The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-05-03
Conferences in London 10 Discuss
the Subject OF Interna-
tional Agreement
Importance OF Such Action Being
Recognizsd in That Flnan-
oial Center.
BAifour aud Others Think Another Con.
ferencs Would Have Important
Results.

LoNDoS. May The international BIZ
metallic conference under the auspices OF
the Bimetallio league. was called to order
~ the Mansion house to-day, Ex-Lord
Mayor Evans TTssiding. Professor shield
Nicholson read paper on the fall in the
general level of prices Ia relation TO the
appreciation OF gold ani the divergence in
ths relative value of gold and silver.
This afternoon A. J. Bslfou.. conserve
tive leader OF the house OF common. IN ade
an address. Baltour said many who had
been suspicious OF a double standard and
bimetailo system now recognize, in view
Of the impending dangers. that il would be
the best safeguard 10 Tehabilitats
silver as one Of the great instruments OF
monstarY transactions of the world. II
was absolutely necessary that the monetary
functions OF silver be restored IL business IL
10 be carried on on a solid basis. The
difficulties OF an International agreement,
he insisted, were merely as to details. and
II any question should be settled by inter
national agreement, surely this one should
be.
Balfour's address was followed by paper
by Leonard Courtney, NJ. r., on the practi-
cAbility OF maintaining tho ratio between
gold and silver under international HI
metallic agreement. This was followed by
discussion.
There we're about 400 delegates present al
the opening session to-day. among thsm
b ooks Adams, OF Boston. Aasl; Mr.. Van
derberR, president OF the Bank of the
Netherlands, Amsterdam; Henry Gsrlus-
Chi. president of the French BimetRllic
league; David Murray, p esident of ths
South Australian BimetaliIc league; Thomas
NJ
iuts; Sir Malcolm Frazer. agent general in
London for western Australia; Right. Hon
w. Lidds. dale. ex-governor OF the Bank Of
England, and prominent foreign and Brit
ish tnancisrA as we'll as many membs . OF
parliament.
The objsot Of the Bimstallis league Is TO
urge upon the British government the nee
essity OF corporation with other leading
nations for the establishment OF the free
ceinsge OF gold and silver A. a fixed ratio
Archbishop Walsh wrote that be was glad
10 sec the conference discuss the aspect OF
the cass in which Ireland was most deeply
conosrRed, namsly. the Tuinous effects oi
the resent artificial dearth OF money
upon husbandry and its interests. 81
can only say the experience since a year age
will but serve 10 deepen the conviction ol
the irresistible strength Of ths Gauss of in
ternatlonAl bimetailiam. The practical
feature OF the recent experimental tamper-
ing with the currency OF lndin ought surely
to be sufficient to finally chsck the further
dsVelopmsnt of the disastrous doctrinairs
rolicy which has so long held ground IN
England"
The governor Of the Bank OF France, IA .
Aagnin, " ots; "lhs silver question i'm
presses itaalf more every day upon hnan-
ciers. The whole world requires its so. q.
zion in it's general interest. IL is intI-
mated that IL 80 fonnded upon the CONNER
cial ana industrial prospe itJ of all ma
tions. am a resoluie partisan for the re-
habiltRtion of silvef."
Francis A. Walker wrote applaudine
'ths gallant. gaining fight for the restofA-
tion OF silve 80 las hiItorioal place in the
currenoiss OF the world which the Bimetal
iio league is making" Presidsnt Andrews
OF Brown univsrsity. said: Our cause II
making iapid progress and We are certain
to succeed" d. Arendat a member ol
the Prussian diet, decided bimetsilist
thought that another International confer
encs would have very different result
from the Brussels conference.