The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-01

to hear witnesses OH any side OF the ques-
ton. 1t is understood that the committee
will take as the nearest approaching ac-
curacy the statistics prepared by Ottoman
Haupt especially for the use of the con-
ference. giving estimates compiled from
the latest data of the monetary stocks of
the world and the annual production and
consumption of gold and silver.
Senator Jones, one of the American dele
gates, has prepared special statement of
the consumption and production of silver.
The COMMITTEES has consented to the re-
quest of the Danish delegate. c. +. Teit.
gen, to submit his plan as an addendum
to the RothschIld plan. Teitgen is
monometallist. He proposes coinage in
silver of five francs. four shilling or dollar
pieces, rated to gold according to the price
of silver in the year previous to the adopt
ion of the international agreement, with
seigniorage of 10 per cent. He also pro-
poses the appointment of a permanent
International commission to fix the initial
price. Should the price of silver fall to 5
per cent below the coinage ratio, the COM
mission will have authority to fix a new
ratio and order the recoinage of the
pieces. These coins will be legal tender
internationally, banks to keep them as
reserve against notes and to have the right
to demand gold in exchange for them at
any time from the government issuing the
particular coin held. The members of the
committee have decided that their pro-
ceedings must be kept. completely pri, ate
until definite decision is attained. They
will not communicate to delegates not be-
longing to3 the committee the progress
AZ .;
The conference did not meet today. The
next session will be on Friday, when it is
expected that the committees report on
Rothschild's scheme will be ready.
LONDON, Nov. 30.-The Daily Telearaph
suggests that silver be made legal tender
up to the amount of "a in order to secure
the inviolability of f5 pieces. 1t con-
tinues:
Even if the conference should adopt Roths-
child's silver plan, there might be months,
perhaps years of negotiation between the fer.
ent governments before anything could be
actually done, but IL is universally felt that
Rothsehild has done great service to commercial
interests by averting an utter smash of silver
through the collapse OF the monetary con.
ference.
The Standard says: The silver market
is not favorably impressed with Roths-
child's scheme. The more the scheme is
examined the more patent becomes its
impractibility. A collapse of the none
tary conference is expected in all thought
full circles.
The Ne,cs says that it is understood that
the proposed limit of the legal tender of
silver will be reduced to e. 1t also sug.
gests, inasmuch as Sir William Vernon
Harcourt selected Rotnschild as delegate
to the monetary conference. that the last
named gentleman has received an inkline
that the British government will support
his scheme.
LONDON, Nov. 80. - The Standard,
Vienna correspondent says the whole
Austrian press without exception re.
CARDS the Rothschiid silver scheme as
impracticable, believing it would in.
crease the over production of silver
retard the creation of fixed ratio, and
leave the situation at the end of five years
far worse than now. Austrian paper.
prefer the scheme of Julius Wolfe, oi
Zurich, to appropriate mines, prohibit
the opening of new ones, and
declare the production of silver q state
monopoly. This plan has the merit o.
throwing the burden of the rehabilitation
on silver producing countries, and the de-
feet Of supposing countries like Bolivis
and Mexico able to appropriate mines OF
stop illicit mining.