The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1892-03-03
THE B,-MsTALL,o CONFERENCE.
England, France, Germany and the
Uniled states VIII Meet.

4 -
England, France, Germany and the
United states VIII Meet.
New York, February 26. Salt Lake
Tribune Dispatch-A Wall Street all
thority made this announcement to-day:
A gentleman who talked with Secretary
Foster before be sailed for Europe makes
the statement that Secretary Foster said
that an agreement for an international
monetary conference had practically been
made, and he expecced that this confer
ence would be announced soon after his
arrival in London. There is no disput-
ing this authority; it is absolutely cor.
rect. Heretofore the conferences on BIZ
metallism have been futile, but this year
there arc most peculiar circumstances
which warrant the expectation OF some
thing more than talk. The real key to
the situation is the fact that silver bull
ion is selling in markets of the world
lower than before. The nations of Eu.
rope do not like it any better than We
do. Eogland is interested in silver vi
tally, because of its Indian trade. The
Bank of France has over $3.50, 900, 900 in
silver, Germany over 0,000,0 900 and
Austria over SS3, 100000 The Bank of
France has within $2O,OoO,OOO as much
silver as it has gold. A conference
under present conditions would mean
more than any previous one. II these
four great nations should agree upon
value for silver and should issue paper
against it, based on this value, the credit
of the nations would make the paper
good, no matter how much silver fell.
la the event of coinage by nations at
certain value, the demand for silver
would be enormous, as it would be in
the event of issuing paper based upon it.
Very few people expect an effort to re-
mouetize silver at an extravagant valua.
tiop. Everybody knows that England
would not agree, but definition as to
the place silver was to occupy in the
monetary systems of these great count
ries would be a gceat step forward. We
understand that part of the admnistra-
tion has desired very much to bring
about this conference, and has succeeded.
Pending such meeting, there would be
no fresh silver legislation here. An Off
cial announcement of the conference was
generally expected to bring about a
lively bull market, for all the silver
scare would vanish until the conference e
had finished its work and silver was re-.
cognised, Capitalists would then know
what to depend upon.
Attention is called to the fact that
W. d. Williams, proprietor of the
Williams House, at Milford, is running
first class hotel at that place, and has
the best accommodation in that town
for the travelling public, The Phoebe,
and Milford stage runs to the door. n
We correct the Salt Lake Stock Ey-
change journal in giving ns credit for
publishing Mr.. Wears e te", and
comments thereon, s. i-"o'able TO
Cherry Creek and the D-,p Creek raj
road scheme. II should be given to our
neighbor the White Pine Meas. Cherry
Creek is undoubtedly a good old camp
but we are not interested there nor in
the building of the Deep Creek railroad.
Cherry Creek is l20 miles from Phoebe.
We have the Union Pacific at Milford
nearer to us than that and we are not
going u boom Cherry Creek or any body
elses railroad till we get one
of our own. The chances
are that we can commence booming fol
some body else in three or four months
Send in your bids for our services.