The daily gazette., 1879-08-05

BISMARCK AND THE GERMAN EDI-
TORS ON THE SILVER QUESTION:
Hon. Wm.. d. Kelly is now in Europe.
He has had a conference. with Prince
Bismarck and some Of the German edi-
tors and several German statesmen. A
letter from the Philadelphia Congress
man vas published in the Times yester-
day, in which he makes known the re-
ceptlon he received by these foreign gen
tlemen, legislators and statesmen. He
says he found that the epithet "Pig
Iron" was there an Endorsement TO his
favor as q protectionist, Of which he
might have felt some emotions Of plea
sure. His main object seemed to be to |
inquire as to the status of silver as a |
money metal. He found an entire
change in this matter.
"Herr Won Dechend, president Of the
"Reighs-B Bank, by whom the sales OF
"silver had been conducted, had recent
"ly reported that the sales already
"made had caused loss to the govern
"ment of 1O0,00O,0O0 marks ($25, ,0OO,-
"OOO), and that he shrunk from contem-
"piating the loss continuance of such
"sales would involve" And so the sale
ofsilver had been ordered to be stopped.
Judge Kelly says he had conference
with Bismarck. We quote
81 suggested that our government wa.
about TO invite Germany, France, Eng
land and. other nations TO meet in join
convention for the purpose of determin
ing the relative value of gold and silve
and providing for the general recognition
of silver IS money metal. With a
expression of mingled surprise and graf
fication he quickly asked: sis the mea
sure definitely determined?" l reptile
afirmatively, saying that l had my il
formation from President Hayes an
our Minister of Foreign Affairs, M
Evarts, and that Congress had appropr
ated 12O, 900 marks with which to defra
the expenses Of our commissioner
Turning to Minister White with 9
earnestness of manner which caused n
to think he would be pleased if the r
mark should be transmitted to Washin
ton, he said: That proposition will IL
neeQ pTOJTaCJeu COuslutfdLiOns lLo q
ceptance will be immediate.
Moving toward the door by which v
had entered the garden my steps we
arrested by the question from BismarC
"What will you probably do if the &C
ernments you address do not respo
faverably?" y.
Speaking for myself, l said: 81 no
that England and other manufacture
and commercial nations will reject c
proposal. It is mistake to suppose IL
we alone in that event use silver as
standard of payment. We would hi
most of the people of the world with
China, Japan, British India, Mexico a
Central and South America all use
yer, and in few years we would mol
police their trade. They could not S
their raw materials to or purchase tn
manufactured goods from people "
used o much more costly metal a!
standard of payment. We would hi
nine-tenths Of the people of the world
our customers, as the gold-using nati'
include but about One-tenth, and ?
fer that my country should be at
head of the non-manufacturing peo
rather than at the tail of the small grt
of gold-using nations, with whose che
er labOrs We would have To comp
even in our own market. That tr
between countries who respectively
gold, or silver as the standard of 7
ment will be impossible is proven by
fact that even now, when the worl
demonetiZation has but been CONNIE