New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-10-17
BRITISH CABINET MEETS.
no DEFINITE ANSWER FOR THE AMER
ICAN MONETARY COMMISSION
NEVERTHELESS IT is BELIEVED THAT Az IL
FAVORABLE DECISION WAS REACHED
sf:MI-orF1cIAL TALL; or FURTHER

NEVERTHELESS IT Is BELIEVED THAT M IL
FAVORABLE DECISION WAS REACHED
sEM1-oFFIcIAL TALK OF FURTHER
NEGOTIATIONS.
London oct I6-The British Cabinet this
morning held its first autumn meeting at the
Foreign Office The Premier. LORD SALISBURY
presided and all the Ministers. with the eXcep
ton of Lord James the Chancellor OF the buch!
Of Lancaster; Viscount Cross. Lord Privy Seal
and Walter Long the president OF the hoa'"
Of Agriculture, were in attendance.
The Cabinet meeting lasted two hours N''r
ward it said that no conclusion IN regard 10
the answer to be given to the United states
Monetary Commission had been arrived al Wheh
the Cabinet meeting adjourned.
1t is understood that the question ot reopen
ing the Indian mints for the coinage 81 silver
was not decided. but it is added the matter was
discussed and will shortly form the subject OF
further communication between the Chancellor
Of the Exchequer Sir Michael Hicks Beach
and the United States Monetary Commission
In spite Of the statement that the question or
the reopening of the Indian minis for the coin
age Of silver Will form the subject of further
communications between the Chancellor OF the
Exchequer and the United States Monetary
Commission it Is believed the British Govern
ment has reached a decision not To enter into
an international monetary conference. Further
meetings with the American Commissioners VIII
he held simply because they were previously
arranged as cabled last week.
As to India. it may be regarded as certain
that the mints will not be reopened a. present
or until the Indian authorities are fully pre-
pared and. though the decision rests with
Downing Street 1t IS certain that the views of
Srla will prevail, and it Is known that the
Indian authorities oppose the step.
No more lennitc information can hc obtained
with regard t. the action II the Cabinet, but
, tho. is every reason to believe that the Gov
crnment's position is "a before stated that 1t
viii rot enter into an international m"n"tar!
conference.
Messages from tn" members - III" American
Commission say they have received ~ informa-
ton with regard 80 the action taken at the
Cabinet Council to-day. but they hear that a
statement will be issued next week 90 the effect
that the Government viii make no suggestion
10 the Bank II England as 10 any alteration ~
it's present reservc. Tho Government cannot
in any event 30 more than - make a recon
menda,ion - the bank. so ihe siatom"n' that
the Cahine; had decided that tn bank should
mlintain a full gold standard is Incorrect
Tho Press Association sends out tho foll'"
ing som!- oil al statement tonight
Tho Cabinet considered IN" subject IN pur-
suance ~ The pledges given in ihcir nam" 10y
; J. Balfo,". First Lord ~ the Treasury. ana
Sir Michael ItC Ks Beach. Chancellor ~ m" EN
Ch.quer. In the House II Commons. when IN"
resolution favorinC cooperation IN securing =
stable monetary par II cXchang" between Soid
and silver was passed Tn Chancellor Il IN"
FXchoqucr and his colleagues sim MAINTAIN
the position then taken that m" Gov eminent
cannot alter The gold standard IN tn" nit"h
Kingdom But ;hos have In IN" interval con-
suited the Indian Government with regard 70
the opening of the Indian minis. and a rcply
has been received which. II Ia understood, ~
strongly adverse To the proposal owing - IN"
difficulties raised in India and the opposition In
unable 10 give an Immediate undertaking 10 re-
open the Indian minis hut they apparently are
not in disposed TO enter into further negotiations
and il is expected that. as the outcom" or To-
days Cabinet Council. the United states CON
mis- sioncrs will shortly have another interNlc"
with Sir Michael Hicks Beach. and That dip.o-
matte communications upon IN" question VIII
| he continued with the foreign Powers NOR" I'm .
mediatoly conc rrncd in tho rehabilitation or
| silver.
In spite II the above however. II is generally
believed that the Government has fully decided
to say no 70 the proposals presented 10y Mr..
WOlCOtt
MIR Stevenson left London yesterday for
| Rome
| In addition to discussing the silver question.
| Il is stood that the cabinet Ministers We're
| occupied in celebrating upon the Anglo-ffehch
| situation in West Africa ana in reviewing IN"
| Cr"tan arr lngementS.