The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-09-19
Hone for the White Metal.

WASHINGTON, Feb. .25.-lmportant and
interesting information as to the present
financial monetary question is derived
from Signor Romero, the Mexican min
lister to the United States.
In response to enquiries from rep
resentative of the Southern Associa-
ted Press, who called his attention to the
published statements that England,
France and Germany were about to take
the initiative in calling new monetary
conference to consider the silver ques-
ton, Mr.. Romero said: "The Secretary
of the Treasury Of the Mexican Govern
ment informed me by personal letter,
dated January 10, 1894, that according to
private advices the German Government
was leaning towards 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 fa-
vorable results. AS long as tho United
States or any of the commercial nations
of Europe take steps to promote the
interests of silver, it becomes the Latin
American nations using that metal as
money to keep in the back ground and
follow the lead Of others.
"But if the information should prove
incorrect, the situation of States using
sA~~
they will have to take the question into
their own hands and come to some con-
clusion as far as they are able to do so,
with a view to prevent further decline in
| the price Of silver and to awaken the ln-
terest of the financial world on the sub
subject. It is likely that some of these
nations will convene conference OF the
| States using silver as q money, among
which all the Latin-American States Will
be included as we'll as some of the East
ern nations, in order to study the
question and come to an agreement with
a view to attaining the result.
"This is burning question, not only
to Mexico, but to all the silver countries
of the world. It is impossible for Mexico
to demonetize silver, because that would
bring universal ruin to US, and rather
than accept such an extra measure, we
would make up our minds to depend
upon our own resources. Fortunately
we can produce enough agricultural
articles of all the zones to supply our
are yet crude, they would receive
great impulse by the high rates OF ex'
change.
"The commercial nations of Europe
are more particularly concerned in the
question by the high prices of exchange
| for the difference betwean the price ol
gold and silver constitutes such great
bounty to exports for the commodities ol
silver countries, which are produced al
silver prices and sold on the old markets
at GOLD prices, and this 30 increases the
price Of foreign manufactures, that II
creates great incentive to develop home
industries, so that while increasing the
exports of silver countries to gold mar.
kets, the depreciation Of silver very seri
ously cripples the exports of Europe into
the silver countries"
Mr.. Romero's views on this matter are
shared by the diplomatic representatives
of other Latin-America countries. It Is
pointed out as hopeful sign that the
German Government already has COM
mission considering the subject, over
which the Secretary of the Imperial
Treasury presides. Among the ques-
/ tions presented to that commission were
those of keeping stable the price of sill.
yer, and the best basis for an agreement
of nations on the subject. The changed
attitude of European nations, it Is sug.
gested, may be due to the discovery thai
the Latin-American nations are seriously
considering the probable effect Of con-
certed efforts on their part for the pur'
pose of defending silver. It has been
pointed out that these countries are get
ting tired of paying twelve pence interest
on their bonds instead of six pence
and that they were determined to resist
absolutely further increase in the rate
| of interest, which would he caused by 8
| further fall in silver.