The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1894-05-05
A MoHEsroUs GATHERING.

London, May 2.-The International
Bimelallic Conference, under the
auspices of the Bimelallic League, was
called to order In the Egyptian Hall
of the Mansion House today.
The proceedings opened with an
address by ex-Lord Mayor Evans,
Lord Mayor Tyler being unable 10
be present. AFTER which Prof Shield
Nicholson read paper on The Fall
In the General Level of Prices In Rels-
ton to the Appreciation of Gold and
the Divergence In the Relative Value
of Gold and Silver
During the afternoon the Rt. Hon
A. j. Balfour, the Conservative leader
In the House of Commons, will make
an address, which will be followed by
a paper by Leonard Courtney, NJ. p.
on "The Practicabiiity Of Maintaining I
a Ratio Between Gold and Silver I'm
der International Bimetsllic Agree
ments.n This will be followed by .
discussion.
A banquet will be given this even
lug to the English and foreign mem
bers OF the Conference.
There were about 400 delegates
present at the opening session today
among them a number OF prominen
foreign aud British financiers, ss vel
as many members Of Parliament.
The object of.the Bimetallic League
Ia TO urge upon the British gov
ernment the necessity Of cooperating
with other leading nations for th,
esI establishment Of The free coinage o
gold and silver at a fixed ratio.
Among the letters Of reere, wa
one from Archbishop Walsh, o
Dublin. The archbishop said that b
was specially glad to see the conferenc
discuss that aspect OF the case 4
which Ireland was most deeply cou
cerued, nomcly, the ruinous effects
the present ariificially created deart
of money upon husbandry and its In
teresis. CONCERNING the currenc
question generally, the srchbisho
wrote:
Il can only say that the experlenc
siucc q year ago will but serve to de-
pen the conviction Of tho irresisilbl
strength of the care of internations
bimetallism. The practical failure
the recent experimental tamperin
with the currency of India ougf
surely TO be sufficient to finally chez
any further development Of the disa
trous doclrinaire policy which has {
long held ground In England
The governor Of the Bank Of Franc
NJ. Maghin, also sent 4 letter applau'
ing the aims of the conference al
saying:
aThe silver question imposes itse
more every day upon fnanciers. III
whole world requires lie solution
Its generul Interest. II IL intimate
bound up In the commercial aud ]
dus,rlal prosperity of all nations.
, am resolute partisan ofthe rehabit
ton Of silver
. Prot. Fraucis A. Walker wrote .
. plaudidg the 'gallant, gaining fg
!. for the restoration Of silver to its hl
torical place In the currencies Of u
world which the Bimetallic League
making"
President Andrews, OF Brow
|, University, Providence, r. l., wro
"Our cause is making rapid progre
and we are certain to succeed"
Dnring the discussion which folio
cd the reading Of Prof Nicholson
paper DIR. Arendt, member OF I
: Prussian Diet, declared that bimeta
It ism wat making progress In German
a and though that II an Information
Il conference was held now, II wou
r haue very different results from t
q Brussels conference.
[. The feature of the conference "
d the speech of Mr.. Balfour. He %
9 that mauy who were suspicious OF
n double standard and bimetalllc syst
Is now recognized, In view Of great J
% pending dangers, that the best 50
o guard is to rehabllitate silver as Q
% of the great Instruments Of mon
Ie transactions of the world.
.s It was absolutely necessary that |
70 monetary functions Of silver sho,
n be restored II business was to be Q
i ried on upon a solid basis. The di
|. cultief of an international sgreeme
,r the sperker insisted, were merely
Y. to the snttled by an information
al agreement, surely this one should
80 settled.
Mr.. Balfour claimed that the sctl
"a of the Uulted States had fcrcod
~ Indian and British government II
!. the system now prevailing, adding:
# ave ought to enter into nm ayr
h. ment with the countries Of the wo
"a for bimetalhc joint STANDARD. !
IL IL solution of The problem 10 easier II
"A than Il will be five years her
.. o. Great is the responsibility OF th
who keep England in stupid, sell
isolation In this great question"