, 1879-01-10

Interview with =. nnrR Horton, Secretary
of the American rnnrntsstor.
Cincinnati Csnmtrrto'. yan. a.
Mr.. 9. Dana Horton. Secretary Of tho Amcrt-
can Commission tn the Monetary Conference
held In Paris In 1915 recently returned ftom Eu-
rope, and wna In this city yesterday. 4 re-
postcr Of the Commercial called upon hin, and
untAiutd Ills Views Is to the Conference, AZ fol-
Iowa:
Question-" "l,o Jol consider shc Monetary
Conference Of ts7s fatlnrc!'
"To decide whcthrr Eiycn undertaking Ia 4
fixture Or no. Il ts ncceaturv to asccrlain what
was cxpcctrd Of II. Indeed. the further inquiry
might he n,u,.e, What had people right to cx-
peril 10 thosa who cxpec,csl FREQ coinage Of
oliver in European minis as m Immediate re-
snls of tic Conference. the Conference Will
naturally seem a failure. To those whoec
expectations were more modest the
failure viii not nssusne such proportions;
wliir to those who looked only Tor Il tlabrNtlEh
dlscussEnl. al d great question, the result u
-whel, should tcnsi moro or less to reverse tho
movement us opinion setting aRnnst silver. Atn
80 afford iirner basieAior constructing sound
national policy af'ont money In the future. the
Coptercnee will not oe regarded as failure at
V.-"How mue!, importance do you attach to
the declaration made by the Conference In favoF
Of tue maintenance Of tic iwo precious metala
a. tnnnryr'
Conference. It VIVA merely dIpl.nIattc reply
to our Vropus1tfons, rrud tU thr Conference ~
the ri rrss!on Of majority ri the Et,rupean
Stairs represented. lnasnil1c as no argument
for unitcd action cohld be rearited untirr
tho instructions Of tic l'nwfra to their rsrre-
aentattvcs. t vas Thought beat that the
maturity Sf EnropeAn States Should unite at
least Iii some formula On. which aI ct's1!l fn'l
rnmmon 0rountl. As 'iternry production the
~ ia INN
Is Of cot,rec derived frnn the force from Which
It can1c. Er,bo,iy,u9 tho concessions Of the
representatives d Countries Of tlr Eold stnntl.
ara (Enelan.!. SWEDEN. and Norway. end n
extreme pnrtlsans nf thc gold standard belgium
and Swttzerl1nd). It aenuIrcs Elenitlcnncu It
marks turn II nnt reversal Of the current OF
pabiic opnon. The ilras Monetary Conference
acIencc, anil hcncc snund policy, demands
ed tnc single gold standard. In the
srconsl Monetary Conference the sltcccs-
sors al tho gold 'mono,nctal1fsts OF 1867 matlo
concessions to SILVER. ! say hccess',rs, but In
some Instances thcaa.le persons were members
OF both Cnnferenees,-for example. SIR. Bro:fs,
OF Norway, and Mr.. Fcer 1lerzog. Of Swltzer-
land. At,bIguousl as the reply Wa, Il 'l Is
scrhea to It. Let inc ndt, by tie way. that tho
reply cnnnct he regarded a. the chief outcanc
ot tke Conference. The debates are M tmpor:
taut contribution to monctary literature, and
lca,iinv men in Etsropo with a tuitness which
,o diplomatic FORMULA could attau.h
O." Would it,: In your judgment, havo
hciuca the American Commissioners Ii they
had been gras,tud Targer powers by tho Govern
,nept,-powera to t+gottalc money treaty, or
nny.Gtug Ut that naturctn
"StnrtInr on thi, basis of the laws passed BY
Congress and the bol1ey VI the logcrntnent,
do n0t Know that We should he In materially
different position hefu7e tue representatives Of
the various Powers at the Conference. OF
course, hsti Congress- nut the country III dIf-
iurcnt attitude Interference to thu metals, the
situation uf tho Commission would have been
IttIrrgut" RI
% What In lhe drift, tp your Judgment, OF
Euloncau opinion d, lila utles,iop, especially as
regards Germany utn Epgiautl1.
"Euroncat} ti;inHtrs arc believe. comtuu to
sec mure tcatjy that the drnIonc tzailo,, OF sll.
yrr by Germ any lal tlouc harm to tic world.
Tncrc IL, howeycr.d considerable tlIycrvt nee pl
onInton ID to The ry1uc,y, SONS tlinl; tiIut the
| trnuble viii bo over when thu t;crtnou
storE of tha|rrs il nil Mold. Tho .hono
hns hccn frreiyi. ernrcs.ril in fit:rn,nny
ina. thn unitcd States viii rel!cve tho mono
mrtuIiixt marty In Efrunc ri th cmhorr.