New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-09-09
THE FALL OF INDIAN RUPEES.
A PROBLEM IN THE CURRENCY INQUIRY
THE SILVER CoMMIssIoN-ENGLIsH BIMBTALLIsTs
WILL SATISFIED WITH THE APPOINTMENTS.
tBT CABLE THE TRIBUNE.1

THE SILVER CoMMIssIoN-ENGLIsH BIMBTALLIsTs
WE'LL SATISFIED WITH THE APPOINTMENTS.
tBT CABLE TO TRIBUNE.1
Copyright; 1886 North american cable News 90.
LONDON, Sept. 8.-Henry Grenfell, of the
Bank Of England, being asked to-day how the English
bmetallists like the appointments made upon the
Royal Commission for examining the relations Of cur
rency TO trade and commerce. expressed his conviction
that the commission meant business and might be ex-
pected to deal with the question Of the appreciation OF
gold fairly and practically.
at 10 not at all commission of bimetallists" he aid
"nor was IL meant to be. Pronounced bimeta-
]ists Ike Ginbs and myself. prefer an opportunity of
submitting our views for practical consideration and
action to such commission this, made up OF men
competent to deal with position fairly and candidly
and with an eye TO the practicable in legislation The re-
lsons of the question to India Of the most
urgent cause OF the action taken by the Government
for the fall In rupee paper has been unhnging every
thing connected with India. or course Lord Harris
never meant for moment to intimate that the Gov
ernnen had thought OF such thing as imposing duly
English cotton goods imported into india but that
under secretary should talk OF such thug illustrates
the pressure under which the Government OF
india is now suffering pressure which some able men,
familiar with Indian affairs have not hesitated to
resent as threatening the bankruptcy OF the Indian
Government On the ouucement that the com
mission has been formed, rupee paper at
In the city, doubtless because sensible men see that
whatever steps the commission may recomne nd for the
relief or india must have the effect OF restoring the
power OF the Indian silver money. The Government
has done we'll in sumnonng Mr. Barbour, tho
Indian Finance Department Secretary, to Eng
land to this commission, for he is
thoroughly familiar with the condition OF India
with the relation OF silver Its Buen
Smith. OF the India Council. will also be a valuable mem
Der Of the commission, as will my colleague OF the Bank
OF England, Mr. Birch, who is by means bimetal-
list Tho chairman. Mr. Balfour has long been known
as thorough and careful student OF the whole question:
Mr.. Grenfell expressed the hope that the United
States would send capable aud thorough men
to represent the currency ideas of America wne the
ssion is sitting. The United States, France and
Germany, he said, all OF them deeply concerned TO
observe what passes and they should be prepared at the
proper unite with measures calculated
10 readjust the currency relations OF the COM
mercial world. Mr. Grenfell spoke warmly
OF tho Intelligence and thorough mastery OF
the subject shown by Dana Horton. who
came to Europe with Senator Evarts and Mr. Thurman
at the time OF the Monetary Conference Paris and
hoped that one OF equal competence might come
to England 1t is at least as important" SAID
Mr. Greufe "that the right person should be sent from
America as II that any ono should be sent"
The commission will be organized at and will 90
to work possible. Mr. Barbour 10 understood
to be way from India Mr.. Chamberlain has
to the Continent tour but II the
mission gets fairly work he will doubtless
earlier