The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-12-09
SILVER QUESTION UP.
The Whole World Is Discussing
the Coinage Problem.
FRUITLEss TALK At BRUSSELS.
The English Farmers' Cengssss-Spresd
OF Antf-semitism In Germany-Ths
Trench Ministry's Policy.

LONDON, Dec. Sat q meeting of the
institute of bankers here Leslie Probyn
propounded . scheme for the intro
duction of the gold standard into
India without reducing the silver
currency or adding largely to the
gold reserve already held. AS the
scheme involved empowering the govern.
ment to reduce the redundant silver by
purchase if necessary, it was adversely
criticised. There is a feeling here
against any move being made until
it is known what America is going to
do. An immense number of orders to sell
rupee paper have been received, mainly
from the continent. Advices from Mel
bourne show that a sharp decline has oc-
Cured there in the price of silver mine
shares. Right Hon. Henry Chaplin in
tends to make a motion in the commons
declaring in favor of b~i-metallism.
Ell PAso, Tex, Dec. 8.-The Southwest
silver convention today adopted a resolu-
ton providing for the organization of the
Pan-American Bimetallic Association,
and elected A. c.. Frick, of Colo
RADIO, president. A secretary. treasurer
and a vice president from each state repre-
sented. and an executive committee was
also elected. The secretary was instructed
to send a copy of the resolutions
adopted to Senators Teller, Stewart
and Sherman, Congressman Bland
and Catchings. and President Har-
rison and President-elect Cleveland.
As some of the resolutions and the pre-
amble are particularly caustic. the evident
spirit of the meeting was that Senator
Sherman and the p~resident-elect should
Ey,nw tho ho$~n1 ko--@ %I>~r - ~ .I---
men as represented In the convention.
This was especially so as to Sherman. The
meeting closed with a grand entertain
ment tonight by the McGinty Club.
BRUSSELS, Dec. Sin reply to an invita-
ton extended to him by the majority of
the conference, Prof. Andrews made an
address, in which he said he hoped
the idea that America was bent
upon only increasing the national
wealth and was merely acting
as a servile creature of the mine owners
would forever be dismissed as being
equally as absurd as the idea that Amer
lean interest is mainly due to the distress
affecting the American monetary system.
Continuing, the professor said:
We have not and are not at present likely to
have a dollar in silver beyond our needs in the
w HoFS Az ANSo VA OAiC
ing favors from the people of Europe. What
We desire is as much to European interests
as to ours. We wish to multiply our trade with
the world. This can never be successfully &C.
complished as long as two great groups of
nations continue to drift apart. We
will not forever continue alone
the task of sustaining the price OF
silver. Ii Europe is not enough interested in
the matter TO cooperate with us, we will soon
decrease our annual purchases of silver and
begin to provide for recruiting our currency by
the issue of paper. The next congress is nearly
certain to open procedure in that direction.
We will not give up our gold.
Referring to the tariff. the professor said
it was obvious there was no surer way to
lower the American tariff than for Europe
and the United States to agree upon a
policy favorable to silver as money. That
alone, he declared, would abate the inces-
SAINT conflict for gold, and leave US free to
expect q generous reduction in the Gus
toms tariff.
Immediately after the opening today,
Allard, one of the Belgian delegates, SUBJ
mitted a plan for an international agree