONETARY CONFERENCE
THE COMMITTEE TO CONSIDER PLANS AP!
POINTED.
MIR. DE RoTHscHILD's PROPOSALS LIKELY 10
BE ADOPTED WITH SOME NOTIFICATIONS
THE CONFERENCE MAY CLOSE
NEXT WEEK

NEXT WEEK
Brussels. Nov 20-The committee appointed
yesterday by the international Monetary Con-
ference to consi'!cr the proposals of Alfred de
Rothschild. which We're presented to the Con-
ference yesterday. is made up follows: Sir
c. Fremantle. Great PritaiD: Sir Guilford L.
A1olesworth. India; Henry W. Cannon, United
States: NJ de FovIlc. France Sgnor Simonelli,
It5ly; c. F. 1ietien Denmark; n P. Van der
Berg The Netherlands Hans J. Torsel Sweden
and Norway; Senor Osma, Spain; NJ. Cramer
Frey, Switzerland NJ Scinctetto. Belgium, and
NJ. Raffalovitch. Russia. Mr.. do E)thschild and
NJ. MoneGore Levi. the president Of the Con-
ference. are ex-ofIicio members OF the committee.
The committee will also consider the plans sug-
gcsted by VI. Levi and Professor Adolph Soetbeer
The plan of Mr.. de Rothschild is in brief that
syndicate Of the nations ne foimed TO mako
yearly purchases OF silver TO the amount Of 5,OOO
900 pounds sterling. and that America continue
her purchases Of silver at present. In tho
event of the price Of silver rising 43 pence
per ounce the purchases are to be at once sus-
pended
Professor Soetbeer's plan is to establish one
gramme of fine gold as the international unit Of
value and TO stop the minting of coins con-
tanning LEES 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coin of inferior value will be withdrawn within
five wears Private individuals will be allowed
TO coin gold upon the payment Of an agreed
.eicniorage Gold certificates may be issued
against gold held in reserve. Professor Soetoeers
plan also includes the coinage of silver In tho
proportion Of twenty value units Of that metal
to one Of gold, but private individuals Will not
| be allowed free coinage Of silver Professor
Soetbeer's proposals have been discussed in hnan'
cial circles for some time. and are we'll known
10 all persons interested in solution OF the mof~
etary problem.
OF the committee that will consider the pro-
| posals five are avowed bimetallists. SIX are
| monometallist and one il doubtful Inc conhi0
tee will sit twice each day. 1t is the general
expectation that Mr.. de .Rothschild's proposals
| will he accepted by the committee, and then re-
| fcrred for adoption or rejection 10 the CONFER
ence and the governments Represented, with mou.-
Gcations suggested by the schemes OF NJ Lew
and Professor Soetbeer One OIL the Houio"-
tions will undoubtedly be that all gold COINS
hollow the value Of twenty francs be wltndra"n
from circulation and replaced by silver notes
Tho adhesion Of the German delc-ates Is now
considered certain. as Herr Decbcnd, formerly prs
ident of the Rcichsbank. approved the main iineS
NJ Professor Soetbecr's proposal. The French rep
resentatiyes will also accept the plan ol rloieoSt
Soetbeer which was communicated by NJ llrarn'
French ex- Minister of Finance. This plan was IA
yorahly received by all the French deiega@s oo
fore n was submitted to the Conference.
With the prospect of an early agreenens oeins
achieved. nobody now talks OF the failure OF tne
Conference, which at first was the only preolc-
tion made as TO the outcome Of the meeting. DO
rapidly has the optimistic feeling grown thac 10
is reported that the Conference is likely 70 con-
cludc its labors next week. 1t said last week
tTot the session would last until after Chrls'-
mas The American DELEGATES have strong reasons
10 bo satisfied with the recognition by the auyo-
catas of rnonometallisn of the seriousness OIL tie
dangers arising from n further iall IN si,ss,.
They are disposed TO support Mr. de K'thschiIus
proposals on the principle that hall LOAF Is U't-
ter than no bread. The Indian dele9ates are aso
pleased with tie proposals. as they VIII ASSIST
The conclusions of the Indian currency
committee. and their acceptance will FREQ
India from the fear Of large Hu
in silver The American DELEGATES believe that the
continuous absorption of 3O.OOO,OOO ounces OIL
silver nv the European Powers would brlng anoGo
artifcialy condition ot the silver market when
international bimetallism could establish permit
ucntly and scientifically for life ,
The delegates arr combining some pleasure win
their work The interchange OF dinners proceeds
almost nightly. The American and British repre-
sentatives have been to Performance OF an Eng,
lish company which is PLAYING Faust n TO Datc
in Brussels. At the conc luslon OF the Cohterence
tho Rurcomaster contemnatcs giving grand mu-
niripal ball in honor Of the delegates. ,
London Nov 3O-"Thc Post SAYS thar RE
Rcthschld silver scheme is free from the blemlshes
fonnd in nearly all recent schemes, and marks
new era in the currency discussion