Mexico weekly ledger., 1898-06-23

servant. He was not thinking of "the
| poor" then. He haa left ''their side"
| He was not STANDING forth in their de-
Tense" Cheap coats, cheap labor and
dear money; the sponsor and promoter
Of these protesting to stand guard over
the welfare of the poor and lowlyl Was
there ever more glaring inconsistency
or reckless assumption
The Pending international Conference.
Oh, how the pap suckers and patron
age brokers must have WINGED as Will
liam of New Hampshire took the cuticle
off William Of Canton inch by inch
But it must be confessed that he did q
scientific job Of skinning. Leaving his
presidential victim, he said:
"The latest pledge of the Republican
party to bimetallism is contained in the
act Of March 8, 1897, which authorized
President Mckinley to seek to secure
sby international agreement a fixity Of
relative value between gold and silver
as money by means of a common ratio
between those metals with free mintage
at such ratio, and appropriated 800, 900
for the expenses of the movement.
SIN pursuance of this law, our col
league, Senator Wolcott, General
Charles J. Paine, and the late vice presi-
dent, Adlai E. Stevenson, were appoint
ed special ENJOYS to visit and negotiate
with European countries. An account
Of the progress of their mission up to
the present time is to be found in the
speech Of the senator from Colorado de-
livered in the senate ON the 18th day of
January of the present year.
Briefly that history is as follows:
France through her ministers gave
ready expression to the national desire
that the monetary condition of the
world should be restored to that which
existed in 1878 and prior thereto, and
it was agreed that the French embassa-
dor at London and the American ENJOYS
should ascertain what England would
do toward accomplishing the end which
the ENJOYS had been directed to secure.
"While the British ministry held the
subject under consideration the opinion
of the council for India vas taken. The
Bank of England was also asked whether
that institution would contribute to-
ward bimetallism IN agreement to hold,
according to the bank charter act of
1914, on~e-fourth of the banks reserve
in silver. Or July 20, 1897, the bank
replied affirmatively. On Sept. 16 the
council for India replied adversely"
Having quoted the councils letter
inviting further consideration of the
subject and recounted the other steps in
the proceedings of our rowing commits
sion, including the presidents message
to congress, he uttered the following
significant words:
Secretary Cages Blows at the Conference.
"But this concise narrative by no
means gives a complete idea of what
has taken place. The senator from Col
orado seems to admit that the adverse
report of the council for India would
alone have led to the temporary refusal
Of the British ministry to give satisfac-
tory assurances to the French embassa-
dor and American ENJOYS, and the sen
ator does not assert that the embarrass-
ments which the ENJOYS experienced
from the representations made by New
York bankers in England that Ameri-
can public sentiment in favor of bimet-
allism had declined and that the gov
ernmental mission was insincere had
any marked effect in producing the un-
favorable answer of England.
"Mr. President, I am not so charita-
bly, disposed. While ! will not positive
ly assert that the English reply would
have been different if it had not been
for the adverse influences going from
the United States at the crucial moment
of the negotiations, yet 1 do maintain
that if it had not been for such influ.
ences there is great probability that a
different answer might have been made,
and I declare my conviction that the
experiment of procuring assistance for
international bimetallism from the Eng
lish government was not fairly tried.
"The Bank of England's announce
ment of its willingness, if the govern
ment so desired, to hold one-fifth of its
reserves in silver, although dated July
80, 1897, was not publicly known until
the fact was asserted by a correspondent
of the London Times on Sept. II. Prior
to this time there had been in the Unit
ed States little fear of success for the
mission among its enemies, the single
gold standard advocates. The money
men of New York and Chicago had felt
SUR that the ENJOYS could not possibly
accomplish anything. They had been
content to let them go forward without
hostile demonstrations openly made,
but as soon as this answer of the Bank
of England showed that international
bimetallism vas indeed progressing
steps were taken from this side Of the
ocean to arrest such progress.
Immediately representations were
made in London that the mission of our
ENJOYS was mere form and that the adj
ministration did not really desire that
it should succeed. simultaneously with
these representations and for fear that
quiet efforts would not avail to prevent
a favorable reply by the British minis
try the secretary Of the treasury, MI.
Gage took the field openly in person. 81
With that caustic preface he quoted
Mr.. Cages famous interview in the
Chicago Tribune Of Sept. 16, 1897, and
the interview of Mr.. Preston, director
of the mint, in the Boston Herald Of
Aug. 6, 1897. These interviews, in con-
nection with the proceedings of the In
dianapolis goldbug convention of Jan.
IS, 1897, and the action and recommen-
dalton of President Mckinley thereon,
he boldly declared, hamstrung our row.
ing bimetallic commission and brought
all their efforts to ignominious failure.
This and much moro in the same vein
did Mr.. Chandler say. With ruthless
hand he tore the masks off the faces of
the hypocrites in his WI party, whose
words show them to be ~bimetallists and
whose acts prove them to be rank gold
monometalIists.
1t was a great day for silver.
M ~