The record-union., 1892-12-06
Special to the REcoRD-UN1oN.

'ltNAsll W tllt LAECOND-I MON.
BRUSSELS, Dec. 5.-When the Interua
tional Monetary Conference resumes i4s
slttlngs tomorrow the first matter re-
quiring settlement will be whether the
report of the committee appointed to con-
slder Rothschild's plan shall be further
debated or the proposals Of the American
delegates proceeded with. Rothschild,
Sir G. Fremantle and Sir William
Houldsworth, British delegates. desire
some expression Of opinion regarding
the Rothschild plan from the fun confer
ence. Bertram Currie, another British
delegate, aims to bring the conference to a
speedy close, and, in common with some
other delegates who are resigned to see
the conference result in a failure, would
accelerate the consideration Of the Ameri.
can resolutions as fastening to the wind
ing up Of the meeting.
tremantle, with view to the resumD-
ton of debate on the Rothschild plan.
has amended his declaration declining to
pledge the English Government to with
draw Its halt-sovereign pieces in favor of
silver, by adding the words: "Exceut
concurrently with the adoption Of the
KothschlId project or some other pro-
posal having the same compensatory
value" Fremantle, who is Deputy Mas
ter Of the British Mint has never been
known to take independent action or per-
sonal initiative, therefore it is taken for
granted that he is the mouthpiece of the
British Government i'll announcing as
sent to the abolition Of the halt-sovereign.
If, despite the adverse report Of the
committee, the full conference adopts the
ROthschlId plan numb Der of delegates
Will want the conference to close or ad-
journ December 10th at the latest If an
adjournment is taken it is doubtful if
there VIII be full attendance when the
sttings are resumed in January.
Currle has sent to the Times a verbatim
report OF the speech he made before the
conference rlday. This report is SINH
lar TO the heretofore published accounts
of the speech only in its advocacy of the
gold standard, Currie denies that evils
are impending to the world from the dis
use of silver standard. 1.-The costly sil-
yer experiments of the United States.v
he says, "are never likely to find imitat-
Ors. The conference has met to endeavOr
to raise the price Of commodities, an ob-
Ject entirely opposed to the economic
doctrines accepted in Great Britain.
Cheap goods, not dear goods; plenty, not
scarcity, have always been held to be
conditions profitable to trade. That q
general fall i'll prices has been brought
about by the scarcity Of gold has never
been proved. Such a theory is at vari-
ance with the facts within our knowl-
edge"
Curue has strong personality among
the British delegates and will not bulge
an inch toward compromise.
The possibility of the repeal of the
sherman Act was much discussed among
the members Of the conference TODAY.
The opinion was that it would bea serious
blow unless accompanied by some other
special legislation in support of silver.
The IHdepe7ldeBce Beige says the COM
mlttee examined into the proposal of
TeUohn, the Danish delegate. The pro-
posaI provides that an international
union be formed to fix the relative value
OF gold and silver on a basis of the aver
age price of silver i'll London during the
formation OF the union. Members of the
union will be permitted to coin an un-
limited amount Of silver coin TO the value
Of one dollar, which will have unlimited
debt-paying power in the country where
they are coined.
The scheme provides for the appoint
ment OF committee to watch the silver
market. If the value Of that metal falls
hVe per cent. below the value fixed the
committee will have the power to decide
whether fresh issue of silver coin is
necessary. Every bank of issue will have
the right to have a portion of its metallic
reserve in silver coin Of the union with
distinction, and in six months the nation
can demand that the silver coins held in
the bank treasury be repaid in gold by
the country from whence the coins came.