The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1908-12-25
SILVER LETTER
OF Sen. TELLER
EXPLAINS HIS ARTICLE IN PARIS
PUBLICATION.
CoNflDANT OF FREWlN's
His Idea Is to Extend the use Of the
White Metal BY an Agreement
Among the Nations Respecting the
Rate Of Exchange.

5&& "#@% bF%@ &&%N&&& G&@%& #@&& HE@&M&@5
WASHINGTON, Dec. 22.-Referring
to the publication Of a letter written
by him on the financial question to Sir
Morton Frewin, Senator Teller said
today that he had no intention Of re
viving the silver question, hut that his
only purpose had been to call atten-
ton to the present conditions existing
between Europe and America on the
one side, and Asia on the other.'''
THE question of exchange he said.
lis one of world wide Importance and
there has come to be such a diyerg-
ence between prices in the gold using
and silver using countries that the sit.
uation is growing somewhat acute. 1t
is so much in evidence that any one
who gives the least attention to tinan-
cial questions must observe it, hence.
| make no apology for my reference to
it in a personal letter to MI. Frewin,
u do not see,'' he continued. why
any members of the monetary commits
sion should be astonished at MI utter
ances, as some of them are represent
ed by the newspapers to have been, as
my letter did not purport to be written
on behalf of, or to express the opinion
Of the commission. For the last 10
years, I have correspondent more or
less with Mr.. Frewin as to the none
tary condition of Europe and the con
dition of exchange between Europe
and the United States and Asia. He
is well informed OF all the questions.
When he visits the United States he
always calls on me and we have dis
cussed these questions very freely.
II did say in my letter to him that
the commission would hear him at the
proper time and I have no doubt it
will. I a justified in this because
the commission had sem a portion Of
it's membership to Europe in search
OF information as to the monetary sit
uation Of the world and the condition.
of commerce and finance in those
countries.
The members who went to Europe|
certainly acquired a fund of informal
ton that would be useful not only to
the commission, but to the country att
large. | practically stated that / was
speaking for myself as to what / sup
posed the commission would do. II
have understood that the object of this
is primarily to obtain in
formation as to the monetary condi-|
ton Of the world and ultimately toll
present that information to congress-,
with recommendations as it may deem
proper. s..4 !!
II did not indicate that the COM
mission was considering Or would con-
the Goschen plan for small notes
Of ten shillings or twenty shillings nor
chat | was for it. Goschen was al
monometallist of the extreme type.
His proportion was based on the fact
small notes of legal tender would
make use Of some silver and that
would enable the governments to ac!
emulate more gold. This was not ac-i
by the silver people, either in
or the United States. Per-
/ think there is sufficient mer
t in the Goschen plan to Justify the
commission in considering it.
A a member of the commission
10 not propose to attempt to interfere
With the legislation since 1896, which
the gold standard in this
country. 7 consider that question set
led for at least a generation, but event
hough the finances of the United
be fixed, the question of ex-
between this country and 9TH
RS is not settled, and I do not believe
hat the commission is barred from it's
consideration"
MISSOURI RATE CASE