New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-01
WALL STREETS KEEN INTEREST.
.BANKEIS GENERALLY DOUBT THE WISDOM oF
THE DE ROTHSCHILD PLAN.

The Importance OF the conference on the monetary
question which IS now In session ut brhss"is III '"e
invitation Of the United states Government has been
realized n financial and banking circles WIN auo'N
force since the proposition presented by the Englsh
delegates. under The lead Of Alfred de Rothschld.
An apathy on the subject has disappeared. and the
,vi dom Of the efforts made by the Administration
IN effect an early solution Of the silver question has
become apparent 10 men Of finance VINO heretofore
have seemingly been Indifferent TO the question In
all the comments continued TO be made upon the
RothscblM plan rnn the vein OF satisfaction that
the representatives 0f the. British Government had
been fon most In suggesting method Of treating the
inrrnationai fnaLcial situation. The movement
was REGARDED rs significant OF the interest which
Enrlish economists and fnancicrs are developing In
the silver problem and OF the realization abroad and
among monomctasts that II possible the best inter
csts Of every nation will be subserved by general
agreement TO the future Of gold and silver in their
mutual relations.
But while there Is n more hopeful feeling aroused
as to the possibilities ID the meeting In the Belgium
CapIiaL there Is strong sentiment In Wall Street
circles against the wisdom and pracucabhty oi the
Rothchd method II pallatIng existing financial evils
Thco are some bankers who hesitate 10 discuss the
proposition because Of their Inability to see merit
I'm II ns It Is known, and among all men
who discuss the subject. the Impression prevails that
the cable has not brought all the details Of the sIg
appears first on the surface Of the Views Of bankers
and brokers, IS that the Rothschlld scheme points
10 a commitment of this country 10 ii financial policy
which dora not meet entire approval. II Is thought
that the plan proposed gives too much advantage to
the bl mctalllst countries Of Europe in any improve
mcnt to be accomplished I'm the position OF silver
willie II leaves the United States weaker than ever
IT, at the end Of ivo years the silver problem still
remains 10 the world Of finance 1t Is believed
by many bankers that determination by this Govern
mcnt to hold itself free from all commitments that
do not embrace tho principle Of International b
mealllsm would be- far effective In influencing
foreign opinion than any assent to measures which
contemplate making the United states the chief fnctor
in sustaining the existing position OF silver without
giving II commensurate advantages OF other sors.
Edmund ID. Randolph president Of the Continental
National Bank said
SEQ little the Rothschd proposition 10 commend
10 n our American delegates Busse except that they
Will OF coufse the evidence IL affords Of
kcenly awakened International Interest in the gravity OF
the present silver situation. The proposition as thu, Ia
outlined 4. presumably merely tentative, for t t~cou'd
scarcely been expected In the face OF sltitics
showing coinage requirements OF European Gov
crnments had compelled them tO buy over 5.OOO,OOO
pounds OF silver In 1891 that mere pledge OF contn
uance OF annual purrha Of that amount would prove
bait enough to present mistaken policy
for nve years longer nothing OF the stipulation
limiting tn, maximum purchase price to iS pence or about
20 the Daddy Dollar"
The Danish proposition seemed to me 70 offer more Of
the essence Of permanent relief in it, provision for in
ernational agreement upon now ruo at whch the ma
Coutiuued on second PAGE.