The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1894-03-02
THE SILVER QUESTION.
The Latan-American States Must
Have Relief,
or All Exports and Imports Must Cease
Impossible for Mexico TO Demone-
tize silver necnuse That Would
Bring Ruin In that Country.

and interesting information as TO the
present aspect Of the international
monetary question IS derived from
slgnor Romero, the Mexican minister ]
TO the United States. In response TO I
Inquiries from representative OF the |
aited Press regarding his opinion Of |
Nn published statements that Ger
mary, England and France we're about |
o. axe the initiative in calling new
mos tary conference to consider the |
lv question, Mr.. Romero said:
"rbe secretary OF the treasury OF tho
Mexican government informed me by
personal letter dated January 10,
494, that according TO private adyices
IN German government was leaning
TOWARD a policy regarding silver which
would prove favorable to that metal,
and that It was almost sure that the
international conference would con-
vene again with better chances Of fa-
vorabie results
AS hong as the United States or any
Of the commercial nations OF Europe
took stepa TO promote the interests OF
( silver, II Becomes the Latin-American
nations using that metal as money to
( keep Ia the background and follow the
+ lead OF othors But, II the information
! should prove incorrect the situation Of
states using silter as money becomes
80 difficult that theAwill have TO take
the question into their bwn hands and
come 70 some conclusion IN far aa they
are able 70 do so, with view b pre-
vent further decline in BE- price nt u
yer aud TO awaken the h lefest q pf
financial wogld on the sub
"lt is likely that some Of ,ae nations
will convene conference Of T. states
using silver as money, among W.. aif
the Latin American states will b M
cluded, as well as the eastern natiohA
in order to study tho question apA
come to On agreement with a view u
attaining the result
"rhis Is a burning question, not only
to Mexico, but to all the silver countries
Of the world It Is impossible for Mex
leo 70 demonetize silver because that
would bring universal ruin to us, and
rather than accept such an extreme
measure we would make up our minds
10 depend upon our resources
''Fortunately, we can produce enough
agricultural articles OF all the zones tc
supply our wants, and although ouI
manufactures are yet crude, they would
receive great impulse by the high prie'
OF exchange.
Not only the debtor, but the cred
ltor notions would be materially affect
! cd by the further fall Of silver, because
II the former are deprived Of the mean
OF paying their debts the creditor
would be the final sufferers The com
mercial nations OF Europe are NOR
: particularly concerned in the question
: because the high price Of exchange
or the difference between th
price Of silver and gold constitute
such great bounty to exports Of tn
commodities Of silver countries whic
are produced at silver prices and sol
on the gold markets ut gold prices
This so increases the price of fol
cign manufactures that II creates
! very great incentive to develop hom
J industries. 50 that while increasing tn
exports of silver countries 10 gold maj
: kets tie depreciation of silver serious
? " cripples the exports Of Europe int
the silver countries" "
Mr. Romero's views on this matte
arc shared ty the diplomatic repre-
4 sentatlycs Of other Latin-America
5 countries 1t IS pointed out as a hops
D ful sign that the German governmer
Q already has commission considerin
!, the subject over which the sccretar
d Of the imperial treasury preside
y Among the questions presented TO thi
9 commission were those Of keepin
| stable the price OF silver and the be-
z basis for an agreement Of nations Q
x the subject.
% The change in the latitute Of Europ
y an nations, Il Is suggested, may lea
x TO the discovery that the Latin Amer
ID .an nations are considering the effect
< concerted efforts on their part for u
y purpose OF defending silver. It HI
ar been pointed out that these countri
n are getting tired Of paying IL per Ger
r interest on their bonds instead Of 6p
cent, and that they may determil
upon radical measures TO resist abs
be iutely further increase in the rate
IS interest which would be caused by
y farther fall in silver.