Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-12-10
BRUSSELS CONGRESS.
THE BRITISH DELEGATES ANNOUNCE
THEIR EARLY RETURN HOME.
They Seem to Have Been Sent on Purpose
60 IuddiO Things-Iodia Commit
tee Proceedings

lCopyrigbt. 1892, by the Associated Pressl
]1osDoy, December g.-Letters from the
British delegates to the Brussels-conter-
ence announce their return TO England
next week. They will not oppose any re-
quest the American delegates may make in
regard to prolonged adjournment.
The representative of the Associated
Press has authority from high source to
state that the official delegates, Sir G.
Rivers Wilson and Sir c. Fremantle, De-
putty Master Of the British Mint. do not
expect the conference 10 be resumed atter
adjournment. and that Mr.. Bertram Currie
will decline to return TO Brussels.
HYEscHELis INDIA COMMITTEE.
In the meantime Baron Herschers India
Currency COMMITTEES, which adjourned
without date until tho Brussels confer
ence should have ended, has resumed its
sitting and IS taking the evidence
of experts. This committee, instead
of meeting in India. has been work
inc III Baron Herschels room, IN the
House of Lords, where several repre-
sentatiyes Of the India Finance Commit
tee. and Mr.. Gifen, a well-known mono
metallist, have been heard on successive
DAYS since Monday. The members or the
committee seem TO be strongly IN favor OF
the adoption of gold coinage IN India and
the concurrent cessation Of the free coin
age Of silver.
UNCERTAINTY As TO AMERICA.
What chiefly prevents an early determi-
nation IS the uncertainty prevailing among
ths mem bers regarding the action OF the
American Government, as the risk OF ps-
ralysis Of the Indian trade would be n
creased tenfold under repeal or sup
preston Of the silver purchase act. Inc
committee has strong reason 70 await &C.
velopments IN the United States. Mr..
Currie is among the minority, which seems
ready 20 risk everything by a prompt de-
ciaration in favor of gold.
AGAISsT RADICAL oHAEGE.
The representative Of the Associated
Press has reason to state that. apart from
the protests Of the AnglO-lndian bankers
leading single-standard experts have ad-
yised the committee against such radl-
cal change III the Indian currency. Inc
Indian Government also would prefer that
the committee present such report 70
Parliament as would be tantamount to
q recommendation that the existing
statutes be left untouched. Questioned
by the Indian Currency ASSOCIATION as to
whether il would take measures to protect
the currency in the event OF .he failure OF
the Brussels conference, tne lnQlan GoF-
eminent to-day replied, declining to
give assurances on the subject. The
reply further stated that the government
cannot recommend the Secretary Of India
10 stop the sale OF council bills below the
rates now current. Pending decision by
The Herechel committee the India Cur
reucy Association thought 10 steady the
position by getting the Indian Government
10 promise not 10 cell council bills below
fixed rate. The government. however
prefers to retain complete freedom OF ac-
ton.
silver Securities Strengthen.
LONDON. December 9.-The fears that
were entertained at the Stock Exchange oi
an immediate collapse in silver values ap-
pear TO have vanished. Silver securities
| have strengthened during the last two
davs. rupee paper closing yesterday &c.
better on the day. 1t has again risen Is c.
| today.
Ii is predicted that the failure Of the In
ternationa Monetary Conference Will have
no effect upon the Stock Exchange. Most
! of the securities held here are gold obllGa-
tions. and It is reasoned that the more sill
| vcr tails in value the more people there
will be to invest in gold securities.