OCR Text |
Show INDORSE GOLD 8TANDARD. French Commission Favors Coinage Ratio for Orient Slightly Above Bullion Value. Tho report of tho Fronch commission commis-sion appointed to confer with tho United States monctnry oxchango commissioners has been dellvorod to Embassador Porter. It contains a noto from Foroign Minister Del Casso saying say-ing Franco Is not proparod to oxprcss binding conclusions until sho has consulted con-sulted with tho powors. Tho report indorses tho principle of a gold standard for China and othor silver-using countries, but it points out thnt tho plan Is posltlvo only im-dor im-dor Judicious control of tho colnago by tho government nnd tho creation of an ndequato gold resorve. It favors a colnago ratio for tho Orient, fixing, tho faco valuo of sllvor slightly abovo Its bulllonvaluo, similar simi-lar to tno American system in tho Philippines. |