The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-08-08

Mr.. Noroton Proven Is one OF the most con-
apicuous advocates OF Bimetallism in Europe
He arrived in this country a day or two since
and reporter Of The Sun was sent to obtain
his Vows respecting certain questions con-
nectsd with the free coinage Of silver. Tho
interview was as follows:
Oh free coinage act should pass next sos
sion. should We be in danger OF coming down
to silver currency In this coun,ry2 should
We. that 10. lore our gold?
M. Frewen-Why should you?
Dwell. II We exchanged gold for silver at
ratio Of to 49, would not the great stocks OF
silver In Europe be sent hero to be exchang ed
for gold. until all our gold had gone abroad
Mr.. Frswen-That l notice is the view
adopted By Senator Sherman and others. but
1cannot SEQ ANY warrant for It Twelve years
ago thsaoes OF silver here used to declare that
the limited coinage under tho Bland bill would
expel sold TO Europe: but. far from It. you
have continued ever since to draw gold from
entire .4,mestic product Of that metai.
N.-Isit then. your ylsw that an offer OF 1873
cen,s tsr ounce TOR silver will not bring that
,Mr: Ilew.n-W BY should it? There is no
highe. ratio Ito 1871 is not going to be
melted TX for such . nnrrose: .,
melt up live franc pieces ami deIuge usr
- Mr.. trSwen-iou forget, perhaps. that the
French Goysrnmsnt ns recently as Decembrt.
ounce for sixty million dollars worth Of those
same nys.irano pieces. and. this being SO. why
-Lou d France now wish to sell silver to this
county AZ i2g cents per ounce?
y What offer do YOU rs or to?
MI. Ei ,n year, io1v; concluded TIC
its eo1d a s,ips each country ,orming mat union
y.us II It. s0 COIN. a. it, sss
current In any OF the other sigma DRY couu-
trieA There WAS at that time. and still is.
d. liars OF Italian. Belgian. swiss. md Greek
silver CIRCULATING In france. md yet France.
s syPs s inn % su ns ss gold TO
mis- MAS q gold in exchange for coined
r. @ n wou ns ensb. any , tas
eeixn county 70 exchange silver Tor your gold.
any man ~ bring silver to your minis and hive
done So he taxes those dol ars 10 bar I hero
million francs at the Bank Of Franc. to.da,.
yo% dpa% st SS tn. bank nn Sred
to II s!d but II fE nder five
was melted up and sent her. was then coined
sSia hs wsuia (uss VIE Aown to wa'I .ireet
siinres again In LONDON Tor, GOLD, II nw nG gold
INSTITUTION IN the WOrlu Wnl n ODllg9a lf6elf TO
pay gold On demand Free coinage here might
cause a run for gold on the Bank Of England.
not on your banks here.
Q;.-So that you disbslieve in this theory OF
melting up Europesn silver. and yon hold that
cope gpsn the Bank Of England gold reserve,
case, no silfer could b" melted up in Enrore
without fresh legislation. N OF even In Germany
without supplies being voted by the Rechstsg
for thu ptlr pose a'd you here PASS a tres
coinnge measure you ran insert II provision
ihai. IL the event Of changes Of standard and
the melting up OF Legal lender coin by fnIei n
nations; YOUR coinar" OF silver hero should be
Y1But We have been losing a great dcal OF
gold lately To Europn?
Mr.. FreWen--l es. indeed and Won can prob
ably AFFORD. oil things ,oneiicrcd. to lose a IT.
t!e more: your wheat and cotton EFFORTS arc
likely TO- bring IL home n:uin this tall: q i
meanwhile 1t has had the effect of raising
produce prices In Europe and thereby stimu-
latlrg your export trade.
OH It yonr view that free coinaG' "a do
sirabIe n this country from m economic
Mr.. rewsn.I should be sorry t. see it. b.
.tsSy Snten o. al ~ ,hs lss!rg p.Sns With
TIN high price Tor silver here means high
prices for wheat and cotton: u, on tho
other baud. the price Of silver falls, tho OK
porte OF agricultural produce 10 Europe from
silvAr-usine Asia are stimulated at the OK
psn-s OF the American farmer In desiring
70 see the price Of silver higher the Farmers
Alliance Dairy is very well advised.