British Quarterly Review, American Edition, Vol. LIII: January and April, 1871 — John Shaqi
British Quarterly Review, American Edition, Vol. LIII: January and April, 1871Various
History
British Quarterly Review, American Edition, Vol. LIII: January and April, 1871
Various
English periodicals
But Mr. Lowe, as will have been observed, did not confine himself to the
actual deterioration of the existing British gold circulation. His
thoughts took a wider range--'a coin which would have the advantage of
an international circulation' occurred to him as a possible thing--and,
further, that the British sovereign, reduced to an exact equation with
twenty-five francs of gold coin of France, Italy, Belgium, Switzerland,
&c., might be such a coin. The question of the desirability of an
international coinage has frequently been discussed. From some of the
remarks which have been made on Mr. Lowe's speech, it might have been
imagined to be only a recent idea. But this is far from being the case.
Much attention was drawn to the point in 1851. The difficulty then
experienced in comparing the value of the articles produced in different
countries and shown at the Great Exhibition, naturally suggested the
idea of a coinage common to all nations. The International Statistical
Congress then took the matter up at their meetings at Brussels, in 1853,
and at Paris, in 1855, and at London, in 1860. This last-named meeting
was held under the presidency of the late Prince Consort, and his
address on its opening was the last public speech delivered by him. In
it are to be found these words, which show that the importance of the
question of international coinage had not escaped the notice of the
Prince:--'The different weights, measures, and currencies, in which
different statistics are expressed, cause further difficulties and
impediments. Suggestions with regard to the removal of these have been
made at former meetings, and will, no doubt, be renewed.' Before this
meeting separated, an international commission was formed to report on
the question. Further consideration was given to it at Berlin, in 1863.
In December, 1865, the idea was put into practice. A formal convention
was entered into by France, Belgium, Italy, and Switzerland; and those
four countries established an international currency among themselves.
The French Government followed up the subject by giving official notice
of this convention, inviting this country, with many others, to send
commissioners to attend a conference 'for the purpose of deliberating
upon the best means of securing a common basis for the adoption of a
general international coinage.'
'The Conference was attended by thirty-three delegates,
representing twenty different countries, viz.:--Austria,
Baden, Bavaria, Belgium, Denmark, France, Great Britain,
Greece, Italy, Netherlands, Portugal, Prussia, Russia,
Spain, Sweden and Norway, Switzerland, Turkey, United
States, Wurtemburg.'
'The delegates were not authorized in any way to bind their
respective countries, but they voted according to their own
opinions.'
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Public-domain text, read in full here on John Shaqi.
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