The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-17

iN+.@A- NeNfF---~N
this morning held its first autumn
meeting at the foreign Office.
Premier salisbury presided and ali
the ministers except Lord James, Chan
cellor Duehy OF Lancaster, (iscount
Cross. Lord PrY-Y Seal. and RI. wal
ter Long. president of the board OF aS-
riculture, we're in attendance.
The meeting tasted two hours
Ia addition TO discussing the silver
question it is understood that the cab
met ministers were in elaboration over
the Anglo French situation in West
Africa, and in reviewing the Cretan
Announcements.
Ml spite of the statement that the
question of the reopeniug of the Indian
minis for the coinage of silver viii form
T the subject of further communications
between the chancellor Of the eXehe-
duer and the United States monetary
commission it is believed that the Brit-
ish government has reached the deci-
sion not so enter into an international
monetary conference. Further meet
ings with the American commissioners
VIII be held simply because they were
previously arranged, as eabled last
week.
NOT BE REoPENED.
In regard to India, it may be regarded
as certain that the minis Will not be
reopened at present or until the In
Though the decision rests with Down
ing street, it is certain that the views
Of Simla viii prevail and it is known
I that the Indian authorities oppose the
step.
NO INTERNATIONAL CONFER
ENCE
80 Na-1nore definite information can be
obtained with regard to The action 81
the cabinet, but there is every reason
10 believe that the government. as be
fore stated, will not enter into any in
ternational monetary conference.
Messages received from the American
commission say they have received no
information With regard TO the action
taken at the cabinet council today. but
they hear that q statement viii be
issued next week to the effect that the
government viii make no suggestion
to the Bank of England as to any al
ITERATION Of its present reserve The
government cannot, in any event, do
more than make q recommendation TO
the bank. SO the statement that the
cabinet had decided that the bank
should maintain full gold standard is
incorrect.
SEMI-OFFICTAL ACCOUNT.
The press association sends out the
following semi-onicial statement to
night:
iC CdDAltl NUIlSluGIttl Tue SUBJECT
in pursuance of the pledges given in
their name by Mr A. J. Balfour, first
lord Of the treasury, and Sir Michael
Hicks Beach. chancellor of the ex-
chequer. in the house of commons,
when the resolution favoring co-opera-
lion in securing a stable monetary par
of exchange between sold and silver
was passed. The chancellor of the ex-
chequer and his colleagues still main
tain the position then taken. that the
government cannot alter the gold
standard in the United Kingdom But
they have in the interval consulted the
Indian government with regard to the
opening of the Indian minis. and a re-
ply has been received which, it is I'M
derstood, is strongly
AYERSE TO THE PROPOSAL.
Owing to the difficulties raised in In
dia and the opposition in other quar-
ters. the cabinet felt that they are
unable 10 give an immediate under
taking to reopen the Indian mints
but they apparently are not indis-
posed to enter into further negotiations
and II is expected that as the outcome
of todav's cabinet council the United
states commissioners win shortly have
another interview with Sir Michael
IIicks-B Beach and that diplomatic COM
1nunicationS upon the question will be
continued with the foreign powers
more Immediately concerned in the re-
Mobilization Of silver"
In spite of the above. however, it is
generally believed that the government
has fully
DECIDED TO SAY NO"
10 the proposals presented by Mr..
MoIcott. This decision VIII be COM
rnllnicated 10 the two embassies and
the monetary commission some time
during the next week or fortnight after
the chancellor Of the exchequer has
had leisure for considering how he can
say No gracefully and courteously.
WOLCOTT's NEXT MOVE.
MIR. WoIcott and his colleagues will
then return 10 Paris to consult with
The French government respecting the
exnediency OF the United States and
france attempting TO carry out their
policy without the help of England
and india Under the conditions it is
probable the French government will
refuse 10 assume the responsibility for
continuing these monetary negotiu-
lions or at all events for taking de-
cisive~ action without receiving assur-
ances of the re-opening of the Indian
rnfnts and the support in a limited de-
gree OF the Bank of England
: Mr.. Stevenson left London yesterday
for Rome.