, 1879-08-04
FOREIGN.
Pig-lron Kelley Has a Long
Talk with Prince Bis
marck.
The Great Chancellor Utterly
Sick Of the Cold
Bugs.
He Admits TINT the Demoneti-
cation of Silver Was
q Blunder.
No More Silver Will Be Sold,
and Germany Is With
America.
The Statue Of ex.President Theirs Un-
seiled ut Fancy, France,
Yesterday.
A Soupcon Of Politics Mixed
, in to Flavor the Oc.
casion.
Lord Chelmsford Permitted
to Return to En-
gland.
A Soupcon Of Politics Mixed
in to Flavor the Oc-
casion.
Lord Chelmsford Permitted
to Return to En-
gland.


L1Sn4Ahc1As
He CoNvERsEs rnnELY WITH r1d-lnoN KRLLRy.
dyectai Dlspatch to The 7Fibhns.
PHILADELPHIA, Aug, 3.-The 1fnes to.mor-
row will publish letter from ". D. Kc1!ey,
telling Of IN interv!ew which lAo had Will, Pslnco
Bismarck at Der'ln, which is Of Importance In
ytow Of crrront discussions OF the silver qucs.
tion, rs showing the position Of the Gcrmnn
Government moro clearly than heretofore. AZ
ter tulk Oh Protection 70. Free Trade, Kelley,
who was accompanied by United States Mlnisler
Whtc, turucd tho conversation towartls silver.
Dls1nasck said:
"Thauks to your tariff, your national progress
Is unparalleled. You eau compete In 1uauutac-
tuses with England In many markets; and by
mcnus Of your ingenious Machtnery aud cheap
transportation, can send food oven Into Ger
many"
Mr. Kelley says, "Rcro I found my oppor:
tun,ty, and entd: 81
"sThat Is true. but many Of us bolfeve that By
Ioun DENOMINATION or sILvEn
sou havcarrastc1' our progress, and, BY re-
strictLng cur trade, hayo driven bankrupt
traders and unemployed artisans TO agricultural
pursuits, ind By thus reducing prices have In
creased the competition with which You hayo to
contcnd.'
"The frankuess Of tho response to this ciial-
lenge seemed rs much Of q surprise to our Min
lister. who was on tho easiest posstblc terms Wilt
DIssuark. rs 1t was to ne.
"'Ycs;' said he, 'in that matter Nc have goue
fast, and
.. TOO FAR.
We have not been wisc. As each State |1ad its
own monetary system. tho Empire found many
coinnges within Its limits, u,li' must unity thcm
II also found itself In condition to use gold,
uE0 1t seemed wise to do 80. Ono man canaot
understand overy speciality, and man must select
those which they would master. lad not
1nado tinancs study. and lad to choose au
aEcnt to conduct these changes.
HERR DELpKucH
Ind great reputation Us a fluancicr, abroad and
Ut home and to lin thu matter WIS contIt1ed.
But, great as was his reputation, the results
hnvo shown TINT, as the cuuutry peoplo say he
carried only water In his kettle, which provcrb
signifies That woEktnen who cannot obsain meat
or broth carry kettle Ut water ln order to con-
ccal their poverty. 1, therefore.
HAD TO CALL OTHER couHsELons,
and make speciality Of the subject. II Is clear
that VIC did not need to abolish silver moucy,
and VIC should haso supplemented 1t by gold
coinage. The sa!c Of silver has reduced tho prico
Ut tint metal. las cost tho Empire an immc,,so
1AA1t AHA GAuA0t 4Q l0AktHuEu H}LlAuE enormous
loss, as Won Dccherd, President OF tho Rclchs.
bank, has shown, and haye, therefore, pro4ib-
lted Iurthcr salcs.
"At this point suggested that our Govern
ment was about to !nrlto Germany, France, En-
glnnd, anl other Nations to meet 10 Joint Con-
veatton for tho purpose Of determining the rola-
two values Of gold and silver, und providing for
the general recognition Of allyer ~ O mouey
metal.
WITH AN EXPRESSION OF MINGLED suapntsa
AND uRATirlcAT1os,
10 quietly asked:
~ IL tle measure definitely doterm!ned}'
! replied atlirmatiyoly, saying Tint had my H.
formation from President 1laYes aud our him
lister OF Foreign Affairs, Mr. Eyarts, and THAT
Congress had appropriated 1900 marks with
which to dcfray tha expenses Of our Commts-
sioness.
Turning to Mtntstcr White with an earnest
ness OF manner which caused mo to think he
"oula oe pleased II the renark should ha trans
mittcd to Washington, ho sad;
That proposition will not need protracted
consideration. Its
Ac0klTAhOH WILL m 1MMEptArpa
"Iho publication Of theau facts may impair
the myAtcrlous value Of future form,l tlfoln.
macy, but 10 Justified by thu freedom Of thu IN.
te1vlew. which Imposed no xostralut upon nv
PEN.
"Movlng toward the door by which we Ind
entered tbs garden, my steps mcse aErestcd by
tho question from Bismarck:
"'What will you PROBABLY do II the Govern.
mcnss you address do not respond fayorablyl,
"PrelusEng that could giro but my mr.
sonal yiuw on that question. said that I was
con1dent TINT our people would, In lesa thuu
two ycars, iMpcEatlYely dsnund full a1l up-
qualified reconciliation OF sllycs, which meas
urc ardcutiy supported.
"'But,' said be.
'CAN YoU DO TIfATf
YIN not debtors then pay in tho !caat valuable
lnetalt'"
tir. Kelley replied With citations from Amer
lean 4nu German history At length, concluding
u follows:
"Dus the recent monetary history OF Prussia
fully illustrates thu point III question. Before
tlse establishment OF tho Empire, rrusstau lava
authorized the csluaRc Of twenty autldeF pieces
VI gold, and uads them lcgal-tcndsr In conf
mon with silver, but no German paid his debt
In gold. III tile then state of trulo you fouat It
IMPOSSIBLE TO KEEP 0oLD-rlEoxs III cI4CuLA-
= T1oN,
aad ceased to coin thetu, though you did not
repeal thu law which lna4ls ttten legal-teu+ler.n
I: "'A1l that responded 13staarck, is true
aud pcsttucnt; but what effect upon your trado
will It have ii you a!ous maka the expert
luentr
"Bpcaktng for mEselt, said; u hopo TINT
Ene'a1a4 anu other nauufaeturlu. and commes-