The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-12-03
The SENATOR FROM NEW HAMP-
SHIRE BUoYS UP TRUE BIZ
METALLISTS.
BRYAN|SM MEANS MONOMEALL|SM
ana His Election Would Have Retarded
Bimetalism Many Years-He Thinks
the American People Also Want
High Tariff

cable letter from London, will print to!
morrow an advance copy of an article
written by Hon. William e. Chandler
OF New Hampshire, for the issue of
the National Review, the conservative
monthly, in which he discusses the late
election from the republican standpoint.
His principal object is to encourage
European bimetallists to continue their
propaganda.
The Review, commenting editorially
on the election of Maj. Mckinley, dog
matically asserts that Unless the re-
publican party settles the silver question
before 1900, there will be nothing left
of that party after $780,"
Senator Chambers article is as follows:
European bimetallitsts need not be-
lieve that the selection of Mckinley and
Hobart by overwhelming majorities is a
decision to permanently accede to the
single gold standard. The Bryan propo-
sition was, as shown by the American
vote simply that the United States
should adopt silver monometallism
should deliberately give up all attempts
to keep gold and silver at n parity; should
send gold to a premium and thereby
make it merchandise merely. 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 bimetaiists; that Mr.. Bryan
in his recent cutlery from his temporarily
political embarrassment, addresses not
the democrats nor the people but the BIZ
metallists." -. g.. ,.....
This, however, is sheer affectation.
No Bryan orator or writer has seriously
denied that the adoption of his policy
the immediate unlimited free coinage of
silver-by the United States alone would
send gold to a premium and keep it there
for an indefinite period Surely that
would be silver manometallism and can
it be contended that silver monometal-
lism is any better stepping stone to BIZ
metallism than gold recommendation?
had supposed that it was generally
agreed by thoughtful and rational BIZ
metallists everywhere that it would not
help, but rather hinder the cause of BIZ
metallism for the United States to leap
at once to free silver coinage. Now,
then, can the late decision of the United
States against immediate free coinage in
jure 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 Mckinley
has been useful
conservative people-and America
has more conservative people than ELL
ropeans think-were alarmed at the char
acter of the followers of Mr.. Bryan and
their doctrins. 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 seem
redress of grievances, and it made one
of its planks a reconstruction of the SUI
preme court in order to obtain a legal
decision. A majority of the American
people wish more energetic foreign
policy than they believe. will come from
any administration named democratic
They are deeply affected by the lamenta-
bic condition of the Christians in the
Turkish empire They mean to annex
Hawaii; they desire to see Venezuela
allowed to maintain here sole dominion
were intensely anxious to see arrested
the atrocities in Cuba and to aid in max
ing the island free and Independent.
But none of the foregoing reasons
not even the one concerning the national
honor in connection with the currency
influenced so many voters against Mr.
Bryan as did the determination of the
American people to clearly vindicate and
firmly establish the principle of protec-
ton to American industries by adequate
tariff duties on foreign products.
THAT the United States is opposed to
he single gold standard and is. in favor
Of retracing in due course and with care
,ul regard to the national honor the steps
aiken in the demonstration of silver
Until both gold and silver shall be admit |
ed to free coinage at the ratio of 10 ID |
o l and made the standard money of the |
yorld-a proposition which would receive !
he suffrage of four-fifth of our voters. !
Such convictions, entertained by a |
'ast majority of American voters. com
nitted to bimctallism, the friends of such
monetary system may confidently APP |
zeal. The question is not one of four
IS long to remonctize silver as it has
aiken to realize the paralyzing influence
# demonetization. But the fact that /
100000 of the 100000 voters have
.ven their ballots for the wild project
f immediate free silver coinage by the
Inited States alone shows that the qups-
ion il one which must be compromised
nd adjusted in some way. The advo-
ates of gold monometallism are crying
ut that the silver question is dead.
hey hope but do net really believe that
his is true. Never was it more import
mt for bmeta,lists TO exert themselves
MIR. Mckinley is pledged by his own
'ords to cooperate with us.
"W. L. CHANDLER.
Concord. y. H., Nov. Is, 1896"