The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-26
USE OF SILVER AS MONEY.
Minister Romero Talks of the Worlds s
Financial Problem.

E1uanCldl ErODiem.
Washington Feb. 25.-Important and
interesting information as to the present
aspect of the international monetary
question is derived from Senior Romero,
the Mexican minister to the United
States. In response to inquiries from a
representative of the Southern Asso-
ciated Press, who called his attention
to the published statement that
England. Germany and France
were about to take the initiative
IN calling new monetary conference to
consider the silver question, Senior
Remero said: THE secretary of the
treasury of the Mexican government in
formed me by personal letter, dated Jan.
IT, lo94, that according to private advices
the German government was leaning
toward policy regarding silver which
would prove favorable to that
metal, and that it was almost sure
that the international conference
would convene again with better
chanceS OF favorable results. As long as
the United States or any of the CONNER
cal nations Of Europe take steps to pro
mote the interests of silver, il bee ONES
the atln-American nations using that
metal as money 10 keep in the back
ground and follow the lead Of others.
MAY HAVE TO ACT FOR THEMSELVES.
But II the information should prove
incorrect the situation of the sta tes using
sil'eras money becomes so difficult that
tney Will have to take the question into
lnelr own hands and come to some con-
Gqsion SO far as they are
a0Ie to do so with view to pre-
vent further decline in the
price of silver and to awaken the
interest of the financial world on the sub
Ject. 1t is likely that some of those
uatlons will convene conference of the
sTates using silver as money among which
al the Latin-American states will be in
GUIDED as well as some of the eastern
ua5lons, IN order TO study the question
anu come to an agreement with view of
ooIalnlng the result.
BURNING QUESTION.
\, Ihis is burning question, not only to
MeAlco, but TO all the silver countries of
.ne world. II is impossible for Mexico
10 demonetize silver because that would
orlng universal ruin TO US and rather than
accept such an extreme measure we
"oulu make up our minds to depend upon
or own resources. Fortunately, we can
produce enough agricultural articles of all
t tne 1ones to supply our wants, and, al
tnough our manufactures are yet crude,
LeEE would receive great impulse by the
u4gh rates of exchange.
EURoPE's GREAT INTEREST
Ihe commercial nations of Europe are
nlore particularly concerned in the ques-
non because the high price OF exchange,
vi Ihe difference between the price of
Solu ana silver, constitutes such a great
o0uhty to exports of the commodities of
s!Ver countries, which are produced at
slIFer prices and sold on the
kolu markets at gold prices and this so
Increases the price of foreign manufac-
lures That 1t creates a very great in
.eutlVe TO develop home Industries, so
1uaV whle increasing the exports of sill
yer Countries to gold markets the de-
Preclaton of silver very seriously cripples
-I' one exports of Europe into the silver
countries" "
NoAkho's VIEWS SHARED BY OTHERS.
Mr' Romero's views on this matter are
snareu Dy the diplomatic Representatives
Vi olher latln-American countries 10 is
pointed out as a hopeful sign that the
German government already has a com
mission considering the subject over
"ulch the secretary Of the imperial
treasury presides. Among the
iuestlons presented 10 that commission
we're those OF keeping stable the price of
oHfer, ana the best basis for an agree
Hieht OF nations on the subject The
Shahged altitude OF European nations IL
~ suggested, may be due 10 the discovery
tuat the Lalin-American nations are seri-
olhIy considering the probable effect OF
.uheerleh eIort on their part for the pur-
lpst oi defending silver 10 has been
lYlnlel out that these countries are get
slnt Afea ~ paying " per cent Interest
" lheiF bonds Instead of . per cent, and