The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1898-01-20


wheat in England. For all these evils.
the loss in value Of the savings of the
people, the disadvantage of different
purchasing value for silver in India
from that which prevailed in China.
the evils of an insufficient volu me Of
money, and the enormous injury
which commerce suffers through vio-
lent fluctuations in the rate of ex-
change, we offered what we believed
to be a remedy. Our offer was re-
fused, and the refusal must be consid-
cred as final until the failure of the
experiment upon which the India gov
eminent has entered shall be demon
strated."
THE COMMISSIONS BAD LUCE.
Mr.. Wo!cott next enumerated the
obstacles with which the commission
had to contend, in which he included
the remarka BILE drop in the price of
silver. the coincident tariff legislation
in the United States and the state.
ments of New York bankers in Eng
land, who. he said, sought ac-
cess to the English officials and
treasured them that any sentiment
which had formerly existed in the
United States in favor of bimet"llism,
was dead. Other statements made by
the bankers, according to Mr.. Wolcott,
were the following: That the mission
was sent solely as sop to a few far
Western Repu blicans; that the coun-
try generality favored the gold
stand ard and that the presi-
dent of the United States shared
this view. THE statements were,"
Mr.. Wolcott said, ''of course I'M
true, but in support of them these
people assumed to present interviews
mint, a hold over from the last admin
istration, the late comptroller of the
currency, an equally precious legacy,
now out of the public service and
transplanted to a Chicago bank: and
pretended statements in letters
and interviews from the secretary
of the treasury to the effect that
there was no chance for inter-
national or other bimetaliism and
favoring the permanent adoption Of
the gold standard Nobody in Europe
cared q rap what the two minor
prophets thought or said. as nobody in
this country cares, but the alleged
statements of the Secretary of he
Treasury were q different matter.
We insisted that the letters must be
forgeries and the interviews fictitious
and trust they were, for it was in
conceivable shat mem Der of the cab
met would seek to undermine the eff
forts of Q mission appointed by the
President and whose efforts he was
cordially and zealously seconding.
THE SENATOR WITHDRAWS.
1T is my sincere conviction that an
international bimetallic agreement is
still feasible, by the terms of which
certain countries will join us and open
their minis to the unlimited coinage
of silver, and others will contribute to
the plan an enlarged use Of that metal
as money; and 1 say this the more
freely because shall give way upon
the commission to some body more
fitted for such negotiations and better
able to give them his constant time"
RAP AT MR. GAGE.
"When Congress convened on the
7th of last month the President in his
references to the subject of interna-
tional bimetaliism, spoke earnestly
and anxiously of his desire to see an
L.
consummated."
Within fortnight, continued the
Senator, nothing having interviewed to
change conditions, the secretary of
the treasury lad made statements ut
terly at variance with the Presidents.
Mr.. Woicott quoted Mr.. Cages re-
marks on The currency bill before the
Congressional committee.
This is not the proper occasion"
said the senator, Ito analyze
the bill of the secretary of the
treasury 1t will reach limbo
long before it reaches the senate.
He proposes to capitalize the pre-
MUM on our bonds sold recently,
and to make them, with others to
be issued. security definitely
payable in gold He forgets that
only a few months ago when the coun-
try was in dire distress we were COM
PEELED to pay So 600, 900 for the privi-
lege of keeping the word gold out of
some of these very bonds He ought
not to forget, for the bank of which
he was president got, it is said, some
of the bonds and received some of the
proceeds of that deplorable
transaction. +, But l do not intend to
discuss the bill which the Presidents
message specifically does not indorse;
and it is premature to criticise
the Secretary's Republicanism. for
his advent into the party and
the cabinet was practically con-
temporaueous We must accept
the situation. In ms opinion the
great majority of the members of the
Republican party are binetallists,
and the fact that they are misrepre-