The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-18
CITY OFFICIAL PIPER
snSATon woIcoTrs REVIEW.

sux ATOR wOLC0Trs REVIEW.
Senator Woleotts review of the work
% the international monetary commits
zion II exceedingly interesting He had
the admirable taste I'm presenting the
result OF his mission TO his colleagues
III the serate meyer To- deviete from mar
SAtiye 10 controversy.
Two roinsg seem 10 be well established
a. . result OF the steps which have
bser taken To secure international BIZ
suetalllam: one Ii that the president has
most faithfully and earnestly endeav-
ored ta carry out the declarations made
In the Republican platform, and the
ether In that II international bi-,netai-
llsm II adopted II cannot be at the ratio
Of 10 to 1. Senator Wolcott thinks that
the ratio will have TO be something like
- TO l.
The prospects for international BIZ
metalIisns have not been decreased by
the communication which have taken
place between the several governments.
Trance Is evidently very anxious to
brlns about an International agreement.
but courteousiy. yet firmly. adheres TO
thu view that bi-metallism IL an impos-
sibiiity except by International agree
u1ent. The government OF France will,
Of course. not presume 10 tell US what
the result would be IL we should at
tempt to adopt II alone. but the infer
ance II very clear that France ~ not
going to jeoparsilze her prosperity by
attempting II. So far as England Is
concerned. there In no hope until. as Mr.
Wolcott points out the experiment
which II now being tried In India has
proved failure. The minis were
closed to silver In the hope of bringing
about better condition. they have. In
stead. become worse. The Indian gov
ernnent II not yet convinced that the
cioasng Of the minis To silver was the
cause Of the troubles. Indeed. the Inn
precision seems to prevail that the only
hope Of india is In the adoption of the
gold standard. Probably that will be
tried, and when that has been demon
atrated 10 be a failure, both the Indian
and the home government will NO doubt
be In better frame Of mind TO listen
10 suggestions for system which shalt
be universal
Senator woieott Is very earnest In
warning the people ~ the United States
Of the difficulties In the way Of revo-
lutionary change In the money system
of the world. lie says that the resul,
tan not he brought about without the
expenditure Of both time and patience.
He adds that the persons entrusted
with the duty Of negotiations must have
back af them the support Of the prcsi-
dent and Of congress, THIS they will
have. a. he admits he himself had. nj
though he excerpts Secretary Gage. Sec
'ssais eass attitude IN perfectly con
Eistenf with the Republican platform
and the position taken by the president.
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