The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-23

heopeneQ-
London, Oct. 22.-The correspondence
IN regard TO the bimetaIlic proposals
Of The United States monetary commits
! sion vas issued by the British for
i eign Office this evening. The following
q account of the negotiations is taken
Z from the official publication:
At the conference held at the foreign
Office on July IL. The premier, Marquis
OF Salisbury, the secretary of state for
India. Lord George Hamilton. the chan
cellor Of the exchequer, Sir Michael
Kicks Beach, the first lord of the treas
ury, Mr. A J. Balfour, the United
States ambassador. Colonel John Hay.
and the United States monetary COM
missioners. Senator Edward Q. Woleott,
of Colorado, eX-Vtce- President Adlai L.
Stevenson, Of Illinois and General
Charles jackson Paine, of Massachu-
sets. were present.
w0LcoTTs STATEMENT.
On the invitation of the British pre-
mier, Senator Wolcott explained that
the object Of the mission was to ascer-
tain. in advance OF an international
conference. the views of the govern
ments. and the ENJOYS had determined
20 ascertain the views OF the French,
British and German governments on
the question of reaching an interna-
tional himetallic agreement. They had
been TO France, where they reached
complete and satisfactory understand
ing with the French government, and
the ENJOYS would have the cooperation
dor in London.
The senator then explained that the
success of the mission depended upon
tie attitude Great Britain would take.
and he requested Great Britain to agree
to open the Indian mints, as its con-
tribution to the attempt to restore in
ternational himetallism. with France
and the United States cooperating to-
gether in an attempt TO that end
The Marquis Of Salisbury asked If
France was ready to open her nints to
free coinage, and Senator WolcOtt re-
piled Yes"
The premier thereupon inquired at
what ratio France would open her
minis. Senator Wolcott said at 15ia,
adding that the American ENJOYS had
accepted this ratio
CONTRIBUTIONS" SUGGESTED.
The senator then presented the fol-
lowing list of contributions, which,
among others. he suggested Great Brit
ain might make:
F'irst,-The opening Of the Indian
mint6 and the repeal of the order MAX
ing the sovereign legal tender in India.
Second--Placing one-hfth Of the bull
lion ia the issue department OF the
Banh Of England in silver.
Third.-BaisinE the legal tender limit
OF silver To ten pounds, and issuing 20
Shilling notes, based on silver, which
shall be legal tender and the retire
ment, in graduation or otherwise, of
the 10-shiling gold pieces and the SUBJ
sutuOion OF paper based On silver.
tourth.-Aa agreement to coin an
nuaAy SO much silver, the amount to
be LETT open.
Fifth--The opening of the English
minis 10 the coinage Of rupees and the
coinage Of British dollars. which shall
be full tender in the Straits settlements
and other silver standard colonies and
tender II, thA United Kingdom TO the
limit o. silver legal tender
Sixth. Colonial action and the coin
age OF silver in Egypt
nth-Son1ethi.g having the
general scope of the Huskisson plan.
The meeting VAS then closed and it
WAS understood by the parties that
owing 10 the absence Of the French
ambassador from the proceedings, they
should be REGARDED as informal. and a
second conference, vas held on the
18th, at which, in addition 70 those al
ready mentioned. the French ambassa-
dor and NJ. Godfrey, the councillor of
the French embassy, we're present.
POSITION OF FRANCE.
The French ambassador was invited
to declare the position of the French
government. ana he said France was
ready to reopen her minis TO the COIN
age Of silver II the commercial nations
adopted the same course. and he adro-
Gated at great length the ratio of 1872
10 !. But, ne explained. France would
not consider the reopening of the mints
of India alone as being sufficient guar
s,ntee 10 permit the French government
10 reopen the French mints to the free
coinage Of silver
UNITED on ONE POINT
Sir Michael Hicks Beach then an
nounced definitely that Great Britain
would not agree 10 open the English
minis to the unlimited coinage of silver.
and that whatever views he and his
colleagues might separately hold re-
Earding bimetalhs1n he could say that
they were united on this point.
Baron de Courcel said, as a personal
suggestion. that among other contri-
buttons. he thought Great britain
agree to purchase annually go. 600. OOO
sterling OF silver for a series of years.
Senator WoIcott accepted the propos-
al that the British government should
make this purchase, with proper safe
guards AID provisions as il The place
and manner Of its use.
Since this conference the British gov
eminent has been considering fbe nro-
posaIs and finally made the renJl- hand
ed 10 the Uaited States ambassador
yesterday and cabIed exclugiyeISr "a the
Associated Press
REPLY OF INDIAN GOVERNMENT
The reply of the government of In