The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-12-23
4 RIGHT ROYAL CALL DOWN
oH CHANDLER spp.s
PLAIN ENGLISH AsEyr c,cn,s
CURRENCY TINkERIyc.
PO|AIS OUT THE INCONSISTENCY
VI Cages Clamor for n Nor. nm
oush Gold Standard and Mckin-
e"s Timetable Efforts Abroad
disastrous to Republicans.

Washington, Dec. 19-sarotor Ch,n,
Ter OF New Hampshire has written lat.
Ter to the Washington Post, in which be
says: A'
III the secretary of the treasury and
us single gold standard associates will
rease their demand for impossible cur
reney legislation, congress will pass the
4ne'cessary appropriation bills, probably
saae cure OF Hawaii and Cuba, there will
not ne serious party division during The
Session, ana there will be an adjourn
nent IN May. Business will revive. the
Treasury Treasury receipts will equal the expen-
futures, the balance of trade will con-
uinae IN our favor and the republican
parry VIII, IN November, 1898, elect a
naay OF the house in the Fifty-fifth
ttonsress. on the other hand, if Secre-
aary gage continues to press upon con-
~ Hrst. TO commit the country more
thoroughly to the gold standard, and
the immediate effect which is throwing
DOUBTS upon the sincerity of the presi.
dents declarations in favor of continued
eHOrts TO secure bimetallism, political
turmoil viii arise in congress which will
spilt the now united republicans into
fragments, while it will unite and con.
!. Soldate the new incongruous oppos-
'Yk1. 1t is not feasible to retire green
there is more probability that a
l0lll will be sent to the president to in
crease their amount. 1t is not possible
to secure the passage through either
house of a bill making the grcenbacks
INTO god notes, or authorizing bonds pay
able in gold. The effort to do either
thing will probably result in the passage
OF bill for the redemption of all United
States bonds in gold or silver coin in
TIE discretion of the president, wig will
be commanded to exercise his optil n for
the advantage of the creditor.
with such an uproar in congress as
these proceedings will insure, with west.
err congressman embroi.ed therein, with
presidential veto as threatened by Sec.
rotary Gage under angry discussion
it 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 tn,
congressional elections in 1898 as dis
astrOusly as they did in 1895, and be
yond the hope of favorable reaction il
1900, at which time, therefore, Bryan
democratic president and congress will
be chosen.
"Whether we are to have one of tn
results safety, or the other, destruc
ton, depends entirely upon the cours
to be pursued by Secretary Gage an,
those who are pressing him onward
namely, the Gold Standard League o
New York and the self-constituted ma
tional monetary conference. How niue
Secretary Gage cares for the rcpublica
party is not known. Whether Presiden
Mckinley, whose good faith toward b
meta,lism is coming to the test. wi
stop his secretary in his insane career
is not known. 1t is to be hoped he will
But no political situation has bee
Gearer than the present to sound eye
Since the republican party began its ma
velous career forty-two years ago. Their
|are times for all things. There is tim
to move and time to keep still, an
now is the time to so keep.
at is simply political suicide for tn
republican party in this congress to al
firmatively open the discussion of tn
money question and to bring on ma
and yea votes upon currency legislation
We ought to await the progress of in
ternational bimetallism, the advent o
business prosperity and the filling of tn
treasury by the normal workings 500