La Junta tribune., 1898-01-22

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cans that the pubIic generally favored
the eold standard and that the presi-
DENT Of the United States shared this
view.
The statements were" Mr.. WOscott
naid. '.of courne untrue. bur In support
OF them. these people assumed to pre-
sent interviews and statements Of the
director OF the mint. q hOld-over from
the last administration. the Late comp
tr0lIer Of the currency, an equally pre-
ci0us lekacy. now out Of the public
service and trnnsplanted TO Chicago
bank, and pretended statements In let
tiers and Interviews from the secretary
OF the treasury to the effect thnt there
wns no chance for interim tiOnnl or
other bimetallism and favOring the per
manent adoption OF the gold standard.
Nobody In Europe cared a rap whut
the two minor prophets thought or
said. as nobody In this country. cares.
hut the alleged statements OF the sccre-
tary. Of the treasury were q different
matter. We insisted that the Letters
must he forReries and the interview3
fictitious, and ] trust they were, for
II was inconceivnble that \ member Of
the cabinet would seek to undermine
the efforts OF \ mission appointed by
the President and whose efforts he was
cordially and xealously secondiug.
The commission WAS" he said. ''aiso
attacked from time 20 time by state
ments from extremeists in the other
direction. insisting that our efforts
were sham and pretended: that we had
no hope or expectation Of success: that
the President wns secretly opposinz
US; that II was disgrace to our
country that we were permitted to In
Wife nfhaF er fnl sxu t,.
mints; that II was humiliatlnx that We
were even consulting any other coun-
Try ON that subject; that failure wax
inevitable and the sooner we came
home the better. II was q new and
somewhat iudicrous view Of the sill
yer question that made II humiliating
that this country should invite other
countries like France to join In open
mints. or made II unimportanf to as
certain the attitude Of India with her
thousand millions ounces Of silver In
bullion and ornaments changing hnnds
IN the baxaars at bullion value and her
o1o,oooUO ounces Of silver In silver
coins doing duty Mt the ratio OF about
- TO L.
He excepted Senator Jones or Ar
kAnsas. chairman of the Democratic
national committee. from the charge.
but concluded that IT was unfortunate
" true that the bitterness OF the last
campaign blinded the vision of many
men no TINT tho thing they believed to
De Impossible they came to hope would
be impossible
Mr. Wotco:f summarized the present
situation by saying II is apparent that
Tor The time being II IL useless to count
on any cooperation from Great Brit
am toward blmetallfc agreement, and
'hnt while France actively desires 10
see silver restored TO its old position a.
u standard OF value equally with gold.
she insists that the problem IL one
and the cooperation to some extent of
other leading commercial nations of
the world.
Questions OF possible future negotin-
tions between France. the United
States and other countries and the
question Of change OF ratio are for the
moUent held In allegiance. While we
hope for continued Joint actIon. France
owes NO further duty 10 us. She stood
shoulder to shoulder with MS in our af
tempt TO secure from England even
the concession she voluntarily offered
few months ago.
IN DAYS when the influence OF the
money lender is potent In almost every
capital OF the world and dominates
courts and national politics, the minis
try OF France stood fearless by the in.
terests Of the whole people and count
ed the welfare OF Its hundreds OF thou
sands Of small holders OF land, depend.
ent for their existence upon the fruits
Of the soil, M paramount % that Of
the powerful class which wan, money
dear and grain cheap"
Here Mr.. WOlcOtt announced his In
tentlon to retire from the commission.
He said: =
1T IL my sincere conviction that an
International bimefallic agreement IN
still feasible. by the terms OF which
certain countries will joIn and omen
their mints 10 the unlimited coinage OF
silver. and others will contribute 10
plan an enlarged usage OF that metal
a. money. and l say this more freely
because shall give way upon the COM
mission to somebody more fitted for
such negotiations and better able to
give them his constant time. This re-
suit cannot be brought about without
the expenditure OF both time and ma
fience, and the persons entrusted with
the duty OF negotiations must have
back Of them the hearty support OF the
President and Congress"
On the possibility OF having 70
cuuuke tne EatlO Mr. WOIcOt said:
~lt may also be necessary, In my
opinion. to make concessions In the
ratio, bringing II somewhere in the
neishborhood OF 20 to 1, more nearly
apprOximn:ing the ratios recognized ,Y
Russia, Austria and India. There are
many countries unyisi;ed where there
h strong blmetallic sentiment and
which would undoubtedly cooperate In
some fair plan. The Right Hon. Leon
ard Courtenay. In recent speech.
stated that 1t was reported that the
German emperor had said he was ex-
tremely s0ry and disappointed to hear
that the India government would not
reopen the India mints. trust this
may be true, and. In any event. there
are many promising fields ~ yet nm
tr0dden and many avenues through
which we may hope for success.
a