The Caucasian. (Clinton, N.C.) 188?-1913, 1895-02-28
UNCONDITIONAL
SURRENDER.
The Democratic Silver Men CAN'T
ulate Abjectly to Grover and
the Gold Bosses.
AFRAID OF VANCE'S GHOST
senator Chandler sp~aks-The People In
Distress. One Half Of the World.
Money Destroyed, Property Value.
Gone. The Republicans Committed to
Bi-MetAllism.

Special to The Caucasian
WAsHISGToN. Feb. aO-At a single.
boz of the gold bug filibu>terrr, the.
silver Democrats abjectly surrendered.
Ii was all "A bluff. and the as.inin. per
iormance ended by an open confession
In the Senate today. senator Ransom
flibustered last night on the Mexican
| side of the question. IL was noticed
that he avoided the deserted cloak
| room dreading, somebody suggested.
| that he might encounter Nanc.'s
| ghost. IL is an unconditional surren-
der on the part of silver Democrats.
Fear OF an extra session of congress
Is the alleged excuse. but IL is "A con-
iesslon of failure Ia redeem party
pledges. The debate to-day on th,.
Wolcott resolution was .desultory until
senator Chandler got the floor and
| startled the senate. He sounded "A KEY
note which alarms Republican leaders
and his speech, commanding the close
attention of a full senate has been the
chief topic of discussion among them
to-day. Mr.. Chandler. is an ultra New
England Republican,, but Is not blind
ed to the unmistakable financial drift
In this country to the single gold stand
ard If as he says il has not already been
|
ment should pay its debts i'm silver or
gold is insignificant, ne said "compar-
ed with the thousands of millions Of
obligations which weigh with crush
ing force upon the millions of
our fellow countrymen, equal
TO or greater in amount
than they were a few years ago, while
in the mean time half the worlds
money has been stricken from the ex-
lstence. and the prices of all property
from which debtors must derive the
means to make their payments have
gone down one-half." There can be
no prosperity under these conditions -
he declared, with an emphasis that
shook the galleries with applause. But
the next climax walked up the Repub-
lican Senators. The Republican party.
he said, is pledged by its national con-
tiOn to establish bimetallism i'm this
country. Gold monometallism is our
destiny, if some affirmative action in
another direction is not soon taken. If
there are OOOO0,OO0 of gold and ST.
OOO, 100000 or silver in existence. con
shutting together the worlds meas
ure of value and One-half of the guam
tity is abandoned as money
metal and measure of value the other
nall appreciates In value and
destruction comes to the values of all
other property while all the debts of
the world remain unreduced. This
brings insolvency to debtors and ruin
to business and enterprises "TO such
a fate the people are now exposed. The
adoption of the single gold standard
has. produced the impending calamity
that threatens the people with hope
less bankruptcy. Bimetalism must be
restored or another step forward means
the issue between gold mOnOmetalism
and silver mOnOmetalism.
cit is useless to shut our eyes to the
fact that the debtors are more numer-
Gus than the creditors and that the
citizens who want prices of property
to go up out number those who want
them to remain as they now are" The
gallaries thundered their approval of
the New Englander's logic. Obviously
and naturally both Republican aud
Democratic leaders would avoid this
issue, but in action on the silver ques-
tiOn and the consequent adoption of
the single gold standard inevitably
leads to it. 1t is not hard to guess
what the result will be, once the issue
is submitted to the American people.