The daily morning journal and courier., 1896-07-15
FRANCIS 4. w.aInER,s OPINION

Delivered Before the Bimetalic Leuguc in
 London-No Gold Monometalist Party In
 the United States.
 General Francis A. Walker, formerly of New Haven and an ex-member of New Haven's board of education, de- livered a powerful address at meet ing of the bimetalic league held in Lon- don Monday, Prof Walker has well won g. national reputation as polit- ieal economist, and from his efficient work when head of the United States census bureau of 1870 and 1880, Prof. l Walker was cheered as he arose and was frequently interrupted by bursts of cheers, He declared that no gold monometalist party existed in the Unit ed States and said that he would stake his honor that if bimetalic conven- tion was proposed to the United States 1 by the principal sound money men of ! Europe, the Americans would tumble head over heels in welcoming the pro- posal. Senator Gray, Prof. Walker said, would find very few men to join him in opposition to proposal for a | NOAiiiiAcit AatlO bClWCCi SoOlI tAliN otA yer What the silverites really desir- ed, he continued, was silver inflation. Widely separated from these men were the real bimetalists of the United i States.
 Nothing, Prof. Walker declared, could be more unfounded than to say that the republican national convention held in St. Louis had pronounced in favor of l gold monometalism. MT. Mckinley, he said, had never been a gold monomet- alist, he could not be one if he tried. He had always been uniformly bi- metalist The maintenance of a gold standard in the United States was not l rendered a whit less secure by reason of anything that was done at the con- \ yenton held in Chicago, but despite much friendly advice from this side of the ocean, the United States were not going to pull other peoples chestnuts out of the fire, and would remain de- voted to the rehabilitation of silver as a money metal and always ready to make sacrifices to that end, The bonds of the United States, he added, would continue to be paid in gold or its equiv alent, and the credit of the United I States would continue to be as high as it had ever been since she had triumph l antly vindicated her nationality in the war of secession. Professor Walker was vociferously cheered as he resumed his seat at the close of his address.
 The annual report of the league was read by the secretary. It was quite l optimistic in tone, declaring that inter- national bimetalisn had made note- worthy progress in all the countries where the question had been discussed, After referring to the resolutions in l favor of bimetalism adopted by the popular chambers of Prussia, France .| and Belgium, the report went on to say that in the United all the political I parties and all classes of business men would welcome the establishment of in- ternational bimetalisn. A large num- i Der of the people of that country are, however, so thoroughly convinced of the necessity for the remonetization of silver that they were not disposed to wait for an international agreement to \ that end
 Lord Aldenham, president of the league, head Of the firm of Anthony Gibbs < Sons, and a director of the bank of England, was not present al the meeting, but a letter from him was read. in which he congratulated the league upon the progress bimetalisn I had made in the United States He said it was q striking fact that binlet, l alism which, in some quarters in Eng 1 land, was treated with contempt, would apparently be the main political ques- tion before the people of the United States Alluding to the general atti. tude of the London press, Lord Alden, ham said the newspapers had joined the chorus clamoring for honest money" believing that honest money in the United States was applied t6 gold monometalism, whereas, as mat ter of fact, it was applied to interna- tional bimetalism.
 The letter concluded with the declar-