Savannah morning news. [volume] (Savannah) 1868-1887, 1884-02-21
BTAfETAIISM.
The Movement Attracting Considerable
Attention, Both in the Old World and

The Movement Attracting Considerable
Attention, Both in the Old World ana
the New.
The movement in favor Of bimetalism,
which induced several conferences that
have been held to consider that subject,
and which was especially encouraged by
the recommendation of the International
Bimetalhc Conference at Paris, says a
New York special of the 18th to the Louis
vile Courier-Joarnal, has lately taken
active form through the association IN
this country and elsewhere, and have or
gained for the purpose OF agitating the
subject. Mr. Evarts. Hamilton Fish and
others Of like character and influence
have attached themselves to the move
ment here, and the members Of the old
association feel encouraged to believe
that bimetalism will soon figure actively
in affairs Of international politics. Ihey
have begun correspondence with similar
associations in Europe.
The following letter, showing the status
Of the English association, has just been
received by William Baucher, Secretary OF
the association in this country;
INTERNATIONAL MONETARY STAN
DARD ASSOCIATION, 81 LEADENHALL
STREET, LONDON, Jan. ., 1So4.-DEAR
SIR: have the pleasure to acknowledge
the receipt Of your favor of the 10Th INST,
and Will now endeaVOr to reply TO YOUR
queries therein conveyed.
In the year 1879, when the attempt was
made TO start the association on Its pre-
sent basis, no first class men OF business
or politicians could be induced TO join,
nor any OF the newspapers TO take notlce
of the question. and the Right Hon. Geo.
j. Goschen and Mr. Henry Hicks Gibbs,
who represented this country at the In
ternational Monetary Conference at
Paris, were both adverse to the princi-
pies and practice of bimetalism. BY the
beginning of 1882 matters had so changed
that a council was formed, consisting OF
three Of the directors of the Bank of Eng
land Zone being Governor of the bank at
the time, one of the Parliament repre-
sentatiyes of the city of London, and
several other members of Parliament
connected with the trading centres
Of the country, together with
some Of the leading merchants,
bankers, ETC., who represented no one po-
litical party. but were drawn from Liber-
ais ana Conservatives. The work of the
association has led to a full discussion Of
the principles advocated by the leading
financial organs of the day, two Of whom
are now its regular supporters, and the
fed its attitude of opposition. The ques-
ton has been further ventilated at the
various meetings of the Associated Cham
bers Of Commerce, the Statistical Society,
the Social Science Congress and the In
stitute of Bankers. 1t is understood Mr..
GOschen's views have undergone change
since he represented this country at
the Paris conference, but it is thought bet
ter to get his friendly sympathy and adj
xyfo TO no q fIt
Cabinet Minister, to pledge himself openly
as a supporter Of the question. Our Man.
chester Hon. Secretary reports decided
growing feeling throughout Lancashire
in favor OF bimetallism, and ] may men,
ton that 5000 copies Of our last paper
have been distributed in that quarter
alone. very important feature also is
the adhesion OF Professor Sedgwick, of
Cambridge, whose new work on Political
Economy is likely to become the text
book in the universities, and his feelings
are l believe, shared by Professor Mich
olson, who holds similar appointment in
the University Of Edinburgh.
AS regards the present government, l
believe it to be strictly true that none Of
its members have ever prOfessed to study
the question in the light Of its new exist
ing condition, being all Of them inclined
to accept the dictum Of Mr.. John Stuart
Mill as final. Three of them, perhaps.
may be excepted, md they are likely to
influence the political influence Of the fu-
ture. viz: Rt. Hon. Marquis of Harting-
ton, Secretary of State War Department;
Rt. Hon. George o. Trevelyan, Chief Sec
rotary for Ireland, and Mr.. i. II. Court
ney, Financial Secretary Of the Treasury.
Among those who are likely to join the
next Conservative government there is
probably more general sympathy
with the question. The late Lord Beacons-
field was distinctly favorable, and Lord
Salisbury and Sir Stafford Northcote are
not opposed to the consideration of it. 1t
is in times of sharply falling prices and
wages, as at present, that the association
can count upon a better hearing, and this
object is by the distribution of their own
literature, and through the press, to en-
lighen public opinion on the subject, but
the turning point in the movement is gen.
orally supposed here to be the suspension
of legal tender silver coin on your side. l
remain, dear sir, yours faithfully,
q. T. FRAZER, Secretary.
VIM. BAUCHER, ESQ, Secretary l. b. Nj.
A, New York.