Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1893-07-06
FOREIGN VIEWS.
Berlin Comments on Silver and
Depression.
MUCH DEPENDENT on CONGRESS.
The London Times Commsnds the Calling
of an Extra Standardization
Silver Mines Hurt-Ths
Latin Union.

NEw York, July s.-The Worlds
Berlin cable says; The absorbing topic
OF the day, overshadowing even the
army bill, Is the silver question. Tho
correspondent called upon Baron Won
Bleischroeder, the head Of the great
German banking firm of s. Bleisch-
roeder.
We have been surprised principally
by the unprecedented secrecy" he said,
with which the Indian silver law was
prepared and by its taking effect Inn
mediately on publication. The Indian
Legislators knew perfectly well nat
public discussion Of the law would have
caused large quantities OF silver TO 1ow.
Into the Indian minis, there 10 DO
coined according 10 the late law.
THE law has been felt here in the
sudden and sharp depreciation In mox-
lean, italian and American railroad
stocks, which are held In considerable
quantities in this country. What In
huence we may expect from the new
law upon the German finances will
mainly depend upon tho attitude taken
by the United States government At
any rate keen distrust OF foreign Sc
ourities-espeoially so-calied exotic
stocks, such as Argentine, Portuguese,
Greek and Mexican--has steadily grown
here among investors, not altogether
unjustly, considering that people have
lost millions by them"
DR. siemens, president of the
Deutsche Bank of Berlin, acknowledged
to he shrewd hnancser, said In an in
terviow with the correspondent. "The
silver question touches German-Ameri-
can relations mainly on account Of
American currency bonds There are
few other interests. Grain Ia gold We
buy and sell for gold II exchange
falls prices rise for what we send. The
question IL, how much will currency
bonds dcpreciatcP That entirely de-
Ponds upon the nature Of the future
law replacing the sherman bill. II
new panic should happen, Germany
VIII take fright and throw everything
on the market. The European public
willingly bought Americans, hoping
fer rise In prices, but In the past year
and half the rise has not come.
= "Gold came over because Europe had
: good crops, and consequently wanted
: no American grain. This year all Is
different, Europe has had bad crops,
! except Russia. Russian grain exports
y 10 Germany have gone down much.
Il Turkish and American grain has taken
: It's place, We had n good crop when
l. Russia had bad crop. They had lit
tie, but we needed no American grain.
II is different this year We shall i'm
= port far more from America than from
9 Russia and shall send gold for IT, This
20 should greatly facilitate the repeal Of
y the Sherman law. Congress has been
called 10 meet on August 10 consider
A. this subject. This IL not q moment too
40 soon.
A. IAN depends upon the answer 10 the
questions What will America do?'
"a American bond prices are 30 low now
III that Europe has no interest In sending
them back, provided circumstances re-
IN main safe Therefore Europe will Lend
e. payment for grain in gold and few
" goods"
A COMMENDED ny THE THINKS,
ne LONDON, July S-The Times 10 tn,
To only morning paper that comments OF
re President Cleveland's call for speoia
ed session. II says editorially;
d. Among all interests In sound finance
ce and steady markets for securities, Their
is but one feeling OF satisfaction at the
return. however belated, OF the United
States to sound monetary policy
nd The sherman act is one OF the unwis'
laws mentioned In the presidents proc
I'm lnmation, but II Is by no means the
lst only, nor IL II solely responsible for tn
In present disorder Of American business
he "The fight In congress- seems likel.
lin 10 turn upon the question OF priorit!
IA | an,ythlf,n xutll 40 m
party any good to deny all necessity o
ay remedial legislation, but plausible ar
his Qumenta will be adduced for handling
he other questions before the Sherman
w. act MIR. Cleveland seems to place tn
en- burden OF reform upon the prope
IN shoulders when he lays II upon con
lce gress Talk will not solve the question
lot but II IL at least encouraging 10 sc
ind Americans beginning TO face the issu
ln squarely."
'il AUSTRIA AND SILVER.
me VIENNA, July 8.-The Politsche Coz
ne respondent says that the fall Of silvc
ur' will not influence unfavorably I'll
rn' Austro- Hungarian operations In col
'he ncction with the currency reform. III
sen Austrian and Hungarian ministers,
says, are discussing the time at whic
the minis shall cease purchasing silVe
ere and what steps shall he taken TO pr
In vide employment for the silver minel
re- In Parzibnum and Schemnitz after I'll
/ in suspension OF work In the mines aroun
emit these places.
Of 4 SILVER CONFERENCE CALLED.
will BRUSSELS, July 8.--The Belgian go
A eminent is reported 10 be about 10 col
ex- vene Il special conference Of the Lat
ned union states for the purpose of consi
ted ering what action they shall take
'ect view of the recent fall Of silver. TIL
the special conference will precede the r
In assembling Of the international mon
bit tary conference.
,rer =zI=='5=
.ich The Kansas City baseball club d
lies. feated the st. Joseph club by II score
nc 10 to at Kansas City Saturday Su
days game was won by the Kans
City club by IA score of IA to- 3.