| Show ORETON MORETON FREWEN ON SILVER he discusses the currency question as th question of 0 the future lorston Tr pwen ahe eminent writer oil the subject of silver aho vho he reached the th city last neck taj talked ked to a representative senta tive of 0 the Til butic us as folloni fol lowi 1 I b belleve that tire the currency clue question tion ni ill III emerge during the coming your year at moat to lo 10 etith with grenter greater lur urgency genry than ever before tin the financial situation in the states toiny today points to ga a very areat outflow of gold the people then mho think or of pra prof freso reea to think thin that the wale ulala la is oer and the silver dead are arc those mho aho forget that hint your present situation pa it phenomenal lt is I 1 think never likely to recur during out our generation you have been able to annea mc your gold in currency during tile th past tuo to sars ears by some same two handled bundled millions of dollars and the these two hundred millions are the basis for fully two th thousand usand millions of crata no that the times abc good now suppose that these two hundred ta illions should be shipped abroad during the next two bearc yeans how homr fearful will be tho the disturbance of oc alues by tile the spasmodic character cha rocter of credits cie dils D du you then anticipate largo large and continuous sold gold exports yes I 1 think things point that way low how have you come by this hits gold you have carnard fi 11 and id kept it bahu because c your exports have burn been enormously in excess of bour our imports jook at your commerce and statistics america exports for the past II 11 acar leave been more tham her ts la slid and of this sunt le presents tho the excess of ex exports over imports in a single year your exports lat last year meic enormous enor moua be bc cauff of short crops ablhad and abundance here hc re nhyle our imports were very smaller thin than lit in any year ear it trice aw only excepting 15 tho the res result alt Is at a hugo huge fatio favorable rable trade batres balance a balance so huge huce th that t t I 1 am sur star prated that your accumulation of gold nag as not much larger GOLU GOLD WILL IVILL GO ABROAD 1 I believe that you aro are already at the point of change and that gold m hlll ill now flow out until the tl eastern lay tern banks becoming alarmed buth both tit at tile loss of gold and by ill tho fluctuation of new york securities began to contract all credits arid and then there x n ill be trouble then tile hie asther question the question lon of the or silver allver hlll bo be far more urgent than in i but it if our harvest Is 14 good will not our exports export be ant and our got ffoyd re main at home not unless crops crop ln in europe south america anti and india prove to be very ln in different and not even then for w there 1 L further rail cua chich mill your gold a raub raue to atch I 1 attach lauch importance your bairn mi aim ot of seekers checked by the var mar 1 Is pouring upon europe tho the steamers 4 were never so numerous nunn mua and neer so cromi led next your pithily tourist at e ito sail rail to sop the pulls polls exhibition tile th estimate may not nol be excessive that this year and nil exl air at no tells than 1 ado or oc h remittances may go out this dav ay chent too kw thi thita thie ta new giar antle trusts tru stR if they art arc to puy pay dividend upon their bondi let alone upon their t stocks must alwn chanc cc and jf dt aill prices itch your imports te from europe attracted to 0 o higher prices ii indrea ie chii allun i tending to reduce your t ciul I 1 balance b aiace ant and export gold I 1 foel feel I 1 n that lit in tho the near future fare you 1111 again ho be confronted Lon fronted tho the currency crisis that bott so will mill liane hae to lo open to silver or the L tl ti N will i b gold loans to maintain overt latil ilor c convertibility 0 n if the east wanta a L gold standard and cur currency reney the kaat must most stop if UK pleasure pleas uio trips to europe it cannot both cut cat its iia cit and liae haxe it INDIAN commission at what about the th report of oc the indian currency commission it la Is expected any day it aill ethl amy i I 1 to do nothing to lo dilot and asir cents i Is such a s in sour u r clec cec blon T th ll 11 cl dence given cef before ore the lh Is 19 excellent rending lord of 0 the bank of iceland england formerly a member ot of parliament asa 1 el 1 t from the city of ondon london J the head 1 x 1 0 of f one ot of the greatest houses in london Lo nilon iii n the th commission that the united li tater it the indian 1 mints m inta are ar reopened en cn al single handed banded maintain the th M tio mr jr arvan none ot of us ua ver ever PA said III more than that or of said it half as well the production ducai ii of 0 gold and silver today Is I 1 ounce or cold to I 1 15 ounces ounce ol 01 silver at lord Alden altenhain hain points point out I 1 that I 1 before aeao the latin union maintained maintain ed a rito of 1 to lo isi arid and lie he further defares declares c that ihal both in population find in commercial importance the hie united of today la Is far or oc the latin union then their mr B Baix lay the president of oc the Manci lorte r clitty conwlier fliEr of bonim commerce ace in lit his e elde idenie nrc con lord Alden hanim les ier the fact is in tho the alleged friability of the united states stales to ma maintain kitain 1 to 16 romes from interested interi aled politicians and ana from norall anti and spiteful kastein editors we ve may well cagin to lovo love if only tor for the enemies it ling has made I 1 hear mr frewen you hap had senator jones jonea ta ing with you in ireland feeland er 1 l yes Cs tho the senate r Is in flonder fully boiler betler boil betl I 1 ln in I 1 health he arp turns in august and I 1 hope hla his health will bo fully ed GIt lATEST OF s you know mr frowen that thai our western tern states Sta teft UH rasa a pet nl off oft for th ill coll trise ot of silver are now very great erat goll gold yom I 1 know the output is IH rp lencil d but 1 lt t me wiy say a word KB as to that looked at na as a local industry silver mining is of ml all human industries tile lh ni most st valuable v hlll got gold Is low lou down domn in the th scale when I 1 was tras lit in new south kaleal three years once I 1 got erot these them figures of compa lathe production front from mr lail tile HIP government there are 12 peo ale pl conn counted ted mith the broken I 1 till mines are low lom arnd pil vr ver mines the th alalue of tire the annual pio production of these adoo people 11 1 sterl ifie the value of tile the annual pi of people out oni aloyed in agriculture lit in that same tol eol only Is ng the annual per capital codih product of the silver mines lit in new ew south wales waif la Is 1258 of tile the guld quartz mints mines la Is cju 34 of tire the gold placer bulnes la Is lit ill air and of the cott co tt illinois ift 1 III 47 so that I 1 ant am right in that of alt all industries aller ml ant III la IN the most valuable to a community it it Is not nol that the th piort at the listoken ifill hill minem Is very great per bara haan not higher than alie profit lit tire golf anines but the nii num berof affiliated try hy theto I 1 silver i mines Is IK pry largo foal coal anti and coke 1 lion arid and mahl henery nery iu of i milter limber freights on rail arid and road it Is IN tills thin elih haa boa almost rec reattA tho the great i anti and prosperous city of adelaide store tile opening of th flat broken hill mine arid and that in ully I 1 pay that men inen em employed plAyed in your vilver HT mines mine are arc greater faase age and greater wealth producers that they make a larger demand for or tire th labor of their ahr fr fellow bmw then 0 in agriex iture I 1 published these broken III I 1 returns ii fit 26 a raper paper t lo 10 tit UK review in september or october t t her 1195 thy they struck me ut at the io time I 1 n as ab vry very v ry remarkable |
