Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-01-17

treatment was everything that could
he desired. The English ministry In
terms nslled the French ambassador
and ourselves to suggest wherein. in
our opinion, England could materially
contribute to solution of the ques-
ton and Mt the same time retain iOr
her own people the gold standard; and
what are termed the proposals We're
not volunteered. but were made 10y
way of suggestion Mt the explicit re-
o,icst of the English ministry When
they were received they were treated
with full consideration, as We're the !
Representatives OF the governments Z
conducting the negotiations
LONDON PRESS WAS BRUTAL.
Mr.. Wolcott admitted, however that
1t was not surprising that another
view should have prevailed in TINS
country, n view based, he said. on inc
incorporate and hostile and somewhat
brutal utterances of the London press
respecting the proposals of the freheh
and American representatives.
"Thc newspapers of London, IKE the
newspapers Of many of the capitals or
the world" he went on, ARE dominated
and allied with the banking element,
and reflect their views and often their
exDressions The business of money
loaning is an engrossins pursuit not a.
WAYS tending to the cultivation of the
amenities of life, and 1t is not TO be
| wondered at TINT the London news,
| papers, voicing that industry, should
| in their hostility to a policy of which
| thew disapproved, forget for the mo-
ment that courtesy which is due TO the
| stranger within the gates, especially
when he comes upon invitation, ana
| that they should be led to character
| iize PROPOSALS as impertlnent which
were made only upon the request OF
| their own government.
BIMEALLISM FOR ENGLAND IN
POSSIBLE.
| 1t was perfectly realized from the be-
| ginning he said, that blmetaliism for
| England was out of the question. india
was the vital point of all the negotia-
tions with England. and all other pro-
posals were insignificant in compare
| son with that respecting the reopening
| of the mints of India to the unlimited
coinage of silver, and the repeal OF the
order permitting gold to be paid for
government dues and to be exchanged
| for government rupees.
Mr. Wolcott spoke at some length up
on the conditions in India, explaining
the value of the rupee since the closing
| of the minis to silver in 1893. the clos
ing of the mints had, he soid created
wide dissatisfaction and tf<e was
genral impression that the Indian gov
eminent would be glad to retrace its
steps
MANY English monometallists of
wide influence believe the policy to be
] n
be glad to see the India mints re-
opened. II 1t could be done without
stimulating the cause of bimetallism
and us a separate and distinct acton.
There was general opinion not limited
TO ENGLAND that the India government
would be quick to avail itself of an OPP
pnrtunity to reopen its Withstand would
welcome another International attempt
towards bmetallism that would raise
the value of silver, and would be glad
L.. ~. fAF M
This belief found expression in the
speech of the chancellor of the ex-
cheauer on March II and / am sure
TINT I violate no confidence when say
. the answer of the India government
protesting against reopening India
, English ministry as 1t was n disap-
pointment to us. While the protest was
not final, and while the English gov
. eminent in london could have over
ruled the objection from India, yet such
action would have been contrary to all
4 precedent.
r "As a matter of fact. the home gov
eminent, II is said unanimously up
held the report. Frequent statements In
. our papers assert that the answer OF
India was Dictated from London. II
, may be that the blind and unreasonine
a fury of the city of London, directed
against my suggestion of contributions
+ or concessions to any international set
a Element of the currency question which
should recognize silver, and which
), threatened panic and the overthrow
= of any ministry which attempted II
may have rendered the reply of tht
a Indian government not wholly unwel
: come; but the policy outlined in the
, letter of September 16, signed by tbs
u viceroy and his associates, must stant
q MS the deliberate and uninfiuencet
: judgment OF that government"
3 SITUATION BAD IN INDIA.
r ITO u.s." said Mr. wolcott, the India
: situation is inexplicable. Millions o
n people, most of them extremely poor
: have for years invested all their saw
r ings in silver. These Accommodations {
n few years ago were worth thousand
millions of dollars and more Today
they are worth less than half that sum
9 BY the closing Of the India minis ant
the artificial gold value given to silver
n India is ut n great disadvantage will
q the neighboring countries, the exports
: of which are stimulated by the highe
Il premium on gold and they are robbini
II India of much OF her manufactures
v and export trade. The present polio.
/ inficts ~ India as well as the evil
n of an T. Neient and steadily lessenini
@ currenr lis which the vicissitude
@ of that u tendency during the pas
: twelve months have served to empha
: size.
g THE world has heard much of tn
/. famine in India and of the great fund
e subscribed for Its victims. II has no
: been, however. so generally known tina
e the famine was one of money rattle
l. than food; that the contributions wer
N chiefly forwarded to India in the forr
% of money and not grain. and that dur
: ing the whole period of the famine rio
was abundant where men were starv
II Ing and its price was but tritie over
1t cent pound, less than the price O
q wheat In England. For all these cvils
l. the loss In the value Of the savings q
d the people, the disadvantage OF q DIFF
l. ferent purchasing value for silver /
e. India from that which prevailed /
IN China, the evils of an insufficient vol
lie ume of money and the enormous in
lie jury which commerce suffered throug
l. violent fluctuations in the rate OF ex
st change, we offered what we believed I
" be remedy.
p NO HOPE WITHOUT INDIA.
:, "our offer was refused, and the re
N fusal must be considered as final unit
,s the failure of the experiment upo
"A which the India government has en-
~ tered shall be demonstrated.
4 There was one oversight in con-
a munication of the so-called proposal
20 to the India government 1t was dis
az tinctly understood Mt all of our inter
views to he q condition of the assent {
any country to any agreement that