The Van Buren press., 1897-10-30
RECEIVE No CONSOLATION.
Reply OF Salisbury In Which He Re.
fnses TO Reopen the Indian Mints
Renders International Bl-
metallism an Impossl.
bilifr.

noon. The following is taken from
the official publications;
At the conference held at the foreign
Office on July IL Senator wolcott ex-
planned thst the object Of the commits
sion was TO secure IN advance of tbs
international conference the views OF
the governments on the question of
reaching an international bimetallic
agreement. In France they had
reached complete and satisfactory
understanding and the envoys would
have the corporation of the French
ambassador in London. The senator
then explained that the success of the
commission depended on the attitude
Great Britain would take and he urged
England to reopen the Indian mints
IS its contribution u the attempt to
restore International himetsllism with
France and the United States co.
operating together in Sn attempt TO that
end.
The Marquis Of Salisbury ssked II
France WAS ready 10 open her mints to
free coinage and - what ratio. The
senator then presented the following
list Of contributions which. among
others, he suggested Great Britain
might make:
First. The opening Of the Indian
mints sni the repeal Of the order max
ing the sovereign legal tender in Indis,
Second. Placing one fifth Of rAe
bullion in the issae department in the
bank of England in silver.
Third, Raising the legal tender hmi,
Of silver to say s10. snd issuing twenty
shilling notes based en silver which
shall be legal tender Sni the retirement.
in graduation or otherwise. Of the ten
shilling soli pieces and the substitution
Of paper based On silver.
Fourth, An agreement 10 coin
annually 50 much silver. the amount 10
be left open.
Fifth. That the epenieg Of the
Indian mints To the eoinsye Of rupees
aud the eoinsss Of British dollars which
shall be full tender in the settlements
and other silver standard colonies and
tender in the United Kingdom TO the
limit Of silver legal tender.
Sixth. Colonial action sni the coin
aye Of silver in Egypt.
Seventh. Something having the
general scope Of The Hnskisson plan.
The meeting then closed sni second
conference was held On the 18th. The
French ambassador Was invited 70
declare the position Of the French
government and he said France WAS
ready TO reopen her mints TO the
eoinSge Of silver il the commercial
nations adopted the same course and he
advocated az great length the ratio Of
fifteen sni one hslf. But. he ex-
planned. France would nos consider the
rs opening Of the nin;s Of Indis alone
IS being Sufficient guarantee 10 permit
the Ersach government 10 rs open the
Essaeh Iaiats to the coinage Of silver.
SIR Michael Hicks Beach then &n-
aoaResi definitely shzt GreS; Britain
wo1la not agree 10 reopen the English
raints 10 the unlimited coinage Of silver
and thSr whsssvsE views he and his
colleagues might separately hold regard
ina hims;SltisEn he coali SAY they were
united oa this poias.
Baron is CozrseSts said. Ss 4 personal
Suggestion. that &no1s other eontribu
tons he thoGsAs Great Britain should
O2ea the Indian ain,s sai slso agree 70
p1reh&ss annually 10 .eoo. 600 poCn1:
sterling q silver for series Of wears.
S<sasOr wolecss accepted this p-o-
posal.
Sincs this conference the British gov
eminent has hssz eoasaasring the pro-
possls and finally u.2s- the reply hkns3z,i
70 the Caissd States ambassador yss-s--
DAY aud eAhiei exclusively 10 the
Associated Press
The reply q the govsrn1saso ot India
upon which Lord Salisbury based M:
9seislca. is 4 lcnS document giving al
emphatic negative 10 the proposed re
opening q ths Indian Elinss- Il SAYS:
The Srss Esszls q the sGzssssssi
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