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

tended for the Importance of the pre-
liminary understanding with France.
because OF the large per capita circu-
laiOn of that country.
ENGLAND'S BAD FAITH.
Had England even adhered TO her
assurances of the 18th Of March, 1896.
countries representing more than half
OF the total money of Europe and the
United States would have agreed, prior
to conference, that upon terms to be
settled at such conference that they
would reopen their minis to the unlim-
tied coinage of both gold and silver"
Mr.. Wolcott detailed at some length
the joint negotiations on the part of
the American commissioners and the
French ambassador in England. AT
first, he said, there seemed but few
difficulties in the way and he quoted
the resolutions Of the house Of COM
mons and the utterances of MIR. Bal
four and Sir Michael Hicks-Beach of
March II, 1896.
NOT INTRUDERS.
We were not, therefore" he contin-
ued, .'intruders. We could present our
selves with the certainty of that re-
ceptiOn which must follow direct and
open invitation and the welcome we
had the right to expect we received.
AN4AA Lie III We lEdIllGQ E<ilSlcNA-u I'LL
til We finally left in October, our Off
cial treatment was everything that
could be desired. The English minis
try. in terms asked the French am
basSaGor and ourselves to suggest
wherein in our opinion, England could
materially contribute TO a solution of
the question, and at the same time re-
tain for her own people the gold stand
ard; and what are termed the pro-
lcf
made by way of suggestion at the ex-
plicit request of the English ministry.
When they were received they were
treated with full consideration, as were
the representatives of the governments
conducting the negotiations.
Mr.. Wolcott admitted, however, that
it was not surprising that another view
should have prevailed in this country
view biased, he said ION the intern
perate and hostile and somewhat brutal
utterances of the London press respect
ing the proposals of the French and
American representatives.
BRUTAL PRESS.
The newspaper of London, like the
newspapers of many of the capitals of
the world" he went on. are dominated
by and allied with the banking element
and reflect their views and often their
expressions. The business Of money
loaning is an engrosSing pursuit not
always lending TO the cultivation of the
amenities Of life, and it is not to be
wondered at that the London newspa-
pers. voicing that industry, should in
their hostility TO policy of which they
forget Tor the moment
that courtesy which is due to the stran-
ger within the gates. especially when
he comes upon invitation, and that
they should be led to characteriZ pro-
-.
made only upon the request OF their
own government"
1t was perfectly realized from the be-
ginning, ne said. that bimetallism for
England was out of the question. In
dia was the vital point of all the nego- |
tiations with England. and all other !
were insignificant in compar- |
ison with that respecting the reopen |
ing of the minis of India TO the unlim-
the order permitting gold to - paid |
for government dues and to be ex-
changed for government rupees.
CONDITION OF INDIA.
Mr. Wolcott spoke at some length
upon the conditions in India, explain |
ing the value of the rupee since the |
closing of the minis to silver in 1888.
The closing of the minis had he said.
created wide dissatisfaction. and there
was general impression that. the In
dian government would be glad to re-
trace its steps.
Many English monometallists of |
wide influence believe the policy to be
a mistaken one. he said. and would be
glad to see the India minis reopened
f it could be done without stimulating
he cause of bimetaliism ard as a sep
arate and distinct action. There was a
general opinion, not limited TO England
hat the India government would be
luick to avail itself of an opportunity
o reopen its minis, ard would well
,ome another international ATTEMPT
owards bmetallism that would raise
he value of silver and would be glad
o cooperate with it in such an at
empt. This belief found expression in
he speech of the chancellor of the ex-
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