| Show OUR MONETARY C commission Z OFFICIAL REPORT REGARDING bimetallic PROPOSALS why the negotiations fell through have already been told correspondence spon dence on the subject washington nov 16 the official to ic port of 0 the in regail to the him bimetallic proposals of 0 the united states monetary commission to the government of 0 great Elt aln together iab alth tile the report of 0 proceedings at tile the conference 0 t the dalti h Pre premier nater the secretary of 0 state the first lord of 0 the treasury and the chancellor of the exchequer with tho the fience embassy dor and our commissioners ills has reached this country it fully confirms the reports cabled to the associated press october list and and 2nd the negotiations tell fell through notwithstanding the expressed willingness of 0 the french government to lo open its mints r ili cam onlee ing to the rejection by the british t government of 0 the to again open the die indian mints mint to tile the tree free coinage of 0 silver none of 0 the other e r prop propositions 0 at lions nere replied to t because one of 0 the most impel tint tant concessions requested of 0 great britain could not be acceded to great gillain Gil Bilt tain aln in making h her answer referred to the tha wishes of the 0 government ol 01 int ot of india to mil illch tell the proposal I 1 was referred and the reply of 0 the government of 0 india therefore Is the roost most important communication lit in the correspondence it Is a lengthy document in which the advantages pio pica and con to india are argued and a very strung strum case front their standpoint is made out lit in tavor favor of 0 tile lie rejection lec ejection lican la 0 iha proposal sa the disturbance ot values in india with tile attendant paralysis of trade at least temporarily the fall all ot lit silver prices in india concurrently with the increase ot of gold prices in europe cant and america alie aie advanced but the most potent reason urged against the proposition 1 li 13 3 that the burden of 0 failure allure if K 1 failure should come dom the experiment I 1 for foe tho the le ie establishment of hl bl sm by france and the united states stales inevitably foil fall on india cioth the culled states stales and france the I 1 kreply reply argues with their aln lr gold could to a greater or less extent protect if the did not succeed in other voids the indian government ern ment ns as a preliminary proposition declared it could not ilsk the success of the measure thin thid definite and absolute abio lute rejection ot of the proposal wits was further set firth ly by tile the cabinet re platts ot of the con cone e spon dence but tile the document contains it ft reservation which would woud seem to indicate that it tile tha scope of 0 the proposed proposal I 1 elc ailment nas as broadened india might be at least to reconsider her refusal that in lord ligins letter letor is as follows V we e note that tile hie proposals of the of prance france and the vatter lilies laid aio subject to tin lite that they ore are that they mill recha distance al bioni other powers increasing the de deviants viands to for r aliver we vc that a inc increase case of cc the of ellve L er uca Us ay culleney cui cul rency reney m will all er arc ti it ry ey billing influence if any in dehing tin ilk gold price of sil 11 ov final that the wily ii tance front u tiler pocas can he be of any real aello cilie would be tile the add addition ion of it les to tile bi union f rf ff f prance frolics one and the united states if however assurances rances of 0 a realia but bub stan stantini tint co should be so ae cured front from other count arks ue e shall be blad to nam the chat grature of the and uc ite ahall then consider 1 whether y the operation cooperation co I 1 cli i anees n g 1 ll 11 problem 1 I 1 ie n 0 or r adds ada materially y t to 0 the t h e c chances h p n c e t of f s u ece |
