The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-09

WOULD DO NO GOOD
Chancellor hohenlohe's Opinion Of \
Monetary Conference.
GERMANY IS ON A GOLD BASIS.
Only Conclusion to BE Drawn From
His Statement.
GERMANY IS ON A GOLD BASIS
STRIKES TO BE INAUGURATED.
Several Trades and Thousands OF Persons
VIII Do Anscted--Movs Against
American Pork.

heriih' FEBRUARY S,--tCoryrlghted, 1896,
by the Associated Press )--Pressura
brought to bear upon the government by
Tho German bimetallsts hus resulted In,
squeezing from the minister's a statement
ON the subject The imperial chancellor.
! Prince Hohonlohc, In the reichstag today
made the following declaration of policy
| IN this connections:
| I'VE have gone eNhaustively into the
question OF raising and strengthening the
value Of silver with the Federal govcrn-
mcnts. being guided by the conviction
| That the fluctuation ana Heavy fall in
the price Of silver entailed economic pref
udice in Germany In spite OF the fact tlrit
her monetary system rested securely on
the standard
ms the secretary OF the treasury stated
on February II. 1895 the first point to he
considered is the serious injury to German
silver mining. The production OF German
silver amounts to about . per cent of
the total output Of the world. A fall
IN price Is not OF such moment in the
immensely larger production Of foreign
ores. but to Germany II implies such II
decrease In value ms TO endanger home
minus
Nnolhor point IN Its influence upon
German exports to silver countries There
Is no doubt that trade with them Is made
much more difficult by fluctuations ana
we ihi IN SILVER although lately the fluc-
un'onS nave been comparatively small
nnu 'hosc Interested have been able to
hhd means OF security against losses But
German export trade to silver countries
uhs SUFFERED from the conditions of OK
change.
90 not underestimate" he adds, the
Importance OF the effects produced by
lbis cause, but they must not be placed
100 hlgh. our exports 10 silver countries
amount to only Y per cent of our total
exports ana IN spite OF the setback during
the months when sil<er fell they have,
Oh tne whole. ma"' favorable progress.
ne o,hc'n' statistics prove that the de-
precia'od currency of silver countries con
tributes 10 facilitate composition with the
"AhprtS or those countries until the mo-
mont when compensated Influence rises
ana nome prices and wares establish
themselves, the mai result being that The
sllNer CONS become degraded to the level
81 paper money THIS depreciation. how
ever uoes NOT endanser our currency. be-
,aus' our 'rahe II abundnntly supported
Wy E"iu una inc imperial bank notes
uu,Puu,ely covered by me goid reserve.
i"u thr SILVER money does not exceed the
loh'n,u, Whon even III times OF crisis IL
no, iN'N W u'hiilsh.
"a me oiher mana. the danger from
'""nt,,l'u 'olhhge mas been increased by
Nv i'n 81 SlNer' hihougn mere was only
nv '''" IN i%,' f"' ran IN the price
>, n,'N,. wi'i a'Whys serve ~ an induce
,iont w c"ul'.rlci.'nE' therefore, AZ
uiouk" r'se ~ 'ne price or siver
,'hni. ".s""ul' 'ro'" ecphonhc ana mint
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