The sun., 1894-05-03
BIMETALLIC CONFERENCE.
TEE MEETING IN LoNDoN ATTENDED
BT MANY FAMOUS MEN.

Ne. Bsirsu- ser. E.snss,.r Are As.s-
deriue Th~ir HostiIity 80 Bi.etsiiisua-
Lettsrs sua Dispatches E.dor-t-e ths
MevsHeuts frou Fro-insut Americans.
LONDON. May 2.-Ths ernstionsl BIZ
metallic Conference was formally opened in
the Mansion House to-day. The conference
was presided over By Lord Mayor Tyler The
opening address was delivered By ex-Lord
Mayor Sir David Evans. A large number Of
delegates were present, including some Of the
best-known Of British and foreign lnan clera
Among them were Sir William Houldsworth.
N. T. the Right Hon. w. Lidderdale. ex-Gov-
ernor Of the Bank OF England; Sir David Bar
bour. ex-Sscretary to the India Council; the
Right Hon. Henry Chaplin. NJ. p Mr.. Samuel
MontaRu. NJ. T.; Mr.. Brooks Adams Of Boston.
Mass. NJ. Van den Berg. President Of the Bank
Of the Netherlands. Amsterdam NJ. @. NJ. Bols-
sevain OF Amsterdam; NJ. Alphonse Allsrd Of
Brussels; NJ George de Laveleye OF Brussels:
M. Henri Cernuschi OF Paris. President OF the
French Bimetallic League; Mr.. David Murray.
President OF the Chamber OF Commerce OF
Adelaide. South Australia. and President OF
the South Australian Blmetallic League: Mr..
Hugh NJ. Mstheson. Mr.. Alderman and Sheriff
Dimsdale, q London banker; Mr.. Thomas Salt.
late President OF the Bankers Institute; Sir
Malcolm Fraser. Agent eneral In London for
Western Australia, and Mr.. A. J. Balfour. ex-
Chief Secretary for Ireland.
Letters were read from Archbishop Walsh OF
Dublin and the President OF the Bank OF
France. reRrettipg their inability TO be present
paper was read by Prot Shield Nicholson
on The Fall in the General Level OF Prices In
Relation to the Appreciation Of Gold and the
Divergence in the Relative Values Of Gold and
silyer and general discussion OF the sub
Mr.. Baliour. in the course Of the discussion.
lation of coinage II it were done in tho direc-
tion OF making 1t more stable and fairer
TSey were e now. he said. standing lace o'f to face
Sverted by the rs6s6iiltstlon Of silver 70 It's
proper com m ercinl function. In order to do
this. International action was absolutely neces-
M. Balfour added that there were three
questions with which bimetallism had to cope.
They were these; Was a double standard pos
Scientific i men a and eco econ omists answer these
questions with an oyerwhelminE ies He
would not say whether the closing OF the In.
doubt that 1t was tho most striking attempt
that civilized RoYe5nment hat ever made to
due to metailism.
Mr.. BaIfour furthermore said he saw signs
ing commsrciai S al men had sBandon ed their for
mer hostility to bin metallsm and had come to
silver
place as circulating medium.
piade.SS 81 d ssto
between Gold and Silver under an 1nterna-
tional BIN metallic Agreement" and discussion
OF the paper followed.
Letters In support Of bimetalliam were re-
ceiyed from Cen. Francis. A., Walker. Arch
Brown University. A letter was read from Mr.
II. ". Cannon. President OF the Chase National
that the solution OF the problem OF bin etaliism
rests with Great Britain. DR.. Arendt. the emil
nent German fnancisr, oppressed views SIM
Cablegrams were read from United States
Senators sherman. Voorhees,. Aldrich. Murphy.
Brice, Piatt, Davis. Carey. and Cullom wishin G
success to the conference In the cause Of BIZ
metallism In England.