Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-04-04
2BLBGRAPHIC.
RIHETLLLIC LEAGUE.
l--glI goo,Ins Held at Tho Residence
0, L0nion'S Lord Mayor
SEVERAL NOrABhIS rALSLN'
n,lrour speaks in Favor OF a DouDl'
slaudard-Fall IN Prices
Benefit 10 None.
SEVERAL SorADLrs PRESENT

t,ypoy. April 8.-Tho annual moot
Tine timetable League was mold
.,i,ya,the Mansion house, thcoi iic'al
..li,ses u the lord mayor Of London
.,Jr,,ph Dlmsdale presided. Among
..,. rrrfent were Lord George Ham
|,- tbr Duke Of Fuo and Sir Donald
"a y,r,rsne ana Mt. Charlss II.
v,sssut, members Of the House Of
r,nnsus. Toe ~. Hon. y. J. Ra'-
s,, Conservative lender Of the Hause
y, C5mm3us. made d strong speech in
49,, of tho double standard.
gs AID thatt belief In bimutall.fm
i.,.vlUs. NOS only in london bud
I.sbsfrir Great Britain butthftugh-
.t tbe civilized w0fl'. Ono great
80. vgas noticeable, 10 was seldom
.lw av.ftri that ulmuullum BE- lu.
,s9.r,Iy impossible. Formerly n
Grralllt was regarded ne "a dagger.
gr hiIlsI Economists who placed
value on the lessons OF experience had
I.Ere Them the irr.iu'aUlu fact tugi
.fIr tbu Laun nations maintained
f.. tmImptHIliu ~ stem, thu par VI CN'
.aifI1t uf gold anu Hiiyrr was pre-.
fvri Doc tho whole world, drspito
s.r. Boz u.tual revolutions end uiF.
..y.fy OF the precious metals.
-.6t ppfs.uH admitted that none
n.aIIsm DO d large portion % the
g6fI had deprecated prices ana put %
la on IMPORTS. Thus, Tor instance,
grat Britain bought from India and
Countries whoat at a price below
,,Isgltlmato value, anu those persons
fufed that this was an advantage 60
ias cjntlmuH, ami therefore benefited
,ls mass OF the community.
Nj BaliouT declared, however, that
tsva.cIuylncui that nobody IN the
civ va,to foolish Oh 10 suppose that
tIg iBtefesiH Of Great Britain were
hrta,ei generally by an unlimited
hIlu pfI0si. Not any large body Of
tutsla were 20 uusCTupuiuut uB Co
gg,'tr that the debts owed by foreign
.aH5us should tB urunuiuily aug.
utaaIby o. change Ia the value OF
Hgufcucy IN which they were paiI.
ILHytr,I
Another Argument was that the
IA klut supremacy VI London would
Dc uitl'earI Ivy u currency change,
l4tn0 m5ulmUtallist was over able 90
uIhn bow, lie csuteudru that Lon.
600, o. tlU hnHuClni cuutcr VI the
v.Ud, would gala rather than lose by
buylutg placing tho currency VI tue
world 1u tJuulur basis.
lteihIm Argument WAS very absurd.
This VS. llsl q change would deufeci.
h.rg94i anI therefore puis0ns having
NFfg''sl1 banks payable "a gold, WUull
HIlduW them Instantly. The change
llitaiantI nus 10 cause such CONE
macll cf.cis rs tho world had never
igru. lns argument was supported by
NaINruB aud Sir William Vernon
Hife.lh.
ln.ssh lpanic was probably I'M
reasonable, there appeared 10 him no
sounds ~ suppose that tue people
" u4 DO anything 90 in0fdinaloIy
NlyMll Withdraw their luppaits be-.
cause 1he world's currency was going 30
usIuI0n stable basis, which, rxceptlu
PARTICULAR international trausnullous,
would never diilcr, anu tXcrp; Tor liz
tlW ti..gt ON thegtent movement this,
ue9ut'u, would have no effect ON pu.
n,e Individual convenience.
The fourth anu strongest argument
va "Ict we'll enough nlunp.p but bic
me'a.l'tu asked was 30 we'll enough
ts5l.o talked OF the eXcclIrucy vi tnp
h''ilth system, but they Hud,
,.rg9'l F,andard u1lEinui IN Great
hH'Alu, ihatfl 10 the currency OF
Ie h1ng Kong and the 5traits settle
lenl, while 30 India debts are PAID In
tn7ihIng which iI neither silver nor
s''sr ull Vac uifsuge1I product OF mons
gA,Al'lo ingenuity the world has ever
,'sla ana us arbitrary o. any forced pa.
l"llfitucy, and as expensive as amy
L'Alllg currency the world has over
le,tl VI, a STANDARD varying according
We a'bilufy viii " tho finance
n.hiler Of India.
aus Triple tyslom was manIfastly