The Daily Texarkanian., 1894-04-05
SILVER SITUATION.
A Bright Outlook for the White Metal
Through an International
Conference.


Conference.
There is phase of the silver
question: which affords bright prom
Use for the white metal and its sup
porters, in the United States, but
which appears, thus far, to have
passed with but little notice, in this
country, which, nevertheless, is
found to have very greet influence
upon the solution of the silver
problem, that is now perplexing
the financial world,
1t will be remembered that the
London chamber of commerce a
few weeks ago submitted a memoir
ial to the British government pray
ing for an international inquiry in
to the causes of the decline and
fluctuation of the value of silver
and for relief from the embarrass-
ment and losses suffered therefrom
by British Merchants doing bust
ness with countries where silver
money is the common currency and
the standard of value. The repre-
sentations of this memorial were ex-
tremely serious, and coming as it
did from the most conservative com
mercial organization in the world,
which until now has never even adj
mitted that silver might or could be
money, it demonstrates that the
pocket nerve Of England is being
severely pressed,o her merchants
would not cry out in pain.
No notice was taken of the me-
mortal by the government. 1t came
just as the change from Gladstone
to Rosebery occurred, and has prob
ably been buried under other mat
ters or else dropped into waste
basket
But now another blow has been
struck at the same tender spot, and
the result is an even louder remon-
STRANGE and an appeal to the gov
ernment for protection.
Some weeks ago, under instruc-
tions from his government, Mr.
Romero, the Mexican minister, ad
dressed letter to the representa-
tive in Washington of each of the
Latin-American republics and to
Secretary Gresham, suggesting a
conference of American nations
with view to a united effort to
secure the recognition of silver in
money, or some other form of re-
lief from the conditions that have
followed it's depreciation No re-
sponse has been received from the
United States, but the representa-
tives Of the other republics have
forwarded the suggestion to the re-
spective governments with favor
able recommendation, and it is
probable that all will agree to a.
conference in Washington during
the present summer. No date has
been set, but the details will prob
ly be left to preliminary confer
ence of diplomatic representatives
in Washington
1t will be remembered that this
subject was one Of the principal
topics considered by the interna-
tional American conference, and
that no conclusion was reached be-
cause Of division Of opinion among
the delegates from the United
States. There we're two reports on
the silver question, one Tor and one
against silver, and the conference
finally lodged the issue by referr-
ing the topic to the consideration
of an American monetary confer
ence to be held in Washington the
following year This conference
met, Judge Tree of Chicago, ex-Sen-
ator N. p. Hill Of Colorado and Mr..
William A. Russell of Massachusetts,
representing the United States,
All Of the governments except the
United States agreed, as they did
at the original conference upon the
issue of a common silver coin Of an
equal number Of grains and equal
fneness by each nation, to an
amount in proportion to it's com
parative population; but as the I'm
tied States would not agree to this
proposition, report was signed
which read very much like the old
lady's opinion Of the Christian re-
ligion, "that it was good thing
if lived up to-