The morning call., 1892-12-05
NOT A CATSPAW.
Americas Dislike of the
Silver Plan.
EUROPE ASKED TOO 1UcH.
She Wished to Throw the Burden of
Restoring the White Metal on
the United States.
Special 10 THE MORNING CALL

New YORK. Dec.3-Smalley' letter to the
Tribune from London has the following:
There is an impression, robably erroneous
that the American delegates to the None
tary Conference at Brussels are over
matched. They do not, as q body, hold
their own, say the critics who are un-
friendly. They understand silver very
we'll from the Nevada and silver baron
point of view, but not SO well as
great International question. But theve
are one or two exceptions, one or two of the
American delegates who have the requisite
knowledge of financial matters. The in
terest Of the week has turned on Alfred
de Rothsehild's proposal. European au-
thorlties seem surprised that this scheme
should be so generally condemned in
America. They do not grasp the fact that
America, though il has great silver in
terest. objects TO pulling chestnuts out of
the fire for the European Governments.
The Rothsehild proposal WAS made in per-
feetly good fai h, but the share assigned to
America In sustaining the silver market
was none the less excessive. 1t seems TO
have been assumed. both In Brussels and in
New York, that Alfred de Rothschid rep
resented both the British Government and
his own firm. Ii was doubtful whether he
had any authority to repres ent the Govern
ment whose delegate he is, or any intention
of doing so, and il is still more doubtful
whether his views are shared by the firm or
firms of the Roihschilds ia London or on the
Continent. The hostile report of tie COM
mltiee appointed TO examine this project
believed to express the prepOnderance of
opinion of the conference as a whole
Whether its substantive recommendations
are likely 10 he approved is another matter.
Ii may be useful 10 add that Mr. Alfred
de ROthschild's opinion seems lately 10 have
undergone some change, and that change
does not affect him only. he is a monoinet-
aiiIst, RS he always was aud as he must be,
but II is as monometaliist that lie thinks
II Is desirable ID do something 10 avoid that
smash in silver which, without some reme-
dial measure on a large scale. seems newt
able. The disappearance or decadenee
Of silver would create a great demand
for gold all over the world. The one finan-
cial aim Of England, the basis of her
banking and commercial system, is 10 keep
a great reserve of gold in this country She
does not wish to be forced to strong
measures in order TO keep II or to force the
value Of gold much beyond its present
standal d, and hence her readiness and the
strong desire Of the monometallists, who
include almost everybody in England, to do
something for silver.
There is nothing as yet to indicate with
certainty the course of public opinion in
Germany on the army bill. Herr Richter's
speech in the Reichstag on Wednesday was
gotd debating speech He lad no diff
Guilty in showing how Inconsistent the Chan
eelloI's present attitude is with that of last
year, when he Iidiculed the very dangers
on which he now ha ez his ANIMAL for r,rre
troops. but Herr Richter is the spokesman
0f the party which has opposed all the
military measures, or almost all Of them
He is the eloquent mouthpiece of a minority
with 10 great influence upon the public at
large The Chancelor's reply was not less
effective than the attack, aud it leaves the
balance where it was.
The nomination of Sir Gerald Hortat as
Commissioner TO Uganda shows that Lord
Rosebery is in earnest about keeping the
foothold England already has in that part
of the world. He is the British agent in
Zanzibar, and is three weeks nearer Uganda
than anybody who should start from Eng
land. lie has experience. energy and cour-
age, as be showed in the Abyssnia expe-
dition. He is what the Radicals call g
lingo" meaning an imperialist, to whom,
as to his chief at the Foreign Office and TO
the majority Of the English people, the
policy OF "seuttle" is odIOus. He will proba-
bly, reach Uganda before tile East Africa
Company begins to evacuate that region,
and the news Of his coming will get there
long before he does. and that Of itself viii
be likely to prevent tLose conyulsions and
massacres for which the actual withd rawal
Of the British forces would have been the
signsl