The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-05-03
FRIENDS OFSILVER
English Sentiment Has
Changed.
MR.. BALFOUR IN THE LEAD.
Followed by the Worlds Great
FinancierS.
RESTORE THE WHITE METAL.
Even Those Who Have Been Sus-
picious of 1t Now Recognize
Its Great Desirability.
R. BALFOUR IN THE LEAD.
.EsToRE THE WHITE METAL.

LONDON, May 2-The international bl-
metallic conference under the auspices OF
the Bimetallic League was called to order
in the Mansion House to-day. ex-Lord
Mayor Evans presiding. The proceedings
were opened with an address written by
the Lord Mavor, who was unable to al
tend. Professor Shield Nicholson read
paper on the fall in the general level OF
prices in relation to the appreciation OF
cold and the divergence in the value OF
gold and silver.
There were about 400 delegates present
at the opening of the session. Among
them were: Brooks Adams of Boston.
Mass; Mr.. Vanderberg, president of the
Bank of Netherlands, Amsterdam; Henry.
Gerluseh, president of the French Bimetal-
lie League; David Murphy, president Of
the South Australian Bimetallic League;
Thomas Salt, late president of the Bank
ers' Institute; Sir Mslcomb Frazer. agent
general in London for Western Australia !;
Right Hon. w. Lidderdale, ex-governor OF
the Bank of England, and prominent for
eign and British fnaaciers. as well as
many members OF Parliament.
The object of the BimetaIlic League is
to urge upon the British Government the
necessity of cooperation with other lead
ing nations for the establishment of the
coinage of gold and silver at fixed ratio
Arch bishop Walsh wrote that he was glad
TO see the conference discuss the aspect of
q case In which Ireland was most deeply
concerned, namely, the ruinous effects OF
the present artificialIy created dearth of
money upon husbandry and its interests.
81 can only say" he concluded, "that the
experience since one year ago will but
serve to deepen the conviction Of the ire
sistible strength of the cause of interna-
tional bimetallism. The practical feature
of the recent experimental tamperng with
currency in India ought surely to be sufi-
cient finally to check the further develop
ment of the disastrous doctrine of policy
which has so long held its ground in Eng
land"
The governor of the Bank of France. M.
N. Magnin, wrote: 1.-THE silver question
impresses itself more every day upon fnan-
ciers. The whole world requiresits solu-
tion in its general interest. 1t is init
mately bound up in the commercial and
industrial prosperity Of all the nations.
am a reSoute partisan Of the rehabilita-
ton of silver"
Francis A. Walker wrote applauding
"the gallant. gaining fight for the restora-
tlon of silver to its historical place in the
currencies of the world which the Bimetal-
lie League is making"
President Andrews of Brown University
"0ur cause is making rapid progress and
we are certain to succeed"
DR.. Arendt, member of the Prussian
Diet, declared that bimetallism, through
another international conference, would
have very different results from the Brus-
sells conference.
At the afternoon session Mr.. A. B. Bal
four, Conservative leader in the House of
Commons, made an address. Balfour said
many who were suspicious of the double
standard and bimetallic system now
recognize, in view of the impending dan
gers, til at the best safeguard is to rehabili-
tate silver as one of the great instruments
of the monetary transactions of the world.
It was absolutely necessary that the none
tary functions of silver be restored. If
business was to be carried on on solid
basis. The difficulties of an International
agreement, he insisted, were merely as to
the details, and if any question should be
settled BY international agreement, surely
this one should be.
Mr.. Balfour claimed that the action Of
the United States had forced the Indian
and British governments into the system
now prevailing. adding: "We ought to
enter into an agreement with the coun tries
of the world for a bimetallic joint stand
ard. The solution of the problem is easier
than it will be five years hence. Great Is
the responsibility of those who keep Eng
land In stupid. selfish Isolation in this
great question"
NJ. Leon CourtenaY followed. contending
that any international fixed ratio was
practicable II based upon the normal pro-
duction of gold and silver.
The banquet to the foreign delegates this
evening was held at the Albion Hotel.
Ex-Lord Mayor Evans presided. Right
Hon. Henry Chaplin, formerly president
of the Board of Agriculture, proposed
toast to the success of the conference and
addressed few remarks of welcome 10
the delegates. NJ. Henri Cornuschi. pres
ident of the French Bimetallc League,
responded to Mr.. Chaplin's remarks.
Sir William Ii. Houldes worth, who was
the delegate of Great Britain at the none
tary conference at Brussels, offered
toast 20 the guests. and Ia the course o
MS remarks expressed regret at the alb
sence Oh the American representative.
NJ. George Levellie of Brussels and DR..
Arendt OF Germany responded to toasts.
Dr. Arendt said the proceedings of the
conference pointed to the fact that an
other banquet would soon be held to Gale
brate the solution of this great question.