Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-05-03
FREE COINAGE ADVOCATED.
An Agreement Between the
Nations Strongly Urged.
ny Arsoolated rress.

ny Associated Press,
London, May e,--The international
bi-metaliic conference. under the au-
pieces Of the Bi.metallle league, was
called TO order in the Egyptian hall
OF the Mansion house today Lord
Evans presiding. The procecdings
opened with an address by Lord Evans
after which Prof. Shield Nicholson read
n paper on s'Thc fall In the general
level OF prices In relation to the ap
probation OF gold and the divergence II
the relative value OF gold and silver
There were about 400 delegates pre-
sent at thc opening session today among
thom being Brooks Adams OF Bos
ton, Mass. Mr.. Wandering. preuident Of
tho Bank OF the Netherlands. OF Am,
sterdam; Henry Cerenuschi OF raria
president Of the French Bi-Metailis
lengue; David Murray president OF u.
South Australian Dl-Metalllc leaguel
Thomns salt. late president of ths
Bankers institutoi Sir Malcolm F'razon
agcnt.generui in London FOR Western
Australia; the Rt. Hon. w. Iiddcrdolc.
ex-governor OF tho Bnnk OF England
and number OF prominent foreign
and British fnnnclera as well ns many
members OF parliament
Free Coinage or Goid ana SILVER.
Among the letters 90 regret was ona
from Archbishop walsh OF Dublin
Tho arch-biahop snid that he was cspec.
iaily glad TO see the conference discuss
that aspect OF the case IN which Ire.
land was most deeply concerned, namn-
~. the rrinous effects Of the present
artlhcially crented denrth OF money
upon husbondry and l,s interests, Con.
corning the currency question gener-
nily, the archbishop wrote;
II can only say that the experience
since a year ago win but serve to deep,
en- the conviction OF the irresistible
strength of the cnAe Of International
blmetalliam, The practical failure OF
the recent experimental tampering with
the currency OF India ought surely to
be sufficient TO finally check any further
development of the disastrous dootrin-
Rrie policy which has 30 long held
ground in England
~. Marin FnvorS silver.
The governor OF the Bank of France
NJ MaBln. also sent letter applaud.
Ing the aims Of the conference, saying:
"Thc silver question imposes itself mora
every day upon financiers. The whole
world requires its solution IN its gen.
erll interest. IL Is intimately boune
up IN the commercial and lndustria.
prosperity OF all nations, l am a reBo,
Lutte partlaan OF the rehabilitation OF
silver
Prof Francis A. Walker wrote mp
piauding the gallant gaining fight foi
the restoration OF silver TO ita hlstor,
Teal place IN the currencles Of the world
which the blmetallic league II max
ing"
President Andrews OF Brown unlver.
Bity. Providence. r., J.. wrote: "Oui
cause ~ making progress and we Rra
certain to succeed"
During the discussion which follow.
cd the raading Of Prof. Nicholson'H M.
per, Or. Anrendt n member OF the
prussnn diet. declared that bimctallisn
was making progress In Germany. The
feature Of the conference was the
speech OF Mr.. i3alfour
The International Agreement.
IIo said that many who werc aus-
picious OF the double standard and BIZ
metallic system now recognized. In
view Of great impending dangers, that
tho best HafeRunrd II 70 rehablitate
silver as one Of tho great Instruments
OF The monetary transactions Of the
world. 1t was absolutely necessary
should he restored II business was 70
be carried upon n solid basis. Tho
difficulties of AN international agree
rnent. the speaker insisted. were mere
iy ais 20 details, and II any question
should be settled by an International
agreement surely thin one should be
settled. Mr.. Bnlfour claimed that the
action OF Gle United States had forced
the Indian nnd Britiah governments
into the system now prevailing. add
ing: 'yva ought to enter into an agree
fnent with the countries OF the world
for bi-metalljc Joint standard, The
solution OF the problem II enaier now
than II will be FIVE years hence. Great
responsibility reats upon those who
kcep England In stupid. selfnh iHola-
tion on this great question"
Mir, Leonard Courtney NJ. P., fol-
lowed. oontending that an international
fixed ratio was practicable II based
upon the normal production OF gold
and silver.
The Question WIN he solved.
The banquet for the foreign dele
gates this evening was held at the
Albion hotel Ex-Lord Mayor Evans
presided. Rt Hon. Henry Chaplain
formerly president or NE board q
Tnccese Of the conference and ad-
dressed few remnri,= Of Tc.cai''c %
the daesa.eH Henry Cornesehie,
pres u the French Bi-mntaii1
ieag... -sponded 20 AFR. chapiain'r
reinarks Sir william Houldaworth.
who was ,he delegate or Great Britain
at the monetary conference ~ Brus-
sells. offered q tonst 70 the e,ueats, and
ia The courae OF hts REMARKS expressed
| regrets nj the absence OK Represcnta-
| tives NJ George De f.aveieye o. Bruii1
| nelis, and Or Arendt % Germany rer
| sponded. Or. Arendt said the pro-
| coed.nes Of the conference pointed TO
| the fact that another banquet would
soon be held 70 celebrate the solution