The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-20

Washington, Dec. Ex-senator Chand-
Ter Of New Hampshire has written a
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 cur
rency legislation, congress Will pass the
necessary appropriation bills: probably
take care of Hawaii and Cuba; there
will not be a serious party division dur
ing the session, and there will be an
adjournment in May. Business will
revive, the balance of trade will con-
tinue in our favor and the Republican
party VIII, in November, 1898, elect a
majority Of the house in the Fifty-fifth
congress.
"On the other hand, if Secretary
Gage continues TO press upon congress
q bill. the object of which, he says, is
first to commit the country more thor
oughly to the gold standard. and the
immediate result of which is to throw
doubts upon the sincerity of the presi-
dents declarations in favor of c0ntin-
ueG efforts TO secure bimetallism, a po-
Itical turmoil viii arise in congress
which viii split the now united Repub-
Hcan party into fragments, while it VIII
unite and consolidate the now incon-
gTuOuS oppOSal.
GREENBACKs.
TT is not feasible TO retire the green
backs; there is more probability that q
bill viii DE sent to the president to in
crease their amount. It is not possible
to secure the passage through either
house Of q bill making the greenbacks
into gold notes or authorizing bonds
payable in gold. The effort to effect
either thing viii probably result in the
passage of a bill for the redemption of
the greenbacks in silver dollars. and
for the payment Of all United States
bonds in gold or silver coin, in the dis
erection of the president, who VIII be
commanded to exercise his option for
the advantage Of the government, and
not for the advantage of the creditors.
PRICES WILL FALL.
with such an uproar in congress as
these proceedings viii create, with GER
tain congressman embroiIed therein.
with presidential vetoes as threatened
by Secretary Gage, under angry dis
cussion, it viii happen that all business
enterprises and funds and stocks will
be disturbed, prices viii fal insolYea-
cies VIII increase and the Republicans
viii lose the congressional elections IN
1898 as disastrously Is they did in 1890
and beyond the hope of a favorable r.
action in 1900. at which time. therefore
a Bryan Democratic president and con
gress viii be chosen.
ONE OF TWO THINGS.
whether we are to have one of these
results-political safety-0r the other
political destruction-depends entirely
upon the course to be pursued by Sec
rotary Gage, and those who are press
ing him forward, namely, the gold
standard league of New York and the
Self-cOnSituted monetary conference
How much Secretary Gage cares ror
the Republican party is not known
Whether President Mckinley. whose
promises of good faith towards bimetal-
lism are coming to a test, will stop his
secretary, is not known. 1t is to be
hoped he will. But no political situa-
ton has been clearer than the present
one is. to sound eyes, since the Repub-
lican party began its marvellous career
~ years ago. There is a time for al
things. There is time to move and
g time to keep still, and now is the time
to so keep.
ABSURD COURSE.
1T is simply absurd for the Republi.
can party in this congress to affirm.
atively open the discussion and the
bringing of yea and nay votes on cur
rency legislation. We ought to await
the progress Of international bimetal.
ism. the advent of business prosper.
ity, and the filing Of the treasury by
the normal workings, soon to be seen
oil the new tariff law Shall we wal
for these things or rush on to self-de.
struction? President Mckinley must
decide. Will he act for his people Of
for his plutocrats? Upon his answer
Will depend the events of 1898.
(Signed).
WILLIAM E. CHANDLER.
December. 1897