The daily morning journal and courier., 1897-12-20
A LETTER FROM CHANDLER
ASs0CIATES' DEMAND FOR IMPOS- SIBLE CURRENCY LEGISLATION.


 The New Hampshire Senator Wants it to Cease--He Says if Gage Presses Bill to Commit Country More Thoroughly to Gold Standard There Will be a Turmoil in Congress.
 Washington, Dec. 19.-Senator Chand- Ter of New Hampshire has written letter to the Washington Post, In which he says: 'If the secretary of the treas- ury and his single gold standard as- sociates will cease their demand for inn possible currency legislation, congress bills. probably take care of Hawaii and Cuba, there will not be a serious party division during the session and there will be an adjournment in May. Busi- ness will revive and the treasury re- ceipts will exceed the expenditures. On the other hand, if Secretary Gage con- tinues to press on congress bill the object of which he says is first to com init the country more thoroughly to the gold standard and the immediate effect of which is to throw doubts upon the sincerity of the presidents declaration in favor of continued efforts to secure bimetallism, turmoil will arise in con- gress which will split the republicans into fragments.
 of ic fpo cih1n to potira Inc backs; there is more probability that bill will be sent to the president to in- crease the amount. It is not possible to secure the passage through either house of a bill making the greenbacks into gold notes or authorizing bonds payable in gold. The effort to do either thing will probably result in the passage of a bill for the redemption of the green backs in silver dollars and for the pay ment of all United States bonds in gold or silver coin in the discretion of the president who will be commanded to eX- ercise his option for the advantage of the government and not for the advan- tage of the creditor.
 With such an uproar in congress as these proceedings will create with west ern congressman, embroiled, therein, with presidential vetoes as threatened by Secretary Gage under angry discus sion it will happen that all business en- terprises and funds and stocks will be disturbed and prices will fall, insolven- cies will increase and the representa- tives lose the congressional elections in 1898 as disastrously as they did in 1890 and beyond the hope of a favorable re- action in 1900, at which time therefore Bryan democratic president and con- gress will be chosen.
 Whether we are to have one of these results-political safety--or the other political destruction-depends entirely upon the course to be pursued by Secre- tary Gage and those who are pressing him forward, namely, the gold standard league of New York and the safe consti- tuted national monetary conference. How much Secretary Gage cares for the republican party is not known. Wheth- CT President Mckinley, whose good faith towards bimetallism are coming to the test, will stop his secretary in his insane career, is not known. It is to be hoped he will. But no political situation has been clearer than the present to sound eyes since the republi- can party began it's marvellous career forty-two years ago. There are times for all things. There is time to move and a time to keep still and now is the time to so keep.
 Tt is simply political suicide for the republican party in this congress to af- f1rlnatively open the discussion of the money question and to bring on yea and nay vote upon the currency legisla- ton. We ought to await the progress of international bimetallism, the advent of business properity and the filling of the treasury by the normal workings soon to be seen of the new tariff law. Shall we wait for these things or rush on to destruction? President Mckinley must decide Will he act for his people or his plutocrats? Upon his answer will depend the events of 1S9S.'