Show S BALFOUJtS nEWS S Ho is Opposed to a Sinle Gold StandardS Standard-S LONDON Aug SA meeting was held today at the official residence of the lord mayor to consider the financial and business busi-ness situation presided over by the lord mayor The gathering was very largely attended Among those present were Right Hon A J Balfour Right Hon Henry Choplin formerly presidentjof the board of agriculture Right Hon Sir John Lubbeck of the firm of Roberts Lubbeck and company bankers Hon S h4 Thomas F Bayard the American ambassador ambas-sador to Great Britain Dan A Horton and most of the leading bankers of London Lon-don Balfour made an address and disclaimed pottical motives and alluded to the anxiety felt throughout the business busi-ness world connected with the cnr Icy changes of India and the action that might be taken by the United States government A gold standard Bclfour declared would never satisfy the commercial wants while a double standard stand-ard alone would prevent the dangerous oscillations in trade He condemned the isolated acton on the part of individual states and recommended an internationalS international-S agreement fixing the ratio of value between be-tween gold and silver In the course of his address Balfour denied de-nied that the advocates of bimetallism S aimed at an inflation of currency This might be true he said of some bimetallists bi-metallists connected with the western states of America but it did not apply t the bimetallists of Europe who believe the adoption of bimetallism would prove the safest commercial policy in the event of a European war The double standard stand-ard would according to Balfourbe found very advantageous The meeting adopted I S u vote of thanks to Balfour for the address I ad-dress |