Show WOLCOTT ON THE PRO PIISALS Mission of American Commission to Negotiate For International Bimetallism WHAT THEY DID AND WHY THEY FAILED Indian Councils Protest Against Opening the Mints Gave a Body Blow to Further Plans SenatorWblcotts Speech In the Senate Yestrdy3tcXin1ey In Hearty Accord With the Objects of tho Commissioners Their Mission Maligned Ma-ligned By a Brutal London Press Subsidized By English Bankers and Money Lenders Hint That th Reply of the Indian Council Was Inspired In LondonPurported Iterviews With Administration Officials Of-ficials Prejudicing the Object of the CommissionVivid Description of Conditions In IndiaAttitude of France Wolcott Pays His Respects Re-spects to Gage and Closes With Renewed Hope In the Success of Future 4 1 Efforts For International Bimetallism Resigns His place In the r Commission 1 < Special to The Herald Washington Jan 17 Senator Cann n says Senator Wolcotts speech was an able and brilliant effort from his point of view But he failed to add I anything to the general knowledge on the subject He frankly acknowledges that the effort to accomplish international bimetallism a failure but exhibits exhib-its nothing but a blind faith in the future His attack on the Gageadmin istration currency plan clearly indicates that the bimetallists who have been relying un the president must hereafter back on the party declarations instead in-stead of the party executive My own Opinion is that the speech demonstrates demon-strates finally that the only hope of bimetallism independent or international is outside the Republican party Senator Rawlins said It was an admirable statement from his standpoint stand-point It was quite severe on Secretary Gage I suppose he took this course on the old principal that the king can do no wrong but when he does the way to get at him is to attack his prime minister In Senator Wolcotts remarks re-marks today I saw no indications that he was likely to leave the Republican party under any circumstances I WOLCOTTS GREAT SPEECH Review of Efforts to Establish International In-ternational Bimetallisms Washington Jan HAt the conclusion conclu-sion of the morning business in the Sl rate Mr Wolcott at 1250 was recognized rec-ognized to begin his address He was in lint voice and commanded the earn est attention of the auditors Mr1 Wolcott Introduced htesuttfct saying be was gJad to make aJstate mtrt respecting certain phases of the work of the recent bimetallic commission commis-sion but in so doing he spoke unofficially unoffic-ially not committing his associates in the slightest degree either to his opin iors or deductions Later in the ses siun he said we are certain to have i ample dscussion on the subject of silver I sil-ver ard it will prebably be acrid and Mtter enough In his remarks today he continued lit must avoid so far as possible anything any-thing which might give rise to controversy contro-versy Taking up the subject his remarks he said that when congress met a year ago there was a universal expression bj the Republican membership in the senate that the pledge of the party in its St Lottls platform to promote international In-ternational bimetallism by every means in its power was an undertaking to be faithfully carried out without evasion or delay He then gave an account of the appointment saying that all three of its members were bimetallists Our views were he said known to the president before our appointment There was no one of us who did Tnt and does not now believe the financial < question overshadows all others and that continued adhesion to the single gold standard means only disaster to our agricultural and commercial inter i eats GIVEN CARTE BLANCHE The commission had he said in its six months stay abroad visited only I London and Paris and he added that J whatever measure of succtss or fall j lire had been meted out to the commis slon it ad lxcn I hampered by no I j lack of authority or sanction or administrative admin-istrative SlDDort U The language of the law had been the commissioners sut and there were I neer at any time he said instruc I tions given us tha sought in the slightest slight-est degree to rhange or hamper or limit I lim-it the full powers conferred upon us by In t We hae beEr lif continued of ff one mind and in ntire agreement dur t1W ins all ot our negotiations and our efforts I ef-forts have iyaly ieeii furthered by our reresentatlvts abroad who were j fcrtifie ly strenuous instructions In England esneciay the able and intelligent in-telligent and cordial coopt ration of our ambassador was of great advantage in our deliberations Summing up the favorable conditions under which the commission operated Mr Wolcott said We have had then a law broad and full In Its powers we have been free rj act under its provisions our views have been identical and earnestly favoring fav-oring an international agreement and we have had the hearty support of our ambassador at the court of St James Further than this from the day of first entering upon the fulfillment of our duties du-ties until now the president of the United States has extended to the commission com-mission his unswerving support In all Its efforts to bring about an international agreement There has been no moment that we have not known that back of our efforts was the earnest desire of the chief executive to carry out in its integrity