Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1892-11-30
WILL PROBABLY DO
The Rothschiid Scheme for the
Use of Silver.
so IT Is THOUGHT AT WASHINGTON.

One New York Man who Declines to BE
Satisfied - The Plan Characterized as
Ridiculous - Opinion at the National
Capital That the Proposal Is Step In
the Right Direction, Although Not
What Was Wanted Over Here-Points
of the System Suggested by Soetbeer.
WASHINGTON, Nov. 3O.-De Rothschild's
proposal to the international monetary con-
ference to bind the European powers to
purchase annually S25, 100000 worth of sill
yer, the United States to continue the
Monthly purchase of 81, 100000, meets with
general approval in government financial
circles. 1t is not what this country
wanted. Nothing short of absolute BIZ
metallism would satisfy its wants. But it
is regarded as a marked step in the right
direction, and as much as financiers, with
an appreciation of the European sentiment
on the silver question, had right to ex
pect. Secretary Foster will not be inter
viewed on the subject of extending the
duration of the conference
Foster of the Treasury Pleased.
But conversation with officials close to
him, who think as he does and are reliable
exponents Of his views, warrant the state
ment that he is well pleased with the pro-
posals. II they are adopted the conference
will accomplish more than he believed it
would do. The utmost he had hoped for
was that the discussion would lead to an
other conference at no late date, and that
bimetallism, being in the meantime con-
stantly agitated, would then stand good
chance of adoption. Should these proposals
be adopted the prospects of bimetallism in
the future will be brighter than ever.
Would Relieve the Strain.
Officials here .elieve that De Roths-
child's proposals, if adopted, would be of
great benefit to this country and relieve
the strain of the situation and inspire the
public with confidence in the future. 1t
is understood that Mr.. Cannon, the Amer
lean delegate. has been working in har-
mony with De Rothschild and that he
will continue to do so. And it is intimated
that the fixing Of the two most important
features of the proposals, namely, the
amount to be purchased by Europe and the
continuation of this country's purchases, is
in the main chiefly due to Cannon's argu-
ment that such purchases will, ir the ag-
gregate, nearly equal the output of the sill
yer mines of the void.
Lyman j. Cages Opinion.
Lyman j. Gage has favorable opinion
of De Rothschild's proposals: t"The pro-
posals are eminently fair" he said yester-
day. "They are plainly meant to place a
disagreeable burden upon many shoulders
instead of one. The question has long been
one which everybody wished some one else
to solve. No one wanted to. no one could
solve it alone. OF course there are many
details which will have to he arranged, but
at first glance think the proposals in gen.
eral are meritoriUus and certainly worthy
of careful consideration"
Nobody Is Bound, Anyhow.
OF course nothing the conference NAV do
will absolutely bind countries sending dele
gates, but in the highest government cir
cles in Washington there is not expressed
the slightest doubt that every country will
give its Endorsement TO whatever conclusion
the conference may reach. The belief is
that the proposals will, in the main. be
nd