New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-27
MIR. CLEVELAND MUCH CONCERNED.

HE AND SECRETARY CARLISLE IN CONFERENCE
on THE srBJECT-THE SILVER MEN DUMB.
Washington June 26-The President Secretary
Carlisle and the financial officers Of tho Government
generally received their first authentic news OF the
startling action Of the Government of lnda IN suS-
pending silver coinage. through th" press dispatches.
There had been rnors on tn. subject earlier In the
day. but they passed upon as rumorS only,
though their substantial accuracy was not doubted
When the reports of Mr.. Gad,tOne's announcement
I'm the House OF Commons and Lord kmberleys state
ment I'm House Of Lords received the gravity
Of the situation became at once apparent Mr.. Car.
Isle Immediately went TO the White House ana
for nearly two hours discussed the bearings OF this
action with the President. without reaching any posi-
tive conclusion line Of action To be adopted.
The conference was renewed at Woody the Presi-
dents suburban retreat. later In the evening ana was
prot rncted until far into the night. The circum-
stances are regarded too serious To permit OF any
expression OF opinion 10 the future policy Of the
United states until all the facts fully digested.
This much however. can be stated with absolute
confidence that the action OF the India Government
I'm closing the Indian mints to the free coinage OF
silver Is regarded by the United States doing away
with the necessity reconvening the International
Monetary Conference which was 10 have met again
In Brussels this fall 1t Is not believed that this
action taken without express orders from the
English Government. which has general supervision
and control over Indian affairs. During the session
Of the International Monetary Conference at Brus-
sells. last December. General Strachey, delegate Of
British India. in an address delivered before the
conference, said
AS indication OF the strange condition Of afYairp
It may I've further mentioned that there has lately
arisen In India Il serious agitation this subject,
and that pressure has been put the Government
TO take direct action for the purpose OF applying q
remedy to the numerous evils which are regarded
being due TO the fall In the value OF the rupee,
affecting not only the public finances and admlnistrs.
tion but with equal severity numerous commercial,
industrial and social interests: and among the rene
dies proposed and strongly advocated by many In.
huentia persons and authorities Is the adoption by
India Of gold standard and the suspension OF the
free coinage Of silver at the Indian mints.
In these circumstances the delegates OF India have
been instructed that while studying with the greatest
and good WILL In concert with our colleagues
to insure wider use OF silver currency they are
on no account to give any pledge that may interfere
with the complete freedom of action OF the CIV
ernment OF India IN respect any measure aectins
the currency OF India that 1t might desire to adopts
In view OF this announcement at the conference
the action OF the Indian Government to-day was NOT
alogethcr>s surprise TO Treasury officials althouoh
what Its effects may be the action OF the Inah
States cannot be accurately gauged. Information ,h
tanned from the Treasury Department shows tnat ,h.
worlds product OF silver during the last fiscal YEA,
was 152,oO0.0Oo ounces. OF which the United States
purchased 100000 outside Of the silver used