The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-12
TO TALK ABOUT SILVER.
ENGLAND TO ENTER THE INTER
NATIONAL CONFERENCE.

cellor Goschen to Deputation
From Leading Comm eroial Organiza-
tions.
LONDON, May 11.-Gsorge ]. Goschen,
chancellor OF the exohequer, announced to
a number Of bimetallic dsputations that
waited upon him to day that England
would accept the invitation of the United
States to take part in an International oon-
ference to discuss the silver question. Mr..
Goschen said that Great Britain had re-
ceived an invitation on Monday last from
the United States to send delegates to the
conference for the purpose OF examining
into what measures can be taken to in
crease the use of silver In currency systems
of nations; it would be seen that In accept
ing the invitation the governments would
not commit itself 10 any way to any actual
principle. The United States govern
ment has doubtless framed the In
vitation in manner to make IL
easy for the various countries invited to
accept. In arriving at this decision the
government had been guided by considera-
tlon for such large industries as were repre-
sented by the members of the deputation.
The government, he said, would also bear
The fact that the government would accept
the invitation imposed upon it a discretion
which he was sure the deputations would
appreciate. In conclusion. Mr.. Goschen
stated that the government was prepared
so far as 1t lay in its power, to consider the
views OF deputatious. He trusted that the
conference would go far in the direction Of
arriving at a satisfactory conclusion of the
vexed question, aud that il would meet all
hnk had
Gosohen's statement was received with long
applause.
SALISBURY PRESENT.
Lord Salisbury and Secretary Balfour
were present when Mr.. Gosohen received
the deDutation, which included representa-
tives of the chambers of commerce, bankers
and manufacturers and members OF trades
unions. Sir William Henry Houldsworth,
member of the House OF Commons for the
northwest division OF Manchester and a
cotton spinner on large scale In that city,
was member Of the deputation. He stat
ed that all the chambers of oommeros in
Great Britain conourred In urging
the government TO accept the invitation OF
the United States to take part In the con-
ference, which he hoped would settle the
question once for all. The situation was
becoming worse aud worse and unless 10
was remedied and developments In India
arrested disaster was inevitable. A num-
Der Of delegates spoke In similar manner.
Lord Salisbury then asked Mr.. Goschen to
reply, informing them that it was the gov
ernments intention to accept the invita-
tion.
AN ADVERSE COMMENT.
LONDON, May IL, 3 A. M--The Daily News,
referring TO the announcement made yes ter
day by Mr.. Goschen, chancellor of the ex-
chequer, that Great Britain would accept
the invitation of the United States
to participate in the silver oon.
ference, says: "Mr. Goschen has
walked into the American parlor. and thus
committed himself TO the opinion that BIZ
metallism is an open question. o, for one
hour of the sturdy Smith Qate first lord OF
the treasury who declared his belief that
the double-standard plan was fallacious and
that an attempt to carry 10 out would be
disastrous"
RESPONSIBILITY OF THE DELEGATES.
The Standard says: ''No harm can
come from an international bimetallio
conference, but prudence must be shown In
the choice Of delegates. They should have
no fixed theory, but should be trusted to
look dispassionately at the facts. We must
confess that we have little hope that direct
good will come from any conference having
the object of giving a fictitious
exchange value to any commodity
under the sun. It is az important 90 pre-
vent harm as to do good, and incalculable
injury might be done the country's credit
if the notion was indiscreetly encouraged
that the government was disposed TO tam
per with contracts to suit particular Sec
tions of the empire Of special countries at
the expense of others"
REGRETTED BY THE TIMES.
The Times says: "We regret the course
the government has taken. 1t appears to
be playing into the hands OF the politicians
in power in Washington. IL ii were possl BILE
by the protocols OF the conference to estnb-
lish a permanent parity between gold and
silver, the object would DO worth the effort
and sacrifice; but It is as impractioable as 1t
is for pint pot to hold quart. The effect
of the conference will only be to keep
the silver market and the whole question Of
currency In an unsettled state for long
time to come. Is anything likely to be
done by an international agreement, which
will give greater stimulus to the rehabilta-
tion Of silver than the Bland billl Is 1t
likely, even il the government advised the
Bank of England TO hold O portion of
its reserve in silver, that European
powers would be tempted to embark In the
policy OF bolstering up silver. or that the
bank of England would consent thus to
reduce its already too small gold
duce an effect which the Bland act failed
to producel We cannot now avoid being
made to serve the turn of political wire
pullers aud stock spectators by acceptance
OF President Harrison's invitation, but we
can at least be careful not to 90 beyond
the manifest and narrowly-defined bound-
aries Of safety"
WASHINGTON NOT SURPRISED.
WASHINGTON. May lit was stated at
the treasury department this afternoon that
no official response has yet been received
from any of the foreign governments in
vited to join this government in q confer
ence on the silver question. The London
press despatch containing Chancellor
Goschen's statement that England will send
delegates to the conference created no sur
prise at the department whatever for the
reason that positive assurances to that
effect had been previously given by the
proper representatives of her majesty. 1t
been received from other governments and
that the President has delayed the issuance
of formal invitations for the monetary con-
ference until after he has received salts
factory assurance that the principal Euro
pean countries will be represented. The in
vitations we're mailed two weeks ago aud
responses from the respective countries may
be looked for in a short time.
Showalter Unable TO Win.
NEW YoRK, May 1.-THE eleventh game
OF the championship chess match was con-
tested to-day at the Manhattan chess club
between Lipschutz and Showalter. The