Show CIIAJIlIOX OF THE WHITE METAL Sir Moreton Frewlii Outlines Some Prospective Legislation When Sir Moreton Frewen one of the English stockholders of the Cane Consolidated Consoli-dated Mining and Milling company was in this city some time ago he said good words for silver as was ever the case with him He was then on his way to the goldfields gold-fields of Coolgardie Australia where he has just Introduced the Crawford mill In which he is interested The baronet was In Sydney New South Wales a short time ago and there gave the reporters on the Herald an Interview on the question of free silver On this subject he said The intention Is to convene a conference confer-ence of the nations when the United States will offer great tariff concessIons to those nations which will agree to accept ac-cept payment of an adverse trade balance in either gold or slIver It Is felt at Washington that this Is the easier way to reason with England If the alternatives alterna-tives oered are bimetallism exchanges and moderate tariffs or gold and prohib itory tariffs businEss men both In Eng land and in New South Wales will have a strong claim to be directly represented J at the next monetary conference Hitherto Hith-erto these meetings have been attended by London bankers whose interests of course it is to maintain the great increase in-crease in the value of gold the premium of gold over goods Being asked as to the conditions of business In this country when ha left Mr Frewen said further The depression Is general and especially especi-ally is the railway situation deplorable Wheat cotton and the other staples have fallen to such a point that railway rates have had to be cut In half and are now urremuneratlve In 1S83 the net earnings of the American railways were JlGOO a mile while for 1893 they were only iN There Is no more desperate evil than a great sudden subsidence in the level of prices owing to a rise la the value of money and the sooner by an international internation-al agreement we can again secure on abundant and expanding volume of money and at the same stroke settle the exchange ex-change trouble with 700000000 of good customers in Asia the better for a world whIch Is snfferlng from this silly currency experiment of 1S75 Of all human agencies agen-cies said Walowskl money is that one which cost the least as compared with the work It performs and the modern attempt to destroy onehalf of this valuable val-uable machinery Is more than a folly it Is a crime The Post In commenting on the interview i inter-view says The evidences of the doubleharness arrangement by which Mr Frewen suggests that bimetallism 11 4 mjKl r tte tariffs are to be put over the international course with a view to easing up the grave embarrassments that handicap trade and commerce and industry In-dustry from one end of the earth to the other are not conspicuously manifest as yet but there Is likely to be more or less foundation for the utterances in which Mr Frevven Indulges and for the faith that he appears to have The line of policy pol-icy pointed out If once found practicable and favorably accepted abroad would doubtless lead to beneficent results and the time is near at hand when the United States ivlll be in a position If we I so elect to lead rather than to follow In nny renewed movement or international bimetallism l |