Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1892-02-06

Director Lecch uf the Mint Gives
:" Ills E,rw> IN tic Free. Coll,-:.
/ .:.|.> ::* Il: aye Questi,17.= i: j:
senator PoWer >.>ttarketl By Hem
.:> rl'.4e of *l'fit: >S:ct11acIt, But
+. ~: BY: w. H. .-::: " = I'm prt'vinG. A.. = "

~. FL. ::. = I'm prov'r7G. A.. r.. =: .
T.. WAH1t1&Glt>$. tst,: :;t-~~ The fI"us.
! conmltt+r nn t%luHE+, weights Anc
nra%ur"- 1nsdsy 'x.niited u r*GtnI
L~r>t'. of tl1+ Intut lurealt, IN lnnt>et ,
rt1a i',E to. h@ silver On sim. T.
nn~w 10 :>tsl.e r..}. L-e.'lt sAid biz
minimum 'sti1nht- Ut tt,e rr' dW'u,;
# silver IN th~ United %ta1es HurtlG
I"st war WAS 5S,t N0, Ujjf) runt~>: t'e nt.
iiciA1 e.t'r1ateA would probably sx"ett]
that a,iInun. II tht.Atn unt u-tl in
the n}t* and sciences WIS htduc tt,
the American r1odnrt would be less
:huu the gov'.rt4ment purcl hs~s. The
amount of currency in circula'ieu in
tne United StAtps, l:e said. is $24 80
PER capita, larger than ln any other
! country Except Franre. Leech did
not think there 10 uny lack Of cItcuIAt
ing medium In this country. Le-ch
having answered In the negative the
| question u, Stone ~ t. whether any
European paper nloney Is based on
silver. Bland inquired II he held that
! there is no country 10 Eurnpe where
paper muney Ia iased On s,lvpl.
IT, tech i response WAS that there III no
country In Eusure where paper mouey
Is red~tmAble Htlely In silver. Will
hams (Itl.) called attention to the fact
that Lerch hun said there III no ct un-
try except the United States wh.se
untt ~ are hased on silver, and u.k+d IT
The European countries and the Uni
led States We're hu: IN The y .,.e basis
III tAi> Ie-pett. II"reh admitted that
This IN ~, and hale IT, well az in Eur
| OPT, l.n+- are bas+d n4i both \, III >nh
sitvtr NiilanA~ u.krd If A~ regarded
The >s'uAutt Ut silver ce.titic.tts y to
rIfcu utt !ll~te. Il nt >ilr+r duitars u> al
us'. +Aclt II frrr ollugt''
Letah ttpln 4 IN tre negative. nni
said tr :tinugtil the notts pref~'Hb+.
The suatic+ nf g,Id uot"~ IL cp Il tn
Liz ra,ne objection, hut nut tn the
-..fn- sx1tlt III in Tile cA-e ut silver
noIe~, n- they ttuEu 1,e circulated
easier. Williams iuIuIr II Why L-tcn
thought Il, >iE<e;' rnlta nf other ttut,-
lfie> w0ufl b.. DUMPED here 1t VIZ
auopitt free couaEt.
II thlnk EunIean silver w"n|el
ronie here IL ship }nucs just u- fat as
it t*,uid te ',ronghth
Williams Wun. Il to know .,t,W sill
yer cutn- roust br dumped here wheu
they ARE n+.t,ed abroad for circulation
in The coulIlr4e- having tn: Ill
tue>tic circuiA ion than IL needed.
They +. j~ct II, aud 1t naturally gtav'~
tates into thu vauIts of banks. where it
Is used lur issue nute-. All Eurnle Is
practically on II grld standard, partly
from ebotce aud partly from necessity.
The countries If Europe are Inclined
to adapt themselves To the gold stano-
ard, and [ do not believe any loss of a
small per cent would stand ln the wey
of their doing that. Besides, they
would believe 1t Wnuld be u telnpor.
ary measure; that We cnul1 not sus-
Tain tbs tree coinsge of silver, and
that 1t wnuld tie to their interest to
take advantage while we were MAX
lug the Experiment.. That, IN my
jndn en1ent. 10 The belief uf European
financier-.'
rn bland, Leech said he believed
silver wuuld come htre ~ lunE as Ne
exchanged gold for II. Shnpn1+n
| would cerse wten VIZ got til silver
bass. We would be compelled Ia uay
shippers In gold lecause they cuuld get
legal tender nott $ which ale PRACTICAL
ly in,ereouverIible with gold.
Leech said IAat In his judgment frt q
silver cuiuake would either send gold
abroad or to n premium. feplying tn
Mr.. Bland, he saId he thought we had
g>ld enough TO tuy the worlds stuck
ot *jlv".. A query by Johuson IN.
H.. a. u whether the United states
had ap agent abroad with view 10
learning sentiment toward bi metal
Ism anu International agreement. led
to discussion as TO the field of al ill.,
terna,ional agreement. Leeoh replied
That certsin gentlemen travelling in
Europe have been requested to learn
tAe probabilities Of 20 ue international
agreement being secured. Eng14nd
had s,owu disposition favorable aud
encouragement had been received.
t1e (I4eeet) would regard Hi internA-
ttonal agreement as ii very great hene>
TT to all people. He admitted that u
freq coluaxe bill would benefit Eng
| land tnOTe tiinn If All agreement WAS
reachrd. Mr.. Bland asked If 1t was
not fact that these agreements, and