Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-02-28
A STEP FOR SILVER.
Timetable Resolution Adopted in the
House of misunderstanding
Great Problem.

| London, Feb. 2S.-The house of com.
mons adopted Mr.. Robert s. Everett's BIZ
metallic resolution without division.
THE RESOLUTION
| in substance was that "this house regards
with increasing apprehension the con.
stant fluctuations and growing diver
gence 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.
ernment and parliament of Germany in
ragard to the serious evils resulting there
from. 1t therefore urges upon the gov
ernment the desirability of cooperating
with other nations in an international
congress to consider what measures can
be taken to mitigate these evils"
Henry Chaplain, conservative, Sec
onded the resolution. He presented
the situation of India as proving the
necessity of an international understand
ing on the subject. He urged the gov
ernment to reopen the Indian mints pro.
yided the other powers reopen theirs, and
to give every facility for promoting the
increased use of silver in England short
of changing her own standard.
SIR WILLIAM VERNON uARooURr
admitted 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
ruinous state than during the period
when the equality of silver and gold ex-
listed, and he was as convinced of the
value of mometallism as Mr.. Chaplain
was of the value of bimetalism.
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 mints
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 prominent
government. The plan of the late gov
slider what measure could be taken to in
crease the use of silver in the currency
between nations.
The statement, he said, that the failure
of the conference was due to premature
declaration of Sir Charles Rivers Wilson
WAS UNFoUNDED.
The resolution was abandonded 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 a monometallic currency and
gold standard.
In regard 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 gold standard,
but he believed the recent declaration of
Prince Hohenlohe did not amount to
any thing of the kind. The declaratio
however, no doubt implied a desire upon
the part of Germany to discuss with the
other powers the means to mitigate the
evils which had arisen from the deprecia-
tion in the value of silver. If Germany
made proposals with that object in view
her majesty's government would be ready
to enter the discussion with
FRIENDLY SPIRIT,
while at the same time adhering to it's
own policy. No country was 80 deeply
interested as England in maintaining the
currency on a sound basis, and con-
tinuity of this currency policy was
necessity.
AS Mr.. Everett's motion did not COM
nit the government to an agreement in
regard to bimetallism, and as the govern
ment did not deny the existence of the
evils referred to, and as the resolution
only invited the government to join in
any communications on the ubject,
whether in the form of conference or
otherwise, with the great states of Eu-
rope, he would not oppose the motion.
He was unwilling to place the currency
of this country, upon which commerce
depended, at the mercy Of any foreign
nation. He declined to place the cur