Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1898-01-17

desires to see silver restored to its old
| position as a standard of value. equally
with gold, she insists that the problem
is one which demands international ac-
| tion and the corporation. TO some ade-
quate extent, OF other leading CONNER
cial nations. Senator WOlcott then an
nounced his intention to retire from the
commission. He said
1T is my sincere conviction that an
international bimetalism agreement is
still feasible by which certain coun-
tries will join and open their mints to
the unlimited coinage of silver, and
others will contribute to the plan by an
enlarged usage of that metal as money;
and say this more fully because | shall
give up my commission to sombody
more fitted for such negotiations, and
better able to give them his constant
time"
He thought it might be necessary to
change the ratio to something like 20 to
l. AT this point he referred to the atti-
tude of Secretary Gage on the financial
question as constrasted with the presi-
dents position. This is not the proper
occasion to analyzc the bill of the secre-
tary," he said 1T will reach limbo
long before ittreaches the senate.
Republicans Favor Bimetallism.
I'm my opinion, the great majority of
the members of the Republican party
are bimetallists, and the fact that they
are misrepresented by cabinet officer
is not pleasing, but it is endurable.
But even in any conceivable event that
the chief magistrate of this people
should in the exercise of his judgment,
determine to countenance the final fast
ening upon this country the burdens of
a gold standard, trust we may still
find warrant for faith and hope in the
pledges of the party and the wisdom of
its councils We VIII cross our bridges
when we come to them. The time when
this country will submit to the final i'm
position of gold monometalism is far
away.
international bimetallism is to gold
metallst stumbling block: and
to silver, mono-mctallists, foolishness;
but it is nevertheless a splendid possi
bility. Its accomplishment would be
the greatest blessing that could befall
our people, and to achieve it, we might
well afford to sink for time, the hos
tiities of party and the chickering's of
factions.
Senator Wolcott spoke an hour and Is
minutes. As he sat down there was a
burst of applause. and for several min
utes he was surrounded by colleagues
who desired to tender their congratula-
tions
Immigration Bill Passed.
N,lx4 i i l..
on the resolution which had been the
basis of Senator Wolcott's remarks.
Senator Lodge (Mass.,) demanded the
regular order. which was the immigra-
tion bill, and was sustained by the vice
president. Senator Hoar spoke in favor
of the bill. Senator Spooner wis.,
while supporting the general character
of the bill, said that rather than to sup
port the provision requiring an immi-
grant to write as well as read, he would
vote against the bill. At the close of
the debate the immigration bill passed
by vote Of As to 20.
Session Of the House To-day
This was District of Columbia day in
the house and the hoI4ss nraceeded tnI
the consideration OF district business.
After the passage of three bills of
purely local Importance the house re-
sumed the consideration of the army
appropriation bill.
The feature of the afternoons debate
on the army supply bill was the speech
by Representative Mcclellan, son of
General Geo. B. Mcclellan, criticising
the army as little better than a clumsy
police force, utterly unprepared for war
and antiquated in its methods and or
ganization.
Representative Lewis (Wash.) op-
posed any increase of the army as an at
tempt to further aid trusts and monopo-
lies in striking down the people.
Considering Currency Reform.
Secretary Gage and ex-Secretary Fair
child were before the house committee
on banking and currency today for fur
ther discussion of the pending plans for
currency reform.
Mr., Gage assented to Chairman Walk
er's suggestion that he appear as Il
banker and financier of long experience
to aid the committee.
The chairman asked If it were pos
sible to keep paper money at an equality
with the coin purchasing power without
the coin on hand Mr. Gage answered
that he thought not.