Daily capital journal. (Salem, Or.) 1896-1899, 1897-08-06
BIMETALLISM.
No Monitary Conference
England Will Not Participate Says
Sir Thomas Sanderson.

the World from London says:
Sir Thomas Sanderson, who is per-
manent under secretary and who
ranks next TO Lord Salisbury ln tie
foreign Office, said to the World cor.
respondent;
81 do not believe that the British
government has submitted any propos
sition TO the American bimetallic en-
vOys, | have heard of a meeting to
be held between President Mckinley IS
commissioners and Lord Salisbury at
the foreign Office next week. The
report that one will be held deem
untrue. At that time most of the
cabinet members will be away. Lord
Salisbury might come to London from
Hatfield, but DO not think he: will
serve and most of the ministers could
not be present."
Mr.. Balfour's secretary says no such
meeting has been arranged.
The daily newspapers are seriously
noticing Senator Wolcott's bimetallic
commission. The Chronicle says.
after "authoritiyely" announcing
meeting for next week which Sir
Thomas Sanderson says has not bee n
called, that "most of the cabinet will
be present and Lord Salisbury is then
expected to make known to President
Nick inley's ENJOYS the decision of the
Bitish government on the subject of
the proposed extension of silver coin
age.'
AS cabled two weeks ago, many peo-
pie have expected that Lord Salisbury
will again make his old offer to open
the Indian mints and withdraw the
10.shilling gold pieces from circula-
tion. The Statiest, the most import
ant financial publication here has in
clined to that view, and so has the
Times, qualitiedly. But the World
correspondent learns on very nearly
the highest authority that all such
statements are without foundation at
present.
In connection with the grave
doubts expressed about any meetings
being held before September, it may
be noted that Mr.. Balfour aud the
rest Of the government arc OF the
opinion that it would harm rather
than help any effort to settle the
monetary question if any offer was
made by Great Britain before official
negotiations, privately conducted, had
proved that England, France, Ger
many and the United States were pre-
pared to agree upon steps to effec-
lively remOnetize silver and main
tain par of exchange. 1t fs believed
that Balfour has refused to hold any
official conference with anybody until
pretty near final agreement has
been reached.
The French and United States gov
ernments have informed the British |
government what they will do if Eng
and and Germany will take certain /
steps. If the English government |
would accept this offer the acceptance |
must be conditional on Germans
agreement.
Germany will not be approached
until it is found what England will
agree to, and much time must elapse
before formal conference is possible.
Should Germany tacitly agree to a
agreed upon by the three
other countries then such a meeting
as has been predicted for next week
might be held. The progress of the
now going on in London
is being kept profoundly secret, but
it is said that England is prepared to
make few minor concessions.
London takes Senator Wolcott and
his bimetallic colleagues more seriously
than Paris did. The French newspa-
pers, including LIE Temps, made game
of them but the London journals re-
garded them with respect.