The Saint Paul globe., 1896-11-30
PLAINS THE WHY OF THE RE-
CENT ELECTION,
sILvERITEs TOO RADICAL.
SILVER MONOMETALLISM A STEP
TOO FAR FOR THE AMERICAN
PEOPLE.
HE BUoYs UP BIsEETALLIsTs
With Assurances That Even McKin-
ley Is With Them for Inter
national Agreement.

WASHINGTON, Nov. 29.-The Post,
print tomorrow an advance copy of an
important article, written by Hon.
William E. Chandler, senator from
New Hampshire, for the December is
sue of the National Review, the Con-
servative monthly. in which he dis
cusses the late election from the Re-
publican standpoint. His principal OBJ
ject is to encourage European bimetal-
lists to continue their propa ganda.
The Review, commenting editorial1y
upon the election of Maj. Mckinley,
dogmaticaIly asserts that UNLESS the
Republican party settles the silver
question before 1900 there will be moth
ing left of that party after 1900"
Senator Chambers article is as fol-
lows:
European bimetallists need not believe
that the election of Mckinley and Hobart by
overwhelming majorities is decision to
permanently accede to the single gold stand
ard. The Bryan proposition was soon seen
by the American voters to be simply that the
United States should adopt silver monometal-
lism; should deliberately give up all at
tempts to keep gold and silver
AT PARITY:
should send gold to a premium and thereby
make it merchandise merely, and should base
all American prices upon silver only. 1t
hardly be considered, upon reflection, by
any true bimetaIlist. that such action on our
part would have helped the cause of bimetal-
lism in any country in the world.
1t is true that the Bryanites called them
selves bimetallists, and that Mr.. Bryan, in
his recent outcry from his temporary po-
litical entombment addresses, not the Dem
ocrats. nor the Populists, nor the people, but
the bimetallists. This, however. is sheer
affectation. No Bryan orator or writer has
seriously denied that the adoption of his pol
cy-"the immediate, unlimited free coinage
Of silver by the United States alone'-would
send gold to premium and keep it there
for an indefinite period. Surely that would
be silver monometallism and can it be con-
tended that silver monometallism Is any bet
ter stepping stone to bimetallism than gold
monometallism' | had supposed that 1t was
generally agreed by thoughtful and radical
bimetallists everywhere that it would not
help, but would hinder, the cause of bimetal-
lism for the United States to leap at once to
free silver coinage. How, then can the late
mediate free coinage injure the contest for
bimetallism? Here the question might be
left. but fuller survey of all the causes of
the defeat of Mr.. Bryan and the election of
Mr.. Mckinley may be useful.
Conservative people = and America has
more conservative people than Europeans
think-were alarmed at the character of the
followers of Mr.. Bryan and at their doe
trines, additional to the one favoring free sill
yer coinage All the socialists, anarchists
and wild men of society whom Europe has
sent us shrieked for Bryan, although the
great bulk of our adopted citizens voted for
Mckinley. The platform seemed to
COUNTENANCE RIOTING
as means Of redress of grievances, and it
made one of its planks a reconstruction of
the supreme court in order to change a legal
decision.
majority of the American people wish a
more energetic foreign policy than they be-
heve will come from any administration
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 Ven
ezuela allowed to retain her rightful sole
dominion the mouths of the Orinoco
They are intensely anxious to see arrested
the atrocities in Cuba, and to aid in making
the island free. and Independent.
But none of the foregoing reasons-not even
the one concerning the national honor in
connection with the currency-infuenced so
many voters against Mr.. Bryan as did the
determination of the American people to
plainly vindicate and firmly establish the
principle of protection to American indus
tries by adequate tariff duties ON foreign
That the United States is opposed to the
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 15h to 1 and made
the standard money Of the world, and the
measure of the values of the worlds a
proposition which would receive the suffrages
OF four-ffths of our voters, if this proposition
alone could be fairly presented to them, even
without further debate.
To such convictions entertained by a vast
majority of American voters committed to
bimetallism, the friends of such a monetary
system may confidently appeal. The ques-
ton is not one of four years, nor yet of dec
ade. 1t may take as long to remonetize sill
yer as 1t has taken to realize the paralyzing
influence of demonstration. But the fact
that 6,000,O00 out Of 13 900, 900 American vot-
ers have given their ballots for the wild
project of immediate free silver coinage by
the United States alone shows that the
question is one which must be compromised
and adjusted in some way. The advocates
of gold monometallism are crying out that
the silver question is dead. They hope. but
do not really believe that this is true Never
was it more important for bimetallists to
exert themselves. Mr.. Mckinley is pledged
by his own words to cooperation with u.s.
William E. Chandler
Concord. N. H., Nov. IA, 1896.