The Superior times. [volume] (Superior, Wis.) 1870-1912, 1897-11-20
INDIA MADE OBJECTION.
interesting Report Relative to the
Bimetailic Commission ana
IrS Failure.

Washington, u. c., Nov. 1G.-The Of
fetal report of the correspondence in re-
gard TO the himetalIic proposals of the
United States Monetary commission to
the government of Great Britain. to-
gether with the report of the proceedings
at the conference of the British premier.
the secretary Of state for India. the first
lord of the treasury and the chancellor of
the eXchequer, with the French ambas-
sadOr and our commissioners has
reached this country. 1t fully confirms
the reports cabled to the Associated press
on October u and 2222
The negotiations fcll through, notwith-
standing the expressed Willingness of the
French government to open its mintS,
owing to the rejection by the British
government of the proposition to again
cpen the Indian mints to the free coinage
OF SILVER. None OF the other propositions
were replied to because one of the most
important concessions requested of
Great Britain could not hc acccded to.
1he government of Great Britain. in
making her answer, deferred to the
wishes of the government of India. 10
Whlch the proposition was referred. and
the reply OF the government of India,
therefore, Is the most important commu-
hlcatlDn IN the correspondence 1t is a
lengthy document in which the advan-
ta&es pro and con to India are argued.
ana very strong case. from their stand
point, Is made out in favor of the rciec-
ton of the proposal
The disturbance of values in India
with the attendant paralysis of trade at
least temporarily, the fall of silver prices
IN India, concurrcntly with the increase
OF gold prices i'll Europe and America.
etc, are advanced, but the most potent
reason urged against the propOsitiou is
Of f.iIl,
should come from the experiment for the
rc-eStabllShment of hmctallism hy
France and the United States. must in
cVltahly fall on India. Both the United
states and France. the reply argues. with
their supply of gold could to a greater or
less extent protect themselves if the cx-
pertinent did not succeed.
In other words, the Indian government.
as Il preliminary proposition, declared
that 1t could not risk the success of the
suggested measures This definite and
absolute rejection of the proposal was
FULLY set forth in the cable reports of the
correspondence. but the document con
talnS reservation which would seem to
indicate that If the scope of the proposed
experiment Wer" sufficiently brOadencd
India might be willing. at least TO recon
SIder her refusal. That paragraph in
Lord EIgIn letter is as follows:
We note that the proposals of the gov
crnmcntS of France and the United States
are. subject to the proviSo that they are
satisfied that they viii receive assistance
from other powers III increasing the de-
mandS for silver. We believe that linn
tied increase Of the quantity of silver used
rs currency will exercise a very trifling
influence, if any. in raising the gold price
of silver, and that the only assistance
from o. her powers which can hc of any
real value would lie the addition of other
countries TO the bimctallic union Of France
and til" nited States. If. however. as
suranccS of really substantial cooperation
should be secured from other countries
we shall be glad to learn the exact nature
of the ASSURANCES. and we shall then con-
sider whether the promised cooperation
changes the conditions of the problem. or
adds materiallY tn tho chanrnS of SuccrSS"