The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-01-18

/ in almost every capital of the world,
/ and dominates courts and national pol
! icies, the ministry of France stood rear
lessly by the interests of the whole peo-
pie. ard counted the welfare OF us
! hundreds of thousands of small holders
| of land, dependent for their existence
upon the fruits of the soil, as para
mount 70 that of the powerful class
which wants money dear and gram
cheap"
WILL RETIRE.
Here Mr.. Wolcott announced his in
! tention TO retire from the commission.
He said:
ut is my sincere conviction that an
/ international bimetallic agreement IS
| still feasible, by the terms of winch
certain countries will join and open
their minis to the unlimited coinage Oh
| silver and others will contribute TO
! plan an enlarged usage of that metal
as money: and l say this more freely
| because l shall give way upon the COM
mission FOR somebody more htted TOT
such negotiations and better able TO
| give them his constant time. rms re
| suit cannot be brought about without
l the expenditure of both time and pa
/ thence. and the persons entrusted with
| the duty of negotiations must have
| back of them the hearty support OF the
| president AID of congress-
| He thought it might be necessary 70
| change the ratio to something like ~
70 /
CAGES ATTITUDE.
At this point he referred to the at
| titude of Secretary Gage on the imam
cial question contrasted with the pres
ident's position, his words on this point
being as follows:
When congress convened on the 9TH
of last month the president, in his ref
erences to the subject of international
bimetallism, spoke earnestly and anx-
iously of his desire to see an interna-
/ tional bimetallic agreement consum-
mated. His assurances gave renewed
hope to bimetallists all over the coun-
try. and seemed a final and conclusive
answer to those who had claimed that
the president was not in earnest in his
efforts toward international bimetal-
lism. For myself, l needed no such
proof l had again and again been
made to know how genuine was the
presidents devotion to the settlement
of the vexed question Within fort
night after this, with no event mean
while which would change existing con-
ditions, the secretary of the treasury in
support of a bill which he had pre-
pared respecting the currency, said as
| follows TO committee of congress;
(Here he quoted the remarks of the
[ ScCICldIy VI llAC lASe~S0iJ
STATEMENTS AT VARIANCE.
THE two statements are utterly at
| variance" he continued. and contra
dictory to each other. They cannot be
reeonciIed This is not the proper &C
! casion to analyze the bill of the secre-
| tary. 1t will reach limbo long before II
! reaches the senate. He proposes to
capitalize the premium on our bonds
| nd fn fhaTn Wit n
others to be issued, a security def
nitely payable in gold. He forgets that
only few months ago, when the coun-
! try was in dire distress, we were COM
PEELED tc pay 80 900. 900 for the privilege
of keeping the word gold out of some
of these very bonds. He ought not to
/ forget that the bank of which he was
president got, it is said, some of the
bonds and received some of the pro-
ceeds of that deplorable transaction
! But | do not intend to discuss the bill
which the presidents message specific
| ally does not endorse; and il is prema-
! ture to criticize the secretary's Repub-
! licanism for his advent into the party
and the cabinet were practically con-
4 temporaneOuS. We must accept the
/ situation.
REPUBLICANS REPRESENTED.
] In my opinion the great majority of
/ the members of the Republican party
are bimetallists. and the fact that they
are misrepresented by a cabinet officer
is not pleasing but it is endurable. The
selection of the members of his official
, household is the presidents own af-
fair. and so long as he stands upon the
question of bimetallism where he has
ever stood. there is no serious ground
] for apprehension. But even in the in
conceivable event that the chief mag
e-1,r hls
ercise of his judgment. determine to
countenance the final fastening upon
this country of the burdens of the gold
! standard, | trust we may still find war
rant for faith and hope in the pledges
of the party and the wisdom of It's
councils. We will cross our bridges
when we come to them. The time
when this country will submit to the
final imposition of gold monometallism
is far away
STILL HAS HOPE.
Continuing his presentation of the
desira bility of an international agree
ment which had been depressed from
to refer to the secretary of the treas
ury. Mr.. Wolcott said:
whatever difference of opinion may
exist as to the ability of this country
alone to maintain the parity between
silver and gold. there is no question
that the concurrence of other nations
would help and not hinder the cause
of bimetallism in the United States
and efforts to secure it ought TO re-
ceive the cordial support of every
citizen who is opposed TO gold mono
/ metallism. International bimetallisn
is not a myth, d chimera- The people
4 of Europe are, even as we are, strug-
Cling to keep their heads above water
and seeking biindly for that which
may make for prosperity and for pro-
gress.
Much of the recent legislation il
Europe looking to the increase of gold
holdings and the depreciation of silver
finds its origin in the exisencies of {
situation where readiness for war is
the paramount necessity. There is
hardly a statesman in Europe who be
lieyes the last word has yet been sale
upon the question of the remonetiza-
ton OF silver, and hardly one who
would not welcome an effort to settle
the question internationally Only {
few days ago. just before Christmas
in a debate in the French chamber, NJ
Aeline again declared from the tribune
that the French government was a
one time with the United States on the
question of bimetallism.
In the face OF such a declaration Il
is rs cowardly to abandon hope as il
is false to talk about failure. Inter
national bimetallism is TO the golC
'monometallists a stumbling block, anC
to the silver monometallists foolish
ness. but is it not. nevertheless, {
splendid possibility? Its accomplish
ment would be the greatest blessins
that could befall our people, and [,
: ! achieve might we'll afford p,