The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-01-29

Conference. BY courtesy, Was taken IRON the
counsfr where the cepIsfsncs was held. and
= f fSsaina ssfs Elsn s sss ss,sl aSu Sssssni ZEN.
was. selected a. the presiding ofheer Of the
eS9,sri &. Slo ssa {, sn Be- ssl r.: and s;.n sSss,' !oeisiis
End POLITICALLY; Ia Bsisinn va, such that he
Immediately. Mr.. Javalya. n prominent Eel
CLAN. was made the seeretary-General. 81. tho
Sonisrencei The netting were held in a
and scientific purposes. We had one OF tho
confidential. no one being admitted except the
delegates. the secretaries. and one or twp es-
own Mint. MI. Leach. who was attached to our
desleGnNt a. 'a,, sy tn tms Secretary Of StstS co oms
1t was the desire oi our Government to ray
the APPROPRIATION for the purposes OF the Con:
ference Icing ample to enable our Govern,
insiste % III thai ia all the these sn estsn ,Gisn so sSonid be
paid from its treasury. including printing. DC.
and these sJpsn sss we're :. nail ~ n, N. Com
O'clock and usually adiourning nhopt.s Hot
ference: sS,ihst every EFFORT vas made i,r the
e" sM | s mere so ihe snsisi f {. sns ssssk"'s'
",Th. officials, OF the Belgian, Government
gates in a most hos itabl. manner The King
gave n reception to the delegates. which was
i Prime Minister also gave an eniertainme nt. as
did others: The nuntcipaiity Of brussels gave
enee. IL was on The "%csasioS OF the reopcuing
Of the Municipal building. many Of the apart
% .isss ,a sny l.sto sssH ops Tse FER sss nf's 81 tine the
tic ss!ssvsmrn,, did not SSnsn h is n.nseI AYE
entsertsin the 6onrerenee Tor the esenin. with
plays This entertainm ent was on an elabo-
rnte scale and expensive. So that there was
entertain hospitality the delegates which was
We were unable to make any eIeursions
and the weather was quite disssreeatis oil
NINA. souSt,S X s9ek the ls.esss. part in tho
As to the mere occupation o, time. 1t is
probable that the American delegates COM
sumed more time, in sreakinG than the dele
made quite an eiabern,s s9eech 81 the general
subject Of money circulation. This occupied
from what was said by American delegates.
the leading countries taking par. were Hnl-
There was an exceedingly bright young man
from Russia. who also spoke ireauently-MT.
and. a. m Illustration Of this. I'll. nrrt speech
/ made in the Conference; in explanation OF
thf pTSs.t NJ. sa G5sssisfii in ny sas a~s srsns,
lated 1t into French in such a. way MS to secure
the applause OF the delegates ut the conclu-
speak. Which 1 always did in English. he be.
came MY interpreted in French; NJ. lie Osma
was also a. fluent speaker and student Of
monetary science. Was quits active In the Con-
now the Finance Minister 81 the republic. TIL
bis depa'trre tool an active part In the Con-
Bid the Germans in the Conference have
They did not. The German DELEGATES sim
| NV srnfpi TINT thew had no authority from
their ment to take an active part in the
ConieIenes: thu, they were instfusteI to la
present monetary policy and did not wish in
rs It not a fact tina. the Governments and
banks Of. Europe are constantly increasing
their gold teserres' And. II So how do you a-
All the great hanks Of Europe are inereas-
tns aha; aSdsd f is1rs sfss so ssr Or so IIda'1 4ss.1 1s; a Hassis
the last six or eight months; probably having
tsSn sSs h nsr = year T sso. TIE Ss' Bank % Of srs sSls
also has an enornop: stock Of gold. much
iEss5s.sl3E 4 h =. sTS Ls reserve Il sSe Imperial saI
is in y transition state. Alter having been for
more than ilfty years upon a purely pape.
has S no snS aH s.s s!9i1 rr.Sm p,ion. Tnsse sre
some curious Incidents. connected with the
were paid in gold. they inquired. looking at the
s HDls s sSis. .o %n rsre had .dss se eSr' Ses en- IL %o Rss. ria
within the memory OF tine younger generation.
m nu ass stlii sse 10 %a 3 largo s s%od %sy q soid snf
think these accumulations are political: As all
s sasit E%se q r.s sssIss sss% ior to %s es G sna fhsS r sa
gard large gold reserves as necessary to main
TAI" TAN . &c not s' sSint tf the e. @ddrs e 81 gold from this
country can be largely attributed TO any fear
s su. s Ss are b 5.tsls to g e the a d sl.Es, s Il HarS:
s sssRl i.n sSsul 8 poI hass ld aiiSs fS's oe sssst esi:
ton than any Of the European states"
much nj ns OF espl. tss ss france. s MNTir Ts n stnss nG sh at
France had rfty francs per capita In her do
aSoni four Tnff funded m nnisa S doiiarse Dc % SfIei a IN
equal amount Of full legal tender circulation
III iht our n siGiSii1ss sf G doIIar. "A wh sas auh " = have awe
about five hundred millions. including Treas
Ny 1esss t "a ,hs on non silver r, I III sns purchases based
that this circulation in France gave them very
iittls ircenyenience; as; with sn ample ss;esve
nestle circulation and gold for international
exchanges"
natural These exports OF gold are for the
Gated. and nre not for tho settlement ot com
mercial balances against US nor .beca use our
ourselves: but this exodus of gold cannot long
continue. as their means Of procurine 1t from
US will soon be too expensive
Did Senator Jones give his peculiar Vows
about the unit Of money icing lodged in this
Senator Jones's speech in the Conference
was an elaborate discussion OF the entire
money. question. in the course OF which he
gave his views as to the unit Of money. as he
has often given them IN the Senate
Senator Sherman told me. lust before you
came home. that tho decreased cost Of pro-
ducing silver had operated against its relative
coinage value
1T is probable that In some respects s~ilveris
produced at less cost than heretofore. i have
been unable to ascertain from any source the
aggregate cost Of producing the total amount
OF silver proincel in the world from year to
y@ar. whirh should mea- ure tho cost of each
ounce Of silver produced. as you cannot Judge
the cost Of producing silver In the ngGregate
from tn" cost at particularly favored mines
where great discoveries have been made.
Given a productive mine and the cost Of pro-
'iaclng silver from that mine Is probably very
small ior each ounce there PRODUCED. as is the
cost 81 prndneing, gold from a,goid mine pro-
ilctiVe. already discovered. The cost OF pro
Nlc!n: the IIsnlnr. metals must include tho