The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-05-22

DIFFICULTIES BETWEEN CHINA
JAPAN - ENGLAND ANXIOUS TO
TAKE THE OBLIGATION OF PAY
ING JAPAN HER INDEMNITY IN
GOLD - MUCH DEPENDS ON THE
ATTITUDE TO BE TAKEN BY THE
UNITED STATES ON THE QUESTION
OF BIMETALLISM.
washington Special to st. Paul Dis
patch. Peace negotiations between
China and Japan will not be consum-
mated until the question of an inter-
national monetary conference is deh-
nitely settled. The attitude of Germany.
France and Russia on the cession of
important strategic points to Japan is
not the true cause of the delay in adju-
dicating the Eastern question. Great
Britain views with dismay the fact that
great indemnity that China is to pay to
the mikado of Japan is to be paid in
silver The bankers and brokers OF
Lombard street have noticed the rise in
silver bullion within the past month,
and there are serious apprehensions lest
it reach figure high enough to war
rant the token money of the East, known
as the roupees of India, to have real
value, and not merely representative
value as has been forced upon India by
the gold monometallism of England.
Great Britain failed some years ago to
get any financial hold on Japan whereby
she could control legislation. The peo-
pie of Japan live very cheaply, and un-
+4v no
considered as worthy of great consid-
Grafton whenever any international
treaties were being consummated.
Nevertheless the outcome of the war
between China and Japan has suddenly
placed the mikado at the front and he
is being assiduously cultivated by the
ENJOYS of Great Britain now, who are
willing to take the debt of China and
pay it off in gold to the Japanese gov
eminent, provided a proper discount Is
made, and thereby create "bear" move
ment in the silver bullion market.
The statesmen of Japan, however.
seem to be alive to the exigencies and
are awaiting the assembling of the
Fifty-fourth congress of the United
States before anything like an agree
ment with England is effected. The
United States has been offered the very
tempting possibility of having one or
two of the last gold bond issues wiped
out, if this administration will enter
into a deal with England to force a
gold payment from China. 1t is under
stood here that if this administration,
which is singly and distinctively Anglo
American, would enter into an agree
ment with Great Britain and Japan
for commercial purposes that the gold
now stacked up in the bank vaults of
Wall street and held as the lawful re-
serve in the great banking institutions
of the country would go to big premi-
UNI. For conditions would be exactly
changed and this game Of battledore
and shuttlecock that is being backed by
the gold trust of the world would then
be played for the interest of the united
States, By making every dollars worth
of gold held In America worth enough
to purchase two dollars worth of the
Chinese Indebtedness to Japan, the same
to also be payable in gold. If the
scheme is not consummated before con-
gress assemblies, it never will be. And
1t now depends on the sublime nerve of
Grover Cleveland and Ambassador
Thomas F. Bayard, the United States
minister at the court of St.. James,
whether it will be carried out or not
Cleveland and Bayard are controlled by
English financiers.
The now famous Rothschild loan was
manipulated in the interest of the Lon
don banks and their agents in the
United States. Bayard prevented a
treaty with the government of Nicar-
aqua going through the senate when he
was member of that body, whereby
the United States would have control
of the Nicaraguan canal. He has also
prevented any national legislation look
ing toward American control of that
great enterprise since he has been sec.
rotary of state. The struggle on the
part of the governments Of the old
world to adjust their financial condi-
items so that there may be bimetallie
basis between certain of the powers
against England is now on. Discount
it as much as they may, and ridicule il
as much as they dare, the advocates Of
the gold monometallic proposition are
forced to admit that there is a financial
warwar already on with Great Britain
Narrow margins of cash no longer
settle great balances. And there is M
longer any universal confidence to hole
the pillars in the temple of business
confidence together. A monometallit
standard of either silver or gold in the
United States without a great interna
tional convulsion is impossible. Ger
many has already declared for a BIZ
metallic conference. France has tha
system now. Japan's star is in the as
cendant with her financial substructur,
built on gold and silver. The peopl,
of the United States when called on t,
express their sentiments, must decid.
between gold or silver monometallisn
and the consequent return of confidenc,
and business prosperity. The nations o
the old world are watching the United
States.
THE GOLD CLAUSE IN CONTRACTS
To the Editor:
Befere l would give an obligation pay
able In gold, 1 would forge and ute
paper for the sum I wanted, and tax,
my chances ON the defense in a r,lno o.