Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1897-09-02
u PAPER Of the City OF Aberdeen.
HANDLER ON SILVER.

s..ior Chandler, who has been so
IGNORED by the Republican party,
Syen out to the press the following
a.ulcation on the silver question.
Z . remarkable fol its calm, dispas-
...,, and level headed treatment OF
I question, and is snch IA conclusive
.shtion Of certain hasty assumptions
..scIed with it, that we give it in full
Aas columns. Mr. Chandler says:
ay,ny are asking me what effect l
~ the continued fall in silver will
Ne upon the prospects of bmetallism;
~ restoration OF silver free coinage by
ilsuaional agreement or otherwise. l
NV 10 them that l think the progress
IN depreciation Of silver ought to expe-
/ lite bimetallism, as means of prevent
IN the full realization of the injuries
tlth mankind must suffer ii all the
snmorcial nations OF the world are to
..sjuue to move toward and are to fully
niinally reach and permanently adopt
N nonometallism.
AOne Of the most important facts |
he learned IN connection with the
hdyoi this question is that the progress
4 reat economic measures is very slow,
I'D that the effect OF the decentralization
dilvef BY the nations which began in
lsa vas only partially felt during the
tssty years prior to 1898, in which
~ the Indian mints were first closed
hiIyef; and that such effect has by no
nsins been fully realized at the end of
II hur years since 1898. This slow
popasation Of the result of economic
hicks il clearly depicted by Prof. Fran
tis A. Walker, in his works on bimetal-
lsm, and is amplitied by me in my re-
marks in the senate on February IS,
1891, copy Of which 1 will send to any
'efsOn on request.
This point is most important, il
VI vital one. Ii the complete results
| dscarding silver, which lowers prices
I'd thereby hinders trade, have been al
'ady reached and no future injury from
nm Meditation is to be apphrended, pos.
by the world may be held 10 the single
Nd Standard. But if the tendency OF
. last twcnty-four years to fall in
ices, caused, as alleged, by stopping
. coinage of silver, is much longer to
ntinue to prevail, the nations OF the
Md cannot be held to gold monomet-
ism. The renewed coinage OF silver
i be irresistibly decreed by uncontrol-
Ne popular movements. The temper.
conditions OF today or tomorrow will
settle question SO broad and uni
sol as the issue between the new gold
and the old bimetallism.
Under the present conditions it is not
ange that silver continues to fall in
e. There is no longer any demand
the metal to coin into money; so
Fy year 1920, 100000 worth Cat the
OF l5ls to y must find its way into
in the arts; and in addition the price
threatened by $4,000 900 worth OF
er, now constituting the worlds
led silver, but which is likely to be
'ipitated upon the market as com
lily, not needed for money, if 1t is
money because it must be re-
ned at all times and places in gold.
er money will be as good and even
er than silver. if the latter is not to
as complete money as is gold. If
Q is to be no retrograde movement
lrd reconciliation, silver will fall
it commands only its price as
modify to use in the arts. Where
lowest price will be no one knows
no man can ascertain, And here is
.rgument against bimetallism. The
cpal value of gold and silver is de-
from their use by the nations as
ey; and the principal argument in
r of the reconciliation Of silver is
we'd from the continuous fall in the