The morning call., 1892-12-10
POLICY.
Obstructive Methods at
Brussels.
THE DOG IN THE MANGER
She Won't Do Anything Herself and
Won't Let Any One Else Do
Anything for Silver.
Copyrighted. 1892 by the New York Associated
Press.

LONDON. Dec. 9-Letters from the Brit
ish delegates 10 the Brussels conference an
nounce their return to England next week.
lney Will oppose whatever requests the
American delegates may make with regard
TO prolonged adjournment. The repre-
sentative of the Associated Press has au-
thority from high source to state that the
ofnclal delegates, Sir Charles Rivers Wilson
and Sir G. Fremantle. Deputy Master Of
the British Mint, do not expect that the
conference will be resumed after the ad-
Journment, and that Bertram Currie will
decline to return to Brussels.
In the meantime Baron Herscheips India
currency committee. which adjourned with
out date until the Brussels conference
should be ended, has resumed its sittings
and is taking the evidence OF experts. The
members of the committee seem strongly in
favor OF the adoption Of gold coinage 10
India and the concurrent cessation of the
free coinage of silver.
What Chiefly prevents the early deter
mination of this policy Is the uncertainty
prevailing among the members regarding
the action OF tie American Government. as
the risk of the paralysis of the Anglo Indian
trade would be increased tenfoid under a
repeal or suspension of the silver-purchase
act. The committee has strong reasons to
await developments in the United States.
Currie Is among the minority which seems
ready to risk everything by a prompt dec
laration in favor Of gold.
The representative of the Associated
Press has reason to state that apart from
the protests of Anglo-Indian bankers the
leading single-standard experts have ad-
vised the committee against such radical
change IN the Indian currency. The Indian
Government also would prefer the commit
tee present such report to Parliament as
would be tantamount TO a recommendation
that the existing system be left untour he'd
Being questioned by the Indian Currency
Association as to whether it would take
measures to protect the currency of India
in the event Of the failure of the Brussels
conference the Indian Government today
replied, declining to give assurances on the
subject. The reply further stated that the
Government cannot recommend that the
Secretary OF India stop the sale Of council
bills below the rates now current. Pend
Ing the decision by the Herschell committee
the Indian Currency Association thought
to steady the position by getting the Indian
Government to promise not TO sell council
bills below fixed rate. The Government.
however. prefers to retain complete freedom
of action.
The fears at the Stock Exchange of an
immediate collapse In silver values appear
to have vanished. Silver securities have
strengthened during the last two days.
rupee paper closing yesterday at three
f0urths better on the day. Ii is again risen
three-eights to-day. The predicted failure
of the conference will have no effect upon
the Stock Exchange. Most of the securities
held here are gold obligations, and it is res-
soned the more silver falls in value the mere
people Will invest in gold securities