Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-01-20

| silver, bne cOlncluent JhIlH IeRlblhlou
IN the United Slater, and the state
ment Of New York bankers in Eng
land, who, he said, sought access to
the English officials and assured
them that any sentiment which bad
formerly existed in the United States
in favor OF bimetallsm, was dead.
Other statements made by the bank
ere, according to Mr.. Wolcott were as
follows:
That the commission was sent solely
as sop to few western republican,
That the country generally favored
the gold standard, and that the presi-
dent Of the United States shared this
view.
"The statements were," Mr. VOL
colt said, "of course untrue, but in
support OF them these people assum.
ed to present interviews and state
ments of the director Of the mint, q
hold-over from the last adminlstra-
ton, the late controller of the cur.
rency, an equally precious legacy,
now out OF the public service and
translated TO a Chicago bank; and
pretended statements in letters and
interviews from the secretary Of the
treasury to the effect that there was
no chance for international or other
bimetallism and favorlng the perma.
nent adoption Of the gold standard
Nobody in Europe cared a rap what
the Two miner prophets thought or
said, as nobody in this country cares,
but the alleged statements OF the sec.
rotary Of the treasury were q different
matter. We insisted that the letters
must be forgeries and the interviews
fictitious, and / trust they were, for
it was inconceivable that a member
of the cabinet would seek to under
mine the efforts of a mission appoint
ed by the president and whose efforts
he was cordially aud zealously Sec
oDdlpg"
MIR. Wolcott summarized the pres.
ent situation by saying that 1t is ap.
parent that for the time being 1T is
useless to count on any co operation
from Great Britain towards q BIZ
metallic agreement, and that while
France actively desires 10 see silver
restored to it's old position as stand
ard of value equally with gold, she
insists that the problam is one which
demands international action and
the co operation to some adequate ex-
tent of other leading commercial ma
tions of the world.
1T is my sincere conviction that on
international bimetallic agreement is
still feasible, by the terms of which
certain countries will JON us and
open their mints to the unlimited
coinage of silver and others will CON
tribute to the plan an enlarged use Of
that metal as money; and / say this
the more freely because I shall give
way upon the commission to some
body more fitted for such negotls-
tions and better able to give them his
constant time This result cannot be
brought about without the eypendt-
ture of both time and patience and
the persons entrusted with the duty
Of negotiation must have back of
them the hearty support of the presi.
dent and of congress-"
He thought it might be necessary
to change the ratio to something like
20 to /.
"Whatever differences Of opinion
may exist as to the ability Of this
country alone to maintain the parity
between silver and gold, there is no
question tbst the concurrence Of 9TH
er nations would help and not binder
the cause of bmetalllsm in the Unit
ed States, and efforts to secure it
ought to receive the cordial support
of every citizen who IS opposed to
gold meaemetallIem. international
bimetellism Ia not q myth, Ghimera
The people Of Europe are, even as we
arc, struggling to keep their heads
above water and seeking blindly for
that which may make for prosperity
and for progress"
\ -
MANHATTAN KAN Jan 10 i99