The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-05-14
THE PRICE OF SILVER
Financier GOschen Thinks the
Nations Can Fix 1t.
LEADING QUESTION IN ENGLAND.
Italy and Austria Have Accepted Invi-
Washington City About July.

LONDON, May 18.-An effort made today to
sound Goschen as to the basis OF the bi-metaliic
conference, ELECTED a response that he would
not speak on the subject while the negotiations
were in progress, as a solution of the problem
might be compromised il information were
given out now. This Is accepted as in
dicating his belief that the conference will
not prove futile as mono -meialists predict.
While the leading London papers are against
the conference the provincial journals acclaim
1t. The financial papers are discussing the
ratio between silver and gold in event
OF an international agreement being reached.
Experts II. K. Grenfelt and Samuel Montague
concur in expressing opinions that fixing the
exact ratio is not the essence OF the question,
and that any ratio proximately accurate could
be maintained under an international agree.
meut
WASHINGTON CITY. May 1S-President Har-
rison has received from Italy and Austria ac-
ceptances of the invitations to participate in
the International monetary conferences. The
acceptance OF Italy is especially pleasing
to the administration as. on account OF
its position as the head OF the Latin union,
it will influence the remaining nations to join
the conference. 1t il positively known that invi-
tasions have been forwarded to all the European
powers except Turkey. Some talk has been
caused by the fact that replies to
these invitations are slow in coming
1uis uelay Is caused Dy the Iact tnNL tno
invitations were sent by mail instead of by
cable, as at first intended. The replies from
the remaining nations will probably be re-
ceiyed shortly. 1t Is the belief of those best
acquainted with the progress of the pegotia-
tons that the international monetary confer
ence will convene about the 1st of July.
The moderate silver men in congress are very
well pleased with the progress made toward the
international monetary conference, and ACCEPT
1t az an earnest OF the sincerity OF
the administration. They say, how
ever, that in order to make the conference of
any advantage the president must appoint men
who are friendly 10 silver as delegates from the
United States. There will be five delegates, and
the silver men argue that this number will give
ample opportunity for the representation of the
various views. They are not disposed to in
sist that the delegates shall represent the
extreme free coinage view as held in the United
States. but believe they should be sincere
friends of bi-metaiism, not "gold
bugs" either openly or in dis
guise. The appointment of men bitterly
opposed to the free coinage of silver under any
conditions would, silver men say, make the
monetary conference farce and deprive
it OF any usefulness They hope the prssi
dent will seek to give additional weight and
popular support to the conference by
sending the names OF the American delegates
to the Senate for confirmation. They admit
that he can ask gentlemen to serve without ask
ing the approval OF the Senate, but believe it
would be more in harmony with the spirit of
the institutions, and would strengthen the dele
gates and the con ference if it were known that
the delegates appeared with the sanction of the
Senate. If the names OF men of moderate views
are sent to the Senate, the silver men say there
will be no opposition to their confirmation.