Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-02-09
POLICY
OF German Government
as to Silver
IMPERIAL CHANCELLOR, PRINCE
norENLOuE, MAKES a DECLA-
RATION IN REIousrAo.
THE GERMAN MINING
Is THE FIRST THING Considered
ny HIM.
wouId Take Into Consideration Ger
man Representation ut an inter
national Monetary Conference.
THE GERMAN MINING
is THE FIRST THING CONSIDERED
ny HIM.

Berlin. Feb, s.-tCopyrlghtcd. 1896.
brought to bear upon the government
by the Germun blmetallists has re-
suited in squeezing from the ministers
a abatement OH the subject,
The Imperial chancellor, Prince Hoo
honlohe, In the relchstag today, made
the following declaration OF policy IN
this connection:
I'VE have gone cNhnustively into the
question OF raising and strengthening
the value of silver. with the Federal
governments, being guided by the con-
Vietion that the nuetuation and heavy
fall In the price OF silver entailed eco
monte prejudice In Germany In spite
VI the fact that her monetary system
rested securely ON the gold standard.
AS the secretary Of the treasury
stated on February II, 1925, the first
point to be considered IN the serious
Injury to German silver mining. The
production OF German silver amounts
to about per cent. OF the total out
put OF the world. A fall In price II not
Uf such moment In the immensely
larger production OF foreign ores, but
to Germany Il implies such n decrease
In value as to endangcr home silver
mining, Another point Is It's influence
hi'Nn NfNllNNil fNlflAN W NliNtT CNun-
tries. There Is no doubt that trade
With them Is made with much more
difficulty Ivy the fluctuations and the
fall IN silver, But German export trade
TO silver countries has suffered from
the conditions of exchange.
81 do not underestimate" he added
'thc Importance OF the effects pro-
ducei by this cause But they must
not he placed too high, our exports
to silver countries amount only to
three-fourths OF our total exports
The official statistics prove that tho
deprecated currency OF silver coun.
tries contributes TO facilitate competi.
ton with the exports ~ this country
until the moment whom q compcn-
sating influence arises and home
prices ana wages establish themselves,
the final result heing that tho silver
coins be degraded 20 the level OF the
paper money. This depreciation. how
ever does not endonger our currency,
because our trade Ia nbundantly sup-
ported By gold, and the Imperial bank
notes adequately covered by the gold
reserve, and the silver money lnee
not exceed the demand which even in
times OF crisis II not likely 10 diminish,
Although rise In the price OF aiIvor
Is highly desirable from economic
md mint standnoints yet no douht
the goni can only be attained by an
understanding with the counties inter.
ested In international commerce, OF
which there Is not present prospect"
ing;
"A monetary conference would not
bring the question nearer TO n practl-
cal solution, ana therefore II appears
to be undesirable that Germany
should take the lead In summoning a
conference The Federal governments
arunE upon their conviction. have de-
clded not 10 take any further stepe IN
pursuance OF the resolution OF the
ieichstag Of February "a. 1896 IT,,
such were made on behalf ~ another
atate, should duly consider the ones.
uon Of German representation at a
During the arrnrlan discussion In
inc diet on "Wednesday last, Count
Won Hohensbroch declared that 10 ont
OF 30 cases OF trichinosis In porlt ala
covered In Germany was Imported
from America, and he called Tor
more stringent examination OF Ameri.
can pork.