The Lamar register., 1897-10-23
NO ENCOURAGEMENT.
aRITlsH CABINET sTnL DELAYS
Its Answer 20 the weieott commis-son Not
Yet Ready. sa, 1t win Probably ne a
Negative.


premier. Lord Salisbury. president,
and all the ministers, with the excep-
non OF Lord James. the chancellor Of
the Duchy OF Lancaster. Vlscount
s3r'sss- lord pr1yy seal. and Mr., Walter
Long, the president OF the board OF
agriculture. were IN attendance
The meeting lasted two hours. II Is
understood that the question OF re-
opening the Indian inints for the COIN
age Of silver was not decided. but Il
is added the matter was discussed and
VIII shortly form tho subject Of fur
ther communications between the
chancellor OF The excheaue-. Sir Mich
aei Hicks Beach and the Uuited States
monetary commission.
In addition 10 discussing the silver
Question u = understood that the cab
met ministers were in delfberzi,tun
over the Anglo French situation in
West Africa and Ia reviewing the Gre
tan arrangements.
In spite Of the statement that the
question Of the reopening Of the In
dan mints for The coinage Of silver
viii form the subject OF further com
mnnicatiou between the chancellor Of
the excheqner and the Unlts-l States
monetary commission. & Is believed
thar the British government has
reached the decision not 10 enter into
an International monetary conference,
Further meetings with the AmerSCan
commissioners viii be held simply ba
cnnse they were previously arranged
as cabled last week
In regard to India Il may be re
garde1 as c,.Ttain that the mints VIII
Dos b. n-opens-d at preseB, or until the
Indian authorities are fully prepared
and. though the decision rests with
49, 4Hs.sa ..ss. A. -
views of Simla viii prevail. and Il h
known that the Indian authorities op-
pose the step.
Il IS underwood that statement
wifi he issued next week % the effesi
that the British government does not
intend to suggest that the Bank Of
England Should bold It's re~erye partly
ia silver
No more definite information can b.
obtained with regard 70 the acliOu OF
the cabinet, but therc y every reason
10 believe that the governments de-
clsion Is as before statei-that II VIII
not enter into any international none
sary conference
Messages received from the Ameri-
can commission say they have received
no Information with regard 70 the ac-
don taken AZ the cabinet council 10
day but they hear that a statement
will be issued next week TO the effect
that the government will make M sng.
geStion 20 the Bank OF England as 20
any alteration Of It's present reserve
The government cannot In any event
do more than make recommendation
70 the hank. 80 the statement that the
cabinet had decided that the hank
should maintain q fun gold standard IS
incorrect.
The SUNDAY Times. In a review OF
the bimetallic agreement. ssays:
at is an open secret that when Eng
land was asked 20 join the bimetaliic
agreement the government replied tias
public opinion did not favor any alter
alton ef the hasss Of Eugland's cur
rency standard. hut. huving an over
whelmfng Interest in seeing a none
tary peae,. established IN the world. Il
would he glad 10 assist In the good
work. and. iiaSing Us action on the
resolution unanimously passed by the
House OF Commons. offered what the
Liberal government Of Mr.. Gladstone
offered before now, regarding silver ia
the banks reserves and the reopening
of the India minis to silver under GER
tain conditions. On this promise. Mr..
wolcott set 10 work. His chances of
sucosss seemed almost hopeless, but
he succeeded IN obtaining the promise
OF France and the United States to co
operate by opening their mints 10 sil-
yer. In both respects the unexpected
happened. The city reyolted, thanks
to the letter published Mt the time.
and. egged on by artful newspaper
comments. an outcry was raised which
resulted. iirst. IN meeting Of the