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

that the country generally favored the
gold standard. and that the President
OF the United States shared this view
"The statements We're" Mr. Wolcott |,
said, "of course, untrue. but Va support
OF them these people assumed to pre-
sent interviews and statements of the
director OF the mint, hold-over from
the late administration, the late con-
troller of the currency, an equally |
precious lcgacy, now out OF the public |
service and transplantul to a Chicago !
hank, and pretended statements in |
letters and interviews from the score
tary Of the TREASURY to the effect that |
there was no chance for International |
or other bimetalilsm, ard favorlng the |
permanent adoption of the gold stand |
ard Nobody In Europe cared a rap !
what the two minor prophets thought
or said as nobody in this country cares,
but the alleged statements of the sec
rotary of the treasury were different
matter. we insisted that the letters
must he forgeries and the interviews
fictitious, and trust they were. for 1t
was Uncomfortable that member OF the
cabinet would seek to undermine the
efforts Of a mission appointed by tho
President and whose Efforts he was cor
daily and zealously secondlng."
INJURY FROM EXTREMISTS.
| The commission was. he said, also
| attacked from time to time by state
| ments from extremists In the other di-
| rection, insisting that our efforts were
| pretended, that we had no hone or ex>
pectatlon of success, that the President
was secretly opposing U.S. that 1t was a
! disgrace to our country that we We're
! permitted to invite other countries to
| join as in opening minis; that 1t was
| humliating that we were even consult
| ing any other country on that subject,
that failure was inevitable, and the
| sooner we came home the better; II was
n new and somewhat ludicrous view of
| the silver question that made 1t hu-
initiating that this country should in
| vite other countries like France to join
In opening mints or made 1t unimport-
ant to ascertain the attitude of India
| with her thousand million ounces OF
silver in bullion and ornaments chang
ing hands In the bazaars at bullion
value, and her five hundred and sew
enty million ounces of silver in silver
coins doing duty mt the ratio of about %
to /.
He excepted Senator Jones of Arkan-
sas,chnirfnan OF the Democratic Nation
al Committee, from the charge. but con-
cluded that IL was unfortunately true
that the bitterness of the last cam
paign blinded the vision of many men
so that the thing they believed to be
impossible they came to hope would be
impossible.
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"
NO COOPERATION BY ENGLAND.
Mr.. Wolcott summarized the pres
ent situation by saying it is apparent
that for the time being 1t is useless to
count on any cooperation brom Great
Britain toward blmetallic agreement,
and that while France actively desires
, to see silver restored to Its old position
as a standard of value, equally with
, gold she insists that the problem is one
which demands international action
, and the cooperation to some adequate
extent of other leading commercial
nations of the world
Questions of possible future negoti-
! atlons 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 other duty to us. She stood
! shoulder to shoulder with us In our at
tempt to secure from England even the
concessions she voluntarily offered q
few months ago. In days when the in
, fuence of the moneylender Is potent
T in almost every capital of the world
I and dominates courts and nationa
: policies. the ministry of France stood
/ fearlessly by the interests of the whole
. people and counted the welfare of it,
hundreds of thousands of small holder:
/, of land. dependent for their existence
4 upon the fruits of the soil as para
. mount to that of the powerful class
which wants money dear and grair
. cheap"
: CHANGE OF THE RATIO.
Here Mr.. wolcott announced his in
), tention to retire from the commission
!, He said:
ut is my sincere conviction that al
international bimetalic agreement II
still feasible, by the terms OF which Ger
n tain countries will join and open thel
4 minis to the unlimited coinage OF silver
:, and others will contribute to plan an
: enlarged usage of the metal as money
, and | say this more freely because
A shall give way upon the commission L
y somebody more fitted for negotiation
and better able to give them his con
4 slant time. This result cannot b.
brought about without the expenditure
!, of both time and patience, and the per
. sons entrusted with the duty of nego
- tiations must have back of them tn
. hearty support of the President and o
:, Congress"
x He thought It might be necessary I
y change the ratio to something like 2
~ to l.
: A scoRCHING FOR GAGE.
1t At this point he referred to the atti
i tude of Secretary Gage on the financia
question, contrasted with the Presi
e dents position, his words on this poin
Is being rs fullows
Vt when Congress convened on the AZ
It of last month the President In hi
n references to the subject of intcrna
e tional bimetallism spoke earnestly an
m anxiousiy of his desire to see an inter
r national bimetallic agreement con
70 summated. His assurances gave re
, newed hope to bimetallists all over tn
n country and seemed a final and con
IF | elusive answer to those who ha
s. claimed that the President was not /
IF earnest in his efforts toward interna
T. tional himetallism For myself,
In needed no such proof l had agai
in and again been made to know HOY
l. genuine was the Presidents devotio
l. 10 the settlement of the veSed question
III Within a fortnight after this, with n
e event meanwhile which would chang
10 existing conditions. the secretary {
the treasury. In support of n bill whlc
he had prepared respecting the cur
rency, said as follows to a committe
~ of Congress-.
~ (Here he quoted the remarks of TIL
VI secretary of the treasury
n 1.-THE two statements are utterly q
variance" he continued. land contra
y dIctory to each other They cannot b
u reeoncilcd. This is not the proper oo
$ CASTOR to analyze the bill of the secrC
r tary. 1t will reach limbo long befor
OF It reaches the Senate. He proposes I
\.