The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-18

fse ssgs.Fgatfz- 81 Eh@ Amenities - ;sye ara
* = not 70 oa aazdersa a. Eha- rAe Los.
showed tnAsr hostility 10 a policy 81 ~.irr
trey asa r1waEe3- forgetting .n~ me ascrrerF.
t1a1 cRgrtesg wa4Ea = due 70 the stranger
Within re gates, especially Ehen he comes
uEaz invitation ara shas trey sfonia %
Is9 % Characterize proposals as -apeyrs-
Esaf EaaSa were maze OILY aro<s re re-
Guest 80 shefr GZz government"
Il was perfectly rsalixe3 from saa beS1r-
nirg ae said th8t ha-xrstaii1s-n for Eng
Land Was cgf Of tza GQestEen India wss
tae VITA! polnt Of al the negotiations wfra
England. ard az other proposals w@ye in
zsal1cant u comparison wtta that respect
Ing chs reRpen3ng q ire rafrts OF India %
,ae unlimited coinage OF silver. ard tre -
paid for government DIES ani % h@ ex-
ca4agsd FAR government rupees.
ReopeEfnz az Indian MINIS
Tolcotf spoke az s5r,e length uron con-
6iF2ons tn India. explaining tAe value Of
the rapse since TIE closing Of the uzinfs 80
silver In Isss. TIE closing Of tins mintz.
had. he said created vide dsSza tfz<acsssn
ard there ~as q general impression mat
Ea@ fndiAa government would &c glad 20 re-
trace tts steps
Many English zoro-- EetaIsisSs OF wsas
influence believe the policy ID De mis-
taken one." e sat1. and would D. g!sd
70 sss TIRE Indian u1ints rea1ReEed Il Z sTaI5d
Re doGs without stimulating the cause u
II rsetaflss-n. ard as a separate ard fas-
tiiicE zetfaa. Taeye was q general opinion
not limited - England ta4c the IBaEaa
E9FerlrenE would De quick % avail iISs5f
% IN opgortunIty 10 reopen rs minis and
Honld Hf!cf es7@ 2noElssr t1tsT7s tsonai at
tempt towards bl-uetall!STn taat would
raise ne value q silver. ard Kill oe glad
10 c3-opvrate 81 s3en AZ attempt
This belief f1aGd expression IN tie
sneech o. Gae ch4nceil1r u the sxeasauer
on March T. ard I am sure f1at violate
10 confidence @zea sag me answer Of me
InSsAa government protesting against re-
opening the minis vas as MUCH surprise
- Inc EngltsG ministry as X was q dsTap
po4Ht5sut 10 3s- " afiss the protest was 20.
anal ar-i while tbs English government
could have oTer~ulea the objection from In
dtA- yes such action would have been con-
trary % all precedent AS a matter OF fact.
tfae aoEne government. Il Is said E1ani-
uoaslg upheld the report
Frequent statements IN our papers as
ssrt taat the answer 0f India was dictated
from London Il may Dc that the blind
and unreas0ning fury OF the cry Of I-nn-
don directed against any suggestion Of cor
irie3ttons or concessions 10 any snteraa-
uonaI settlement OF The cffrr nCy question
H@lcn s29G9d recognize silver and wnica
threatened a panic and tie overthrow o.
any ministry sjeA attempted Il may have
rendered tGe reply OF the Indian govern
U7eDf not wholly aaweleo11e: but me policy
outlined IA me letter - ) september Is sign
81 1y the Eseeroy. and his sss0cla les. uast
stand as ;he 1e,.h, rate and aninGaeacsd
judgment OF that government.
Famine of Money Well rs Food.
To Us tae Indian situation Is mex
p2ica5lz- MilAoRs OF people. most Of them
extremely pocF, nave for years invested
all their savings IN silver. These accumu-
l2f&oEs fsx Years ago wers worth a thou
SAM million 81 dollars and more. Today
L&ey are worth less t1an halS that sum
by the closing u the Indian minis and the
tFsHc3a4 g2i3 value given 10 silver. India
= az great disadvantage with neighn0r-
iN- Countries. tls exports Of watch a-s
stimulated o. the higher premium On god.
< H. -s~ #
manufacturing and export trade. The pres
eRi policy 4nfiicts upon India as well the
evils Of an insufficient and steadily less
sninS cUrrsncy-eFiIs which the riCIssf-
sHds7s OF that country during the past twelve
ni3atas haYe. seTY 4 70 emphasize.
n WoEid has heard much & the fam
ne II India and % the great funds sub
scrihed for IFS victims. II has rot been
generally known thai f3e fam &c was
the contributions were chiefly forwarded
10 India In the form ~ maney ard MT
grain. ant that during TIE whsle rericd Of
famine rice vas abundant where raen
were starving. and It's price vas but a
trlffe over rent a uound less than the
price Of wheat il England
For all these evils. The loss IN the value
OF The savings of the Eeorie, the dissd-
vantage Of q different purchasing value
for, silver ia India from that which pre-
vailed in China the evils OF an Insufficient
volume Of money and the enormous injury
which commerce suffered through violent
fluctuations in ;he rate Of Exchange va
offered what we believed 20 b. remedy
oar offer was refused and the refusal
mus b considered as final un.il the fail
ure Of the experiment upon waich the In
dian government has entered shall be
de mons rated.
There was ore OVERSIGHT in connection
wifh the S0-callsd DTomrsaiS TO th~ Infi
government. l. VAS dist nctiy unde-sto0
that all Of our conferences were 10 rs e n
ditiored or the assent Of sny couBtrY -
any agreement that Il should he satisfied
with the plan proposed because the aCl-
hssiou - a sufficient number o. other ra-
tAnancs % the parity n-0noS5 Ion Had
this been f0Ilv understood it : passshie
though TOT probable. that soma What ! =
India"