The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1898-01-22
INTERNATIONAL BlMElALLlsM.

Senator Wolcott, of Colorado, de-
livered an interesting address in the
United States senate last Monday and
explained why ne and his two col
leagues failed In their mission abroad
III the interest of international bimct-
allism. He declared that their mission
was blocked by the New York bankers
who told English officials that bimeta-
ism was dead in the United States. The
wall street financiers laughed at the
commissioners and told the English
they were sent abroad to please some
western Republicans, and that the bulk
OF the people in this country favored
the gold standard Such statements
checked their progress in the cause. of
double standard. and the brutal Brit
lsh press ridiculed the American en-
Voys in the most insulting style. Tho
director of the mint and the comptroller
OF the currency made statements cal
culated to injure the bmetallic cau,,
and the secretary of the treasury in his
interviews favored a permanent god
standard and said there was no chance
for an international agreement.
Nobody in Europe" said MIR. VOL
colt. cared rap what the two minor
prophets thought or said, as nobody in
TINS country cares. but the alleged state
mcnts of the secretary of the treasury
were a different matter. We insisted
that the letters must be forgcries ana
the Interviews fictitious, and trust they
were. for it is inconceivable that a.
member of the cabinet would seek to
undermine the efforts of mission ap-
pointed by the president and whose rf-
FORTS he was cordially and zealously sec
onding."
Further on in his address Senator
Wolcott reprimanded Secretary Gage
for preparing a bill on the currency in
direct opposition to the message of Nc
Ninley to congress in which he OK
pressed his desire to see an intcrna-
tlonal bmetalllc agreement CONSUME
mated. Said Mr.. Wolcott: This is
not the proper occasion to analyzc the
bill OF the secretary. 1t will reach linn
DO long before it reaches the senate.
RE proposes to capitalize the premium
or our bonds sold recently and to make
them, with others to be issued a Sc
cur1ty definitely payable in gold. ,Ic
forgets that only few months ago.
when the country was in dire distress
we were compelled to pay nine million
dollars for the privilege of keeping the
"ofd gold out OF some of these very
bonds. He ought not to forget. for the
bank OF which he was president got. It
Is said. some of the bonds and received
some of the proceeds OF that deporable
transaction"
mo Colorado senator announced chat
he would retro from the commission
though he still believed that interna-
tlonal blmetallism is not myth. The
senator Is an honest promoter of BIZ
metallism by the aid of foreigners, but
he VIII eventually realize that tho
American people can go 1t on their own
nook without the aid or consent of
other nations. In 1900 the goldocracv
VIII go down in defeat and bimetallism
VIII be re-estabished. The American
people VIII show the world that they
are competent to govern themselves
financially as well as politically. In
ternational bimetallism may then fol-
low In spite Of the British bankers and
thelr representatives in New York.
Gage and his crew can never fasten the
single gold standard on a sclf-govcrn-
ing and independent people