OCR Text |
Show BYWIRETO-DAY The International Monetary Conference. MONEV IN' CHtCUIiATIOJf. Arranfiemcats for tho Burial ol Iho Reoiilns ot Gould. diiatii i- jhsi jr.iuv wi.tr. Iliilillcr.tllim I'rnbaMr trt lla Sins- (ended Inr line VfKr.-HIIIiU by lleiubler. llnussEM, Dae. 3. Tlm rejection of Iho Itothschlld plan by the rommltloo of tho International inonitnry confer-enco confer-enco do;a not finally dl-poio cf ltoths-chlld'a ltoths-chlld'a proposals. The minority uf thu committee, who supportal tho plan nro feeling their way to taking tho volo of the conference on tliu (Clieme, with amendments, dieted In the committee, that no limitation bo mado on (he price of tho proposed annual an-nual European purchases of thirty million ounces of silver; that tho purchases pur-chases bo over and above tho ordltiury purchniea for token coluago and metal, and that tho purchases bo employed as money itthur by colnago or as u metallic. bull of notes to It Issued. These modifications have Increased Iho value of tho plan In thu cj ea of the blmutalllsts. When the tonference trail cieisesilouonTiiuiday, Blr William Hoiildsworth, one ot the llrlll.h delogati-a, -III bring forward for-ward further amindmtnta lo Iloths-child's Iloths-child's proposals, asflhe commllteo recommended a dliciiislon of the plan Willi nnitiidruuntt by the full couferrnuo during tho proceidlni(s tf TueJa meilluz, uuleia the American duleratoi duddu to aik tho I'onf-renco to proiecd, nllhout delay, to dl(cus the qutitlou ol liilcrcatlouai bl-motalllim. It hal transpired that Iho delegates of the countries belonging to the Latin union votud njilnut tlio ltolhtchlld proposals on tho grouud that they were net ablu to ii commend to their governments to Incrvnsa the stocks ol silver under tho limited turchase echeme, aud Itcaumi the countries In tho Latin union could not Increatu the prcaant tllvir currtney without International frcu coinage Ulng ittabllihed. Willi regard to tho plan of Morlti Levy, which Inuludta tho Klihdrawal of nil gold coins under the value of S francs, Blr C. I'rrmanlle, deputy mailer it tho Hrltlah mini, declared that ho could not promlns ihu content cf the ISrIHih governinont to tho withdrawal with-drawal of Us half aovcrulgn pieces. l'UElia OOUSIKMB. 1-ONDoM, I)ca 3. Thu leallng fln-nnclal fln-nnclal tapers ot London, Jkonomlit nnd SlatM, dlsipproveof Iho Itoth- child scheme nnd rtcur to tho prediction that the onfeicnce will not adopt anything practical. An eminent authority writes to the Slaliit that he advocated the Hothichlld pi in for the polo reason that the delay In thu silver cotlo In the United Btntes would i natlo ludia and oilier couutrlis lo arrange their financial systems. llKL'twrtJ), Dec a. Thu Jndepen-denoe Jndepen-denoe lld'jt, referring to tho muting of the Latin Union dehgatea held yesterday, alaits that theso ilclcjatoo decided not to lay llielr pregrummn before the confrroncu at prueut, but continue to maintain un expectant uttltude. |