The Meeker herald., 1894-01-06
CHANDLER ON SILVER.
The New Hampshire Senator say. W.
Must Have More silver Cpinagi.

The New Hampshire Senator say. W.
Must Have More SILVER Cpinagi.
Senator Chandler, of New Hampshire, in
IN interview with reporter of the New lorA
Recorder, recently expressed views very friend
" to silver. He said that the evil effects that
must flow from the striking out of all the sill
yer OF the world as a measure OF value can
not be overstated 1t would lower the prices
Of all property enormously excepting gold.
Of course. 1t would put burdens upon debt
ors which they could not carry and must sink
lnder. Widespread insolvency and financial
ruin would result.
Secretary Carlisle says he cannot conceive
Of two measures OF value any more than he
Fan conceive OF two yard-sticks OF different
lengths, or two standard weights containing
different number of pounds. That state
ment simply ignores the principle OF blmet-
allism, which Is that the two metals shall be
fastened to each other by agreement as 10
the ratio Of coinage; that then there is TO be
free coinage OF both metals, and then the
privilege to the debtor of paying in the least
valuable metal will always keep the two met
ais at parity at an agreed ratio.
I'm view of the fact that an international
agreement in favor OF bi-metalllsm seems to
be unsttalnable, what course do you think the
United States should taken
''If the gold nations persist In their present
policy a very serious question Is presented.
understand you to ask me what Is to be done
by this country and the sllver-producing ma
tions generally, If b!metalllsm cannot be irm-
ly re-established by agreement of all ma
tons' ! must confess that ! see no alterna-
tive for them except to adopt silver mono
metaIlism. Whether may think 1t best OF
not is not the question. How would the
people of the United States vote upon that al
ternatyei Unquestionably II the choice is
between gold monometallsm and silver mo-
nometallism, and there Is no halfway posi-
ton possible, the people OF this country Will
vote for silver recommendation. This would
not be ruinous step. Gold would go to IA
premium We should conduct our business
and settle our balances with England and ,he
gold nations In gold At home and among
silver nations the silver standard would pre-
vail
"Our condition was worse than that from
Is6l-62 until 1876, becauee both gold and sill
yer were at premium during that period,
and we only had paper money rs our stand
ard of value; yet the country prospered.
The United States can carry with her in the
use OF silver all Western hemisphere nations,
including Canada, and we might bring into
the silver union both India aud China There
ought to be a conference OF all these silver
using nations Immediately to see what can lie
done TO league them together for the defense
, of their common monetary interests and
against god recommendation
What do yon think will he the outcome OF
the present monetary situatlOn."
II think that If a strong movement is made
for bimeialllsm in this country and all over
the world, and the siver-producing nations
unite in demanding blmetnllism and In de-
cIaring that, rather than submit to the single
gold standard, there will be n renewed inter
national concensus OF the free coinage of
both gold and silver. England could and
would be In that way driven into an agree
ment for the coinage OF silver as we'll as gold.
It may be necessary to change the ratio, but
not much.n
and YSa fGsT Sn hf a. As sqS lie 'afH Is I'VE
Most assuredly. The silver question must
be dealt with as well as the tariff. Indeed, 1t
neeis to be dealt with more than the tariff
for the tariff had better be left alone. 1t il
quite useless to try to shelve the silver ques-
ton indefinitely. The Cleveland policy of
trying to go along and do nothing about IT is
impossible The inevitable evolution of events
will not consent TO It. We cannot remain
standing right where We are. because the
ground under our feet is not firm. Our cur
rency troubles will return 10 Us In little
while. There is just as much uncertainty as
to what the currency OF the world is 10 be as
there is to what the American tariff is to he.
Ia. ~ 81. L.
confidence. IN short, regard these questions
tariff and silver-as the twin dsturbers of
the commercial peace OF the world The Re-
publican party ia committed, | believe, to the
true solution of both-a protective tariff and
bitnetallic currency"