The Monte Vista journal., 1898-01-22

ments from extremeists In the Other
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 wns disgrace to our
| country that We were permitted to in
vite other countries to Join us In open
mints; that 1t 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 a new and
somewhat ludicrous view OF the sill
yer question TINT made 1t humiliating
that this country should invite other
countries like France to join In open
mints, or made 1t unimpOrtant to as
certain the attitude of India with her
thousand millions ounces Of silver In
onliion ana ornaments changing hands
IN the bazaars at bullion value and her
o'o.Vn.HO ounces OF silver In silver
COINS doing duty ut the ratio OF about
~ to L."
He excepted Senator Jones of Ar.
Ransas, chairman OF the Democratic
national committee, from the charge
but concluded that 1t was upfortunnte.
~ true that the bitterness of the last
campaign blinded the vision of many
men no that the thing they believed to
he impossible they came to hone would
be impossible.
All OF these occurrences. however
disturbing as they We're" he said. did
not probably affect the outcome. 80 far
"s there mas been up to this time, an
outcome OF the negotiations"
MIR. WOlcott summarized the present
situation by saying it is apparent thai
ior the time being /, is useless to count
on any cooperation from Grcat Brit.
hih toward bimetallic agreement. md
mat while France actively desires TO
see SILVER restored TO Its old position az
standard OF value equally with gold,
she insists that the problem In one
anu the cooperation to some extent of
other leading commercial nations of
the world.
questions OF Possible future negotia-
lions between France. the United
S'htes ana other countries and the
question OF change of ratio nrc for the
moment held In allegiance. While we
nope Tor continued joint action. France
owes no further duty to us. She s,on,
shoulder TO shoulder with us In our M.
tempt to secure from England even
the concession she voluntarily offered
Few months ago.
IN days when the influence OF III.
money lender Is potent In almost every
capital OF the world and dominates
courts and national politics. the minis.
u! OF France stood fearless by the in.
terests OF the whole people and count.
ed the welfare of Its hundreds OF ,bou.
SANDS OF small holders OF land. DEPEND.
ent Tor their existence upon the fruits
Oh the SOIL. as paramount to that of
me powerful class which want money
dear and grain cheap"
here Mr.. Wolcott announced his In.
lchtion 10 retire from the commission.
lie said:
1T Is my sincere conviction that an
ih,erha'iohai binetallic agreement is
s.'i iensibIe. by the terms OF which
cerhE countries will Join and open
'ncir Iliihis 10 the unlimited coinage OF
siNer, anu others will contribute TO
pan an enlarged usage OF that metal
us money. and ! say this more freely
because shall give way upon IN. COM.
mission 10 somebody more fitted for
stch negotiations and better able 10
give them his constant time. This r,.
suit cannot bc brough. about wi,hou,
the expenditure OF both time and IN.
tiencc. and the persons entrusted with
The duty OF negotiations must have
back of them the hearty support OF the
President and Congress-
On the possibility OF having tn
change the ratio MIR. Wolcott said:
II may also bc necessary, In NV
opinion, To make concessions In the
ratio. bringing II somewhere In the
hc'ghborhood OF ~ to I. more pearly
mpproNinating the ratios recognized by
Itussin. Austria and India There nre
many countries unvisiicd where there
is strong blme,nllic sentiment md
which would undoubtedly cooperate In
some fnir plan. The Right Hon. Leon
nrd Couricnny. In n recent speech
stated that II was reported that the
German emperor had said he WINS OK.
trcmely sorry and disappointed to hear
that the India government would NOT
reopen the India mints. / trust this
may In true. and. In any event, there
are many promising fields MS vet I'M.
iroddcn and many avenues through
which we may hope FOR success.
'Tle cause OF blmc,allism is NOT
dead In Europe. 1; Is a living. vital
and growing force. Wherever the
possession of land is accompanied by
The possession Of intelligence You lind
blmeiallisi, and In countries where
rank ANA ancient lineage nr. still asso.
claicd with ancestral holdings, dcyo.
iion Ia the principles Of blmetalIisn Is
not yet di-,reditablc. nor are lis n,lyo.
Gates clnsscd ms clods or crunks."
In concluding Mr.. Wolcott criticised
Secretary Cages position on the iinxn.
cial question.