Los Angeles herald., 1892-11-30
THE MONETARY CONFERENCE.

| Other Plans to Be Considered in Connec-
tion With Rothschi1d's.
BRUSSELS, Nov. 29.-The committee
appointed yesterday by the international
monetary conference to consider the
proposals of Alfred de Rothschild, is
made up az follows: Sir G. Fremantle,
Great Britain; Sir Guilford L. Moles-
worth, India; Henry W. Cannon, United
States; De Moville, France; Simonelli,
Italy; G. F. Tietjen, Denmark; N. p
Vanderberg, Netherlands; Henus L.
Torsdel, Sweden and Norway; Osma,
Spain; Cramer Frey, Switzerland !;
| Sainctletto, Be GUM, and Raffalovitch,
Russia. Alfred de Rothschild OF Great
Britain and NJ. Montefore Levi, presi
dent of the conference, are ex-officio
members. Tss No,
The committee will also consider the
plans suggested by M. Levi and Prof.
Aoolph soetbeer. Prof. Soetbeer's plan
is to establish one gramme of fine gold
as the international unit of value
and 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 shall be prohibited
by the countries signing the agreement,
and gold coin of inferior value shall be
Withdrawn within five years. Private
individuals shall be allowed to coin
gold upon the payment of the agreed
seignorage. Gold certificates may be
issued against gold held in reserve.
Soetbeer's plan also includes the coin
age of silver in proportion of 20 value
units OF that metal to one OF gold, but
private individuals shall not be allowed
free coinage of silver.
OF the committee that will consider
the proposals, five members are avowed
bi.metallists, six mono-metalists and one
doubtful. The committee will sit twice
each day. 1t is the general expectation
that Rothschild's proposals will be ac-
cepted by the committee, then referred
for adoption or rejection TO the confer
ence and the governments represented,
with notifications suggested by the
schemes of Levi and Soetbeer. One of
the notifications will undoubtedly be
that all gold coins below the value of
lation and replaced by silver notes.
The adhesion of the German delegates
is considered certain. as Decbend, for
approved the main lines of Soetbeer's
will also accept the plan OF Soetbeer,
which was communicated by Tirard,
French ex-minister of finance. This
plan was favorably received by all the
French delegates before it was submitted
to the conference.
With the prospect OF an early agree
poont hainy ochiouo6 uoboSx ,,orp 70 Ii q
of the failure of the conference, which at
first was the only prediction as to the
outcome of the meeting. So rapidly has
the optimistic feeling grown that it is
reported the conference is likely to con-
clude it's labors next week. 1t WAS said
last week that the session would last un-
til after Christmas.
The American delegates have strong
reason to be satisfied with the recogni-
tion by the advocates OF monometallism
of the seriousness of the dangers arising
from further fall in silver. They are
disposed to support Rothschild's pro-
posals, on the principle that hall loaf
is better than no bread.
The Indian delegates, also, are 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 be-
lieve the continuous ABSORPTION of 3d.
000.0 600 ounces of silver by the European
powers would bring about arti6cially
the condition of the silver market which
international bi-metallism could estab-
lish permanently and scientifically for
life.
The delegates are combining some
pleasure with their work. The inter
change of dinners proceeds almost
nightly. The American and British
representatives have been to the per-
formance of an English company play
ing Faust Up to Date in Brussels. At
the conclusion of the conference the
burgomaster contemplates giving q
grand municipal ball in honor of the
delegates.