Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-03-26

What They say 81 the silvse Dass1ssiens I
America

/ What xhey Say se the siavsr Dassusslens h
| America
i The discussion in tho American Cougress Of
the silver question has attracted much asten.
tion in Germany. Tho newspapers nearly all
agree in the belief that free coinage Of silver
would be bad thing for the United States
Believing that the views Of leading German
ananciers would be of interest TO Americans at
this juncture, the Berlin correspondent Of the
Associated Press has interviewed prominent
bankers and statesmen with the following ~.
4 suits:
DR.. Koch, president Of the Imperial German
Bank, the great financial institution Of Ger
many, said to the Associated Press correspond
ent that Germany would take part in none
| tary convention, provided Great Britain agreed
70 participate. $50 far, however. have not
been informed Of any such proposed confer
Koch, cas- surely would have been the case il
any official invitation or even intimation had
beea received from the United States"
DR.. Koch did not think il likely that England
would make any change In her currency.
England has at times heretical leanings to-
| ward silver, platonic love for it," he said,
but when II comes to a practical test she will
stick to her gold basis"
What will Germany do in the event of .
proposed reconciliation of silver?" asked the
I'VE are very comfortably of now with our
gold coinage" replied the fnancier. DO not
think that Germany would do any more than
she proposed ut the Paris conference OF 1884,
that is, she would increase her silver coinage
by about 10, 0OO, 900 marks in .thalers' and she
would most likely somewhat increase the
amount OF her subsidiary silver coinage. but
I! that would be all the concessions we would
| make. OF course what say here is my private
opinion. l cannot speak officially for the Treas
ury Department"
| ''What do you think will be The effect Of the
present movement for gold coinage in Aus
! tria?''
| 1.-The law will be passed beyond doubt, and
| 1t will initiate, OF course. still more against
the international acccptation OF q silver cur
rency.'
| 40 what do you attribute the present move
mont Of gold from America to EuropeI"
| 1T il very strange" said DR.. Koch. Last
summer and fall We expected great gold ex-
port to America in payment Tor your cropa but
instead you keep sending gold to Europe. /
think it is due to the heavy sales Of American
securities in the London market, which are
/ probably caused by the desire to realize on the
high prices at which these securities are now
As for the Bland bill, DR.. Koch thinks It is
only move in the game OF politics. The pass
| age OF a free silver law would have q very bad
erect on American prosperity Any sudden
change in the currency had disturbing effect
anu ~ mucn Horo tHe cnahBe 10 paser metal
The result Of such step would be to turn the
current OF gold still stronger toward Europe,
70 rover american cfedis ana 10 Ultimately
nur. those VINO expected the grea1ess oeneht
.io' .ne Jaw. ne rcgrSt.eo 'nat as resuit OF
wv. .,ie larse proaucaon' siver was such arug IN
me market put oio nos mink any Standard
could be fixed by legislation. 1t was question
OF demand and supply.
| DIR. sIEMENs.
| DR.. Siemens is the director Of the "Deutsche
Rank /" the laryest nrivate barl;ro corno,..;o,
=, pn.,;. - - ":'
| III poinn' oahA WHICH ooes heaVy business
with America. He is also a prominent MEM
I;a lie, =. .,;as e ! nSecs. ". ol9nens expressed
any measurss for the ra;nonetizat;on If s;Ive "
Except q few agrsrians nobody in Germany
dreamed of such q thing. When Germany
sunaaro ner nade was sumcientiy disturbed
1 70 make ner carelui OF any more changes, and
was ;nst cbsnnige sro @ Aes, n WHICH a
was !uss changing from paper 10 goiu, YOU'D
not take axe up silver and England also knew
Ia ' ~ w.. mas ~en On.
$500 70 the w snect OF free shyer coinage In
.;iuer con. veil Moa,a make America
Ss 'gIy. Nooouy wouIu % oenemteo
~ -. m S " .S rscT ,N more aotiars
III Ut 'aon Saops, pus snese ocilarS "ouie lave
lee Iu n ion"sIusi ss'oS anu IN 'ue Gnu tney
Wouia oe worse ON. lou can ssase Two axioms
Mnicn "a COVER we "noie case saia LIT.
oiemeas. me nrst Is tnat cnange OF currency
1899 oau' uus '.a' tue chnnge 70 an INFERIOR
CURRENCY WIN inncs espeC,aiy neaS! losses ON
nc County nlaAIne IL. Inc secono AXIOM rs
.nat Al .ne cnan8e 70 an INFERIOR currency the
Morkman-tne poor man-is the principal loser.
MS wages 40 not increase; ne gets the same
numDer OF collars, but ne cannot buy as much
DO 1oFMeriy ZOE 'uem.
III. olemens nad also noticed with surprise
tne contnuous export OF gold from America.
| movan,art md oxnl.;raa ~ -. ;,I,
by the heavy sales of American secnrities Rnt
he says large amount of those certificates
were sold by Germans.
| DR. BARTH.
| Dr. Barth, member of the reichstap and an
/ .nth,,;,v on ou..t;or. ~ r.t,or., o..,.r,r
-, o -.
sara tn"' "ermany aio not oream OF taxing
| part in any monetary conference, at least no:
with the view OF the rehabilitation OF silver.
| And think. he said, you Americans are far
too able fnanciers to make any mistakes in that
| direction"
DIR. Broemel. another leading member Of the
| reichstag, declined to talk about the matter at
first. THAT matter has been fully discussed
and settled long ago." he said, and all the
fallacies Of the silver men have been fully
| shown. At present only few agrarians, who
wish to pay their debts with debased currency,
are in favor of silver resumption here in Ger
many. As regards the United States there il
| some danger of the free silver law being car
ried. II SO it will react seriously upon Ger
| many. We rely largely upon our trade with
| America and the disastrous results which free
coinnpe Of silver vould have unop that countrv