Evening star., 1899-06-13
Mr.. Moreton Frewen Talks on Oondi-
tions Here and Abroad.
Our PROSPERITY FELT IN ENGLAND
Probable Conference of the Powers
on China's Partition.
s ITU ALTON IN DIA

Moreton Frewen, the English economist,
arrived in Washington yesterday and will
leave for Canada today. He will return to
the United States and remain probably five
or six weeks Mr.. Frewen talked inter-
estingly this morning with a Star reporter
about conditions in Great Britain and the
United States and on International Ques-
tions. Being a bimetallst and an admirer
of Bryan, what he said about conditions in
this country was significant and interesting.
The United States, he said, was experience
ing an imitation Of currency and credits
which produced condition Of amazing
prosperity. The blessing of abundant pro-
ductions of the soil, the extensive increase
in the supply Of gold from the mines and
the imitation through loans had increased
the volume of currency and credits, as, in
his opinion, the restoration Of the coinage Of
silver would have DONE A rise in prices
and amazing prosperity had resulted. How
enduring this prosperity might be he could
not say. His own opinion was that there
would be a reac ction, and after awhile an
outgo of gold. The effect of the prosperity
of the United States was already being
felt in England in the fall of prices there,
and when prices had fallen low enough
there 1t would encourage exports to the
United States, in spite of the tariff, and
there would probably be shifting Of the
balance of trade, and gold would then be
gin to again pour out Of this country. He
thought the American administration fore
saw this. and for that reason was anxious
to secure legislation as speedily as possible
to protect the gold reserve.
The Partition of China.
With respect to the relations between
England and the United States, he said the
sentiment In England in favor of close SYM
pathy and cooperation between the two
countries was stronger than ever, and, he
thought, quite as hopeful. The common in
terests of the two countries must draw
them together, and they must progress TO-
gether along the lines of material develop
ment and in the worlds civilization; He
did not know how fully the people or TINS
country appreciated this nations interests
in the orient, but he believed that 1t would
soon be realized that the Chinese problem
was one that concerned the United states
as much as any other power. The open
door proposition with respect to emma, ne
said, had really been abandoned, and there
was no longer any doubt that there Woulo
be partition Of China into spheres OF lnnu-
ence, each nation to develop the sphere
under it's influence by the building OF rals-
roads and other enterprises.
Within a year, perhaps he said, there
would be conference of the powers on TINS
subject All the great powers would ne
represented. The United States would be
invited to participate, and would undoups-
edly have representatives present. ne
thought the United States would particl-
pate In the partition, and that the spheres
Of influence of the two English-speaking
nations would be extensive. with the
United States and Great Britain, between
them, exercising influence over perhaps
half of China, immense development OF the
two nations would follow, and an Anglo-Sax-
on federation would do more to secure dis
arma ment and thu establishment OF univer-
sal peace than could be hoped for from any
peace conference under present European
Islands to the United States must be as an
outpost Of American-Chinese trade.
When asked If he thought all danger of
armed hostilities growing out of the Chi
nese question had passed, he said he dld
not think 1t had.
Situation in India.
Speaking of the situation In India, he said
that he did not think that the commission
which would soon report on the finances of
India would recommend at this time the
establish hment of the gold standard there,
but that neither would they recommend the
reopening of the mints as yet. A rate of
exchange was now maintained which salts
fed the business interests. In some quar-
ters the accumulation of about fifty mil
lions sterling of gold as a chest for INDIA
and the permanent establishment OF the
gold standard was favored. He thought
that the development of the eastern trade
by Great Britain and the United States
would be beneficial to silver, and he was
Inclined to the opinion that President Nc
Kinley had this idea in view In connection
with his policy in the Philippines
Mr.. Frewen was in this country during
the campaign of '9S and was greatly inter-
ested in Bryan's campaign. He said today
that watching developments here from
distance, he had come to the conclusion
that while the trust question would figure
largely in the next presidential campaign,
the money question would preserve its i'm
o fhOnQhf pf a
in this country were in favor of the coinage
of silver at some ratio.