The Portland daily press., 1896-08-11
lMPUDENT DECEPTION.
Tho Tricks that Geo. Fred williams PLAYS
on His Audiences.
(Boston Herald. J

(Boston Herald)
MIR. Williams treats his audiences with
scant respect when he garbles quotations
as tricky and shamslessly as be did in
his speech at Newburyport asst week.
On that occasion he.was.trying to estab-
lfsh the point that ''the United States
can. alone and unassisted, lift silver to
a parity with gold at the ratio OF 10 TO
L."
In support of this position he quoted
the utterances' of several foreign bi-me-
tallists, who he described as 1.-THE great
thinkers of Europe Foremost In the
list was Dr. Otto Arendt. There Is
one man ID Germany, said Mr.. Williams,
"who Is recognized as a. leading authori-
ty in that empire upon the question of
bimetallism. He represents country
| whichfonly short time ago, through It's
lower house of representatives, voted in
favor of bringing up again to interna-
tional conference this question of the re-
storation of silver. 1t is Dr.. Otto Arendt
and these are not all, but few. of his
words, for / car only repeat o few, where
in he speaks in answer to the question
| whether the United States can, single
handed, restore the parity between the
metals.
Hers follows DR.. Arendt's opinion as
quoted by Mr.. Williams;
If a Democratic free silver President be
elected, he viii have the fate of the
worlds silver movements in his hands.
If, using the weight Of his influence, he
oonvokcs an international monetary con-
ference, on the understanding that the
United States government Is committed
to the free coinage of silver and gold at
the ratio of 16 to l, he will be sure to OBJ
tain the adhesion, first of France and
of England as we'll. IT the Democrats
win the Presidential campaign and pro-
ceed warlly, they can practically force
the world to accept an international BIZ
metallic standard at the ratio of 16 to 1.
There can be no question of any other
ratio.
l am convinced that as soon as the Wall
street gold bugs see what way things
are going, they will take the next steam.
or to Europe and would move heaven, and
eartk to induce the European govern
ments to adopt bimetailism.
To this quotation MIR. Williams adds
g He CDR. Arendt) COOS on to say that in
his belief, and no man in Germany, or
perhaps in Europe, Is better informed,
IL uSblN anu IoAC6 ore d&E66u 1OE LILLE
result.
When Mr.. Williams closed his statement
of DR.. Arendt's position there was not,
we venture to say, man liz the New
buryport audience, who did not suppose
that the great German bimetallist had
given his warm approval to the policy of
Independents free coinage in the United
states at the raAosof l6ato as long aud
sure step to international bimstallism
Though MIR. Williams had stated that he
could not repeat all of DR.. Arendt's
words, no one can have imagined that
the words omitted by him contained q
| direct condemnation of the policy of in
| dependent free coinage here at 16 to l,
| which Mr.. Williams SO heartily approves.
| Yet, that is the exact truth, as will be
seen when we, supply from the text of
| DR.. Arendt's letter the assertions to th1s
| effect so trickily hidden by Mr.. Williams.
After stating, as quoted by Mr.. Will
liams that: eff a Democratic free silver
President be elected he will have the
fate of the worlds free silver movement
in his hands, DR.. Arendt went ON to
say: .tBy careful tactics he may secure
the complete triumph of the double
standardization, l take it, the American
silver men are not silver monometallists
or By rash TACTICS he may ruin the cause
for long years, to come" Not a word of
this significant admonition is to be round
II MI WllIlams's quotation. Nor is
there any allusion to the graphic warning
given by DR.. Arendt of the evils of inde-
pendent free coinage. To supply the
omission we quote it below:
But If the silver party when flushed
with victory proceed to coin unlimited
quantities of silver at the old ratio, with
out any kind of international arrange
ment, it will, it is true, bring about a
temporary rise in the price of silver, but
that will be followed by depression sever
er than any yet known. The economic
conditions in America would be dis
turbed, gold would be withdrawn and
would go to strengthen the gold party In
Europe, while the cause of silver would
be seriously dis Ied1ted.
1t will be seen that the German
economist whom MIR. Williams called in
and whose remarks be SO shamefuAy
garblsd. is not a friendly, but hostile.
witness, when his testimony is fairly sol
forth. Aaan..