Show 0 ENGLAND AND bimetallism according Acco iding to the new york times an international monetary system based on silver as well as gold to provide for the expanding credit of the world due to war exigencies gen cies is under consideration by the treasury in conjunction with allied and neutral governments if the scheme is worked out along the line now being discussed gold and silver would be put upon a ratio of coinage together fo forming the basis upon the paper money of the united states and of the allied and neutral countries would be issued bimetallism bimetallist li in other words would be restored in the money standard of the nations the plan was taken up at a conf conference arence last week attended by secretary of the treasury mcadoo prominent bankers and several members of congress at the conference a proposal to fix an advanced price for silver of 1 an ounce instead of the recently established price of 86 cents an if the double ounce was touched upon standard is established it is regarded as likely that the enhanced price of silver will be agreed upon for american coinage the scarcity of gold which forms the in the united coinage basis of currency states and great britain was advanced at argument for the conference as an impelling establishing a monetary bi system senator of colorado a member of the senate committee on banking and currency quoted A J balfour as sa saying ying while in this country last summer that bimetallism eventually would have to be estaba established dished among 1 dg the nations of the world to maintain the equilibrium of international finance mr balfour according to senator strongly favored the immediate consideration by the united states great britain france and the other allies together with with the neutral nations of an international bi monetary system senator said he gathered the impression that the british foreign minister was convinced that only by putting gold and silver together as the basis of exchange could international credits be maintained senator offered a resolution last week in the Senate calling upon the president to appoint a commission of three from each of the acied nations and each neutral to confer at once on the feasibility of establishing bimetallism |