| Show t V BIG If SIL PROBLEM J t a Chas AI A Conant Tells leUs of Plans to It l j I IlO TO lO BE PU FUND ND L Will be I III itt 11 O me lt f New Nel York tork April iCharles A Co Ca Conant Intuit nant treasurer of ot the tho tb Morton Trust company who ho with rth dward Hrush of tine tile American Sn Co Ca CoId arid ind Id J W AV junks Janke of ot Cornell uni university vocally wn Invited by Iy the tho Mexican elcan government to lIt Its and con cots confer in Iii re regard fet fer C with lh Line of gard garni to ho tine the th provision mallo by h Congress Con for or the tine United States with Mexico mid China In regard to 10 giving suability id uniformity to tine the t e cun ncy systems of the tine silver sHyer using countries hints has lut returned In Iii response e eto to th lit question whether Mexico would woul soon noon adopt a new now monetary system Mr Ir Conant said saidI I think that tIne the Mexican govern government ment meat will a nut fixed exchange standard for Mexico which will con continue the tho largo large u tI inee e of sliver silver coins colas but Jut butwill butwill will prosie for or keeping them henS nt at par with Kohl gold by b government control of the th quantity and by a ti exchange fund In tilt lint leading lendIng financial centers conters Tho fiso minister or of finance anti other lead lag Ing Mexican officials aro atI keenly alive aliveto to the disadvantage dl which tine tho country countr inns has suffered 1 from n a continuously de lIe declining dining clining rate of at exchange which inns hag hu compelled her to give rIVo a constantly In proportion of her hor products In iii exchange for the titi products of ot gold coun roun countries tries TIne The subject Is 18 very Iry well 11 under tid by b tine the leaders Do you believe that Mexico will sue suc succeed reed eed In carrying out this project was vvan Ill risked naked t I tI II I J think blink there thero will wilt be no difficulty whatever with prudent management There 18 II l no doubt that If It nn an exchange standard Is establish establIshed It will be safe safeguarded guarded guardell by b provisions to those In our own on for fOl at maintaining the parity of ot our paper anti silver sliver mon money Mexico already conducts con her fiscal through the tho national bank rind does dOlS not disturb 11 turu tIne the money mar market marIet ket leet by b locking up good fit r funds nils In the government treasury Her credit js ja good nail Is 18 likely to be b greatly im proved with tho the definite adoption of 01 an exchange standard |