the provisions of the platform of the Republican party pledging It to every effort to bring about an International Inter-national bimetallic agreement FIRST TO FRANCE The failure of former international conferences he said made It evident that unless some prior understanding was arrived at with some of the commercial com-mercial nations another failure would the result of an International be Internatonal conference con-ference at this time and as France J I Germany and Great Britain had within the year made declarations favorable l to silver it was decided to bring the A subject to the attention of those various var-ious countries and naturally the first turn was made to France for many reasons but above all because of Premier Pre-mier MeUnes belief In bimetallism In France he said the question of bimetallism was regarded as strictly an international question and it was agreed that France and the United States should unite In presenting the question to Great Britain He con < tended for the importance of the preliminary I pre-liminary understanding with France because of the large per capita circulation I circu-lation of that laton country ENGLANDS BAD FAITH Had England even adhered to her assurances of the 17th of March 1S9C I countries representing more than half pf the total money of Europe and the United States jiould have agreed prior o3 < onfgrencet that upon terms to be settled at quota1 conference t at they f would reopen their mints to the unlimited unlim-ited coinage of both gold and sliver I ir Wolcott detailed at some1 fength the joint negotiations on the part of the American commissioners and the I French ambassador In England At I first he said there seemed but few 1 difficulties in the way and he quoted j the resolutions of the house of com 1 mons and the utterances of Mr Balfour I Bal-four and Sir Michael HicksBeach of March 17 1S9C I NOT INTRUDERS We were not therefore he contin contn I ued Intruders We could present ourselves I our-selves with the certainty of that reception I re-ception which must follow direct and j open iniitation and the welcome we i had the right to expect we received I From the day we reached England un I j t we finally left in October our offi I cial treatment was everything that I could be desired The English ministry I minis-try In terms asked the French ambassador I am-bassador and ourselves to baSdor suggest I wherein in our opinion England could materially contribute to a solution of I the question and at the same time retain fn 1 sf dp i et lain for her own people the gold l stand I I ard and what are termed the pro psals were not volunteered but were i I made by way of suggestion at the explicit I plicit request of the English ministry When they were received they were I treated with full consideration as were I i I conducting the representatives the negotiations of the governments I I Mr Wolcott admitted however that Itwas not surprising that another view should have prevailed in this country a view biased he said on the intem perate and hostile and somewhat brutal utterances of the London press respecting 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 I jlnd reflect their views and often their expressions The business of money loaning Is an engrossing pursuit not I I alays lending to the cultivation of the amenities of life and it is not to be wondered at that tho London newspa I ners voicing that Industry should in their hostility to a policy of which they I disapproved forget for the moment I that courtesy which Is due to the stranger stran-ger within the gates especially when I he comes upon invitation and that they should be led to characterize I I tle charcterize proposals I pro-posals as Impertinent which were i made only upon the request of their own government I I I was perfectly realized from the beginning I be-ginning he said that bimetallism for I England was out of the question India I I In-dia was the vital point of all the negotiations nego-tiations with England and all other proposals insignificant lit were insigifcant In comparison compar-ison with that respecting the reopening reopen-ing of the mints of India to the unlimited unlim-ited coinage of silver and the repeal of the order permitting gold to bu paid I for government dues and to be exchanged ex-changed for government rupees I CONDITION OF INDIA Mr Wolcott spoke at some length upon the conditions In India explaining explain-ing the value of the rupee since the closing of the mints to silver In 1S93 The closing of the mints had he said created wide dissatisfaction and there was a general Impression that the Indian In-dian government would be glad to retrace re-trace Its steps Many English monomctallists of wide influence believe the policy to be a mistaken on he said and would bs glad to see the India mints reopened if It could be done without stimulating the cause of bimetallism ard as a separate sep-arate and distinct action There was a general opinion not limited toEngland that the India government would be quick to avail Itself of an opportunity to reopen Its mints and would welcome wel-come another international attempt towards bimetallism that would raise the value of silver and would be glad to cooperate with it In such suth an attempt at-tempt This belief found expression In the speech of the chancellor of the e Continued on Pago 2 kU 0 ip < t j |