Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-06-17
THE WHITE METAL
Perm Dzncmran Ea-Hewever che Om&-s
Heck In Kos gkaEasDrnARe-

PGwM DzmcME68 E4-HoWHGEer the OW&uf
lock In Net gEaEasoraARe.
Nothing Is more apparent than that q
resolution in The monetary kystem o.
the world Is gradually taking place
Whak the ultimate resnat VIII BE thu
most expert 6nancsers do not attempts
80 predict with certainty
The latest country 70 make startling
change, and one apparently inconsistent
with It's own interests. Is Peru. one of
the South American republics The
president OF the repnblie Ssztes that
there win be no silver imp0rtatiOns
after May %, and Peru win go 10 the
gold standard The reason for this -
said 20 be that i Is desired 70 sell
Per1's securities. and that the country
was unable 10 do 50 unless II declared
for the gold standard.
Japan and the silver question has
been the subject OF consideration in
London and Paris monetary circles ever
since Japan declared for The gold stand
ard. The true state Of affairs. how
ever. in Japan. was discounted by the
bullion dealers and BY those who gen
orally dictate The price Of silver The
action of Japan, as = matter of fact.
had a depressing effect upon The white
metal. bat now il has been ascertaiEed
that. after al. Japan VIII have no sur
plus silver 10 sell. inasnnch rs the yen,
held by the people ard the banks, In
future VIII be used as = SORT. OF fraction
al currency. The Financial Times OF
white metal would have 10 rise above
- 3-l66, the intrinsic parity of the ven
in the new monetary system before the
japanese silver coin could be sold in
London.
The influence OF the new japanese
monetary system Is now being felt in
French government circles The au-
thorities are considering the desirable
ify of changing the monetary system
Of Indo-China BY introducing there the
system Of the mother country. retaining
for interaal circulation French piasters
and refusing TO allow the coinage OF
French piasters at the Paris mint by
private parties
A rumor Is current 10 the elect that
the Mexican government contemplates
the introduction OF the gold standard,
although il Is hardly credible, and there
and OF the gold using and gold leaning
countries would very much desire such
change on the part OF the Mexican gov
eminent
In the face of al these changes, which
upon the surface are apparently adj
verse 10 the fuller and freer use of the
white metal. it would look as if Senator
Woleo44 and his associates had p hercu-
lean task upoa their shoulders Newer
thelesS il NAV be true that exactly these
unfaxorable conditions win render the
silver commissions work peculiarly
opporTune- The whole world seems 10
be at work upon the monetary problem
and there could therefore scarcely be q
better time at which 10 get the hearing
Of the world for proposed change in
systems Especially should this be
true when ii IS proposed TO effect a uni-
wersAl system Senator Wolcott may
have a far CRY ahead 10 the day when
he viii accomplish anything direct and
definite. but he has struck method
which is perhaps as expeditions as any
that could be devised apart from indie
pendent free coinage on the part of the
United States, and his zeal and energy
In SO promptly and vigorously inf1u-
encing the republican administration
TO fulfill its pledges as to an inferna-
tional monetary agreement are certain
" TO be commercially Times