Morning journal and courier., 1886-01-20
News by Telegraph FROM ALL QUARTERS. THE COINAGE OF SILVER. Europe Waiting For Amer
 ica's Action. VIEWS OF SENATOR TELLER. Russia To Invade The Ball.
 kanS. MISS KATE BAYARD BURIED. Railroad Nagnates Want
 A Truce.
MISS KATE B&YARD BURIED
THE COINAGE OF SILVER,
European Bankers And Financiers
 Watching the Course of the Problem

European Bankers And Ftnanciers Watching the Course of the Problem Now Before Congress.
 LONDON, Jan. 19.-ihe Boston Globes
 representative has eabled tonight as follows: Your correspondent has conversed with $ i1t1tnbet of City bankers and financial people in the city within few days past for the pur- pose of getting at the general sentiment as to how the silver legislation in America is like ly to affect the money systems of the world.
 Perhaps the average view may be
 best expressed by the following su1n-
 mary of the statements made
 by an influential banker in response
 to the question what he thought of the argu-
 ments put forth by the silver men in Con-
 gress "We do not care rap for their
 guments," he saia; ''bttt we do care eonsid-
 erably what they do. Their arguments afe
 worth just as much as those of merchant
 trying to dispose of his wares. They have
 got silver to sell and they are
 trying to force it into use
 as money. Right or wrong, their
 arguments ate interested and therefore val
 ueless from scientific view. As say, w5
 are interested only in what they finally do.
 If America adopts unlimited silver coinage,
 of course all the gold will come over here.
 The effect will be to slightly cheapen gold
 and raise prices, but GO not anticipate any serious disturbance of values from that
 
 tries bi-metallism, she will simply be playing into our hands. She will be doing unpleasant work for us. It is a convenience for gold standard nation to have some other nation offer to absorb silver end try to keep it at @ fixed ratio with gold. It steadies values, but at the expense of the nation trying for it. For this reason, Bis marck, while insisting on gold alone for Germany, has always supported the Latin union by which France an Bel gium have carried the silver load for him. should not be surprised if he were secretly lending his in fuence in aid of the bi metallic standard in America. But the really important question to us is whether the United States will try to pay their bonds in silver. We do not, however, entertain much fear of such repudi- ation."
 ''Then you do not admit that the word e0in ..nS ms"ns 1 either gold oF si piled the banker. i've did not so understand it when we took the bonds. Of course, if they offer us silver we will take it; but in that case the next time they want to borrow they will have to put the word 'gold' | in the bonds and will have to pay higher 1 interest too" |
 The foregoing is a fair example of the pre- vailing sentiment on this question. I have | that the recent slight fall in Uni | ted States bonds was occasioned by singu- l lar misunderstanding of what had occurred | in Congress. l have had access to the orig | lnal cablegram received by financial agen- l cy, the posting of which caused the furry. | It reads:
 Resolution Senate pay bonds silver"
 This was carelessly interpreted as meaning | that the Senate had passed such 0 resolution. In other words that one-half of Congre had | voted to pay the bonds in silver. The effect | was only temporary, and since it has come to 1e understood that it was resolution merely | offered for debate and that if anything is lone at all it will be at some remote day and when the securities have returned to former quotations.