Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1899-07-20
THURSDAY, JULY 20, 1899.
THE COINAGE ISSUE.

While the Little Republican press is
holding high jinks over the corpse OF the
silver issue, the moneytrust is girding up
its loins for the battle OF its life in 1900,
with that same cadaver. This trust OF
trusts is in undisputed control OF the re-
publican organization in every state in
the union, and, to be doubly safe, is now
devoting its energies to the capture OF the
democratic organization. 1t cares not
who is president 80 he is "sound" on the
money question, and to secure itself is
quite as willing to aid Croker as Hanna
in bossing the voters. 1t believes that
the adoption Of the Chicago platform in
1896 was only achieved through its over
confidence in the assurance Of Grover
Cleveland and his satellites, and does not
propose to take any chances next year.
When surfeited with joyous assurances
Of the death and burial Of the silver ques.
ton, it is refreshing to find republican
statesman who declines to jump at the
crack of the whip Of the money trust and
who places country above party in con-
sidering matters Of import to the whole
people. Senator Chandler, in recent in
terview in the Washington Post, gave
some reasons in opposition to the single
gold standard that are rep, oduced here
for the consideration Of honest republi-
cans, who, misled by hireling press, ARE
inclined to believe that the country will
actually be benefited by an appreciating
medium controlled by the legitimate de-
scendants Of the pirates that held up the
nation during its struggle for existence
in 1876. Mr.. Chandler said:
II am decidedly against changing the
existing money plank in the platform Of
the party adopted in 1895; from tue advoe
cacy OF bimetallism to permanent acqui-
essence in the single gold standard, dis
carding and disappearing all further
efforts to restore the double standard. If
the single gold standard men demand and
secure that change in the platform, a
dangerous mistake will be made. I would
never vote in the senate to cease efforts
to re-establish silver as we'll as gold as
standard money.
at is true that the enormous balance
Of foreign trade in favor Of this country
say, two thousand four hundred millions
in ten years-has partially saved us from
the injurious effects Of discarding silver
as part of the standard OF value. But
wise men will consider where We should
have been If there had been no such bal.
ance of trade in our favor. From the two
thousand four hundred millions We have
not received over three hundred millions
in gold. If the trade had been even the
enormous sums We would have had ia
borrow abroad or the gold we would have
been compelled to send abroad would
have placed burdens upon us which would
have seriously impaired our prosperity
and under such conditions in every case
of panic the damage done is wider, more
prolonged and more destructive.
periodically there will be panics ane
stringencies in the money market, ant
a mad rush for the only real money
metallic money. Bimetallists believe
that to meet such events there should bt
the widest possible basis for the paper
money and the paper credits of The
world, and that the gold Of the world
not a sufficient basis. 1t may be tina
some time a substitute for a metallic
measure of value will be discovered. Blu
until that time, so long as occasionall,
all paper money and credits are to b.
brought to the crucial test Of redemption
in real money, that real money shout,
be all the silver as we'll as all the gold.
"The temporary increase in the golt
product has not been enough to offse
the effect Of discarding as real money tel
thousand millions of silver coin and bull
lion. The bimetallist views Of mysel
and other Republicans cannot be statet
briefly and offhand, but we believe tina
because the times are now prosperous
money easy, gold plenty, and the Repub
lican party strong it will be The highes
wisdom to seize the favorable momen
for remonetizing silver; doing it, i
France is willing, with change Of ratio