Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-01-18

Of India with her thousand million
ounces Of silver in bullion and orra-
nents changing hands in the bazsaTs
at bullion value and her five hundred
and seventy million ounces Of silver
in silver coins doing duty at the rate
of about p to /. He excepted Senator
Jones, Of Arkansas, chairman of the
Democratic National Committee, from
this charge, but concluded that it wf.s
unfortunately true that the bitterness
Of The last campaign blinded the vision
Of many men SO that the thing they
believed TO be impossible they came to
hope would be impossible
tAll OF these occurrences, however,
disturbing as they were" he said
could not probably affect the outcome
SO far as there have been up to this
time an outcome OF the negotiations"
Mr.. Wolcctt summarized
THE PRESENT SITUATION
by saying that it is apparent that for
the time being it is useless to count
On any cooperation from Great Brit
ain towards a bimetallic agreement,
and that while France actively desires
to see silver restored to its old posi-
ton as standard Of value equally with
gold she insists that the problem is
one which demands international ac-
ton and The cooperation to some ade-
ouate extent Of other leading CONNER
cial nations Of the world.
Questions Of possible future nego-
tiations between France, the United
States and ether 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 further duty to us. She stood
shoulder to shoulder with us in Our at
tempt to secure from England even the
concessions she voluntarily offered a
few months ago. In days when the in
fiuence OF the money lender is potent
in almost every capital of the world,
and dominates courts and national pol
icies. the ministry of France stood
fearlessly BY the interests OF the whole
neOple and counted the welfare of its
hundreds Of thousands OF small hold
ers Of land dependent fer their exist
ence upon the fruits Of the soil, as par
amount to that Of the powerful class
which wants money dear and grain
cheap
Here Mr. Woleott announced his in
tention to retire from the commission.
He said;
ut 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 en- enlarged use of that metal
as money; and | say this
-rrrJr7 rzAD-7 r,1, T7r-r v
because shall give way upon the COM
mission to somebody more fitted for
such negotiations ana better able to
give them his constant time This re-
suit cannot be brought about without
the expenditure OF both time and pa
thence and the persons entrusted with
the duty Of negotiation must have back
OF them the hearty support of the Pres
ident and Of Congress"
He thought it might be necessary to
change the ratio 10 something like %
to /.
AT this point he referred to the at
titude Of Secretary Gage on the finan-
cial question contrasting it with the
Presidents position. his words on this
point being as follows:
When Congress convened on the
lth CT last month the PTeSlaent, ii MS
reference to the subject Of information
al bimetalliam. spoke earnestly and
anxiousiy Of his desire to see an inter-
national bimetallie greement.consum
mated. His assurances gave renewed
hope to bimetallists all over the coun-
try. and seemed final and conclusive
answer to those who he'd claimed that
the President was not ia earnest in
his efforts towards international biElat-
allism. For myself, I rocded no sued