New-York tribune., 1897-07-18
RATIONAL BIMETALL1SM.
TUE SILVER ENJOYS IN LONDON-AM
BAssApOR HAS GOOD WORN
PROSPECTS OF A CONFERENCE,


-, IN have more accurate information as the
cuverite and Pop,list colleague OF Senator Tel
=. English memory Is defective In American
r.,rs and IL IS perhaps too much to expect
<,u tnstice to be done to the Senator, who took
h,s po,itical life IN his hands. courted uhpopu-
,arty In his own State and courageous! 'o'eo
Cor President Mckinley In denancs OF puo"c
o,,,,on In Colorado. IL ought not, however I"
no ,nrracticable for English critics 10 discT!ih'-
ra,e between a sincere and consistent adVoca'eo vi
.r,s,na,ional bimetalism and colleague VINO
.handoned his party and became one Oh MT
prvan's chief supporters In what was Vr'u""s
the cause of silver monometailisni. Ihe TWO
snr.,ors from Colorado stood Sc far arart IN the
last canvass that It seems almost increoio'e
cha. they should he persistently introduced 10
49, rrg,ish public az fellow Silveri.es and Pop
ulists.
W,.h whatever vagares OF defamation he may
=. horolded Senator Wolcott has returned with
oredence reinvigorated and with firm fath
~ tho sneedv settlement Of the silver question by
International action. His smile Is brighter ana
more CHEEKY than 1t was last winter wheh ne
VAS received as the evangel OF hopeless cause
ue has succeeded. with the help or MS COL
,cuos Mr. Stevenson and General Paine in
commanding not only the sympathy but also the
Automatic support OF the French Government
The United States does not stand alone In urging
the reassembling Of the Monetary Conference.
France is prepared TO act with the Mckinney
Administration in bringing about by interna-
tional action a restoration OF bimetaiiism. 1hs
,scenton Of the three ENJOYS in Paris has been
hearty and sympathetic and they have come 10
London with a new sense OF power and respon-
,.utv hecause they know that they will have
,vo Embassies behind them here-the French as
we'll as the American.
Senator Wolcott Is q discreet negotiator. VINO
aoe. his work quickly and without observation
.,A "a not 10 be drawn into premature dis
c,o.ures of his plans. One thing he does not
hesitate 10 say and that is that the new Ameri-
can Ambassador has opened the way with eN-'
+-sord,nary skill and consummate tact FOR the
coming OF the three bmetallst ENJOYS. When
the Senator reached London last winter on his
arst visit Mr. Henry White. who was not then
connected with the Embassy. gave him his earil-
es, introduction to English f1nanciers. lie was
compelled however. in the main TO make MS
own way and TO command a hearing by MS own
earnestness and resources. When he returns
with his colleagues he finds that congenial at
mosphere has been created for him and them Dy
the diplomatic work Of the American Embassy
He ia most hearty and outspoken in expressing
his admiration for and obligation TO Ambas-
sador Hay.
A DIPLOMATlST AT WORK.
His appreciation Of the services Of the Ameri-
can Ambassador is we'll deserved. Mr. Hay has
not made many speeches since his arrival IN
london but he has converted the American
Embassy into centre Of diplomatic energy ana
influence. Socially he has made the pleasantest
possible impression as he was certain TO 90 with
his many accomplishments and graces and es-
If maj
quiet dignity and reserve; but his diplomatic
, training has enabled him to settle down at once
70 the real business OF his Office the Am
bassador Of a great nation. With an ideal Secre-
tary like Mr. Henry White TO assist him. and
With competent men like Mr.. Carter and Mr.
Eddy about him, he has an efficient stan Tor
conducting the work Of the office. Consequent
" when Senator Wolcott and his colleagues
come 10 London TO negotiate directly with the
British Government on the question or inter-
national bimetallism they discover at once that
their labors have been anticipated ana srea'S
facilitated.
When President Mckinley decided TO accredlt
three special ENJOYS to the heads of the prn-
cipal European Governments for the purpose OF
negotiating a bimetallic agreement and carrying
ont the pledges Of the Republican platform, there
was a disposition the part of unfriendly
critics of the Administration at home and abroad
To dismiss it contemptuously as political arti-
hce and manpuvre. Mr.. Hay did not take so
cynical n view Of the matter. He considered 1t
his duty TO do everything in his power to pre-
pare the way for the work OF the ENJOYS; ne
has been laboring ass!duously to that end ever
since his arrival in London. and so adroitly and
successfully that the ENJOYS when they come
perceive at once that they have powerful and
influential Embassy behind them. This is some
thing better than having an Ambassador on
constant exhibition talking machine, wound
up so as 10 repeat the same speech automatically
on every public occasion
ACTION OF FRANCE.
The Special ENJOYS, however, will rot be de-
pendent upon the resources Of the American
Embassy in its present highly efficient state Of
working energy. The French Embassy will also
be behind them. They do not come here mas
cueradng as negotiators while in rt ality bent
upon making a political demonstration which
may he useful for moral effect at home. They
are negotiators who have succeeded we'll in
their work in Paris that the French Embassy
here is cooperating with the American Embassy
promoting the success Of their work In settling
the silver question by international action.
While the Mckinley Administration has taken
the initiative in making overtures TO the Euro
pean Governments, II has secured already the
diplomatic as well as moral support OF France
There is practical reason for this support,
because France has undoubtedly greater in
'erest than any other European country in the
settlement Of the silver question on bimetaist
lines. This is because the Bank Of France has
in its vaults over S255, 100000 Of silver at the
old-ime par valuation; and although its credit
mas not been impaired by the enormous shrink
rke al nS ba l,,,u u,hic co
!sfge volume Of It's notes Is secured circum
stances may arise which, as Mr.. Lloyd, the Edi-
Tor Of The Statst." has recently pointed out.
may compel 1t either TO pay out all It's gold or
Use large proportion of its silver. which mas
ot'h withdrawn from circulation. Nobody In