Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-11-28
Schemes Before the International
Monetary Conference.
kN kRCHBISHOPO THE GOLDSfANDARD
Terrible Railway Disaster Caused BY
6iunder.
A BOSTON MANS DOWNFALL.
WHAT TO DO wIrH SILVER.
schemes Go BE Proposed Co the Monetary
Coufrr-ence

Conference.
fBCssEIs. Nov. 2s The international none
tary conference met again today. The latest
report Is that the delay In issuing TO the dele
gates tho proposals y NJ. Alfred de Roths-
child, one - she representative Of Great
Britain, IL due e his asserting last night TO
The propagation hat the proposals be modified
IN acc o-canoe with suggestions made bv NJ
Montehore Lew. the president % the confer
ence, and other member II i reported that
under the scheme 20 be formulated bv Nj Do
Roihschlld. each government Represented
IL the conference II 70 be associated In the
purchase Of silver % ;he minimum amount OF
q. .oe0. .0OQ ard il ~ take a tNed proportion Of
this amount at limit Il ~ pence per ounce.
the purchases 20 be made direct by the treas
nriefof the various countries or through the
agency Of financial institutions II IL expected
that the British delegates viii support this plan
In tie interest of the Iudian currency.
PROPOSED INTERNArIoNAI COIN.
Danish delegate. who 10 monomstalist,
viii propose the coinage OF silver hve-franc,
four-sailling or dollar pieces. rated 90 geld se-
cording 20 the price - silver in the year pre-
vioEs to thc adoption Of an international agree
ment. with seigporage of the 10 per cent He
viii also rropose the appoMtmc . Of perma-
nent international commission 80 fix the initial
price. should the price of silver fall 90
D per cent below the coinage ratio the
commission will have authority 90 fx q
new ratio ard order the o. -ainage Of the
pieces. These coins viii be legal tender intel
nationally. banks 20 keep them a. a reserve
against notes and 10 have right to demand gold
IN exchange for them at any time from the gov
ernment issuing the particular coin held. This
scheme viii be the Fnnject Of lively communi-
cations between the delegates but il will not be
formally proposed until the de Rothschild pro-
posals are debated
SILVER ADVOCATE N IRELAND.
LONDON. Nov. -Bimetalism has found an
advocate in Archbishop Walsh OF Dublin. In
the course Of an interview regarding the dis
tress prevailing in Ireland the archbishop
declared that the adoption Of bimetallism
WIS a matter Of necessity 60 save the Irish
tenants from inevitable ruin. IL was dizheart-
ening. Tie archbishop said. to find that no in
terest seemed 60 be taken in the question by
the leaders Of the IRISH parliamentary
even the excellent land purchase scheme may
become. before many wears, source
Of widespread disaster TO purchasers under IL.
According 70 Archbishop WAlsh's views foreign
competition is not at all the sole cause Of the
ruinous fall in the prices Of agricultural prod
ucts. The main cause. he says. is the contiu-
uous rise in The value Of gold
What a prospect it is. he added. ''for the
lrish tenants whose Judicial rents are fixed for
fifteen wears. or for the tenants with annual
purchase payments extending over forty-nine
years. that gold has arisen 35 per cent in value
within the last fifteen wears and must continue
70 appreciate il the present system is MAIN
tanned" The archhishop concluded by ex-
pressing the hope that the conference at Brus-
sells would succeed in solving the monetary
problem.