The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-03-07
HOPE FOR THE WHITE METAL.
Ge-msny is Wesking ng-Lstin-AmeItean
Countries Wiu Consolidate.

countries WJAA SOASo1io"sos
WASHINGTON, Feb. 25.-Impoctant
and interesting inf,rmatlon as to the
present financial monetary question IS
deriYed from Signor Romero, the Mex
lean minister TO the United States.
In response to Inquiries from rep.
resentative OF the Southern Associated d
Press, who called his attention to the
published statements that EoglaLd Ger.
many and France were about to take the
initiative in calling a new monetary con-
ference to consider the silver
question, Mr.. Romero said: 1.-THE
Sc cretarY Of The Treasury OF
the Mex,cau government informed me
bv a personal letter, dated January l9,
1894, that according to private advlces
the German government was leaning to.
wards policy regarding silver which
would prove favorable to that metal,
and that it was almost sure that The in.
tecnstional 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 natloos using that metal as money
to keep il the back ground and follow
the lead Of others.
s.But if the information should prove
incorrect, the situation of States using
silver as money becomes so difficult that
they will have to take the question into
ther own hands and come to some COD.
c'usion asfar as they are able to do 80,
with view 10 prevent further decline IN
the prise sfsilver and to awaken the 10
terest Of the financial world on the sub
ject. 1t is likely that some Of these ma
lions will convene a conference Ct the
States using silver as money, among
which all the Latin. American States will
be included, as well IS some Of the East.
ern nations, in order to study the ques'
ton and come 10 an agreement with q
view to attaining the result"
This is a burning question, not only
to Mexico, but to all the silver countries
of the world. It is impossible tor Mex
leo to Cemonetlze silver. because thai
would briGg universal ruio to US, ano
rather than accept such an extra meas
use, we would make up cur minds to de
pend upon our own resources Fortuna
tely we can produce enough agricultural
articles of all the zones to supply cul
wants, although our manufactures are
yet crude, they would receive great Inn
pulse By the highrates ofexchanse.
'The commercial nations Of Europe
are more particularly concerned in the
question By the high prices of exchange,
for the difference between the price o.
gold and silver constitutes such a grea'
bounty to exports CT the commodities o.
silver countries, which are produced al
silver prices and sold on the old markets
at gold prices, and this so increases the
price of foreign manufactures, that I'll
creates q great incentive to develop home
industries 81 that whne Increasing the
sxoo rts of silver countries to gold mark
cts, the deprecittion Of silver seriously
crpples the exports Of Europe into The
silver countries" )"
Mr.. Romeo's views on this matter
are shared by the diplomatic represen-
ta.ives OF other Latin American coGn-
tries. II is pointed out as hopeful slgi
that the German government already
has COMMISSION considering the SUB
lect, over which The Secretary Of The
Imperial Treasury presides. Amoos
the questions presented to that commls-
sion were those Of keeping stable ths
price of silver, and the best basis for ar
agreement OF nations on the subject
Tine char. ed attitude of European ma
tiona, it is suggested, may be due to tht
discovery that the Lati1- American ma
tons are seriously considering he prob
able effect OF concerted Efforts on thel
part fer the purpose OF defending sllve
|. has been pointed cut thattaese coun,
tues are getting tired OF paying twel7
pence interest on their bonds instead
six pence, and that they were deter
mined to resist absolutely e further Ii.
oreass in Tie rate Of interest, whicl
would os caused by further fall 10 sli