Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1894-05-02
IN SILVER'S CAUSE.
An Important Meeting of Financiers
i'm London to Urge Upon Eng
land the Necessity Of
Free Coinage.

London, May 2.-The international bi
metallic conference under the auspices Of
the bimetallc league opened in the Man
sion house to-day with ex-Lord Mayor
Evans presiding. After an address by
the ex-lord mayor, Prof. Shield Nicholson
read paper on, "The fall to a general
level of prices in relation to the appre-
citation of gold and the divergence rela-
tive to an equal value of gold and silver
This Afternoon Hon. A. j. Balfour, Con-
servative leader in the house of commons
will make an address which will be fol-
lowed by paper by Lord Courteaney, M
p, on, "Ths practicability of maintain
ing a ratio between gold and silver, under
an international bimetallic agreement"
This will be followed by discussion. A
banquet will be given this evening to the
English and foreign members of the con-
ference.
PROMINENT GATHERING.
There were about 400 delegates pres
ent at the opening session, among them
being Brooks Adams, of Boston, Mass;
Mr.. Vanderberg, president of the Bank of
Netherlands, Amsterdam; Perry Gerlus-
chi, president of the French bi-metallic
league; David Murray, president of the
South Australian bi-metallic league;
Thos. Salt, Sir Malcolm Frazer, agent
general in London, for western Australia;
w. L. Lidderdale, ex-governor of the
Bank of England, prominent foreign and
British fnanciers and many members Of
parliament.
The object of the league is to urge
upon the British government the neces-
sity of cooperation with other leading
nations for the establishment of the free
coinage of gold and silver at fixed ratio.
STRONG LETTERS.
Among the letters of regret was one
from Archbishop Walsh, of Dublin. The
archbishop said that he was personally
glad to see the conference discuss the
aspect of the case in which Ireland was
most deeply concerned, namely: The
ruinous effects of the present artifcially
created dearth of money among the hus-
bandry and its interests. Concerning
the currency question in general the arch
bishop wrote: II can only say that my
experience since year ago but serves to
deepen my conviction. The irresistible
strength of international bimetallism
was practically illustrated recently by
the experimental tampering with the cur
rency of India. This ought surely to be
sufficient to finally check any further de-
velopment in the disastrous policy which
has SO long held ground in England"
The governor of the Bank of France,
M. Magnin, also sent letter applauding
the aims of the conference and saying:
"The silver question impresses itself more
every day upon the finances of the whole
world, which requires its solution.
Its general interest is intimately bound
up with the commercial and industrial
prosperity of all the nations That res
olute partisan of the rehabilitation of
silver, Professor Francis A. Walker,
wrote applauding the "gallant and gain.
ing fight for the restoration of silver to
it's historical place in the currency of the
world, which the bimetallic league is
making" President Andrews, of Brown
University, at Providence, Rhode Island,
said: "Our cause is making rapid pro-
gress and we are certain to succeed"
During the discussion which followed
the reading of Professor Nicholson's
paper DR.. Arendat, member of the
Prussian diet, declared that bimetallism
was making progress in Germany and
thought that if an international confer
ence was held it would have a different
result than the Brussels conference.