Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1896-12-04
CHANDLER ON Sill w.
SAYS THE ELECTION WAS NOT A
GOLD vICToRY.
Article for the National Review, nm
English Monthly, Squirting BIZ
metallists tOrActiOn.

cable letter from London, will print to-
morrow an ADVANCE copy Of an important
article written by Hon. w. e. Chandler,
senator fom New Hampshire, for the
December issue of the National Review.
the conservative monthly, in which he
discusses the late election from the re-
publican standpoint. His principal object
Is to encourage European bimetallists to
continue their propaganda.
The Review, commenting editorially up
on the election of Major Mckinley, dog
E,atically asserts that unless the re-
publican party settles the silver ques-
ton before 1900, there will be nothing left
Of that party after 1900"
Senator Chambers letter Is as follows:
European bimetallists need not be-
Eeve that the selection Of Mckinley and
Hobart by an overwhelming majority IS
decision to permanently accede to the
single gold standard. The Bryan propo-
sition was soon seen by the American
voters to be simply that the United States
should accept silver monometallism;
should give up all attempts to keep gold
and silver at a parity; should send gold
to a premium and thereby make 1t NOR
chandise merely, and should base all
American prices upon silver only. 1t can
hardly be considered upon reflection ny
any true bimetallist that such action On
our part would have helped the cause Of
bimetallism in any country In the world.
TT is true the Bryanites called them
selves bimetallists, and that Mr.. Bryan
in his recent cutlery from his temporary
political entombment, addresses not the
democrats, nor the populists, nor the
people, but the bimetallists. This, how
ever, is a sheer affectation. No Bryan
orator or writer has seriously denied
that the adoption of his policy-the i'm
mediate unlimited and 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 monomet-
allism, and can it be commended that oil
yer monometallism Is any better step
ping stone to bimetallism than gold mon
ometallism? I had supposed that 1t was
generally agreed by thoughtful and rd-
tional bimetallists everywhere that 1t
did not help, but rather hindered, the
cause of bimetallism for the United States
to leap at once to free silver coinage.
How, then, can the late decision Of the
United States against immediate free
coinage injure the contest for bimetal-
lism? Here the question might be left,
pul d lulleT survey VI Gil Iu6 CRUISES "a
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 with their
doctrines additional to the one favorlng
free silver coinage. ALI the socialists, an
archists 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 1t made one
of its planks a reconstruction of the su-
preme court, In order to change legal
decision.
"a majority of the American people
wish a more energetic foreign policy than
they believe will come from any admins
tration named democratic. They are SIM
ply 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 rightful sole dominion over the
mouth 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 with the one concerning the national
honor in connection with the currency. in
| fluenced so many voters against Mr.. Bly,
an as did the determination of the Amer
lean people to plainly vindicate and firm
| ly establish the principle of protection to
| American industries by adequate tariff
duties on foreign products.
THAT the United States is opposed to
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 decentralization of silver until gold
| and silver shall be admitted TO free coin
age at the ratio of 151s to l, and made the
| standard money of the world and the
| measure of values of the world, Is prop
osition which would receive the suffrages
of four-fifths Of our voters If this PROPOSE
ton alone could be fairly presented them,
even without further debate.
ITO such convictions, entertained by a
vast majority of American voters COM
mitted to bimetallism, the friends Of such
monetary system may confidently ap-
peal. The question Is not one of tour
years, nor decade 1t may take as long
to remonetize silver as it has taken 10
realize the paralyzing influence of demon
etization. But the fact that six out of
thirteen millions of American voters nave
given their ballots for the wild project of
immediate free silver coinage by the Unit
ed States alone shows that the question
Is one which must be compromised and
| adjusted in some way. The advocates of
gold recommendation are crying out that
the silver question Is dead. They hope,
but do not really believe, that this Is true.
Never was 1T more important for bimet-
| Mr.
Is pledged by his own words to cooperate
with u.s. WILLIAM E CHANDLER
Concord, N. H., Nov. "a, 1896"