The state herald., 1898-01-21

ments from cxtrenielsts In the othel
direction. insisting that our efforts
were sham and pretended: that we had
no hope or expectation of success; that
the President was secretly opposing
us: that 1t was disgrace to our
country that we were permitted to in
vite other countries to join us In open
mints; that II was humiliating that we
were even consulting any other cOun-
try on that subject; that failure was
inevitable and the sooner we came
home the better. 1t was new and
somewhat ludicrous view of the sill
yer question that made it humiliating
that this country should invite other
countries like France to join in open
mints, or made It unimportant to as
certain the attitude of India with her
thousand millions ounces of silver in
bullion and ornaments changing hands
IN the bazaars Mt bullion value and her
5IO,W00OO ounces of silver In silver
coins doing duty at the ratio of about
~ to L."
He excepted Senator Jones of Ar
Kansas, chairman of the Democratic
national committee. from the charge
but concluded that IT was unfortunate.
ly true that the bitterness of the last
campaign blinded the vision of many
men so that the thing they believed to
be impossible they came to hope would
be impossible.
"All of these occurrences, however
disturbing as they were" he said, did
not probably affect the outcome. so far
as there has been up TO this time, an
outcome of the negotiations"
Mr. Wolcott summarized the present
SITUATION by saying it is apparent that
iof the time beilSg. 1t is useless to count
on any c0-operatidn from Great Brit
'iih toward bimetallic agreement. and
mat while France actively desires to
see SILVER restored TO its old position as
Il standard of value equally with gold.
she insists that the problem is one
ana thc cooperation TO some extent of
olher leading commercial nations of
| the world
questions of possible future ncgotin-
lions between France, the United
states and other countries and the
question OF change of ratio are for the
moment held in allegiance. While we
hope for continued joint action France
owes no further duty To us. She stood
shoulder TO shoulder with us in our at
tempt 10 secure from England even
the concession she voluntarily offered
a few months ago.
IN days when the influence of tbe
money lender is potent in almost every
capital of the world and dominates
courts and national politics. the minis
Try OF France stood fearless ly the In.
terests of the whole people and count
Ell the welfare Of its hundreds of thou
sands of small holders OF land, DEPEND.
ent for their existence upon the fruits
of the soil, as paramount TO that OF
the powerful class which want money
dear and grain cheap"
Here Mr. Wolcott announced his in
icntion TO retire from the commission.
He said:
''lt is my sincere conviction that nm
| International bimciallic agreement is
still feasible. by the terms of which
certain countries will join and omen
tnelr hiihis To the unlimited coinage of
silver. and others will contribute TO
pihh an enlarged usage of that metal
hs money. and | say this more freely
because shall give way upon the com.
mission to somebody more fitted for
Such negotiations and better able 10
give them his constant time. This re-
SUIT cannot he brought about without
the expenditure OF both time and pa-
tlchcc' ANA The persons entrusted with
HE duty of negotiations must have
back OF them the heariy support of the
President and Congress-
ON the possibility of having TO
change the ratio Mr. Wolcott said;
| III may also he necessary, In my
opinion. TO make concessions In the
ratio. bringing II somewhere in the
neighborhood OF - TO l. more nearly
approNimaiing the ratios recognized by
Russia. Austrin ana India. There are
many countries unvislicd where there
II strong blmelallic sentiment and
which would undoubtedly cooperate in
some fair plan. The Right Hon. Leon.
ard Conrienay. In a recent speech,
stated that II was reported that The
German emperor had said he was cx.
trcmcly sorry and disappointed To hear
that the India government would not
reopen the India minis. trust this
may he iIuc, and, In any event. there
are many promising fields ms yet un.
trodden and many avenues through
which we may hope FOR success.
THE cause of bimrialllsm IL no,
dead In Europe. Il is n living. vital
and growing force. Wherever the
possession OF land is accompanied by
the possession of intelligence you find
II bImctnilist, and In countries where
rank and ancient lineage are still asso.
riated with ancestral holdings. devo.
lion To The principles Of bimeialllsm Il
not ye, discrediiahlc. nor are It's advo.
Gates classcd as clods or crnnks."
In concluding Mr. Wolcoii criticised
Secretary Cages position ON the iinnn
cinl question.