St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-27
ENGLAND JOINS in.
Decides to Take Part in the
Conference Called by
Germany
TO CONSIDER BIMETALLlSM
In So Far as 1t Is Necessary to
Alleviate the Financial
Distress.
TO CONSIDER BIMETALLISM
ACTION is N0N-cOMMITTAL
The Government Declining to
Bind Itself to Any But a
Gold Standard.

LONDON, FEB. Z6.-HODert Il. EV-
erett, Liberal, moved in the house Of
commons today the bimetallic reso-
luton which was approved on Fri
day last by the parliamentary COM
mittee of the Bimetallic league. The
resolution in substance was that:
''This house regards with in creas-
ing apprehension the constant f1uctu-
ations and divergence in the rela-
tive value of gold and silver, and
heartily concurs in theS recent eX-
the government of France and the
government and parliament of Ger
many in regard to the serious evils
resulting ,therefrom. 1t therefore
urges upon the government the de-
STABILITY of cooperating with other
nations in an in ternational con-
gress to consider what measures can
be taken to revive or mitigate these
evils
Henry Chaplin, Conservative, sec
onded the resolution and pointed to the
situation of India as proving the neces-
sity of an international understanding
On the subject. He urged the govern
ment to reopen the Indian minis, pro-
vided the other powers opened theirs,
and to give every facility for promot-
ing the increased use of silver in Eng
land, short Of changing her own
standard,
Sir William Vernon Harcourt admit
ted that the
QUESTION WAS A GRAVE ONE,
but denied that the distress in hus-
bandry was due to the characterization
of silver. Husbandry was never in
more rulnOuS state than during the
period when the duality of silver and
gold existed, and he was as convinced
of the value of recommendation as Mr..
Chaplin was of the value of bimetal-
lism.
He reviewed the negotiate ons with
the United States which led to the
Brussels conference, and said the Brit
ish refusal to discuss the proposal to
open the minis of the various countries
for the coinage of silver was the posi-
ton adopted by the present govern
ment, and he hoped it would be adopt
ed by every responsible government
The present and the late government,
however, had agreed to consider what
measures could be taken to increase
the use of silver in the currency be-
tween nations. The statement that the
failure of the conference was due to a
premature declaration of Sir Charles
Rivers Wilson was unfounded. The
resolution was abandoned owing to The
opposition of the other delegates and
the result of the conference was that
the great majority of the delegates
agreed in favor of monomcrallic
currency and a gold standard. In re-
gard to the recent
ATTITUDE OF GERMANY
there appeared to be an idea that she
had changed the opinion which she
had held in favor of a gold standard,
but he believed the recent declaration
of Prince Hohenlohe did not amount
to anything of the kind. The declara-
ton, however, no doubt implied a de-
sire upon the part of Germany to dis
cuss with the other powers the means
to mitigate the evils which had arisen
from the depreciation in the value of
silver. If Germany made proposals
Will lLdI OOJcCI III view, liSi majesty .
government would be ready to enter
into the discussion in a friendly spirit
while at the same time adhering to it's
own currency. No country was so
deeply interested as England in main
tanning the currency on a sound basis
and a continuity of this currency pol
Icy was most necessary. -
AS Mr.. Everetts motion did not COM
NIT the government to an agreement
in regard to bimetallism. and as the
government did not deny the existence
of evils referred to, and as the resolu-
ton only invited the government to
join in any communications on the
subject whether in the form of con-
ference or otherwise, with the great
states of Europe he would not oppose
the motion, He was unwilling ''to
place the currency of this country
upon which it's commerce and pros
perity depended, at the mercy of any
foreign nation.
He declined to place the currency of
England under the control of any in
ternational committee, adding: IF
France and Germany or any other
powers wish to combine on the ques-
ton they can do so. But it is not for
Great Britain to follow their example"
Mr.. Everetts motion was adopted
without division.