The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-01-28
CHAMPION OF THE WHITE METAL.
Sir MOretOn FreVvin Outlines Some
Prospective Legislation.

Prospective Legislation.
When Sir Moreton Frewen, one of the
English stockholders of the Cane Consolt-
dated Mining and Milling company, was
in this city some time ago he said good
words for silver as was ever the case with
him. He was then ON his way to the gold
fields of Coolgardie, Australia, where he
has just introduced the Crawford mill
in which he is interested. The baronet
was in Sydney, New South Wales. a short
time ago and there gave the reporters on
the Herald an interview on the question
OF Tree silver. On this subject he said.
The intention is to convene 4 confer
ence of the nations, when the United
states will offer great tariff concessions
70 thoSe nations which viii agree to ac-
cept payment of an adverse trade balance
in either gold or silver. 1t is felt ut
Washington that this is the easier way
to reason with England. If the alterld-
ttVeS Oered are bimetallisru exchanges
and moderate tariffs, or gold and prohib-
TORY tariffs, business men both IN Eng
land and in New South Wales will have
a strong claim to be directly represented
at the next monetary conference Hith-
erto these meetings have been attended
by London bankers, whose interests, Of
course, it is to maintain the great in
crease in the value of gold-the premium
Of gold over goods"
Being asked as to the conditions of
business in this country when he left.
Mr.. FreWen said further:
1.-THE depression is general and especi-
ally. is the railway situation deplOTable.
Wheat cotton and the other staples have
fallen to such a point that railway rates
have had to be cut in half, and are now
ur,remunerative. In 1888 the net earnings
of the American railways were 81 600 a
mile, while for 1893 they were only $50
There is no more desperate evil than q
great sudden subsistence in the level oil
prices owing to a rise in the value Of
money, and the sooner by an information
al agreement we can again secure ar
abundant and expanding volume of money
and at the same stroke settle the eX
change trouble with eco, 0O0O00 of COOS
customers in Asia, the better for a world
which is suffering from this silly currency
experiment of 1875. OF all human aSen
cies,' said WaloWski, money is that ont
| the work 1t performs and the moderI
attempt tC destroy One-half of this val
liable machinery is more than q. folly
! IL is crime"
The Post, in commenting on the inter
the double-harness arrangement by which
| Mr. Frewen suggests that bimetallisn
and moderate tariffs are TO be put owe
| the international course, with view L
| easing UP the grave embarrassments tina
dustry from one end of the earth to tn
other are not conspicuously manifest a
| vet but there is likely to be more or les
| foundation for the utteraEces in Whic
Mr.. FreWen INDUCES and for the fait
| that ne appears TO have. The line Of POI
icy pointed out, If once found practtcabl
and fayorably accepted abroad. WOul
doubtless lead to benehcent results, an
the time is near at hand when tn
United States viii be in position, II "
SO elect, to lead rather than to follow
anY renewed movement or internationa
bimetalliSm."