The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-04-15
Safety For the Republicans Lies
i'm BimetalIiSm.
Must Adhere to That Platform
Says w. E. Chandler.
AND OPPOSE TRUSTS.
The Senator Shows the Danger
to the Party
Or Fighting an international
Silver Agreement.

Washington, D. C., April 15.-"Ameri-
cans will wisely wait for the full text of
the statement made by Lord Aldenham
to the British committee on the India
currency question before reaching a con-
clusion concerning a letter of Secretary
Hay, which is quoted by Lord Aldenham
with the remark that the secretary wait
ed until after the elections of last No
vember, and then wrote the letter" said
w. E. Chandler to a correspondent last
evening.
Mr. Hay did not write any letter after
election which he would not have written
as readily before election, and he cannot
be seriously blamed for saying to Lord
Alderman that our government would pre-
fer not to be first TO ask for continuance
were suspended by the action of the Brit
ish government in refusing. upon the ad-
reopen the minis of India to the coinage
FRANCE UNWILLING.
Even II the British government at the
time of the suspension Of the negotiations
ternational free coinage of silver at
then not WiiiHg to o entertain the idea of
any ratio except 151a to l. Whether France
in difference to the wishes of the English
bimetallists is most important question.
Engand or the 80 Unted sta feR ought Sgia at
faTy H r. ette me to gspd
written to a single individual only. The
b ia T494d i9 9f fEd TgSpGnd faTor
tinue the negotiations with a view to the
discussion of a changed ratio. 1t is not
impossible that such an invitation may be
be wise for the United States to take the
Initiative notwithStanding Secretary Hay.
naturally disinclined to do so.
49,, IT is easy to say that the silver ,ques-
d9e9n OF e. goSH L is very mqeh alive
the newspapers of today. But possibly
the silver. issue and Mr.. Bryan are both
dead politically. Yet this is not SO sure,
NOT GOLD ENOUGH.
TT must be remembered" continued the
senator, that one important claim of the
bimetallists is that all the gold in the
is not sufficient in times of panic. When When
a great crisis comes and confidence dis
paper money are pushed forward for re
mad rush for metaiic money a bimetailists
disastrous. and longer in duration il only
half the old metallic money of the world is
available for the redemption of the paper
credits Of the world. 1t may take a
monometallists of this truth, and of the
broader metallic basis than the gold for
the paper money of the world It may
stitute for both gold and silver can be
money of the world, but as long as such
money must be of metal, bimetaliists be- |
existence as safe basis for the money
and credits used in the worlds business
1ulleu states mas Deen saved from
excess of exports over impOrts-more than |
two billions of dollars in the last ten |
years. let those two billions have return |
lions of foreign gold. Where should we |
have been if the balance of trade during |
the ten years had been the other way? /
Where shall we be whenever the balance !
turns the other way? Where. shall we be /
If there is great panic in 1900: or, say |
in 1SO1-as the banks are reasonably sure |
not to let it come before the next presi- !
Dental and congressional election. Even |
the small panic of last week ought to !
open the eyes of some of the gold mono |
metallists.
ADVICE. TO REPUBLICANS.
Ihe Republican party should not aban- |
become a gold standard party, which is to !
be hostile to bimetalliSn, even if it can be |
obtained through international action. The |
party should keep its existing and still /
binding platform of 1896; should continue
to look out for an international agree
ment and should welcome the opportunity
to remonetize silver as standard money a !
a changed ratio if it cannot otherwise be |
done. and if France will consent
IF the Republican party does not so
keep the faith; the opposition party will !
camp on our abandoned ground: will omit
its foolish declara tfOnS against interDa-
tional aid in establishing bimetallism and
will announce its willingness to consider
the question of a changed ratio. Is any
Republican so foolish as to assert that on
issues concerning the money question so
made up the Republican party will not be
in imminent danger of defeat? Safety
lies in adhering to the existing platform
pressing all trusts and monopolies which
destroy individual enterprise and crush
down the many in order to unduly aggran-
die the few
Relief in Six Hours.