New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-24
MR. FOSTERS MISSION.
GOING TO ARRANGE AN INTERNATIONAL SIL.
YER CONFERENCE.
THE SECRETARY WILL ENDEAvoR TO CoSsUhT
THE BRITISH CHANCELLOR OF THE Ex-
cHEQUER IMPORTANCE OF HIS

THE BRITISH CHANCELLOR OF THE Ex'
cHEoUER IMPORTANCE OF HIS
VOYAGE FOR HEALTH
The financiers of the country admit that all tho
danger that is now apprehended in regard to the
silver question would be eliminated II international
action on the subject could be secured. 1t was
learned yesterday by The Tribune that although
Secretary Fosters trip abroad is said to be cn-
tirely personal he will meet George j. Goschen the
British Chancellor of the Exchequar, in England.
and the ultimate result will probably be that ar
rangements for International conference to take
action on the silver question will be made.
Just before Mr. Foster went on board the steamer
Yesterday which is now carrying him across tho
Atlantic he made the statement that what was
almost absolutely necessary was International ac-
tion on the silver question. And that being tho
caser continued the Secretary, "every effort should
he made TO bring about an international confer
ence England, feel assured, will do its part to-
ward making good silver money and to command
the confidence of the people of the leading nations,
and Germany and France should do their part. The
United States will certainly do it's share toward
bringing about an International conference. IL 1s
impossible for any one nation to stem the current
alone"
The Secretary, when asked whether he felt any
uneasiness on account Of gold shipments, said en-
phatically that he did not.
There should not be an uneasy feeling from
that source" he said 81 feel that this coun-
try can afford to let some of its gold go to
Europe without injuring its business interests.
OF course whatever gold goes abroad will have
to be paid for, and notwithstanding all the talk
that has been made about it, the Treasury De-
partment has been able to pay and expects to
continue to pay. The Treasury Department Will
not hesitate to use all the means at its command
to maintain gold standard. At this time, how"
ever. I cannot see any reason for financial dis
turbance"
Several Wall Street bankers, when they learned
that Secretary Fosters trip was likely to resulo
in something most important to the financial
world, said that effort should be left undone
do bring alEut the international conference
Henry Clews. when told of Mr. Fosters inten.
tions toward bringing about the meeting between
the representatives Of the powerful nations to
endeavor TO settle the silver question:. said MI.
Foster. as Secretary of the United States Treas.
urv. can do a great deal toward influencing Mr.
Goschen and the finance ministers Of Germany ana
France to ioin in the international action. Being
Secretary of the Treasury of a great and wealthy
country, his influence will naturally be more
powerful than any commissioner who couid 10
sent to Europe by our Government Tor the pur-
pose of arranging international conference
The Secretary is quite sound in his views on the
silver question, and will he extremely earnest IN
advocating them in the event of his meeting Mr.
Goschcn on his European trip.
After the scare Of the Barring Brothers oin''
culties, which was felt at all the money centres
Of the world, and the effects Of which have
not yet fully exhausted themselves, 1t Will now
be much easier matter to bring about unison
of action between England, France, Germany and
the United States, for it is plain to be seen, with
the rapid increase of population of these various
nations. with the equally large increase OF busi-
ness ENTERPRISES that the increase or gold docs
not keep pace with the increased needs Thereon
in its utilization for money purposes. silver ohere-
fore, should be utilized on uniform oasis py
England France, Germany and the United
States as money TO supply the deficiency In goid.
II each of these nations will take up its part OF
the worlds product of silver in a similar way
the product will then be absorbed and its value
enhanced to IA parity with gold, in which evene
silver money will command the same confidence
that gold now does.
Henry w. Cannon, president of the Chase Ma
tiona BANK, and several other bankers also said
that if Mr.. Foster succeeded in bringing about
the holding of an international conference it
would no doubt result in one Of the longest
strides that had been made in the financial
world.
Secretary Foster received most friendly fare.
well. both personally and officially, on his de.
parture for Europe yesterday on the Spree. lie
and his friends left the Fifth Avenue Hotel apou'
II o'clock and were taken across the North RIVER
from the Twenty -thrd-st ferry to the pier oi 'ne
North German Lloyd Steamship Company on the
revenue cutter Chandler. When the secretary
wont ON board the Spree he learned tnat the
President and the employees of the Treasury De-
part,nent had sent him several magnlicent noral
pieces. y,
Thomas c. Platt. Charles NJ. IIendley. }. NJ.
Fenton, Janr,s K. Davis. Stephen g. ElkinS. lr''
Albert Halstead, Collector Hendricks. h. H. koo-
erts. Surveyor George w. Lyon, Henry W. cannon
and many other Washington and New-iork friends
of the Secretary we're at the pier TO 'pid nun
farewell and most Of them accompanied ING
sIeomer far down the bay on the Chandler.
Yesterday was the first time n Saoihet oinIe1
had left the country since Secretary JEWEL WV mn.
during the Grant Administration went 10 a n' pisr
Wien the Spree steamed down the river M pSss 'aS
(;cvernor's Island a salute Of seventeen guns w
fired and the salute was repeated when sie n Siu.
by Forts Wadsworth and Hamilton. ne le'enao aiso
cgtter Grant. which was moored in the bay, also
oaye the seventeen gun salute when the opfco
steamed by. 49,, ,,, % ,hs
steamer. acknowledging all the display In MS
honor. did not look like sick man. On the cJ1. h,
trary, he looked like man who was ENJOYING G % .he
best of health and before his departure ne laugh.
inglv remarked that he was making DelieVe ne
was ill., So that he could get away; /.
If I had delayed my trip much longer, ne
said shCsild have been in such good heaIth unu1
| could not have been excused on account OF iil-
ness | am taking advantage OF this opportunity
TO 90 abroad because | really need rest
DR.. j. b. Hamilton, W. T, MacLennon and
Richard Green, Mr.. Fosters body servant accom-
panied the Secretary on the Spree. Inc party
VII land at southampton, go from there 10
London and come back TO America on the Sprees
return trip from Bremen.
MORE GOLD SHIPPED To EUROPE.
There wa, 100000 gold coin taken from the sub
Treasury yesterday for shipment TO Europe Ims
makes total of 81, 200, 900 withdrawn since Friday.
1. VA rumored in Wall Street that another lot Of