Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1892-11-29
walsh Calls for Free Silver.
TELLER is NOT SANGUlNE.
No Confidence in the Monetary Conference
A Chicago Bankers Ideas.

No Confidence in the Monetary Conference
A Chicago Bankers Ideas.
CHICAGO, Nov. Ex-senator Teller, of Col
orado, arrived at the Grand Pacific yester.
day and left for Washington an hour later
The senator in speaking of the monetary
conference, said: 81 do not expect it will
have any immediate effect upon the ques-
ton Of free silver. 1t may eventually lead
to something through repeated gatherings,
but for the present it will do nothing ex-
cept, perhaps, awaken the public to the
importance of the subject. One thing l
am certain of is this: Rothschild's plan
will never solve the problem which every
country will have to face if the present
methods Ice persevered in.
RothschiId Plan No Good.
"This plan as | understand it is to have
the different governments represented in
the conference form themselves into an
association for the purchase of minimum
amount of silver at 43 pence per ounce.
That will not settle the question. The only
remedy is free coinage, and there is no good
reason why free coinage should not be
brought into existence. Every thinking
man can see that the public sentiment is
changing with regard to the subject. One
day or other free silver bill must be
passed"
Views of n Chicago Banker.
Charles Henrotin, the Chicago banker,
accepting an invitation made by the none
tary conference now in session in Brussels,
forwarded today q communication on the
silver question to the president of the con-
ference. Mr. Henrotin expressed his views
on the silver question to a reporter, as
follows: "Our present silver issue is
H.
is expected of it to fully perform its in
tended usefulness it should first be honest
ly made to represent what it purports to
call for, and above all, be surrounded by
reasonable and prudent safeguards.
Wants the Silver Redeemable in Gold.
"The policy / have always advanced is
this; The silver coin of the present weight
and fineness should be issued by the gov
eminent monthly in amounts to be deter
mined upon as thought most advisable, and
made redeemable in important amounts at
| intervals of from five to twenty-five years
from the date of the issue, and payable
| dollar for dollar in United States gold coin
or in gold dollars worth of silver for
| every dollar issued. The choice of the two
methods of redemption should be optional
with the government.
Protection Against Manipulation.
"The government could protect itself
| against the manipulations of bullion deal
ers by provisions in the bill regulating the
mode of arriving at the redemption price of
the silver at the time Of such redemption.
Such a currency could safely be put into
circulation TO the extent of the fullest de-
mands of commerce without danger to the
government of even being in any way in
| convenienced in the future redemption of
the coin, should such redemption ever be-
come necessary, or without risk of loss to it
in the more probable event Of future ap-
| probation in the value of silver bullion"
Providing for International Issues.
"How, in your opinion, should an inter
national issue of silver be provided fors"
"By an international commission which
shall fix the minimum and maSu2rrn
amounts of s.,ver coin 20 be issued FROM
| tame 10 time Ia he countries =:,tefiaE L.