The Lamar register., 1892-12-03
RoTHscH,Lo's PROPOSALS.
He submits to the Monetary Conference
Plan for purchising silver.

=" s"e "oh"tary Conferences
Plan for Purchasing silver.
when the monetary conference met again
at Brussels on the 2sth, Baron Alfred de
Hothsehild on behalf OF the English dele
gales suhinitted plan TO extend The use of
silve-
Mr.. Rothschild's proposals covered eleven
printed pages. Summed up, thoy are that
America should continue her present p,,r-
ehases of silver aud the European powers
should continue to buy an amount equal To
.3,co,0co sterling year for five years a, 40
pence II silver should rise above that price
the purchases arc to be Immediately sus-
pended
Ia discussing his plan II. De Rothschild
says;
feel that a gold standard In England Is
the only possible one, and II We consider that
hsr whole commerce. and great part Of that
OF other Countries, Is carried on bills of ex-
change on London, which are naturally nay
Aoie IN gold. II must be admitted that th,.
world generally transaets business on a gold
easls, and that double standard, with the
exception of very modified form, does not
e1ist 10 these countries protesting TO pay 10
either metal whate7er internatlonAl agree
meat should be- made and whatever ratio
should be established. gold alone will be
chosen as the fayorite medium Of set
Ting large rcmittances. II would be lmpo.-
sible To remit large sums of silver abroad
oEins to the bulk. Gold would be sent even
II u had 10 be bought at = premium
Apart from other considerations Il seems
TO be that a universal arrangement Of the cur
/, ency question Is Impossible. As the wealth
aud sources % expenditures IN no two coun-
tries arc alike n would be impossible to carry
on the trade OF the world on a sound stable
basis. II the debtor were allowed the option of
payiug In whichever currency suited him
Although L hope that have shown that b.
rlctAilism Is impossible la EuEland, the ques-
tiou arises Sheihcr or not u Is possible 10 er-
tend the use Of silver, thereby stopping a
further TALL and It's disastrous cun,equenccs
whereof Il ls impossible to forcser. / ,here-
submit the proposal, not a. an absolute. last
lag remedy, hut A. a palliatiou.
The proposals. were referred to com
uilter
The Portuguese delegates have been In
sirueted By their government to act 10 har-
noay ~ith the British representatives.
Il Is stated that Mr. De Ro,hschiid proposes
to raisc the legal tender Of silver In Eugland
from - 10 eS Grrai Importance attaches To
this proposal, a. u means that English -
nuses win he payable In silver.
The Danish delegate, -ho Is moRometal-
list, Siil propose the coinage Of silver 5-frane
t-shulins or dollar pleces. rated to gold ac-
eor'iins 10 the price Of silver In the year pre-
Vious 70 the adoption Of an International
agreement With sei-norsEc Of 10 per cent.
He vin also propose the appointment OF a
prrHaheHi international commission 10 aI the
initial prices.
should the price o, silver fall to ) per cent.
belos The coinage ratio the commission will
have authority 70 III new ratio aud FIX the
coinage Of a new ratio and order the reeoin-
asr of the pieces These coins will be legal
tender International bank stock. except A.
sasy are reserved aealns; notes and have the
Eish; TO demand gold In exchange for them
al the time from the government issulng the
particular cola held
This scheme Was the subject Of lively com
msnieatoas between the delegates but II viii
nos he formally proposed until the Roshsehild
Pypposais srr dcbatei
The American delegates authorize the A.
socixtcd Press representatives to state that
thcy arc thoroughly satisfied with the turn Of
events. and e1n.l4cr that goshsohlld's plan
and io-day's action OF the conference amply
Justify the eonvoking OF the conference