New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-30
FOREIGN COMMENT on TIE Ql fSll'N.
INDIAN RANKS WANT sECUMTY-lNocihifs
AnaI-r IONnON.
ABOUT SILVER II LONDON.

ciul, limo oo-Thc Indian Govcrnm' NJ u oE'
cussnc the claims OF the various banks. whlcA nav
CT 500 900 in silver now on passage I" i"'i'' '
desire compcnsaion for the depreciation III 'h' VAIN"
NJ the metal arising from the action 81 t"e ""''
mon, I'm stopplnc the free coinage Of silver. IL l.
.o,d that the government l. inclincd To secure u"
banks against loss. -, a.,
Ioraon Junr .o-Furthcr inquiries were MADE W
,.o Hons. Of Commons to-day regarding the 'h''r
., ,bc action Of the India Government In s'npWh'
tho free coinage Of silver. In rcsponS" -. T.
Russell Iaram, ntary Secretary "i III" ilni" Unit
aid iha, neither the Government o! lhdi" nor wv
ue-schcu Committee expected prices In Inui' 10 "
materially altered under the new currency "F''"-'
mcnts. -, -
Tho Right Hon George i. Goschcn. Who WI
Chancellor OF the Exchcqucr in the last abn'' o
ord salisbury asked whether the lI"rschel tom
ri,,oc and The Government had boon prepared u"
t:e crca, fall that had already occurred III INC p"
-, .,,vcr Would not he inquired. the fall nI'1ii,
tho views Of tho Government AMI III" committee
Mr. Ru,s,l said he could not answer Tor 'h' "''
scheu Committee with regard 10 ih" Government
no would leave Mr. Go,chcn to his own opinion
Mr. Gladstone laid that tho GGv'rnmcnt hau ,n'
,nprcssion that there no bKcnhooi OF any S"r"n'
a IN me value Of Rrodn@ ns N r iS te the view,
a fd1 should occur. lie "ouu r-'u''' F'~'0 " ~
Amsterdam, June 90. Tn" market here Tor v saIsi
has been with the Other market oi ,c
greatly affected by Tho action Of inc 'ovefninfhn'
~ India I'm dsrllnc with ia" currency H"'N""" ~
that country. In the open mar9.t we pii,e vi IN
silver has dropped nom % emlf"rs 10 w s"'''
Brussels June 20-Rcpying to question W r INC
cl,omber Of Dcpu -. to-day VI. Bern" rt, nc ir'S
dent Of the Connc and Minister OF Finance e,h,'u
thar tho line was III chosen 10 discuss Inc pfoy,p
effect, of Indian monetary questions on lh' >liN''
Interests Of the nations FORMING 'h' I'm" '''''
lie added that The international Monetary Toni rene
would probably be assembled In liruNs'I, ,ho,lN'
Inndon June 20 ~csclGl members ~ Ia lahi"h''
who speak with authority On money pue,iips W.T.
econ this cycring Sir Wlll?m Wordsworth Tue hi"N
inc spIn, In the Timetable League. sad that indla
action would steady "ACbarg'. and thrs relieve 81
,nuc tlrculty the irnGe between Lancashire ara ih'
indian p1rts The pos on ~ In Tia won e'e lhlly
become 20 dcult that sn" would be Obliged I" aooP'
lmetalsm . ., l.. ,n.,a
and bos written book concerning The country ana
rs people said he Inclined 10 thnk ihH clT't'
effect of tho Indian Governments action WOMB 10
smalI In India ns prices Their" WIRE nNrd most Y ~
cus ON samuel smith. n Iibcr !. who Is r'gndcd
"a nm authority IN most Indian az rs. said inst the
Dri(c OF silver probably would drop to 20 pence per
ounce. -, - , -, a.,
t1 below 80 pence. IIc could not Sc how II wns
nossibr for the ndinn Government to do oim r"i'"
han n had done. I'll" silver market Womb rec"N 7
slowly and touch a considerably higher y Int tIah IN
o,c nj which n now stood. sir Richard Temple ~
Governor OF Bombay said that IN" linden plan was
an wrong economically. Tn" gold standard ought tn
bavn been introduced In India twenty I'VE years ago
Dodabhai Naoro the onlT liindoo In Tho Hons" OF
Commons said that the indian GovcrnIn"nt had aci'd
n,nrclv Tor fine interests OF the Anlondian saail"d
oHBciols and had unoadcd further burdens upon tho
taxn