Assheton Cross to John Welsh, June 11, 1878
Mr. Cross to Mr. Welsh.
Sir: I have the honor to acquaint you that Her Majesty’s Government have given their careful consideration to the invitation contained in your note of the 2d of April last, for their participation in an international congress for the purpose of adopting a common system of bi-metallic currency. I have now to state that while Her Majesty’s Government are unable to hold out the slightest prospect that England will depart from the policy in respect to currency questions which she has pursued for sixty years, nevertheless in other parts of Her Majesty’s dominions other systems prevail.
In view of this circumstance, Her Majesty’s Government are quite willing to attend a conference called by the United States Government to consider freely, in all its bearings, the subject of the standard of currency used in various countries, and the relations which exist or can be established between them.
I have, therefore, the honor to state that Her Majesty’s Government would be glad to learn from you whether the terms of the invitation of the United States Government could be modified, so as to enable Her Majesty’s Government to accept it without departing from the view I have indicated.
I have, &c.,