St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-12-04

we would gain approximate $50 000, 900
on coliIihg the bullion, which would
bridge over any difficulty rising from
the deficiency in the treasury the COM
ing fiscal year. SO that we need not,iSsue
bonus nor take any other steps than
cnining that bullion to provide ourSelf
with needful funds"
''DO you think the proposition to
make the silver legal tender up to So
shows more liberal disposition to-
Yards silver on the part OF Great
Britain?"
THAT would make it a subsidiary cur
rency; mere token. Any prop isltion
that does not make it full legal tender
is not making money OF it. W hat Great
Britain wants is To force the United
States to demonetize siiver-to make
IL simply subsidiary currency.
What we should do is to drive Great
Britain to the use of silver as
money, And we could ds it. We would
only tave TO make money OF silver, and
Great Britain would have to act with us.
for it has 100 many interests not to 40
II. Rothschild has stated that Great
Britain could hot afford to DO
anything that would hurt us. Aus
tria, Russia and other nations are
buying gold. suppose We should go
into the market aftergold. Yes, 1T has
been talked about. 1t has been SAID we
shall sell more bonds or should issue
more legal tender notes and provide
basis for them by buying gold. Ii we
went into the market we would beat
them. The price of gold would keep
rising. There would be a scramble Tor
1t, and then a crash. when the people
would come 10 realize what this sole
gold basis means"
To Come alp in Conference.
BRUSSELS. Dec 3.-The rejection OF
the Rotnschild plan by the committees or
the international monetary conference
does not finally dispose of MI. Roth
schild's proposals. The minority OF the
committee vino supported the plan
are feeling their way to taking
vote of the conference on
the scheme with the amend
ments offered in the committee that no
limitation be made OH the price, thai the
proposed annual European purchases he
over and above the ordinary purchases
tor broken coinage and metal, ana that
the purchases be employed as money
either by coinage or as metallic OASIS
of notes to be issued. These Speciilca-
tionS increased The value OF the plan III
the eyes oil the DlInetalllSlS.
Wren the conference reSumeSitS SEES
sion Tuesday Sir " illlam houldsWorth,
of the British delegates. Will bring tor
ward further amendments to Mr..
Rothschild's proposals, as the com
mittee recommended discussion
of the plan with amendments
by the full conference. The proceed
ingS on Tuesday will probably continue
~, a linnS ut ArHnXt7C nnEtilU
less the American delegates decide to
ask the conference TO proceed without
delay to discuss the question of inter
national bi-metalllsm.
1t has TRANSFERRED that the delegates OF
the countries belonging to the Latin
union voted against tie Rothschlld pro-
posals Oh the ground that they were not
able to recommend taeir governments to
increase their stocks OF silver under the
limited purchase system, and because
the countries in the Latin union
could not increase their pres
ent silver currency without in
ternatiOnal free coinage being estab-
liShed. With regard to the plan OF
MoritZ Levi, which includes the with
drawal of all gold coins under the value
of 20 francs, Sir c. Fremantle, deputy
master of the British mint, declared
that he could not promise the consent
of the British government to the with
drawal of its balfSovereign pieces.
The British and International Cur
rency association will send a memorial
to Sir William Vernon Harcourt. chan
cellor of the exchequer, asking him to
instruct the British delegates to the
international monetary conference to
entertain any reasonable proposals for
the establishment of an international
currency.