The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-27
Sir William Vernon HarcOurt's Dec
Iaration I'm the House of Commons
i'm a Debate on BimetaIiism.
ROSEBERY LII WITH GRIP
MANY OTHER PROMINENT ENGLISH
MEN In ITS CLUTCHES.
Views of Nelson Morris on the French
Embargo American Cattle
General Foreign News.

LONDON, Feb. 26.-Robert L. Everett,
Liberal, moved in the House of Commons
to-day the bimetallic resolution which was
approved on Friday las. by the parlia-
mentary committee of the BimetalEc
League. The resolution, in substance, was
that This House regards with increasing
apprehension the constant fluctuations and
growing divergence in the relative value of
gold and silver, and heartily concurs in the
recent expression of opinion upon the part
of the government of France and the gov
eminent and Parliament of Germany in re-
gard to the serious evils resulting there
from. 1t therefore urges on the government
the desirability of cooperating with other
nations in an international conference to
consider what measures can be taken to re-
vive or mitigate these evils
Henry Chaplin, Conservative, seconded
the resolution and pointed to the situa-
ton of India as proving the
necessity OF an international under
standing on the subject. Mr. Chaplin
also urged the government to reopen the
Indian minis, provided the other powers re-
opened theirs, and to give every facility for
promoting the increased use of silver in
England short of changing her own stand
ard
Sir William Vernon-Harcourt admitted
MED that the distress in husbandry was due
to the demonetization of silver. Husbandry
was never in a more ruinous 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 bimetallism
He reviewed the negotiations with the United
States which led to the Brussels conference
and said the British refusal to discuss the
proposal to open the minis of the various
countries for the coinage of silver was the
position adopted by the present government,
and he hoped it would be adopted by every
responsible government. The present and
the late government, however had agreed
TO increase the use of silver in the cur
rency between nations. The statement that
the failure of the conference due to
premature declaration of Sir Charles Rv-
erS Wilson was unfOunded. The resolution
was abandoned owing to the opposition of
the other delegates, and the result of the
conference that the great majority
of the delegates agreed in favor of a mono
metallic currency and gold standard.
In regard to the recent attitude of Ger
many, there appeared to be an idea that she
had changed the opinion which she had held
in favor of gold standard; but he believed
that the recent declaration of Prince Hohen-
lobe did not amount to anything of the kind.
The declaration, however, no doubt implied
a desire on the part of Germany to discuss
with the other powers the means to mti-
gate the evils which had arisen from the
many made any proposals with that object
in view her MajeStys government would be
ready to enter into the discussion in q
friendly spirit while at the same time adj
herring to its own currency No country was
so deeply interested as England in maintain
ing the currency on sound basis, and
continuity of this currency policy was most
necessary.
AS Mr. Everett's motion did not commit
the government to an agreement in regard
to bimetallism. and the government did
not deny the existence of the evils referred
fo nd aC no
government to join in any communications
on the subject whether in the form of a
conference or otherwise with the greater
States of Europe, he would not oppose the
motion. He was not willing ito place the
currency of this country, upon which its
commerce and prosperity depended, at the
mercy of any foreign nation" He declined
to place the currency of England under the
control of any international committee, add
ing: IF France and Germany, or any other
powers, wish to combine on the question
they can do SO. But it is not for Great
Britain to follow their example.
Mr.. Everetts motion was adopted without
a division taken.