New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-19
THE PASSING THRoNG.

BuscE- o u.
Foreign Relations Committee Of the Louisiana
Purchase Exposition has Just re-
ROYALTY turned from six months Of travel
AT ST LOUIS in Europe Seen at the Holland
FAIR. House he said: 'T travelled
through England. France, Ger
many. Austria and Hungary. and also visited
Switzerland. and I confidently assert that
Europe never before aroused and interested
in exposition in this country. The people OF
the nations have named not only admire US on
resources but they ike our spirit. They concede
that we have attained first place. and are pleased
the prompt and vigorous manner in which our
Fresioenf oIsoses o. eve =. +bs+ We re com
ing TO excel in every line. not excepting that OF
inventions. They have also come to know that
when develop idea IN that line, we put
It into without delay. They mean 10 come
come. the boy will come. They We're disposed at
the beginning to feel they tS sogq s not be Cannot
afford 10 stay away. 1t is reasonably certain lhSI
Visit he eTposif,on II I. too soon TO say whether
they Will come official personages- or incognlto
serVation an 4 is also probable that prince OF
England's royal family will also visit the expoSl-
ton"
James Brooke an Englishman. who has lived in
Peru Cor the last fourteen years. is guest at the
Gilsey House His home is IN
THE Lima, where he is engaged IN
CLIMATE manufacturing while deriving i'm
OF PERU portant returns from interests in
mining I'VE left Lima in April
last" said Mr. Brooke. and have just returned
from visit TO England and the Continent 1t was
our misfortune to have encountered the worst
weather that England afford When leaving
home we visited Chilli. and the Argentine Re
eors sa1es for GF v erTo BuenOs AyT
beautiful city. 1t may be fairly designated as me
for development in every line OF activity Her
mining interests are in their infancy The soil IS
very rich. but, Of course all agricultural opera
lions made possible by irrigation. The water Is
rains in our section Of the country and as we are
about twelve degrees south Of the equator the sea
sons exactly opposite to what they are in this
country-that is to say, December, January and
February warmest months. while July and
August are the winter months. The only moisture
that falls Is like a scotch mist that comes az
through Lima. almost goes dry in winter. but IN
the summer, when the snow mslts In the noun
tains, it flls its channel like flood The climate
is delightful in Peru and it is possible TO have
back from the coast the climate varies with the
altitude attained. There are places easily accessi-
tives and where unless they are in the last stages
they can be cured"
Colonel John Lambert. Of Joliet. Ill. who is a
familiar figure at the Waldorf, advances what he
regards I. practical plan for in
PLAN FOR creasing the circulation OF curren-
CURRENCY cy. Explaining his scheme, he
EXPANSION SAYS: Our currency Is all right.
but there times when We need
more Of it, In response to the appeal Of the banks
II was made possible for them to issue circulation
TO the full amount OF Llelr caplIaII<aIoi- NJ
sooner however had they received that privilege
than they sold their government bonds. because
they were at a high premium, and curtailed their
circulation. 1t may not be wise to add to the
slight disturbance of business that always comes
portant that the country have all the money it
needs and the plan propose will be so easily &C
complished that IL should not encounter any obJec
ton. My proposition is so to amend the National
Banking act that every bank Will be compelled to
take out not less than 50 per cent Of its capital
stock in circulation. And if IL be urged that IT is
impossible to get the government bonds TO secure
circulation. would have II made possible for the
Secretary of the Treasury to accept municipal ana
other bonds such Massachusetts and some other
States now accept. security for trust funds. II
only the outstanding government bonds were avail
able il would possible TO add $40 100000 TO the
currency circulation. I would also have the Secre-
fary OF the Treasury empowered TO deposit the sur
plus customs revenues-prooably 100000 O-with
The national banks at very low rate OF interest
and as will appear more than sJ10O00.000 would be
added to the circulation With this increase. 1t
would be easier find the money for the extension
and development Of railroads and such other enter
rrtses as enrich the whole country. This plan
would secure expansion Of the currency without
imitation"