Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-11
MONEY AND STOCKS.
The Silver Question and Agitation
the Influential Factors.
a BEARlSH BANK STATEMENT.
Course Of Local securities, Gossip, and
Final Quotations
ALL THE LATEST FINANCIAL NEWS

SATURDAY, Dec TO-
Money has ruled seasonably snug all
around this week, with something akin to
Etringency prevalent in Boston. The general
situation has not been such as to cause any
alarm, however, and many good authorities
have expressed the conviction that the
worst is behind U.S. The silver question
has attracted more attention than any other,
and the actions of the Brussels conference,
and speculation as to the probable action Of
Congress, have been the dominating
factors in all circles In review
ing the monetary conference, and
the effect of its failure to accomplish any
thing, as well as its influence on money
and stocks, Henry Clews s. Co say: Few
Wall street men, perhaps, have expected
that anything really important would re-
suit from the International Conference, ex-
cept demonstration that no sound inter
national settlement of the problem could be
hoped for out of such a conflict of interested
opinion, Such a failure would OF course be
q misfortune of the deepest Importance; but
there is no disposition to regard the nlteo
States as likely to be the most seriously sur
fering party in that event. To us, the final
abandonment of the hope, Tor pro
lOnged time at least, of establishing inter-
narlOn6l Dl-lneC eC1lllSm WOulN Inedn JudJ we
must but stop the addition of silver coin or
silver notes to our currency system, II not
that we must also get rid Qf portion OF
our silver money-that, in short, we must
commence TO take steps in the direction of
becoming a gold standard nation. That
does not strike anybody except few ultra
silver men, as a very serious misfortune. 1t
might do so Il there were any serious doubt
about our being able to conform our cur
rency arrangements to such a necessity with
comparative ease But, rightly or wrongly,
not one financier in ten has any doubt
about our stock of geld sufficing TO keep our
present holdings of silver money from de-
probation in its home use. We are q larger
and richer nation than France, but our
stock of silver is far from equaling the
French stock France, however. has exper-
fenced no change in tine current value of her
silver and is not likely to do so even if sill
yer should fall still lower; why should the
United States be less secure in this matter
than France? Nor is there anything to be
apprehended from the popular bugaboo of
scarcity of money! in the case of our
abandoning silver for any required substi-
tute for the gradual increase in the
volume of the currency that is now pro-
videu through silver could be,.with entire
safety, provided by relaxing some of the
restraints upon the Issue of national bank
notes. The assuring feature In this prob
lem is that within late months opinion, both
public and legislative, has undergone such
81 thorough change that there would be lit
tie difficulty in securing the enactment of
these protective measures Within the first
week Of the sitting of Congress, one bill has
been introduced in the Senate and another
in the House providing Tor the early and
complete abandonment of our past silver
policy, aud the silver faction now finds
lential exponents at Washington.