Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-21
suyATop CHANDELIERS LETTER

senator chandler, Of New Hampshire
- ,a,,er 20 the washington
o., On which he opposes Legislation W
- resent Congress in the matter VI
currency reform. Mr.. Chandler
position that the Gage scheme OIL
IA ,mpracticable. He quotes MT 'ases
ou,, language TO show that the oo)ee'
90 tho secretary's bill Is to commit 'he
oor,+rv moro thoroughly 10 the sinsie
xo,d standard. and after arguing tha'
| the immediate effect OF agltating the seD-
retary's recommendations wouiu
throw doubt upon the sincerity OF '"'
Presidents declaration In favor Oh Gun
,iruous efforts TO secure bimetaiism' pio-
ooeds IN enumerate many other results
.,,so s,rous, 70 the Republican party,
.,h,ch he thinks will follow any attempts
a, currency legislation. In Senator
Chambers opinion. " Congress taxes up
the subject political turmoil VIII uiiSe'
angry discussion will be precipi'a'eo'
business enterprises, funds, and STOCKS
will be disturbed, and the Republcans
u,in lose the congressional elections IN
,sos 90 thew did in 1890. This loss, Sena-
tor Chandler predicts. would De peyonu
| the hope of reaction in lWo, at ""'en
time. he continues, a Bryan Derhocia''
President and Congress would be eiec'e"'
Senator Chandler then charges mat MI
Gage Is being pressed forward by 'he
"Co,d-standard League of New forK'
and the self constituted National NONE
tary Conferences; expresses the nope 'hat
Mr. Mckinley will stop his Secretary i'll
"b,s insane career" and declares 'hat
the Republicans ought to await inc
nroyress of international bimetallism' the
advent OF business prosperity, ana the
filling of the Treasury by the norman
workings soon to be seen OF the new taiii'
law"
Mr.. Chandler's letter contains many vio-
lent assumptions. One OF these is tha'
the public ever had any confidence III
President McKinley's declarations IN la
vor of continued efforts to secure pi-
metauism. The bimetallism subterfuge
as worked by Mr.. Mckinley ana MS ao-
visers. both through the informal repre-
sentative that was sent to Europe anu
the commission, was too thin 10 oeceiV'
any thoughtful man on either side Oh '"'
ocean. Mr.. McKinley's declarations pas
and more recent, have no more con
.,istency in the eyes of the people ina
had this dodge Another violent assump
tion ,s that the Dingley tariff law VII
ever fill the Treasury. Still another
that the business of the country expect
the existing Congress to do anything VIII
tho currency question. Fortunately, IN
business of the country expects NOTHING
Of the kind, and has largely discounte'
: the Juggling with the matter that VII
probably take place.
II will not do to encourage the mop
that agitation of the currency prooief
nv Congress will be entirely unaccoh
, named by unsettlement Of values an
: business disturbances. The speculativ
, element may be trusted to see that n
such desirable condition prevails. Bt
| by long odds there Will be no such w
, moralization as Senator ION
=, gees. or processes TO foresee. Senate
Chandler has been communing rather VIII
his political Tears IMAM WIN
ledge Of the business situation. HoweVe
business can well AFFORD to take the riSf
: of all disturbance the futile agitauo
| may involve, if the agitation shall event.
= ate in the realization Of Senator Chan'
Il ler's browning fear-the sweeping OF u
Republicans out of power in 1900 and u
d election OF a Democratic President ar
- To- tho reason tnat v
o shall never have genuine currency T
Q form. guarantee against business Oil
: turbance. and permanent business pr
If gress and prosperity until hat consur
g nation shall have been attained.