The struggle to remonetise silver is still advancing. Every telegram
from the Union announces that the fight for the Presidency will rage around this pivot, and associations are being formed all over America to urge that silver be legal tender to any amount at the ratio of 16 to 1. The German Reichstag has already passed a similar resolution, though without fixing the ratio ; and on Tuesday the Lower House of Prussia called for an international conference, "with the final object of securing international Bimetallism with the assistance of England." The vote showed a majority in favour of the proposal of 187 to 92,—more than two to one. It is improbable that England will accede to another silver conference, and quite certain that if its object is prearranged in this way, she will reject the proposal. Any agree- ment binding all the world to act together on this or any other commercial matter would be sure to excite suspicion and irritation in the City, and Sir William Harconrt, in his City speech of Wednesday, called it most " dangerous " for the Government to hold out to any foreign Power that it would even "encourage" any policy of the kind.
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