The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1894-06-14
international Conference in
London Recently.
EX-L0RD MAYOR EVANS PRESIDED
Many Prominent Bimetallists and
Statesmen Give Expression to
Their Views on the Financial
Question -Staunch Friends
Of the White Metal

The international bimetallic conference
under the auspices of the Bimetallic
league, was called to order at the Man
sion house, London, May 2, Ex-Lord
Mayor Evans presiding. Professor
shield Nicholson read paper on the fall
in the general level of prices in relation
to the appreciation of gold and the diver
gence IN the relative value of gold and
silver. A. j. Balfour, conservative leader
Of the house Of commons, made an ad-
dress. Balfour said many who have
been suspicious of a double standard and
bimetallic system now recognize, in
view of impending dangers, that it would
be the best safeguard to rehabilitate sill
yer as one of the great instruments of
monetary transactions Of the world. It
was absolutely necessary that the none
tary functions of silver be restored if
business is to be carried on solid basis.
The difficulties of an international agree
ment, he insisted, were merely as to de-
tails, and if any question should be settled
by international agreement, surely this
one should be.
Balfour's address was followed by a
paper by Leonard Courtney, M. P, on
the practicapability of maintaining the
ratio between gold and silver under inter-
national bimetallic agreement. This
was followed by discussion.
There were about 400 delegates present
at the opening session among them
Brooks Adams, of Boston, Mass, Mr..
Vanderberg, president Of the bank Of
Netherlands, Amsterdam; Henry Gar
luschi, president Of the French Bimetal-
lie league; David Murray, president of
the South Australian Bimeuallic league;
Thomas Salt, late president of the
Bankers institute; Sir Malcolm Frazer,
agent general IN London for western
Australia; Right Hon. w. Lidderdale,
ex- governor of the Bank Of England, and
prominent foreign and British financ1ers,
as we'll as many members of parliment.
The object Of the Bimetallic league is
to urge upon the British government the
necessity of Co operation with other lead
ing nations for the establishment Of the
free coinage of gold and silver at a fixed
ratio
Archbishop Walsh wrote that he was
B1du W 500 tll0 COul6FoHCo ulSCuSb Guo
aspect Of the case in which Ireland was
most deeply concerned, namely, the ruin
GUS effects of the present artificial dearth
of money upon husbandry and it's inter-
ests. II can only say the experience
year ago will but serve to deepen the
conviction of the irresistible strength of
the cause of international bimetallism.
The'.practlcal feature of the recent exper-
mental tampering with the currency of
India ought surely to be sufficient to
finally check the further development of
the disastrous doctrinaire policy which
has SO held ground in England"
The governor of the Bank of France,
M. Maguin wrote: "Ihe silver question
impresses more every day upon fnan-
ciers. The whole world requires it's solu-
ton in it's general interest. It is init
mated that it is founded upon the COM
mercial and industrial prosperity of all
nations. [ am resolute partisan for the
rehabilitation Of silver"
Francis A. Walker wrote applaudlng
"the gallant, gaining fight for the restor-
alton of silver to it's historical place in
the currencies of the world which the
Bimetallic league is making" President
Andrews, of Brown University said:
sour cause is making rapid progress, and
we are certain to succeed" DR.. Arendat,
member of the Prussian diet, decided
bimetallist, thought that another inter-
national conference would have very
different result from the Brussels con-
for