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Show WOLCOTT 8PEAK8 T'lla of Latxira of lllin,lf an I CetleafaM Atieoi! Uathlngton, Jan Id Senator Wol-rott Wol-rott ot Colorado chairman of tho III-metalllo III-metalllo Commimton In a ajx-ech In the aenate, detailed the work of that body andaudgncd wot rcaaona for It failure In It he did not repreacntthe rommlaalon ofllelally, but aald later In theacaalon an ofllelnl document would bepreaenteil He cxprcaacil appreciation of cordial eaaiatanec exteudcil the commlaalon In ita labor by im raaaador nbroad and by tho udmlnlaWntlon, and charged failure to the bad faith of Knglnnd Indln reply he charged, wa In-aplrnl In-aplrnl In tendon Mr Wolcotl apoke nt aomo length upon the condition In India, explaining explain-ing tho value of tho riifKO alnco the rloalngof the mini to allver In 1893 The cloning of tho mint had created nlde dlMillafactlou, nnd there wa n general linpreMlon Hint tho Indian g iturnment would 1 glad to retrace ita atrpa. There waa n general opinion, not limited to Knglnnd thnt tho India government wouhl bo quick to avail itaclfofnn opportunity to reopen It mini and I am ntiro Hint t violate no confldcnm when I nay the anawer of the lull gorrrnmint protcatlng gilnat reopening the India mint wa much a urprlac to the Kngllah mln-airy mln-airy na It waa a dluppolntmcnt to ua. While the proteat wn made final, nnd , while the I'ngllah government In Ixm-d Ixm-d n could have overruled the objection from Indln jet audi action would have been contrary to nil prrccdcnb To ua Mr Unlcott anld the India I aituatlon la Inexpllcaldo Mllllona of 'people moat of them extremely poor, have for year Invented all their Hiving Hiv-ing In allver Theae nccumulaltona a few ycara ago wcro worth a thousand million of dollar nnd more Today I they arc worth lea than half that Mini Hy thu cloalng ot the India mini and tho nrtlllclnl gold value given to allver Indln I nl a great dltndvantage with the neighboring countrlia the export of which nreatlmulnlcd by tho I higher premium on gold nnd Ihey nro robbing India of much other manufacturing manu-facturing and export Irnde Tho prcaent prca-ent policy Inflict uroi India na writ n tho evil of nn Inaufllclcnt nnd ateadlly leaaenlngcurrcncy.evtl wlih h the vlelnaitndc of that dependency during the pnat twelve month hnve erred to rmphnle The world ha heard much of the famine In Indln nnd of the great funda uhM-rlbed fur Ha victim It haa mil been however, joncrally known that the famine waa one of money rati or than food; that the rnntrlbullona w o elderly forwarded to Itidlit In the form ! of money nnd nnl grain, and that dur lag tho whole period of the famine rlco lyna abundant where men were atarv-1 Ing, nnd It price waa but n trifle over a rent n pound, lc than tho price of wheat In Knglnnd I o- all thcaa evil the loaa in tho valuo of the aavlnga of the people the dlaadvnnlngo of n dlf fi lent purchasing valuo for altvir In India from that which prevailed In China, the cvlli of nn limifllcicnt vol utna ot money nnd thei normoua Injury j which commerce aulTered through vlo lent tluctuatlona lu tho rate of ex change, wo olTercd what wo believed to bo a rt med) Ouroffir waa rufuted, nnd tho refusal re-fusal inuat bo cnnaldcrcd na final until the failure of the experiment upon I which the India government haa en- i Icrcd ahall be demnuatrnttd |