The comet. (Johnson City, Tenn.) 1884-1916, 1894-05-10
BIMETALLISM.
Opening Day of the international
Conference at London.
Addresses BY Rt. Hon. A. J. BaIrOur,
sir William HouldswOrth and
Others.

opening day the international Bi
metallic Conference. held uuder the
auspices ~ thr B metallic League,
WAS An address by the Rt. Hon Arthur
J. Ball0ur, the Conservative leader in
Commons. The conference was called
to order in the Egyptian Hall OF the
Mansion House, the Lord Mayor, the
RI Hon. George II, Tyler, presiding.
The proceedings opened with an ad.
dress by the Lord Mayor, after which
Prof Nicholson read a paper on "The
fall in the general level OF prices owing
to the appreciation OF gold and the
divergence in the relative value OF
gold aud silver"
The object Of the Bimetalic League
is to urge upon the British govern
mont the necessity OF cooperating
with other leading nations for the
establishment Of the free coinage OF
gold an silver ~ Il fixed rauo.
There we're &bout three hundred
delegtDes present at tho opening ses
= on
Am ng the letters Of regret was one
from Archbishop Walsh, of Dublin.
The archbishop said that he Was es.
pecially glad TO see the conference
dscuss that aspect of the case, in
which Ireland was most deeply con-
cerned, namely, the runous effects Of
the present artidcOly created dearth
of money upon husbandry and its in
terests Concerning the currency
qucstioa generally, the archbishop
wrote 81 can only say that the ex.
perlence since year ago will but
serve to deepen the conviction OF the
irresistible strength OF the case of in.
teulatlonnl bimetallism The practical
failure uf the recent experimental
tam ..cring with The currency Of India
ought surely to be sufficient to finally
check any further development If the
disastrous doctrinaire policy which
has SO long held ground in England" +"
The governor Of the Bank OF France,
Nj. Magnin, also sent letter applaud
ing the aims OF the conference, and
saying; The silver question i'm
presses itself more every day upon
financicrS. The wlO,e wo-ld reqnires
its solution in its general interest. 1t
Is intimately bound up in the CONNER.
cial and industrial prosperity of all
nations. ! am resolute partisan ol
the rehabilitation Of silver"
Prof. Francis Walker wrote, ap.
plauding the gallant gaining fight
for the restoration of silver to its his.
torical place in the currences of the
world, which the Bimetalllc League is
making
President Andrews, OF Brown Uni
versity, Providence, r. J., wrote "Oul
couse is making rapid progress, and
we are certain Of success
During The di cussion which follow
ed the realing Of Prof. Nlchoson's pa
per, Dr. Arendt, a member of the
Pru,sian Diet, declared that the bi
metallism was making progress IL
Germany, an | thought that il au in
tern ttional conference wa4 held nov
it would have very different results
from the Brussels conference.
Next was the speech OF Mr.. Balfour
He said that many who were suspi
+. cious Of the double standard and bi
. metallic system now recognize, in viey
OF great impending dangers, that tn
best safeguard is to rehabilitate silve
as one Of the great instruments Of tn
> monetary transactions of the world
" 1t was absolutely necessary that tn
monetary functions OF silver SHOULD
be restored il business was to be car
ried on upon a solid basis The diff
culties OF an international agreement
. the speaker insisted, were merely as T.
}. the details, aud if any question shoulC
/ be settled by an international agree
ment surely this one should be 50 sci
: tied.
Mr. Baliour claimed that the actiol
of the United States had forced th
: Indi IN md Rritiah nnrnrt, M nnfn inl