New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-10-23
MONETARY NEGOTIATIONS.
PROCEEDINGS OF THE RECENT CON
FERENCES HELD IN LONDON.
WHAT THE AMERICAN AND FRENCH REPREsEN'
r.T1yEs ASKED THE BRITISH GOV
rPNMENT TO DO FOR B!METAL
LIsM-ESGI.AND's REFUSAL

TATIVES ASKED THE BRITISH GOV
rRNMENT TO DO FOR BlMETAL-
LIsM-ESGIAND's REFUSAL.
ro,dor Oct e2-Ihe correspondence in regard
"a me timetable proposals OF the United States
Monetary Commission was issued by tire British
Foreign Offce this evening. and the following sc-
count OF the negotiations taken from IT,
A. the conference held At tho Foreign Office on
Juiv /? the Premier the Marquis OF Salisbury, the
Secretary OF State for India. Lord George Hamil-
ton; the Chancellor OF the Exchequer. Sir Michael
Hlcks-Bcacb the First Lord OF the Treasury. A. J.
Da.our: the United States Ambassador. Colonel
John Hay, and the Cujed States Monetary Com
m:soners. Senator Edward .. Wocott OF Color
ado former Vice dent Adsi Z. Stevenson. Of
Illinois and Genera Charles Jackson Paine. OF
Massachusetts. Present
On the invitation Of the British Premier. Sera TOT
Wolcou explained that the object OF the mission
was to ascertain. in advance o. an International
conference Il one should be called. the views of
the Governments, ard the ENJOYS had determined
n ascertain the views Of the French. British and
German Governments the question OF reaching
An International himetallic agreement They had
heen 10 France where they reached complete
and satisfactory understanding with tho French
Government, and the ENJOYS would have the co
oneration in this matter OF The French Ambassador
in London.
rNGLAND's COOPERATION ASKED.
The Senator then explained that the success OF
the mission depended upon the attitude Great
Y,ritain would take, and he requested Great Brit
ain 10 agree 10 open the English mints rs its CON
tributon 10 the attempt to restore international
hlmetaliism with France and the United States
cooperating together in attempt TO that end.
The Marquis of Salisbury asked II France was
ready 10 open her minis 10 free coinage. and Sena-
Tor Wolcott replied, Yes
Premier inGuircl q. what ratio
France would open her mirts. Senator Wocott
raid at 1ji2 adding that the American ENJOYS had
accepted this ratio.
The senator then presented the following list Of
contributions which. among others. no suggested
Great Britain might make
Firs;--The opening OF the indian minis and the
repeal Of the order making the sovereign legal ten
seccnd-Piacins one-hf,h Of the bullion in, the
issue department # the Bank OF England IN silver
saw 10 and issuing Us eniy shilling based on
silver, which shall be legal tender, end the ret!se g
ment. IN graduation o. otherwise. OF the ten-sh.l
Ing gold pieces and the substitution OF paper basel
Fourth-An agreement to coin annually 50 much
silver. the amount 10 he left open.
Fifth-The opening Of the English minis 70 the
coinage Of rupees and 70 the coinage OF British
dollars. which shall be full tender n the Straits
Settlements. and other silversta ndard colonies an
tender in the United Kingdom to tho limit Of silver
legal tender ao.,o., -. ,o,,, - .ur.~ -
Egypt.
Seventh-S Something having the general scope OF
the Huskisson plan.
The meeting then closed. and it understood
hv the parties thai the absence Of the French An.
hassador Baron de CourCel from the proceedings
should be regarded as informal. and second con-
ference was held on the 18th, al which, in addition
10 those already mentioned. the French Arnbassa-
dor and NJ Geonray the counsellor OF the French
Embassy present.
POSITION OF THE FRENCH GOVERNMENT
The French Ambassador was then invited to de-
clare the position of he French Government. and
he said France ready 10 reopen her minis 10
TIE coinage OF silver if the commercial nations
adopted the same course and he advocated al