The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1901-06-14
4 MARKET FOR OUR SILVER
PLAN OF GEORGE E ROBERTS.
Estasissh = Atst ~ Aaatla $50 Cot.
TIE Assvteas stis~r-Ts Make =
cstn 81 Special sts~-This Cssssry
- rtx the Price.

Denver. June s-The Denver Time
publishes an interview with George z
Roberts. director of the mint. regard
Ing the proposition for the establish
ment OF = mint al Manila.
Il have heard nothing OF the matter
since the adjournment OF congress-.
said Mr.. Roberts. ~bus know that Il
Ia receiving the attention Of the wal
department. which Is obtaining all the
possible information on the subject
Army officers seem TO favor the esssb
lishment Of mint al Manila. and IA
effort To substitute American coinage
for the Mexican. nov In general use.
There Il considerable opposition TO
this proposition. A. il is certain the
attempt 10 push the American dollar
and redeem IL in gold would pwecipi.
tate commercial disturbances that
might result In DISASTER. Secretary
Gage il opposed 10 II. and | am in.
eiined to think that this plan viii not
be- adopted.
Two plans have been proposed. The
nrsz Of these Ii to establish \ free
mint II Manila for the making at =
Philippine dollar interchangeable with
the Mexican dollar and rede~mablc AT
= nxsst price Ia gold Under this plan
producers Of silver would sell their
product to establishments having
trade relations with the east. which
would have IL coined II the Manila
mint and put In circulation. This In
the plan adopted by the British GOV.
eminent. which coins nm Indian dollar
which II circulated In the Strait set.
Elements and has 80 far been success
ful in exchanging the Mexican dollar
and rupee.
The second plan IL TO coin 4 token
dollar about the sisc Of the Mexican
dollar. with enough Icxs silver 10 pre-.
vent IL from going 10 the melting pot
or out Of the country. interchangeable
with the Mexican dollar and redeem.
able in gold equally with Mexican coin.
This Ia the plan that 1t the present
time is most in favor among those
who have made = special study OF the |
situation.
Secretary Gage sasors the token |
dollar. ss do many others who have |
given the subject attention. and some |
Of It's features are certainly attractive |
Hut. whatever may be the plan adopt.
I'd. II In certain that the establishment |
NJ mint al Manila and the coinage /
~ q dollar which win not disturb the
relations Of the country
wiIl have most important effect upon
The market for American silver. There
Ia no doubt whatever that the develop /
msnt OF the islands will open an enor
nous nald for commerce. The cur
rency Of the east viii constantly In.
srease. and there seems little II any |
1oubt that some plan win be devised
whereby the American Will very large
y replace the Mexican coins.
Another important consideration In
he situation In that eventually the sill. |.
FER market will be removed from Lon.
Ion to this country. London has tho
king Of the price today. because En-
Gland has control OF the trade to the
Orient. and naturally supplies the
greater portion OF the circulating med
nm. But the trade with this country
= increasing with great rspldity. and
he time will certainly come when a
args proportion. II not the greater
,ortion. of the silver shipments OF the
world will be made from San Fran
isco. L.