The Mena star., 1899-04-13

The Honse Caucus Committee on Currency
 Reform to Begin Work Monday-New
 York Banks Against Issuing Notes
 Based ClrcnIatlon-Gea. Hrooke's
 Plan oF Credit Extensions in Cuba. 1 Washington, April 12. The report of the British Indian currency commis- sion is misleading so far as it tends to show that there has been any serious consideration by the American cabinet of the question of another interna- tional tary conference, or of the ratio for the coinage of gold and sil- yer There is the highest authority for the statement that there has been no serious consideration of the ques- ton by the cabinet since the failure of the last monetary conference, and that it is highly impro bable that the United States, under the present administration, will take an initiative for the calling of another. It can be said on the same authority, however, that the United States will accept any invitation that may be is- sued by any other nation for such conference, and that the present ad- ministration would be inclined to go as far in increasing the use of silver as other leading commercial nations might be willing to go.
 George K. Roberts, director of the mint, whose official position gives such significance to what he says said to- day that he was formerly an advocate ot an international agree ment, but that in view of the great change in the situation, due to increased gold production, he did not believe that such an agreement was now possible. because there was no longer necessity for it and it would be impossible to in- ! terest people in it. ''The increase in gold producton,' he said, "is almost inconceiyable. have made calcu- lation based on the most reliable data obtainable, which shows that by the year 1900 the annual production of gold alone in the world will equal the production of gold and silver com bined in lS96."
 To Work A Currency BiiI
 Washington, April 12.-The house caucus committee on currency reform will begin its meeting at Atlantic City Monday, in an effort to frame bill embodying reforms in currency and banking systems. in this connec- ton information has come from Wa.h- ngton that the leading New York bankers will oppose the scheme which has been suggested of amending the banking laws so as to permit banks to issue circulation upon assets not now included in their authority. It has been supposed that this plan was the hobby of the banks. It may be of majority of small banks throughout the country, but it is now said that New York financiers oppose the proposition. It is well understood by the committee that the reason of the opposition is that the New York banks, by reason of their large depos- it's, do not have to issue notes in order to make loans, and that they desire to deprive the country banks of the op- portunity of so doing. New York has no epresentative on the caucus com mittee, but her importance as the mon- etarv center will undoubtedly receive due consideration.
 Chairman Babcock, of the re pu blican congressional campaign committee, who is also a member of the caucus committee, is now in Washington. He says he thinks the committee will make up bill, although he does not venture to forecast it's character The general belief is that the leading fea- ture Of the bill will be the enactment of the presidents recommendations relating to the green backs and the breaking of the endless chain raids on the gold reserve.
 Credit Extensions In Cuba,
 Washington, April .2. -The princi- pal subject of discussion at to-day's cabinet meeting was an elaborate plan of credit extensions in Cuba which has been presented by Gen. Brooke and his cabinet council, but reached no con- clusion. The S20. GOO to be paid Spain according to the peace treaty will be by draft on New York.
 Kansas Denar.rs Win.
 Liberty, Mo, April 12 The inter- collegiate debate between William Jewell college and Ottawa university last night resulted in victory for the fr ts.x