The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-03-06
SILVER is COMING.
THE BRITISH BlMETTALlSTS GAIN
UNEXPECTED SUCCESS.

THE BRITISH BlMETTALISTS GAIN
UNEXPECTED SUCCESS.
A Motion, Concurring With German anG
French Bimetallic Views. Passes Com
mons--An International Monetary Con
ference Assured.
LONDON, Feb. Pin the House Of
Commons yesterday, Robert L. Ever.
EFT, Liberal member for Woodbridge
Division of Suffolk. introduced the
following motion: That the House re.
CARDS with increasing apprehension,
the constant fluctuation and growing
divergence of values of gold and sil.
yer and heartily concurs in the recent
expressions of opinion of the govern
ments of France and Germany in re
gard to the serious evils arising there
from"
Speaking to the motion, Mr. Ever.
EFT appealed to Sir William Harcourt
to give heed to. the real position of the
question, put aside theorizing and open
his eyes to the enormous revolution OF
the values which has not been brought
about by natural causes, but by legis.
lation. He expressed the hope that
the government would co-operate'with
the other powers in an effort to bring
back a happier state of things which
existed when the two metals stood
upon common ratio.
England, Mr.. Everett said. was rich,
but that was noreason why she should
unjustly increase the burden of other
states. Surely, he said she was not
interested in the bankruptcy Of other
nations which were owing her money
but that was exactly what was going
on and what would continue unless
something was done to check it.
Right Hon. Henry Chaplin (Conser-
vative) in seconding the motion, said
that the government had aimed blow
after blow at silver; and closed the
mints of India, depriving silver of its
last great market and afterwards had
imposed duty upon the silver i'm
ports of India. The constant fuctua-
tons of the metal, he declared, were
directly traceable to the monetary laws
of England. He charged Sir William
Harcourt with having misjudged the
views of France and Germany on the
question and predicted that although
the opposition to bimettalism was now
bitter, that system would at no distant
date be victorious because it had upon
its side experience, justice and scien-
tifc truth.
Sir William Harcourt said he had
never denied the existence of evil In
consequence of the growing diver
gence of the values of gold and silver.
When other countries had desired a
conference, the government
had not refused to join. The last con-
ference at Brussels had shown that
of the European countries
declared in favor of monometalic
currency. He did not think that Ger
many had changed her opinion. When
a proposal from Germany or any other
country reached the government, it
would be time enough to consider the
question of England's joining in
another conference.
A misconception, he said, existed in
regard to the cause of the failure of
the Brussels conference. The govern
ment of the United StateS in propos-
ing that international conference, ex-
pressed wish that it be held with a
view to establishing the ratio of val
ues OF gold and silver by the leading
nations by means of the free coinage
of silver in their respective mints.
he said, could not accept an
invitation couched in such terms, and
could not enter into a matter which
the first principles of Eng
lands currency. C'Hear, hearty The
United States government thereupon
that the conference consider
what measures, if any, could be taken
to increase the use of silver in the cur
rency system of the nations. When
TIE conference met, representative
Of the United States proposed a gen
eral resolution that in the opionion of
the conference it was desirable that
method should be found which would
increase the use of silver. This reso-
luton was supported by the British
delegates. 1t had been alleged that
he failure of the conference was due
10 premature declaration on the part
Of Sir Charles Rivers Wilson, a Brit
sh delegate, against bimettalisn. This
statement was absolutely unfounded.
It vas a German delegate who made
he first declaration Of the kind, say
ng that Germany was satisfied with
ler present monetary system, and did
aot intend to alter it. ("Hear, hear!)
He also said that Germany recog-
nized the fact that the continual oscil-
ations of silver values were regreta-
Die from an economical standpoint,
md it was therefore desirable that the |
question should be considered. The |
representatives of France and the
other powers were not so directly op-
posed to the question; but were rather
disposed to criticize than to cooperate,
20 the United States delegates resolu-
lO1l IidQ w NC dUGl1oO1lSO. a! ICI Iu1o, ]
Ir. Alfred Rotschild, a British dele |
rate, had made a practical proposal
or the enlargement Of the use of sill
-er, and this was defeated BY the ac-
ion of Russian delegates and the Lat
u Union.
+, It was clear therefore that as far as
he objects of the United States were
lot concerned. no blame could be at
ached to the British delegates for the
negative results reached Recurring,
o the possible action of Germany III
promoting another conference. Har-
olirt said the government had receiv
d no official communication on the
ubject but he had no hesitation in
aging that as far as he himself was
such a communication
would be met in the same manner as
he proposal of the United States was
eceived. (''Hear, hearty
To concur in proposals to confer
,pon subjects of common interest was
What belonged to international cour
esy. He would suggest that if another
ON ference were held If sho1,11 he m