| Show IMS IMSAND AND AMO SilVER SILVEA Mexicans Believe Beleve They Have Cor Cord Cornered Cornered nored the tho Market f hl 1 STORY STOny MEXICO CITY i Tint Tissi Country U i To ru do ho 0 on Dpi 01 lo to a GoUt Gold U lu lii I I Nt Nen V 1 urIc ork I the tse latter hUtel part of last year eor the made the statement stal that this year would witness nn an ni Important rite rise In lit th gelling price of silver and it itMa Ma Was Ia said Mid tsat the tho white metal would ettIe Ue around CO GO cents again It would se seem m that this forecast were coming true Judging train taom recent lecent qun nUt Hut In the city of oC Mexico the opinion prevails that the he Guggenheim family tamlY him hay cornered the silver market and that tho the possibility of at the republic going to 10 a I gold KOld standing basis bash imminent The Tue Mexican Herald of or the ul has the following to say siy 1 Humors that thai the th l x company com pan and allied aled Interest have established a 1 corner cornor on the silver Iver market ore neither n lher denied nor hoe by jy the th of or the In An Interview with wills wih prominent a authority In iii II close touch with wih them brought nought blought out the tho that hut the rumor was tue WIS correct Assuming It I to bo be true truee Uie e central en upon the tise main Indus industry I try ry of ut tile the republic ought to be decided by y beneficial Two months ago allver si vel hovered lovered about 4 U cents an ounce Today olay I It t Is s very ver close clo e to 05 CS cents ells there here nr reports to the tho effect affect that the tue IB is II considering u a I proposition looking to the he I adoption of or ora 1 a i gold not riot Immediately but at ctt some gome time in tho the not very ver er distant future Senor Sliva director of ot the he mi mt ni tonal lonal mint cn a dc do 10 moneda while In Intimating n that a I change in the has hns hn teen been ulmer said all it Jt wilt will wi b bi be too soon toon on to the tho subject publicly for tor six months yet yetA A law II mus be lie passed by congress bc he torl fort or j tho the can cnn bo be changed antI and Us a congress has no action acton und and will Wi during durIng thin the present month U It I Coke at a If I there ber would be b no flu change chance for far sense loma time New Mew ew coming coining machinery his has ins been beets receIved from for Philadelphia lt Jut t It Is la exactly the same at us a that t for tor formerly merly used d that Ii to cay eay fa It II u 4 l I stamp l elf the same name Ilme Kind of ot coins coll if U a 1 change hango Is Js made In the money mortey system y tem said Senor do SilvA It Jt will viii tl not nt necessitate nce tn new form of ut cur currency currency rency tency I Lawi will wi be paired to lo protect the he country from froni troU any alY threatening influx o of if Mexican dollars dollar dolar from foreign coun court trIes Just a lS as souls noon loon as 1 It Is me I ascertaIned u that hat Injury will be done clone Mexico through such Influx These expressions appear op to 10 that hat a n change I li is under uner serIous consider consideration aton This ls Is I strongly by bytho bythe the tho h fact that minister of at finance Is I now In New York anti and will wi Wn for tor the express pun pur purpose pose pue of or conferring wih With leading banker bankers and Ind government c croute on cn route joule JUte he h stopped In San Ban Antonio Tex le where he Is IB reported to have said that tha the proposition to pines Mexico on n a agold gold rold boats baste a comprised rant part of his mis mi milion lion ion to the United States l It I la Ia l a mat lat ten ter that requires n it 1 good goad deal of or time however and anti Mexico Is studying It nm and carefully working out the details Further than this he declined to talk I Ills 18 stay In the United State Slates would de Je dePend peed Pend upon tho lie development d of the bUsl bul le ness lel in hand It la 14 I welt well wel known In Mexico that th the fluctuations fluctuation of or o the market maTte malt IIer H It very ery difficult for tor tradesmen bankers banker manufacturers manufacturer and railroad people t to do io business on n a safe ate Earlier In the year the gold standard vJ U re reo an as tf an impossible thing but Lut th the changes changed chantel have set people to thinking I t woe was 11 told laid while In the tile City of Mexico last February l that Da Dma had been Leen offered nil all ni the gold thAi might be Le needed up to jo o or to establish the gold stand but nt at that time It could not be Ll considered M the tho ha hl hg been more snore clearly inquired Into b by financiers and n the facts given above aboe point to n a willingness to change chongo the monetary system If It It I can call h b be ll hed without wl serious injury U to industries If I Minister tour finds In the course of ot his stay Ita In this thin country that the project can ean and nn ought to be carried Into Ino rite effect nn an ex cx tra trO trl of ot the Mexican congress will wi be called cale to take action upon It It These niece fhe e discussions recoil the Interview with lh Senator Stewart of or Neada pub In The Denver Po Post t toward th lit last lust of at April the subject ut J ct bring bing Mr SIr 1 original ProposItIon proportion for tor the stabilization of silver diver In which he lie said sahl If It I nil alt the gold lold countries and all ni the silver standard countries unite they the can do everythIng A ratio Ito of ot unie ex cx change agresti upon by them would be beas b bea as 1 a certain and definite an mis lS to 10 the rein rela tive the value of ot the tue two m metal tal us the unlimited coinage of at o aru oarl if It all al th the gold 1011 standard would agree agre Agre to pay In sold a fixed for sliver silver aher no oio body bo would ul doub daub the th Ih r ability to 10 main tain tam their helm engagement and amid conse consequently nobody noby 0 ii d HI sell II for Cor fo less leu lel than tItan the gold slumlord countries would ta for or It I H The final question Is U Can ean the goy gov governments go be b brought to 6 such elicIt an on agree agreement agreement ment It If BO so the problem will 1 be Whether M St 1 limantour proposes to withdraw this proposition ami qt up um tl the told gold standard cannot bt be told goll b at lt present U it I would be a glorious thing If ir both con can cn be worked out |
