New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-28

NICE he has not opposed II. In a speech this
week he replied to one of Sir William Harcourts
arguments directed against b:metallists. and
ienied that low prices were an unmixed benefit
% England. While he did not refer specifically
% the currency question. he supported one OF
The main contentious Of the Bimetallic League
respecting prices. Other members of the Govern
ment. like Mr. Chaplin and Sir Henry James, are
strong bimctalsts.
The Government will be quick TO follow the
new Parliament If not TO lead 1t. in change OF
policy respecting an international conference on
the silver question. The Bmetallic League mas
not vet completed the list Of members known 10
favor its cause but IT has scored an important
accession of strength in the Commons In the
textile manufacturing districts and the agricui'-
ural sections many candidates were eiec'ed on
this question alone. Mr. shaw-Lefevre. for ex-
ample. was defeated By narrow majority anu
the Liberal leaders managing his canvass admit
that the result was produced by assertions from
the party caused by his hostility 10 piihe'ais'i'
and his opponents advocacy Of H.
In MANY close districts the currency vote was
undorbtedly strong enough 10 decide the election
The Leagues influence was brought 70 pear
directly or indirectly upon $50 boroughs and dis
+ricts Candidates were questioned on this SUD-
tect. and their answers were published. Inc
bnetallists do not attempt TO forecast their
future operations but they confident that
the new Parliament and the Unionist Govern
ment are more friendly to reopening the silver
question in an international conference than 'he
recent Parliament and Government were. Inc!
disclaim emphatically all sympathy Win 'ne
silver monometallists of Coins Flnahciai
School" whose vagaries and illogical arguments
only lend to discredit the bimetallist cause
F,nanciers in Lombard Street speak hopefully OF
the mproved condition Of the Treasury at Wash
inCton While they consider that the American
Government Yves delivered by the operations or
the bond syndicate from extreme danger OF sus-
pension or specie payments and ruinous financial
disorder. they do not lock for recurrence OF the
crisis They assert that there is nothing to pre-
vent Wall street spectators from exporting gold
for the sake OF influencing the market. but deny
that operations Of this kind can be directly
profitable under existing conditions OF exchangc'
but only indirectly. by affecting the values OF
stocks in the general list. The season mas
reached the stage where exchange is running
AGAINST England and gold will naturally remain
in New-York now.
II is understood among London fnanciers that
the syndicates obligations to protect the treas
ury by regulating the exchange were not hhn'eo
10 any specific period. The bankers nego'la'ihs
the loan offered TO do what they could 10 Keep
the gold in the Treasury and to restrict the soiu
exports and have been true to their "ord'
Their obligation has lapsed with the transfer
and payment Of the bonds, but still continues.
although the contract has been closed and
settled; but it is not legal obligation, to wncn
they could be held rigidly by the Treasury; II Is
rather a benevolent attitude Of good Will on the
mart of the fnanciers who have saved the credit
of the Government and made good thing out
of it themselves
No additional issue Of United States bonds Is
looked for by well-informed London hnancers
familiar with the American market II one were
to be required through the renewal OF goid ex-
norts on a large scale or through an unforeseen
change in 'he conditions of exchange II wouid oe
negotiated on more favorable terms to the Gov
eminent than the last one, which was under-
taken when the Treasury was in desperate
straits.
The sessions Of the Geographical Society were
opened last night with addresses OF welcome by
the Duke of York and Mr. Clements Markham
and a response by ex-Chief Judge DAILY, who'
unfortunately had to talk against the Strauss
Band The American Geographical Society was
well represented az the reception at the lmperia'
Institute lut the exhibit Of the United states
among the collections Of objects OF interest ming
a dozen rooms not creditable; consisting as
4, did. mainly OF publications OF the Geological
Survey Mr.. Clements Markham's inaugural ad-
dress. delivered to-day. will open the way Tor
the discussions by the various sections OF essays
on South Polar exploration. balloon voyages 10
the North Pole. French glaciers, Mid-Africa ana
New-Guinea. The programme will be varied by
~
sions Mrs. George ~ Curzon VIII be the
hostess at one Of these receptions.
The society has taken an important step In
commissioning Mr. Hall Game while in America
70 90 to Ottawa and negotiate the settlement OF
the copyright controversy which has arisen with
Canada Mr. Game is now comforting with Mr..
chamberlain TO as, ertain whether he can have the
support OF the Colonial Office In presenting the
case Of the British authors. and II he secures OIL
cial cooperation he will accept the commission
The question In its present form really lhVo"es
the whole principle Of the authors ownership IN
their literary property. The Canadian Pariia-
ment, In the interest Of the printers. has passed
an act compelling authors to apply Tor copyright
at Ottawa on the same conditions as In the Unit
ed States with the single exception that stimuli
taneous publication is not required, but margin
of thirty days is allowed. II the copyright is not
applied for Canadian printers may De licensed
BY Parliament to print the work with the under-
standing that 10 per cent royalty shall be PAID 10
the author. The practical result would be that
the rights purchased by American puohshers
would cease to have any value. since cheap edi-
ton could be printed in Canada and sent over the
border. The Canadian Act has not been sane
toned by the British Government.
Unless some compromise be arranged. 1t Will
endanger the copyright agreement between Eng
land and America, reached after protracted
struggle 10 secure the authors rights BRUSH
authors generally understand the real significance
Of Canada's effor, to obtain an equality with the
United States respecting the manufacturing
clause; but some OF them do not know that there