Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1897-12-23
Warned by Chandler.

washington I'OSt IN winch he BaYe:
IF the secretary Of the treasury
and his single gold standard asso-
cistes will cease their demand for
impossible currency Legislation, con-
gress will pass the necessary appro-
priation biIlp, probably take care OF
Hawaii and Cuba, there will not be a
serious party division during the SEES
sion and there will be an adjourn
ment in May. Business will revive,
the balance of trade will continue in
our favor, and the republican party
will, in November 1898, elect q ma.
jority OF the house in the Flity-ffth
congress
ION the other hand, il Secretary
Gage continues to press upon con-
gress a bill the oil j1ct of which he
says is, first, to commit the country
more thoroughly TO the gold stand
ard, and the immediate result of
which ls to throw doubts upon the
sincerity Of the Presidents declarl-
tions in favor OF continued efforts to
secure bimetallism, a political tur-
MOL will arise in congress which
will split the now united republican
party into fragments, while 1t will
unite and consolidate the now in.
congruous opposition.
1T is not feasible to retire the
greenbacks, there is more probability
that bill will be sent 10 the presi-
dent to increase their amount. It is
not possible TO secure the passage
through either house a bill making
the greenbscks into gold notes or au-
thorizing bonds payable in gold. The
effort to do either thing will prob.
ably result in the passage of bill
for their redemption of the green.
backs in silver dollars and for the
payment of all United States bonds
in gold or silver coin, 10 the discre.
ton OF the president, who will be
commanded to exercise his option for
the advantage of the government and
not for the advantage of the creditors
with such an uproar in congress
as these proceedings will create, with
certain congressman embroiled there.
in, with presidential vetoes, as threat
ed by Secretary Gage, under angry
discussion, 1t will happen that all
business enterprises and funds and
stocks will be distributed, prices will
fall, insolvencies will increase and
the republicans will lose the congress
sional elections in 1898 as disastrous.
ly as they did in 1890 and beyond
the hope Of a favorable reaction in
1900, at which time, therefore, a Bry-
an democratic president and congress
will be chosen.
"Whether we are to have one Of
these results-political ssfety--or the
other political destruction depends
entirely upon tine course to be pur-
sued by Secretary Gage and those
who are pressing him forward, nam.
ely the Gold Standard league of New
York and the self. constituted none
tary conference. How much Secre-
tary Gage cares for the republican
party is not known. Whether Presi-
dent Mckinley whose good falth to-
wards bimetallism is coming to teal.
will stop his secretary is not known
II is to be hoped he will But no DO
litical situation has been clearer than
the present one i', to sound eyes
since the republican party began it's
marvellous career forty-two years ago. |
There are times for all things There
is a time to move and q time to keep
still, and now is the time to 80 keep
ut is simply political suicide for
the republican party in this congress
to sfirmstively open the currency
question and then bring on yea and
nay votes on currency legislation
We ought to await the progress Of
international bimetsllism, the advent
Of business prosperity, and the filling
of the treasury by the normal work.
lngs, soon to be seen, OF the new
tariff law. Shall we wait for these
things or rush on to self-destructioni
President Mckinley must decide -
Will he act for bis people or for his
Dlutocratsi Upon big answer will
depend the events of 1923
"(Signed) VINE CHANDLHR
December, 1897"
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Among Our Exchanges.