The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1894-05-10

FREE SILVER Is COMING.

''I-'- Oily Ch 10 SONllN1'
international Action Necessary tor R>ha
blttstlon Of tho White Met,l.
LONDON, May 2-Thc international
bimetallist conference was formally
opened IN the Mansion House today
The opening address was delivered by
exLOrd Mayor Sir David Evans. A
large number Of delegates were pres
ent, including some Of the best known
of the British and foreign hnanciers.
Among them were Sir William Houlds-
worth, M. T.; w. T. I.itterdale, ex.gov.
ernor of the Bank Of Ingl aud; Sir Da-
Vid Barbour, eXsecretary to the India
council; Henry Chaplin, M. T.; Samuel
Montague, M. L.; Brooks Adams of
Boston, Mass NJ. Nanderberg, presi.
dent OF the Ban! OF the Netherlands,
Amsterdam; &. NJ. BoiSsevain Of Am
sterdam,; Alphonse Allard of Brussels;
George De Layelleye Of Brussels; II on
ri Cernushi of Paris, president of the
French Bimetallic League; David Muir
ray, president of tho chamber Of COM
merce Of Adelaide, South Australia,
and president Of the South Australian
Bimetallic League; Hugh Nj. Matheson
Alderman and Sheriff Dlmsdale, q Lon.
don banker, Thomas Salt. late presl-
dent Of the Bankers Institute Sir
Hi"oohAo 4 hacl, aEcut Bcllolal III Lon.
don Tor western Australia, and a. j.
Balfonr, eXChlef Secretary for Ireland.
Letters were read from Archbishop
walsh OF Dublin, the president OF the
| Bank Of France and others, regretttEg
their inabilisy to be present.
a paper was read by Prof. Shield
Nicholson, on the fall In the general
level prices In relation to the apprecia.
tion of gold and the divergeuce in the
relative value Of gold and silver, and q
general discussion Of the subject fol.
lowed. The conference was presided
over by Lord Mayor Tyler.
; Cablegrams were read from Senators
i Sherman, Voorhees,, Aldrich, Murphy
Brlct, Plat, Davis, Carey aud Cullom
= wishing success to the conference and
> to the Cause of bimetallism in England
a. j. BhlfOur, in course OF the dis.
) cussion, SAID he did not believe that
% government regulation of coinage, ii
IT were done in the direction of making
y IL more stable and a fairer measure OF
T. value, could be jus,itjably opposed
The natlo's Of the world were now, ht
J. said, standing face to face with grea
danger, which could only be averte,
by the rehabilitation Of silver to it pro
> per cOmmtrcIal function. In order tt
l. 90 this international action was abso
ely necessary.
; BhlfOur said there were three Gues
= tlonS with which btmetallists had tC
cope. They were hcse: Was double
STANDARD possible? Was it last? Was
1t expedieut? Scientists and econo
mlStS ansWer these questions with an
; overwhelming yes" lie would not
say whether the closing Of the Indian
m1nts was wise step, but he did not
doubt that 1t was the most striking at.
tempt that civilized government bad
ever made to solve a monetary diilicul-
ty that was directly due to monomet-
allism.
Baltour said he saw signs Of change
IN English opinion. The leading COM
mercIal men had abandoned their form
er hostility to bimetAllism and come to
the conclusion that the only way to
meet the grave danger was to restore
silver TO its former place as Il circulat-
Ing medium.
MI. Baltour also said 1t was mere
J. dream to suppose that each State was
able TO regulate 1t own currency indie
J.; prndently. 1t was absurd to talk of
:. taking an Isolated view Of the British
currency when the action of the United
= States, which had not been taken in
conC1I with or from any friendly feel
ing towards Great Britain, had forced
. upon lIdia and England tho adoption
I. VI Iiic d3IOuHu'uB system WIllCn now
prevailed in India. England's present
; isolation WAS selfish and stupid. He
. spoke personally and for no party, he
said Leonard Ii. Courtney, Nj. p read q
:, paper on "rhe practicability Of main
:. taining a ratio between gold and silver
under an international bimetallic agree
ment," and discussion Of the paper
followed. Letters in support of bimet--
allism were received from Gen. Francis
a. Walker, Archbishop Walsh and Prof
. f.. b. Andrews Of Brown University
A letter was road from Mr. III. w. Can
o. non, president Of the Chase National
il Bank Of New York, In which the writ.
er said that the solution Of the problem
= OF Dimetal!ism rests with Great Britain
|. DIR. Arendt, the eminent German lnan-
J. cier, expressed views similar to those
; contained in Cannon's letter.