The Jeffersonian. [volume] (Atlanta, Ga.) 1907-1917, 1910-03-10

reported the meeting in honor of Sir
Morton Frewen, the great English
economist, and his speech in part as
follows:
England, I believe, will within
the next eighteen months adopt
the Goschen plan to increase the
price OF silver said Morton Frewen.
the English economist, last night to
a brilliant assembly Of Denver bust
ness men at a six o'clock dinner in
the Albany Hotel.
When the distinguished speaker
had finished his address he was hon
ored with rising vote of thanks by
the guests. The banquet was ar
ranged by the chamber of commerce
and the Real Estate Exchange to
give MoretOn Frewen an opportunity
to discuss a plan for the remonetiza-
ton OF silver that has found favor
not only among silver men in the
West, but with many of the most
noted lnanciers in London and New
York. He fully outlined the plan
which has attracted worldwide at
tention and aroused enthusiasm.
The dinner was served in the con-
vention hall of the Albany Hotel and
lasted until Z o'clock, when the CT
gars were passed around and the
speaking began. President Bartlett;
of the Chamber of Commerce, spoke
briefly, requesting former Governor
G. S. Thomas to introduce the Eng
llsh champion of the silver cause.
The Ex-Governor referred to Frewen
as the leading authority of the world
on exchanges, and announced his
subject as 'EThe Effect of the Demon
citation of Silver on International
Trade"
In his Introductory remarks the
economist stated that he was pleased
to see many of the younger genera
ton present.
eve may be on the threshold Of
this questions solution, but the solu-
ton may be delayed many years." he
said, land in that case the young
men of today will be the ones to
settle problem of such tremendous
Importance to all the world
Il have come to see, in view of
what has happened in the last few
years, that this question is of vastly
more Importance than we imagined
it to be during the agitation that
preceded the election of 1896 in this
country. We are only at the begin
ming of the imitation of prices. And
as prices rise in this country your
industries, if silver remains at low
ebb, will be swept into Asia.
"A year ago I met J. j. Hill in St.
Paul and he said: Mr. Frewen, you
have studied the question of ex-
change and I wish that you would
tell me why it is that since the fall
in silver l have had no freight for
my ships from this country to China.
| expected to put sack of flour into
every Chinese home, but now my
ships go to the Orient empty. What
is the trouble?'
II told Mr.. Hill that the Chinese
merchant who had been buying in
this country the year before had
ceased to buy. The year before that
merchant had gone to his banker
and had bought SIS in gold exchange
for 5 12 taels. A year later he was
compelled to pay 8taels for the S.
gold which he had used to buy goods
in this country. He ceased to pur-
chase goods in the United States.
"Mr. Hill caught the idea quickly
and now is saying a word wherever
he can in favor of the Goschen PLAN
Hartman was non-committal when I
saw him year ago, but when I saw
him again last April he said that he
was a good silver man. He told me
he had visited China, and said he
I.