The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1897-12-22
VIEWS OF CHANDLER.
New Hampshire Statesman Says
Cages Programme Must
Be Shelved.
OR THERE'LL BE OLD NICK TO PAY.

Present Congress Much More Likely to Is-
sue More Greenbacxs Than To Retire
What There Is, and To Order the Pay
menu of Bonds iu 'silver Gold" and
Command the President To Prefer Silver,
He says A Prediction.
Washington, Dec Ex-senator Chan
dler has written a letter TO the Wash
ington Post in which he says: IF the
secretary Of the treasury and his single
gold standard associates will cease their
demand for impossible currency legis-
appropriation bills, probably take care
OF Hawaii and Cuba, there will not be
a serious party division during the ses-
sion. and there will be an adjournment
in May. Business will revive, the treas
ury receipts will equal the expenditures
the balance Of trade viii continue in our
favor, and the Republican party will be
November 1898, elect a majority of the
house in the Fifty-fifth congress.
Otherwise There VIII BE Trouble.
ION the other hand. If Secretary Gage
continues to press upon congress a bill
the object of which he says is first to
commit the country more thoroughly to
the gold standard, and the immediate
effect of which is to throw doubts upon
the sincerity OF the presidents declara-
lions in favor OF continued efforts to Sc
cure bimetallism. a political turmoil will
arise in congress which will split the
now united Republicans into fragments,
while ii will unite and consolidate the
now incongruous opposition.
More Instead Of No Greenbacks.
1T is not feasible to retire the green
backs; there is more probability that a
bill will be sent to the president to in
crease their amount 1t is ont posi-
BILE TO secure the passage through either
house Of bill making the greenbacks
into gold notes or authorizing bonds
payable in gold. The effect to do either
thing will probably result in the pas
sage of bill for the redemption Of the
greenbacks in silver dollars. and for the
payment of all United States bonds in
gold or silver coin. in the discretion of
the president, who will be commanded to
exercise his option for the advantage Of
the government and not for the adyan-
tage Of creditors.
Makes Some Dire Predictions.
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 discussion,
IL will happen that all business enter
prises and funds and stocks will be dis
turbed. prices will fall. insolvencies will
increase, and the Republicans will lose
the congressional elections in 1898 as
disastrously as they did in 1890, and be-
yond the hope Of a favorable reaction
in 1900 at which time, therefore, Bry-
an Democratic president and congress
will be chosen.
Says Ii Is Time to Keep still.
Whether we are to have one OF these
results-political safety, or the other
political ACKNOWLEDGEMENTS entirely
upon the course to be pursued by Secre-
tary Gage and those who are pressing
him forward, namely. the Gold Stand
ard League of New York and the self
constituted National Monetary Confer
ence. Row much Secretary Gage cares
for the Republican party is not known.
Whether President Mckinley, whose
good faith toward bimetallism is com
ing TO the test, will stop his secretary
In his insane career is not known. 1t is
to be hoped he will But no political sit
uation has been clearer than the pres
ent TO sound eyes since the Republican
party began its marvellous career forty
two years ago. There are times for all
things There is a time to move and
time to keep still, and now is the time
to so keep"