The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-20
CHANDLER FoRESEES CHAOS.
WARNS HIS PARTY NOT TO MONKEY
WITH MONETARY BUZZ-sAW.

Declares the Republicans should
Leave Currency Reform Alone For
Political ReRsOns-Pnss the ApprO-
priation Bills, Act on Cuba and
Hawaii ana Adjourn in May His
Advice 10 the Republicans i'm Con-
grcss-The Tariff Counted ON to-
Bring business Prosperity and
Take Care OF the Treasury.
Washington, Dec. Ex-senator Chandler
of New Hampshire has written letter
TO the Washington Post, in which he says:
IF the Secretary of the Treasury and his
single gold standard associates will cease
their demand for impossible currency Leg
islation congress will pass the necessary
appropriation bills, probably take care Of
Hawaii and Cuba, there will not be seri-
Gus party division during the session, and
there will be an adjournment in May
Business will revive, the treasury receipts
viii equal the expenditures, the balanee
of trade will continue in our favor, and
the republican party will, in November,
1893, elect a majority in the Fifty-hftn
congress.
"On the other hand IL Secretary Gage
continues to press on congress the object
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 Presi-
dents declaration in favor of continued ef-
forts to secure bmetalism, a political tur-
moil will arise In congress which win split
the now united republicans into Fragments
while 1t viii unite and consolidate the now
incongruous opposition.
at is not feasible to retire the green
backs: there Is more probability that %
bill will be sent TO the President to m
crease the amount. II Is not possible TO
secure the passage through either House
of a bill making greenbacks into gold
notes, or using bonds payable in gold. Tho
effort TO 90 either thing will probably re-
suit in the passage of bill for the re-
demption of greenbacks In silver dolafS
and for the payment Of all United States
bonds in gold or silver coin in the dSscre-
ton Of the President, who will be COM
manded to exercise his option for the adj
vantage of the government and not for
the advantage OF the creditor,
"With such an uprOar in congress as
these proceedings viii make certain. with
western congressman embroiled therein,
with presidential veto as threatened by
Secretary Gage under angry discussion, 1t
will happen that all business enterprises
and funds ana stocks win be disturbed,
prices will fan, insolvencles will increase
and the republicans will lose the congress
sional elections in 1898 as disastrously as
they did In 1880, and beyond the hope of a
favorable reaction an 1900, at which time,
therefore, a Bryan democratic President
and congress will be chosen.
Whether we are to have one Of these re-
sults-political safety-or the other-politi-
aaT -Ganpn1g entirely the
course to be pursued by Secretary Gage,
and those who are pressing him forward,
namely the Gold Standard League of New
York and the self-eonsttuted national
monetary conference. How much Secretary
Gage cares for the republican party Is not
known. Whether President Mckinley,
whose good faith toward bi-metallism is
coming to the test, win stop his secre-
tary in his insane career, Is not
known 1t Is to be hoped he will But no
political situation has been clearer than
the present to sound eyes since the re-
publican party began its marvellous ca
reer AZ years ago. There are times for all
things. There Is a time to move and a
time to keep still. and now is the time to
so keep.
at Is simply political suicide for the re-
publican party in this congress to affirm
atiVely open the discussion of the money
question and TO bring on nay and yea
votes upon currency legislation. We ought
TO await the progress OF International BIZ
metallism, the advent of business pros
perity 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 self-destruc-
ton? President Mckinley must decide.
VIII he act for his people or for the p1u-
tocrats? Upon his answer win depend the
events of 1898. William e. Chandler.
Dec. 49,"