New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-20
I'm c,Gr,S EXCELLENT SPEECH.

y, ia Afncul, 70 praise TOO highly the address
~ sccretory Gage before the Cleveland Chamber
nj commc.c Skilled inanciers frequently
tall, and think In the dialect Of their business
and quite forget 10 translate It into English
,,hcp they wish the public 10 understand them.
Secretary Gage makes it palmer every day ihat
n. Is y skilled fnancier. because he is man
of cpmmon-sense. ara knows how TO reason ana
10 cNplain his reasoning in the language Oh
ordinary mortals. 1t Is many years since any
l,pdy>clsr has so thoroughly explained the adui-
,lonal cost and burden which a currency OF
uncertain and nuctuating value involves, anu
Mfr. Gage AT Cleveland took the trouble 10 put
his statement into words so simple thai MS
address might well he used as a document for
public cducntion.
"bc same address performed one other ser
wee The value OF which Will be less generally
appreciated To most people IT does seem
waste OF flmo 10 Kill mosquito with cannon
bail The document ISSUED by Marion Butler
and ,twenly-1ve Senators and Representatives
''of Tho Popullst party is intellectually beneath
notice 4 weaker and more puerlle perform
ance can hardly he found even in the Populist
literature Of these times. But X does, unfortu'
nately represent TIE actual state of mind Of
several hundred Thousand voters and while
their number is not apparently increasing II
Is large enough to make their amazing .gno-
rance and stupidity somewhat dangerous
force Secretary Gage turns his strong search
ieh: on this document. and makes liz foolish
ness. so plain that some OF the Populists them
selves mus; become ashamed Of it, =
rOnc high merit of This address. which has not
o,wavs been fouad IN other efforts of the Sec
rotary. is that 10 fully recognizes the Integrity
ard merit Of international blmetal.Sm, in con-
trast With silver monomctallIsn unlimited hank
expansion or lat-paper circulation. All these
involve Y their advocates do not consciously
seek money OF fuctuating and uncertain value
in the worlds markets. thus placing the IN
dilsrlcs and the trade Of our country at a fatal
disadvantage in comparison with the Indus
tries and trade Of other nations. Against all
these orc arraycd the men who stand fas. for
nnr"S. mcncy. some Of whom hope for !nterna-
tianal binctallsm. while others believe no form
Of bmcialiiSm any longer desirable, but all ara
alike determined 10 tolerate no currency which
rDls the wagc-oarncr md the poor and puts this
Nation nj the mercy ~ 80 rivals. Secretary
Gage shows that International bimpi1llism
means The same measuring-rod for values nj
homo and abroad and so does the maintenance
Of The present gold standard. Both mean hon.
esi money. recognized IN all The markets OF The
world and the differences between The man
who hopes 10 attain tia, end by international
bimcasm and tho other who believes that
salch agreement Is no longer possible Ought al
ways 10 be roc0suize. as insignificant in com
par.sop with ;hclr essential accord in cortcpl-
Ing for an honest measure Of value with shall
be The same in ihIs as in othcr countries II
aug pas, utteranco OF the Secretary has been
open 10 criticism on thai score, he makes
amends honorahly By his hearty and frank
recognition Of the position which genuine b.
mPia,is,s hold