New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-11-01


rxoIANDs COMMERCIAL rRhsIi'h'
fry CABLE TO THE rRibUSe1
COpvrioh&; 1886, North An'srsca" Cao's "'N' W.
,nov Oo. 31.-Dr. Otto Arendt. leader Oh 'ao
.,ver marty in the German farhameh' w. Ifro
par,p Yesterday after delivering an aau,e''
Az. German Athenaum Club here Oh '"e .d
nosition OF the currency question 'n ..r,srenoe
England DIR. Arendt came mere "'.o ,ho outlook
It, the German Gov rnment to ascertain ' ~ ~.
- C,rrepov Commission appointed by the pres,,'
s,;;s,rv which holds its first session IN ten uays' "
oives the following statement OF his views
No not cxpect a positive policy from Germany %o CT
merely policy OF waiting ueiinan$$ syer and will
pt sell snv more silver in future. we nave 9u..t
400 600 600 marks of silver III circuauon' s,m5
900 o1 doG goo 600 marks sterng must sold
Nether the Government nor Parhament wou.u @ t uo".
sent TO this On the other hann, Of silver as
iong "a England keeps the gold Ftahoaru. nmo
German bimetallists have endeavorea 10 ann tbe
n b;me allie union between Germany la" Saaror. a.
a,,,a, States without England, but these enucroI'
bave NOT succeeded owing TO the p0s.on Vi VI. ho,oi
ernment and OF public telling nd not belp England
The United States Germany and France wou,u d oeaS
Enolana in commerce with SILVER conn,iaes , Eost
snc! s, nnnrca and Central Africa belong TO the
noton that has COURAGE to solve 'he sI,o, ,ho
ton: whoever commands 'neSo ma" W
commerce of the future. -.oo+
co,,",e German am deeply grieved that our great
caroan Cbancellor Prince Bismarck did not peIceso
fhat the currency question was a me,1s W 80 i cnr
aaamerc;al supremacy of England. Dy mtklhs WI 4.
,nanv leci.ion on the currency quest on uepehu'is
upon England Germany has iosr @ her e u hat silver will
be rehabilitated without her ana ,hat M MrhVel Nv NJ
become more deprecated. In the former at caso ,ha
on,nerce will be seriously injured In the iai'e. uo %
IN b.come ocnte and tho result will 6e that enc
herseli will have TO solve the qlesuon' :. I.Lnr
me that the pracc ii question today Is my siny Pres
E LIZ ~, or America carries ont biineta.m ies, s
an. Tioye,ano. like Prince Bismarck is unable 10
nerceiye that silver is the Acbiles necl VI here
TO permanently maintain a Stays Ss Iuo For FINLAND
;,npossible even in the Cniteo States. Ioi i In
ad Emrone however, the suspension oil inc onu o I
Is already the smaller danger 'he oponS ps,o, ot the
smanca9 muts the greater The snspeIs'on M M W 'llo
Rlaud b,ll would force Europe to ADOPT IT,
and II is on this account that recommend ~
tro onernv of the American mints without ,.
az IRE Tn"oe would make the United States the hIst
commercial nation In the world -. ~ aosoordan+s
The fear of SILVER is so silly that our i" -
,;u no, understand IT. The production OF slNe' 70
MOI too large but small The deprcc,a.']nns nss, oi
silver is artificial in July 1s16 ssSr sS bsspened wap aU
IN DeGGo o Of REPRESENTATIVES in Washineton had
adnoed The free coinage OF silver The dec'slcn was
sutcient to do away WIN lhe Pan be sutfc;ent
so'dav In 1876 the Senate rejected ani5 n5
hill the Bland bill was adopted ins!rn' ,a' 'au onu
iI,'or tel tor oulv free and unlimited coinage can an
s ,h yyalne of the precious metals. FROM u'e
n,oment that the United States adopts he.nre ne ore
tSe control OF trade with the Eas wiz no % ove, 10 oia
Londou silver viii tnen come !" "e Lhno excnance-and
II iondon wants silver II VIII have to pay spron'"'"
for II as 1t did previors TO 1870 ~, .,vsr from the
p,1ni, Is over ii yer will he more wanted nam en,
cause in large aud important couhre :, ' ., 'wentv
mon"y. But what VII yrIrD Pi pm ~ ei5 800 600 are
nve mi lion pounds avail OF whlch ~, ., Tho
w,nted for Asia and in the arts oee'c my n a,nd
TnteT states adopts Tree conase Instead OF me e. sn s m
mi The coinage OF silver VIII ratheT w w sa
crease for when silver depreciation mas "sr III i6e
nk- snoss evrry @%"% E%"I1' as it doe. now
,co,naoe OF rol which unfortunately has become @ 50
very rare. The renabtit ton OF 81 sver & Is % m nor depre
OF fact masses OF silver are ~. u'I
,d a. A.. manic i'm the Exchsnec cts on y
fha compar ivey small lots which come i"r tnnchnt
So millions OF silver money ana vi Toare.
pIate sti have their Old value. old in",ei spd
tore the ,r,ce Would produce disturbance than
,n aynx Of any value OF silver IL WOMB. ,o u,n
sTance he absurl acceIt and TINS preelr1 1 on
"nnoi"tment Of the English Currency Comm on
inne sntced TO considerably raise the price "
ennmlG Enrope and America decide upon M au
r,tions would suffice TO make silver % pence
per "uncS. tho commercial prestige of En- land been
NeVfr .tsn, nss tnan now when wori Is afraid 10
10 the necessary currency reform III manu- VII tnou
her cooperation. and rather enuues d ,aks adyon.
,ag~ oi the favorable INSTANCES se s s.i
ter the situation she % Par IL see m.
,ant II, az ch ,nge IN Ber or Washnstoh. D"' ~ n -,
r % ,lnI N n apds ana perceves that she mas u
defend India not only IN Atghanlsah put nI uso m s,
81 pa,,,"r Gentleman who Ia equal to THIS great vas.
and wno 1t is TO be hoped, WIN y, ren,T nrr
his country the ,ro,,nsl Immense n"a most prcpitou
!ronnmlc reform. Practical states c'h 10y u" ~
longer dispnte whether silver IS TO ne enre thf
not II nus be done, for the w"r" cahl.' d oa,no
,yer-yarying relations OF precious ne.', 40 o ,nsan
di.pen-e with SILVER the iess as snis s' . ~ The on
oneston today who IL 10 be me ne 90 1oumou slan
Who will show the world how to nak' ,t ,ne an hnt IL
mr. Prince Il snarck would nave beel lha' @ iln uu' y
rss pot done IT, VIII America rise above Europe,
viii England on the last moment save the marTe.s ,n
,bc East for herself and for Europe py 'Ho "uoP'
I'M l