Crittenden press. [volume] (Marion, Ky.) 1879-1907, 1894-03-01
The Mexican Minister To the |,
States Gives Out Some
Information.
The German Government for the
White Metal.

NV lA'r'hA . W wv i'''' '''''''
monetary question Is derived from sig
nor Romero, the Mexican Minister 20
the United States.
In response TO inquiries from "A rep
rcsentaiiye OF the United Prcss, who
called his attention TO published state
ment that England, Germany and
France, were about to take the initla-
tive in calling II new monetary confer
encc. 10 consider the silver question,
Mr. Romero said:
The secretary of the treasury Of
the Mexican government informed me
by a personal letter dated January 10,
1894, that according 10 private ndyi-
ces the German government was lean
ing towards policy regarding silver
which would prove favorable 10 that
metal, aud that It was almost sure that
the international conference would
convene again with better chances OF
favorable results. \. long As the
United State VI any Of the CONNER
cial nations OF Europc took steps to
promote the Interests Of silver, it be-.
comes the Latiu-Americau nation
using that metal as money To- keep 10
the background and follow the lead of
o,hou.
"But if the information should
prove correct the situation Of states
using silver ss money become. 30 d.H-
cult they viii have to- take the quy--
ton into tA,.roau hands and come 81
some conclusion o. far %. they ace able
to do 80 viii Wow 90 prevent futhcr
decline 10 the price ct silver unl 60
awaken the interest Of the financial
world on the SUBJECT IL i,ljkcly that
sumo OF these nations will convene o
conference ~ tie states using silver a.
money among which all the Latin
American states will b. included A.
well a. some Of the eastern nations in
order to study the question aud come
to an agreement with a view 10 attain.
ing the result
This Is burning question not only
% Mexico hut IN all the silver coun-
tries ~ the world. /; Is impossible
for Mexico 20 demonetile silver be-
cause that would bring universal ruin
10 "a amp rather than accept such an
extreme measure We would make mp
our minds to depend upon our re-
sources.
Fortunately we can produce
enough agricultural articles Of all the
zones to supply our wants, aud al
though our manufactures are yet crude.
they would receive great impetus by
the high price ofcxchange. Not only
the debtor but the creditor nations
wauld be materially affected 10y the
further fall of silver. because if the
former are deprived of the means of
paying their debts the creditors would
be the fual sufferers The CONNER
cial nations of Europe are more par
ticularly concerned in the question
because the high price Of exchange or
the difference be wccn the price of sill
yer and gold constitutes such great
bounty TO exports Of the commodities
of silver countries which are produced
at silver prices and sold on the gold
markets at gold prices, and this 80
increases the price of foreign manu-
features that it creates very great
incentive to develop home industries
- that while increasing the exports of
oliver coun tries to gold markets the
depreciation of silver very seriously
cripples the exports of Europe into
the silver countries"
Mr.. Romeros views on this matter
are shared by the Diplomatic repre- son
tives of other IMtin-Amcriclu coun-
tries. 1t i pointed out as hopeful
sign that the German government
already has a commission considering
the subject over which the secretary
Of the imperial treasury presides.
Among the questions propoundcd to
that commission we're those Of keeping
stable the price Of silver aud the best
basis for au agreement Of nations on
the subject. The changed attitude Of
European nations, it is suggested,
may be due to tee discovery that the
Latin-American nations are seriously
considering the effect of concerted
effort on their plan for the purpose OF
defending silver 1t has been pointed
out that these countries are getting
tired of paying II per cent interest on
their bonds instead OF 6 per cent and
that they may determine under radi'
cal measures to resist absolutely n
further increase in the rate Of inter
est which would be caused by a fur
ther fall in silver.