The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-03-04
ENGLAND ASSENTS.
DELEGATES TO BE SENT TO THE PRO-
POSED CONFERENCE.
Victory Predicted for Silver Rim etaIIists
Garry Their Motion in tho House of Com
moDs-Harcourt Speaks ON the Motion.

| member for Woodbridge division of Suf-
folk. introduced the following motion:
THAT the house regards with increasing
apprehension the constant fuctuation and
growing divergence of values of gold and
silver and heartily concurs in the recent
expressions of opinion of the governments
OF France and Germany in regard to the
serious evils arising therefrom."
Speaking to notion Mr.. Everett appealed
To Sir William Harcourt 10 give heed to
the real position of the question, put aside
theoriZing and open his eyes to the enor-
nous revolution of values which has not
been brought about by national causes,
but by legislation. He expressed the hope
that the government would cooperate with
other powers in the effort to bring back the
happier state of things which existed when
the two metals stood upon common ratio.
John Morley made his appearance in
the house today. having fully recovered.
England Mr.. Everett said, was rich. but
that was no reason why she should unjustly
increase the burden of other states. Surely,
he said, she not interested in the
bankruptcy of other nations which were
owing her money; but that was exactly
she was doing. and what would continue
unless something were done to check II.
why Silver Fluctuatcs.
Right Hon. Henry Chaplin, conservative,
In secOnding the motion. said that the
government had aimed a blow at silver;
had closed the minis of India, depriVng
silver of it's last great market, and after
wards had imposed a duty upon the silver
imports Of India. The constant fluctuations
of the metal, he declared, were directly
traceable to the monetary laws 4 Eng
land lie charged Sir William Harcourt
with having misjudged the views Of France
and Germany on the question, and pre-
dicted that although the opposition to BIZ
metallism was now bitter, that system
would at no distant date be victorious, be-
cause ii had upon its side experience, Jusllce
and scientific truth.
Sir William Harcourt said he had never
denied the existence of evils in consequence
of the growing divergence of the values or
gold and silver. When other countries had
desired Il monetary conference, the govern
ment had not refused to join. The last
conference at Brussels had shown that a
majority of the European countries de-
clared in favor OF a monometallic currency.
He did not think that Germany had
changed her opinion. When proposal
from Germany or any other country reach
ed the government, it would be time enough
10 consider the question of Englands JOIN
ing I'm another conference. a misconcep-
ton, he said. existed in regard to the cause
of the failure of the Brussels conference.
| The government of the United States in
proposing that international conference eX-
| pressed a wish that it be held with view
to establish the ratio of values OF golu ana
/ silver by the leading nations, by means OF
/ the free coinage of silver In their respec-
tive minis England, he said, could not ac-
/ cept an invitation couched in such terms,
and could not enter into matter which
impcached the first principles of England's
currency. Qfear! Heard
YIarcourt on the Last Conference.
The United States government thereupon
proposed that the conference consider what
measure if any, could be taken to increase
the use of silver in the currency system OF
the nations When the conference met.
representative of the United States pro-
posed a gneral resolution that I'm the opin-
ion of the conference, il was desirable that
a method should be found which would
increase the use of silver. This resolution
was supported by the British delegates II
had been alleged that the failure OF tn"
conference was due to premature declara-
| ton on the part of Sir Charles Rivers Viii
son, a British delegate, against bmetailism.
This statement was absolutely ulfounded.
1t was German delegate who made the
! first declaration of the kind, saying that
| Germany was satisfied with her present
monetary system, and did not intend to
alter ii. 0Iear! Hcar) lie also said that
Germany recognized the fact that the con-
tinued oscillations OF silver values were
regrettable from an economical point of
view and it was. therefore, desirable that
the question should be considered. The
representatives, Of France and the other
powers were not so directly opposed TO
silver, but were rather disposed to criti-
than to cooperate and the United States
delegates resolution had to be abandoned.
! After this, Mr.. Alfred Rothschild, a Brit
ish delegate, had made a practical propo-
sition for the enlargement OF the use OF
silver and this was defeated by the action
OF Russia and the Latin union. 1t was
/ objects of the United States We're cOnvern-
ed that no blame be attached TO the
British delegates for the negative results
reached.
Give the Delegates Powers.
| Recurring to the possible action OF Ger
/ many in promoting another conference, Mr..
/ Harcourt said the government had received
/ no official communication on the subject
but he had no hesitation In saying that,
as far as he himself was responsible, such
! communication would be met in the same
| manner the proposal of the United
| States was received. C'Hear HearvD To
| concur in the proposals, to confer upon sub
iects OF common interests, was what be-
| longed to international courtesy. lie would
| suggest that. if another conference were
| held, il should be understood that it was
! not for mere academic discussion, but that
| the delegates ought to be empowered to
/ make definite proposals embodying their
| views. The respective ministers fully rec
/ ogniZed the magnitude of the currency
/ problems. The interests of the country as
the greatest trading and monetary center
of the world, were bound up in the sound
ness of her currency, and it ought to be
borne in mind that England conducted her
trade upon relatively the smallest basis
of any country She did 80 because she
| had the largest credit Uiear! HearD
The debate on Mr.. Everett's motion con-
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