Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1894-09-08
A TALK ON SILVER.
The Foreign Situation as Reviewed
by Distinguished Visitor to
the Rocky Mountains.

Denver, Sept. S.-Baron Won RIGHT
hofen, of London, is in the city. Speak
ing of the progress of bimetallism in
England, the baron says:
"All England is suffering under the sill
yer depression the same as the civilized
world, but in London the bimetallic
league is making valiant campaign of
education with marked results. They are
holding meetings two and three times
week in London which are attended by
the bankers and prominent men of the
city. Lectures in bimetallism are deliv-
cred by university professors and others
who have made the subjec a study, and
the number of those who are interested
listeners is constantly increasing.
TAKING FIRM HOLD.
"This shows that the subject is begin
ming to take hold of those who have
hitherto remained in ignorance of it, but
whose interests have been vitality affected
through the blow given to silver. In this
way the educating process is going on all
the time and in my opinion it is not
difficult to forecast the ultimate result.
"The remonetization of silver depends
upon London. The people of the manu-
featuring districts are bimetallists to a
man. They see how the present position
,, of silver affects their interests. Their
business is practically dead and they do
not believe it will revive until silver is
restored to its true place in the circulation
of the world. If London would say the
word, bimetallism would be operative at
once. France and Germany are ready for
it and with the United States and Eng
land in favor of silver, bimetallism would
| be fact. Hitherto the London fnanciers
have been monometallists through force
of education, and they have been utterly
Indifferent to the silver question; but
now their pockets are effected by the
universal depression and they are forced
to look at the attitude of the country to-
ward silver as one of the causes of this
depression, and are thus set to thinking.
1t is only a question of time when they
will recognize silver.
"The new government, when it comes
| in, which may be this year or noxt, or the
year after, will undoubtedly make a
| change. The present government itself
/ is not by any means united in It's fnan-
cial policy. The landed interests, repre-
sented more particularly in the house OF
lords, have suffered SO much from the ex-
isting conditions that they will favor bi
metallsm when the matter comes up.
FORCED VALUATION.
"In India they have had to establish
an arbitrary value for the rupee, the sill
yer unit of currency in that country; but
they will not be able to maintain it
They have tried to fix the valuation at
shilling and pence to government off
cials in order that their remittances tt
England may approximate face amounts
but system of this kind can not last
when the real value of the rupee is bu
slightly above a shilling. So something
will have to be done with the question
very soon.
Germany is largely an agrlcultura
country, and the people are ardent bimet
alists. France, too, is the same, and the,
would all hail with Joy the internationa
declaration of the restoration of silver tt
its true place in the money of the world