New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-27

OF ANOTHER INTERNATIONAL.
MONETARY coNrERENCE-
CHANCELLOR Won HoH-
ENLoHE ASKED 10
OPEN NEGo-
TIATIONs.
London Feb o6-The bimetallists scored
triumph in the House of Commons tonight
which, II is believed. renders the holding of an
other International Monetary Conference as
sured. Sir William Harcourt Chancellor or the
Exchequcr, in closing has speech on the SUBJECT
announced that he would accept the resolution
introduced by Robert l.. Everett QiberaD hheh-
Der for the Woodbridge Division of SUFFOLK Ia
voring the calling of conference Inc raiia
mentary Bimetallist Committee. immediate!
after Sir William Harcourt had announced his
accantance Of Mr. Everett's resolution, tele-
graphed to the Berlin Bmetallist League ask
inc II 70 urge upon Prince Won Hohenlohe. the
German Chancellor. the expediency of opening
negotiations for Monetary Conference at Ber-
lin. The league responded with telegram con-
graduating the English bimetallists upon the
success of Mr.. Everett's resolution. The opinion
prevails in the lobby that an international con-
ference on the subject is certain.
MR.. EvERETTS RESOLUTION
follows:
Resolved That the House regards with increas
ing apprehension the growing divergence between
the values of gold and silver. and heartily concurs
in the recent expression of the opinion OF the Gov
ernments OF France and Germany in regard TO the
fore urges the Government TO cooperate with the
Powers in the calling of an international confer
In speaking upon it Mr. Everett appealed to
Sir William Harcourt TO give heed to the real
tior,
and open his eyes to the enormous revolution Of
values which has not been brought about by
natural causes but by legislation. He expressed
hone that the Government would cooperate with
the other Powers in an effort to bring back the
happier state Of things which existed when the
two metals stood upon a common ratio. England
was rich but that was no reason why she should
uniusty increase the burden of other States
Surely he said she was not Interested in the
bankruptcy Of other nations which were owing
money to her: but that was exactly what was
going on ard would continue unless something
were done 10 check 1t.
The Right Hon. Henry Chaplin, Conservative.
in seconding the motion. said that the Govern
ment had aimed blow after blow at silver; had
closed the -nints Of India deprvng silver of It's
last great market. and aftcrward had imposed a
duty upon the silver imports of India The con-
directly traceable 10 tho monetary laws of Eng
land He charged SIR William Harcourt with
having misjudged the views of France and Ger
many on the question. and predicted that, al
though the opposition to bmetallism was now
bitter that system woule at no distant date be
victorious because it had upon its side eX-
perience Justice and scertifc truth
THE CHANCELLORS SPEECH.
Sir William Harcourt said that he had never
denied the existence Of evils In consequence OF
the growing divergence Of the values OF gold ana
silver. When other countries had desired
Monetary Conference the Government had not
refused to join. The last conference at Brussels
had shown that majority OF the European
countries declared in favor Of monometallic
currency. He did not think that Germany had
changed her opinion When a proposal from
Germany or any other country reached the Cow
ernment II would be time enough TO consider the
question Of England joining in another confer
ence A misconcepton. he said, existed in re-
gard 10 the cause Of the failure OF the Brussels
Conference. The Government OF the United
States in proposing that international Confer
ence expressed a wish that ii be he'd with a
view to establish the ratio Of values Of gold
and silver by the leading Nations by means OF
the free coinage Of silver in their respective
mints. England he said. could not accept an
invitation couched in such terms and could not
enter into matter which impeached the first
principles Of Englands currency CIear. hear.')
The United States Government thereupon pro-
posed that the Conference consider what meas
ures, IL any. could be taken to increase the
of silver in the currency system Of the Nations.
When the Conference met a representative Of the
United States proposed = general resolution that
In the opinion of the Conference it was desirable
that p method should b. found which would in
crease the use Of silver This resolution was sup
ported by the British delegates.
WHY THE BRUSSELS CONFERENCE FAILED
II had been alleged that the failure Of the
Conference was due to premature declaration
the part of Sir Charles Rivers Wilson. a
British delegate against bimetallisnl This state
ment was absolutely unfounded. 1t Ger
man 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 it, C'Hear, hearD He also sad
mat Germany recognized the fact that the con-
tnua oscillations Of silver values were regret
Table from an economical point Of view. and IT
vas therefore, desirable that the question should
ne considered The representatives OF France
dno me other Powers were not 50 directly op-
poser 70 the question. but were rather disposed
e. e. .'lucise than to cooperate. so the United
s,ateS deiegates resolution had TO be aban-
ooned. After this Alfred RothschiId. British
utesale had made "A practical proposal for the
ent"' 't'n'."t OF the use Of silver. and this was
ueledtcd ny tne action of Russia and the Latin
mon II was clear therefore. that so far as the
9nJects OF me United States were concerned. no
naine 'oud DE attached h the British delegates
for the negative results reached
recurring 10 the possible action Of Germany In
promoting another conference. Sir William said
'hai Inc Government had received no official
communication the subject but he had no
hesitation IN saying that far as he himself
was responsible such communication would be
Ind e' IN tne sline manner as the proposal OF The
10 concur in proposals TO cOnfer upon subjects
~ common Interest was what belonged to inter
Hdll,hal courtesy He would suggest that II an
o,ner conference were held. II should be under
S'oou mat II was not for mere academic dis
cussion. but the delegates ought to be empow
efed 10 make definite proposals embodying their
Newg. Their Respective Ministers fully recognized