The Daily Texarkanian., 1895-01-02
SILVER FOR CHINA.
The Settlement Between China anC
japan May Help the Financial
Situation.

Situation.
WASHINGTON, D. c., Jan. L.
There is an unusual interest mani
tested among public men here in
regard to the very important mat
ter that will come up soon in re-
gard to the large indemnity that
China will be compelled to pay ia
pan. 1t is almost universally con-
ceded that most of the indemnity
will be paid in silver, and as the
United States is the only country
that has any large amount of silver
on hand that it can spare without
any great inconvenience to the
government or its people, the in
denlnity sum, however large it
must be, can be obtained only in
the United States. The first step
taken by China towards securing
this large sam here will immedi-
ately cause silver to jump up in
price to near the figure it was rated
at before legislative juggling die
tated by Great Britain and Wall
street caused the price to fall to its
present quotations.
This fact will not only have Gan
important bearing upon the none
tary question here, but in Europe
and Asia as we'll If the silver is
obtained in the United States it
will no doubt be paid for in gold and
therefore, stop the continuous ex.
port of gold from this country and
cause very large importation of
gold, At the present time Great
Britain gets from $25,0OO,O0O to
$50, 900, 900 in silver from this coun-
try annually, or more if needed, to
use in the trade with Asia, and in
controlling the coinage of the
metal prevents the money or coins
of other countries with the ex-
ception of a small supply from Mex
ico) from circulating there, The
United States now has $500, 600, 900
in silver, including the fractional
silver coin, in it's treasury. When
China decides she must have this
money, why cannot this country
say that it will coin, as soon as pos
sible, $50, 900, 900, or II necessary,
$3.50, 100000 for China, from the
silver in the treasury. Now,
could possibly be arranged by any
kind Of an agreement, let this gov
ernment issue the money in it's
own coins as of present issue and II
would thereby force its coins into
circulation there where now Great
Britain controls the class Of money
in circulation. China Is in such a
condition now that almost any
thing would be gladly accepted to
get out of the present grave and
embarrassing situation,
Japan feels kindly to the United
States, and without question, would
be glad to sieze the present favora'
bic opportunity to free herself from
that money power of Europe, that
has dictated for century almost
the financial affairs Of Asia. II i'm
possible to get those countries tC
use the coins Of the United States
then negotlate to supply the bullion
for them; or, If possible, make the
coins for them. Let certain persons
high in official position, and the
Congress, take immediate steps tc
try to help the silver situation, ano
they will at the same time be help
ing the gold situation, The free
silver coinage members Of Congress
should make an important move al
once. If this government can once
| get its coins and money in circula
tion in Asia, It will be worth untolt
millions annually. AT the present
time the Mexican dollar (reso) II
shipped from SanFranclsco in large
numbers in preference to the mon
ey Of the United States, Why can
not those high in official position
and Congress take prompt and i'm
portant steps to relieve the sllyei
situation, the business men an'
farmers Of this country, and be o
some aid and assistance to the hun
dreds of millions of Asia, at th'
| oa,,,n tinae all Ia "A commercial lint