The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-11
THE SILVER CRISIS.
Bi-Metallists at Brussels Have
Not Yet Abandoned Hope.
THE ATTITUDE OF FRANCE.
Teller Opposes Repeal OF the Sherman
Act-Not . Mine In Nevada
Making Money.

OF the international monetary conference
Tirard, of the French delegation, ex-
planned his position in regard to bi-metal-
ism. He said that under the present cir
cumstances there was no chance to substi-
tute .bi-metaiiism for mono-metallism.
There was nothing disquieting in
the position of France. Other Latin
countries could not open their minis for the
coinage of silver SO long as Great Britain.
Germany and Austria hold aloof. Each
country had the remedy in its own hands,
by increasing the coinage of silver. If
every country increased the coinage of sill
yer to 20 francs per capita, which was less
than half that of France, the total amount
of silver in circulation would be enor-
mously increased.
At today's meeting of the committee the
plans of Tietgen, Houldsworth and Aliard
We're debated, and final report to the
conference will be prepared and submitted
on Tuesday. Although the bi-metallist
delegates feel that their position is critical
they hope that the full conference will not
adjourn without adopting a resolution
recommending that the various govern
ments interested adopt temporary modus
viyandi with a view to avoiding q finan-
ciai catastrophe. The committee ad-
journed without reaching a decision on
any Of the plans.
WAsHIyGToN CRY, Dec. Ex-senator
Teller, one of the warmest champions Of
silver, is very decidedly opposed TO the re-
peal of the Sherman silver law. He looks
upon the bill introduced by Hill as
menace to the white metal. Teller con-
tinued:
l am opposed to any interference with the
sherman act. or for any repeal of that law as a
means of the further depreciation of sill
YER. OF course, the law is not what it
ought to be, and we always looked
upon 1t as temporary expediert. but
il affords some relief until something
better aud more permanent is given us. the sill
yer men would naturally be opposed to its re-
peal. The Hill bill, or any similar measure,
would depreciate silver even lower than il now
il, and increase the evil instead of remedyins IL
Teller thinks there will be no attempt at
silver legislation this session, and GER
tainly not until after the Brussels confer
ence has reached some conclusion, and
continued:
If that conference does not do anything look
ing to relief then we must do il. am hopeful,
however. that the conference will plish
something, although ii seems probable that it
will adjourn over until spring
Referring to the presidents message,
Teller said he could not understand what
the president meant by saying he could
meet the European demand for our gold
by legislation. 1--WE are a debtor nation"
observed the SENATOR land cannot dictate
terms, much less legislate to suit ourselves
in the matter"
SAN Francisco, Dec. 10.--Gov Colcord,
of Nevada, is in the city. Speaking of the
newspaper dispatch stating that nearly all
the quartz mills on the Carson river had
shut down and that there is general de.
preston in Nevada owing to the low price
of silver, the governor said that this was
all true, and continued:
i may add that we have not now a dividend.
paying silver mine in Nevada. Not one OF the
Comstock mines is paying. The Consolidated
Virginia has not paid dividend for five or six
montha 1t is taking out $4,000 or $70, 900 a
month, but the expenses are more than this.
Many mines not working at all
and there is no additional expense either
| and no holding over dividends puyposeiy The
situation is: With silver reduced to between
SIS and so cents, as ii has been lately aud is now,
they cannot work the mines at profit with low
| grade ores, of which we have many. Silver at
such price cuts both ways. We will have 20
| find higher grade ores or cease mining. l still
| have hopes that the Brussels conference will fix
such uniform ratio OF value to gold that we
l
now, but IS or 10 to would be much better than
it is. II the other countries Of the world do not
| agree to a uniform ratio, then am In favor OF
prohibiting all other silver from entering the
| United States and coming our own. This
would help US considerably. 1 think,
though Senator Stewart and some other
| silver advocates have different views. In
the absence of anything being done and silver
| remaining as ii is, the Nevada miners must turn
| their attention to agriculture, and the mining
| camps will be depopulated. There 10 no such
| thing as surprising the mines can work. All
| the mines OF Carson river are now idle except
| the Brunswick, Nevada and Morgan, and these,
| instead OF representing 32S stamps, as they
| would IL silver was only at a fair price repre-
sent actually but sixty-six stamps at work.
| State Senator Williams. of Virginia City,
| spoke on exactly the same thing and en-
| tirely corroboratory of the dispatch and
the remarks of Gov. Colcord. All Neva-
| dams here are watching the Brussels con-
| ference with keen interest.
| VIENNA, Dec. 10.-The probable failure
| of the Brussels conference has been so dis
| counted here that the failure will make no
| impression. The principal Austro-Hun.
| gary papers ridicule the prophecies of terri.
| BILE consequences, contending that any such
| action as was foreshadowed in President
| Harrison's message would be a breach of
I faith towards creditors which the public
| opinion of America will not permit.
! Neither the Democrats nor Republicans. it
| is said dare repeal the Window act and
| thus cause an unparalleled commercial
/ crisis. In the meantime the removal
! Of the hope OF an international agreement
/ for many years 10 come will exercise a
healthy influence in checking the OUTPUT
! Of silver, and the price of silver Will grad
| ually find It's level without harming any,
| body except the American silver kings.
| Practical experience in the transformation
| OF silver currency TO gold currency has re-
| suited IN converting passionate bi-metai-
| lists TO the view that q rehabilitation of
! silver would fail 10 remove the causes of
| agricultural depression.
| DYNAMITE FIENDs IN LONDON.
| Friends of Anarchist Francois Plot