The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-11-17
.TER REPORT COMES
.i,I Compilation of the Core
spondence.
, SAYS NO, But MIGHT AID.

ant saws France and the
0O Had Gold to Fall Back ON
.S.d- Reply Might Have Been
mad Had Cooperation Of Other
p.en Basis of Brit
!. Refusal to Join Conference
ellington. Nov. 1.-THE official re-
4 - the correspondence In regard to
,uotallic proposals of the United
4 monetary commission to the gov
4 80 Of Great Britain, together with
nort If the proceedings at the con-
!. Of the British premier, the sec
If state for India. the first lord
treasury, and the chancellor OF
4 vcbeouer, with the French ambas-
I and our commissioners, has
4 ID this country. 1t fully confirms
ronorts cabled on Oct. Fl and %.
,agotiations fell through, notwith-
d,rg the expressed willingness of
rrench government to open its
u owing TO the rejection by the
En- government of the proposition
Lain omen the Indian minis to the
coinage of silver. None of the 9TH
<ropositions wer bseplied to because
4 one the mosie Important conces-
4. reouested Of Great Britain, could
lie acceded to.
n In anf
\ government Of Great Britain, In
NO her answer, deferred to the
L. of the government of India, to
In the proposal was referred, and
of the government Of India.
efore. is the most important COM
hication in the correspondence. 1t is
Sngthv document, in which the adj
.ages pro and con, to India are ar
! and q very strong case from their
sdpoint is made out in favor of the
kton of the proposal. The disturb
! Of values in India, with the attend
paralysis Of trade, at least temper
n: the fall Of silver prices in India,
currently with the increase of gold
Aes in Europe and America, etc, are
anced. but the most potent reason
IA against the proposition is that the
Ben of failure, If failure should come
a the experiment for the re-esta-
hment of bmetallism by France and
United States, must inevitably fall
India. Both the United States and
1 ce. the reply argues with their
bly, Of gold, could to greater or less
mt protect themselves If the expert
ht did not succeed. In other words,
Indian government as a preliminary
position declared that it could not
\ the success Of the suggested meas
Contains Reservation.
bis definite and absolute rejection Of
proposal was fully set forth in the
De reports Of the correspondence, but
document contains reservation
1ch would seem to indicate that II
scope of the proposed experiment
& sufficiently broadened India might
willing, at least, to reconsider her
psal. That paragraph In Lord FL
3 letter is as follows:
We note that the proposals of the
{ernments Of France and the United
fes are subject to the proviso that
4 are satisfied that they will receive
Stance from other powers in In
psing the demands for silver. We be-
e that limited increase of the guam
OF silver used as currency will ex-
pc very trifling influence, If any, In
ping the gold price Of silver, and that
only assistance from other power:
lch can be Of any real value would be
addition Of other countries to the
petallic union Of France and the
1ted States. If, however, assurances
feally substantial cooperation should
occurred from other countries we shall
flad to learn the exact nature of the
prances. and we shall then consider
fther the promised cooperation
shges the conditions of the problem
'adds materially to the chances OF
nees -