The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-11-30
THE MONETARY CONFERENCE.

BRUSSELS NOV. 2S,-1ne COulmLLtee
appointed yesterday by the interna-
tional monetary conference to consider
the proposals of Mr.. Alfred DeRoths-
childs, which were presented to the
conference yesterday is made up as fol-
lows: Sir G. Fremantle, Great Britain;
Sir Clifford L. Molesworth, India;
Henry W. Cannon, United States; NJ.
DeFoville France; Signor simonelli,
Italy; G. T. Tietjen, Denmark; N. P.
vanderburg, The Netherlands; Hans L.
Torsell, Sweden and Norway; Senior
osma, Spain; NJ. Cramer Frey, switzer-
land; NJ. Sainctletto, Belgium, and NJ.
RafTalovitch, Russia. Mr.. Alfred De-
Rothschild, Great Britain, and NJ.
Montetiore Levi, president Of the con-
ference, are ex.otficio members oil the
committee.
The committee will also consider the
plans suggested by NJ. Levi and Prof.
Adolph Soetbeer. The plan OF NJ. De
Rothschild, reported in these dispatch
es OF yesterday, is, in brief, that syn
dicate OF the nations be formed to make
yearly purchases OF silver to the
amount OF Eve million pounds sterling,
and that America continue her pur-
chases OF silver rs at present. In the
event of the price Of silver rising above
43 pence per ounce, the purchases are
TO be ut once suspended.
Prof. soetbeer's plan is to establish
one gramme OF gold in the internal
unit Of value, and to stop the minting
OF coins containing less than 5.70G5
grammes of pure gold.
The circulation Of coin OF foreign
countries OF less than the new standard
will be prohibited by the countries sign
ing the agreement, and gold coin OF in
ferior value will be Withdrawn within
five years. Private individuals will be
allowed 10 coin gold upon the payment
OF an agreed seignorage.
Gold certificates may be issued against
gold held in reserve. Prof. Soetbeers'
plan also includes the coinage Of silver
in the proportions OF 20 value units OF
that metal to one OF gold, but private
individuals will not be allowed free
coinage OF silver.
His proposals have been discussed in
financial circles for some time past and
by well known persons interested in
solution OF the monetary problem. Ot
the committee that will consider the
proposals five members are avowed bi::
metallists, six are monometallists and
one is doubtful. The committee will
sit twice each day. 1t is the general e1-
pectation that Mr.. De Rothschild's pro-
posals will be accepted by the COM
mittee and then referred for adoption
or rejection to the conference and the
governments represented with modifi-
cations suggested by the schemes OF Al.
Levy and Prof. Soetbeer.
The adhesion Of the German delegates
is now considered certain, as Herr
Decebend, formerly president OF the
Reichsbank, approved the main lines OF
Prof. Soetbeers proposal. The French
representatives will also support the
plan of Prof. soetbeer, which was COM
municated by NJ. Tirard, French ex-
minister OF finance. This was favor
ably received by all the French dele
gates before it was submitted to the
conference.
With the prospect Of an agreement
being achieved nobody looks for the
failure Of the conference, which at first
was the only prediction made as the
outcome OF the meeting. So rapidly
has the optimistic feeling grown that it
is reported that the conference is likely
to conclude its labor next week. 1t was
said last week that the session would
last until after Christmas. The Amer
ican delegates have strong reasons to be
satisfied with the recognition OF the ad-
vocates OF monometallism and the SER
iousness of tho dangers arising from n
future fall in silver. They are disposed
tosupport Mr.. DeRothschild's proposals
on the principle that half loafis better
than no bread.
The India delegates are also 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 sill
yer. The American delegates believe
that the continued absorption OF 80, ,000,-
600 ounces OF silver by the European
powers would bring about an artificial
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 representa-
tives have been to performance of an
English company which is playing
"Faust up to Date" in Brussels. At
the conclusion OF the conference the
burgmaster contemplates giving grand
municipal ball in honor Of the delegates.