The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1894-03-08
HOPE FOR THE WHITE METAL.
Germany Is Weaking Latin \ IN or can
Countries VIII Consolidate,

Countries VIII Consolidate,
WASHINGTON, Feb. 25.-Impo rtan
and interesting Information as to the
present financial monetary question is
deriyed from Siguor Romero, tho Mex.
ican minister TO tho United States.
In response TO inquiries from q rep
resentauve OF the Southern Associated d
Pross, who called his attention TO The
published statements that EuglaLd Ger.
many and France were about TO take the
initiative in calling new monetary con-
ference TO consider the silver
question, Mr.. Romero said: 1.-THE
Secretary OF the Treasury OF
the Mexican government informed me
by personal letter, dated January 10,
1894, that according TO private advices
the German government was leaning to-.
wards a policy regarding silver which
would prove favorable 70 that metal,
and that it was almost sure that The in.
ternational conference would convene
again with better chances of favor able
results. AS long as the United States
or any Of the commercial nations Of Eu.
| rope take steps TO promote the interests
OF silver, it becomes the Latin -Ameri.
can nations using that metal as money
to keep in the back ground and follow
The lead of others.
"But if the information should provo
| incorrect, the situation Of S S,atcs using
silver as money becomes 80 difficult that
they will have to take the question into
ther own hands and come TO some COD.
cluslon as far as they are able to do 80,
| with view TO prevent further decline in
| the prise GlsiVcr and to awaken the in
| terest Of the financial world on the sub
jcCt. 1t is likely that some OF these ma
tiOns will convene conference Ct the
States using silver as a money, among
which all the Latin American States will
be included, as well as some Of the East.
ern nations, in order to study the ques.
ton and como TO IN agreement with a
view to attaining the result"
"Ths is a burning question, not only
to Mexico, but to all the silver countries
OF the world. 1t is impossible tor Mex.
leo TO dcmonctlZe silver, because that
would bring universal ruln to us, aud
rather than accept such an extra meas
use, VIC would make up our minds to de.
pend upon our own rcsoui COS. Fortuna
tcly we can produce enough agricultural
articles OF all the zones TO supply cur
wants, although our manufactures are
yet crude. they would receive great i'm
pulse by the highrates Of exchange.
"ThC commercial nations Of Europe
arc more particularly concerned in the
question by the high prices Of exchange,
for the difference between the price of
gold and silver constitutes such great
bounty to exports Of the commodities OF
silver countries, which are produced at
silver prices and sold on The old markets
at gold prices, and this 80 increases the
price of foreign manu!aC .ures, that na.it
creates great incentive to develop home
industries g that while increasing The
expo rts Of silver countries togold mark.
cts, the deprecittiOn Of silver seriously
cripples The exports Of Europe into The J
silver COuntri1s,'
Mr.. ROmco's views on This matter,
are shared by the diplomatic rcpresrn-
tatives OF other Latin American coun-
tries. 1t Is pointed out as hopeful slgn
that the German government already |
| has q COMMISSION considering tho sub
jcct, over which The Secretary Of the |
Imperial Treasury presides. Among
| the questions presented to that cOmmls- |
sion were those Of keeping stable the |
price of silver, and the best basis for an
agreement Of nations on tho eubject. |
The CHANGED attitude of European ma
tiona, it s suggested, may be dne TO the
discovery that tho Latin- American na-
tons are seriously considering Tho prob
able effect Of concerted efforts on their
part for The purpose Of defending sllvcr
1t has been pointcd out that these coun-
ttles are getting tired of paying twelve
pence Interest on their bonds instead of
six ponce, and that they were deter-
mined to resist absolutely a further in
Drease in tho rate of interest, which
would be caused by further fall in sli-
ver.
Starving.
NILES, ONO. Feb. 25,-One hundred
families In this place are without food