The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1897-02-19
CHAMBERS SPEECH.
The New Hampshire Senator Adj
voeetes BimetaUism
THE BANKRUPTCY BILL TAKEN UP.
The House Passes Thirty-Nine Pension Bills
"A Veto sustained-senateI Interstate
Commerce Committee Amends
the Brokerage Bill.

" AoAANUANEts ECD, -ts--JSudLOL N0du-
dler's speech in the senate yesterday in
advocacy Of bimetallism was one of
the notable efforts Of the present ses-
sion, not only for the scholarly care
with which the senator presented the
question from his standpoint. but for
the bitter sarcasm addressed to Senator
Palmer and the indianapolis conven-
ton, the arraignment Of silver repub-
j lieans who bolted the st. Louis con-
vention, and for the dramatic personal
exchange between Mr.. Chandler and
Mr.. Pettigrew, the latter being one of
the boilers from the st. Louis conven.
ton. Mr.. Chandeliers speech lasted
three hours aud was replete with in.
cident 1t was an argument against
single standard of either metal, GOLD
and silver, and warning against a
policy of monometallism. Then the
senator turned to political phases Of
the question, speaking in turn of
Bryan, of Palmer and OF McKin-
ley. Mr.. Palmer sat across the
aisle and was frequently addressed by
the speaker as one who had contribut-
ed to the election of Mckinley. The
controversy between Mr.. Chandler and
Mr.. Pettigrew was one of the hottest
personal episodes the senate has had in
some time, the South Dakota senator
declaring Mr.. Chandeliers statement
relative to the violation OF pledges at
St Louis were wholly and absolutely
false. Nh. Chandler did not modify
his statement, but mutual explanations
restored cordial relations. The per-
Grafton Of Mr.. Chandler was an appeal
TO the incoming president and his ad-
visers to heed the needs of the people,
particularly on the money question,
and warning Of speedy political dis
aster certain to follow delay.
The early part of the speech was a
presentation Of the principle of finance,
the senator arguing against a single
standard Of either metal, silver or gold.
lie traced the gradual decentralization
OF silver, the closing of the minis
against the silver dollar in 1873. to the
efforts to restore silver and the serious
blow struck by England against silver
in closing the India minis. But it re-
manned tor Secretary Carlisle, the SEN
ator declared, to strike the most. fatal
blow at silver in issuing his order that
the government would redeem its pa
per obligations in gold only. BY that
act Secretary Carlisle struck out of use
a vast amount of silver and drew on
the depleted worlds supply of gold
and gave the final blow to silver
From the effects Of this low depth to
which it has been reduced by the de-
mOnetization OF silver, bimetallism
must now begin its toilsome struggle
upward.
Mr.. Chandler took up the fall of
prices, particularly in farm products,
resulting from silver decentralization.
lie declared that within the last 90
years there had been steady fall of
prices of all classes of property. His
own convictions, that silver demone-
ti2ation was at the bottom of this
downward movement in prices, caused
him to seriously doubt whether the
era OF prosperity was near at hand. He
was led to the conclusion, he said, that
prices had not yet touched bottom"
The executive session was brief and
the open session was resumed at 4:15 D.
m. The bankruptcy bill was taken up
and Mr.. Hoar spoke in favor of the bill.
He said the pending bill sought to af-
ford help to the SOC, 600 bankrupts of
the country, as well as protection to
the creditor class. The state insolvency
laws were msnlfestly inadequate, as
only IS states had laws embracing vol
untary and involuntary insolvency. He
explained that the pending measure
provided voluntary as well as involun-
tary bankruptcy. Involuntary pro-
ceedings could be sustained on a show
ing of actual insolvency. Referring to
the old bankruptcy law, Mr.. Hoar said
it had been brought into disfavor by
the scandals attending its administra-
ton, particularly in the south. In
Louisiana, five judges had been driven
to resign for fear of impeachment.
The present bill carefully guarded
against possible evils of extortionate
fees and administrative abuse.
THE HOUSE,