The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-11-30
With the Object of Encouraging Eu.
rOpean Bimetallists to Continue
Their Propaganda.
SENTIMENT OF THE PEOPLE
HE SAYS, is AGAINST EITHER GOLD
OR SILVER MONOMETALLISM,
But He Believes that in Time BOth
Metals Will BE Coined Free mt the
Ratio Of 10 1-2 to 4.

WASHINGTON, Nov. 29.-The Post, in a
cable letter from London, will print to-
morrow an advance copy of an important
article written by the Hon. William L.
Chandler of New Hampshire, for the De-
cember issue of the National Review, the
conservative monthly, in which he dis
cusses the late election from the Repub-
lican standpoint. His principal object is to
encourage European bimetallists to con-
tinue their propaganda. The Review COM
menting editorially on the election of
Major Mckinley. dogmatically asserts that
unless the Republican party settles the
silver question before 1900 there will be
nothing left of that party after 1900" SEN
ator Chambers article is as folows
European bimetallists need not believe
that the selection of Mckinley and Hobart
by overwhelming majorities is a decision to
permanently accede to the single gold
standard. The Bryan proposition was soon
seen by the American voters to be simply
that the United States should adopt silver
monometailism: should deliberately give up
all attempts to keep gold and silver at a
parity: should send gold to a premium and
thereby make ii merchandise merely and
should base all American prices upon silver
only. 1t can hardly be considered, upon
reflection, by any true bimetallist, that
such action on our part would have helped
the cause of bimetallism in any country in
the world.
1T is true that the Bryanites called
themselves bimetallists. and that Mr..
Bryan, in his recent outcry from his tenn
porary political entombment, addresses, not
the Democrats. nor the Populists, the
people, but the 'bimetallists. This, how
ever is a sheer affectation. No Bryan ora
| tor writer has seriously denied that the
| adoption of his policy-the immediate, un-
| limited free coinage of silver by the United
! States alone'-woulC send gold to pre-
MUM and keep it thete e for an indefinite per-
| iod. Surely that would be silver monometal-
| lism, and can it be contended that silver
| monometallism is any better stepping stone
to bimetallism than gold monometallism? /
had supposed that it was generally agreed
by thoughtful and rational bimetallists ev-
| hinder, the cause of biinetallism for the
United states TO leap at once to free sill
yer coinage. How, then, can the late de-
| cision or the United States against imme-
date free coinage injure the contest for
bimetallism? Here the question might be
LETT A put fuller survey of all the causes
| OF Mr.. Mckinley may be useful.
| conservative peOple-and America has
| conservatism tnan the Europeans
think-were alarmed at the character of
| the followers of Mr.. Bryan and at their
doctrines additional to the one favoring
archists and wild men Of society whom Eu-
rope has sent us shrieked for Bryan, al
though the great bulk of our adopted citi-
| zens voted for Mckinley. The platform
seemed to countepance rioting as Il means
of redress of grievances, and it made one
of its planks a reconstruction of the Su-
preme Court, in order TO change legal
| decision. A majority Of the American peo-
| pie wish a more energetic foreign policy
than they believe will come from any adj
| ministration named Democratic. They are
| deeply affected by the lamentable condition
| of the Christian subjects of the Turkish
empire. They mean to annex Hawaii. they
desire to see Venezuela allowed to retain
| her rfghtful sole dominion over the mouths
of the Orinoco. They are intensely anxious
to see arrested the atrocities i'm Cuba and
| to aid in making the island free and in
dependent.
but none of the foregoing reasons-not
even the one concerning the national honor
in connection with the currency-infiuencsd
so many voters against Mr.. Bryan as dill
the determination of the American people
to plainly vindicate and firmly establish
the principle of protection to American in
dustrles by adequate tariff duties on for
eign products.
single gold standard, and is in favor of re-
tracing, in due course and with careful re-
gard to the national honor. the steps taken
! in the demonetization of silver. until both
gold and silver shall be admitted TO free
coinage at the ratio of 151a to l and made
the standard money of the world, and the
measure of the values of the worlds a
proposition which would receive the suf-
frages of four-fifths of our voters if this
proposition alone could be fairly presented
| to them, even without further debate.
ITO such convictions entertained by q
vast majority of American voters com.
mitted to bimetallism, the friends of such
a monetary system may confidently appeal
The question is not one of four years MOI
yet of a decade. 1t may take as long tc
/ rpafi CT hos fnx
alize the paralyzing influence of demone
tization. But the fact that six out of thir
| teen millions of American voters have
| given their ballots for the wild project o.
immediate free silver coinage by tht
United States alone shows that the ques
tion Is one which must be compromised
and adjusted in some way. The advocate.
| of gold monometallism are crying out tina
the silver question is dead. They hope
but do not really believe that this is true
Never was it more important for bimetal
lists to exert themselves. Mr.. Mckinley II
pledged by his own words to co-opera
ton with us.
: WILLIAM +. CHANDLER.
Concord, n. H.. Nov. IA.