The Yellowstone journal., 1894-05-08
Tuesday, May S. 1894.
A BRIGHT OUTLOOK FOR SILVER.

The silver interest can bide its time,
and it evidently has not very long TO
'.bide" either The International Con.
vention of the Bi-Metallic League. which
begun in London ON the 2nd inst, is full
of promise for the speedy restoration Of
silver as a money metal among the lead
ing nations Of the world. The report Of
the meeting says: There were about
400 delegates present at the opening day.
among whom were Brooks Adams Of
Boston. Mass: Mr.. Hardenburg. presi
dent of the Bank of the Netherlands of
Amsterdam: Henry Cernuschi. Of Paris,
president of the French Bimetallic
league; David Murray, president of the
South Australian Bimetallic league;
Thomas Salt. late president Of the Bank
er's institute; Sir Malcolm Frazer. agent
general in Londo for West Australia;
the Rt Hon. W. }. Lidderdal, eX-gover-
nor of the Bank # England, and mum
ber Of promint 1t foreign and British
financiers. as " II as many members Of
parliament. T e object Of the Bimetal-
lie league is (, urge upon the British
government re necessity Of co-operat.
ing with 9th leading nations for the
ESTABLISHING Of the feee coinage Of
gold and sill ,r at a fixed ratio"
Among Il significant utterances made
by men whose fame as tinanciers and
Legislators Is world wide. Is the follow
ing extract from speech made by Rt
Hon \. J. BalfOur. the Conservative
leader of the house Of commons. who is
quoted as follows
Many who we're suspicious Of the
double standard and bimetalllc system.
now recognize. ID view OF the great Im-
perding dangers. that the best safeguard
is TO rehablitate silver as one of the
great instruments of the monetary
transac ions of the world. 1t was abso-
lutely necessary that the monetary func-
tions of silver should be restored. If bus
i-ess was to be carried on upon solid
basis. The difficulties OF an lnterna-
tional agreement were merely as 10 de
tails. and if any question should be set
tied by an international agreement surely
this one should be so settled.
When the international conference
projected by President Harrison ad-
journed without accomplishing any def
mite results. our democratic friends were
loud In their ieers and ridicule. and IN
the campaign Of 1892 characterized the
effort. throughout the silver states, as
merely blind 10 deceive the voters IN
r-gard to the attitude Of the republican
marty on the silver question. On the
other hand. the republicans claimed
that though without present results. the
conference was step in the right dlrec
ton. and further that the only hope for
silver lay in in the efforts of an interna-
tional conference. The justification of
these claims has come sooner than ex-
pected. and il requires no spirit OF
prophecy to assert that under existing
foreign conditions the rehabilitation Of
silver as money metal and the estab-
lishment Of international bimetallism Is
assured and near at hand. Two years
age this country was carrying the. e.bur-
den Of the worlds silver; now II has
shifted to other shoulders, and the strain
is becoming too great for the others To
bear. The future is bright for the silver
states. and relief is so near at hand that
it can be awaited without impatience.