Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1900-02-22
SINGLE COPY FIVE CENTS
NUMBER 20

Then Senator Frye, who was presid-
ing, walked up and asked Allen to per-
nit the vote adopting the resolution to
be reconsidered, which was done, by
reason of that soporific senatorial eour-
tesy which is the wonder Of all who
have not fallen under its poppylike In
fuenee.
1t must have taken away the breath
of such owlish statesmen as Aldrich,
Proctor ct i'd omne genus when Sena-
tor william E. Chandler fatty an
nounced in a carefully prepared speech
In the senate the other day that he
would not support the financial bill and
then delivered himself Of the following
pregnant sentences:
'sThose who have absorbed the gold
of the world are trying to make it more
valuable by legislation. That Is the
natural meaning of the first ten lines
of the senate bill. There is no need OF
the law for any other object. Abso-
lutely no other purpose Is to be sub
served by those lines. The passage Of
the bill without adequate recognition
American people that silver shall be
remonetized is a defiance Of the Re
publican platform Of 1896, and without
such recognition In the bill cannot
give to it my vote. 1t would be un-
qualified gold monometallism, and to
advocate or submit to this is an aban-
donment of Republican principles
S7a% Fl 60.
make gold more valuable does not suit
the gold class. Further steps are.
therefore. now demanded = namely,
that all the existing silver coin shall be
put out from the condition Of real mon
ey and placed in the condition Of credit
money-that is. money all of which
must be redeemed on demand in gold.
If this new principle is to prevail. the
real money will be $4,000 100000 gold
and the credit money. including the sill
yer money. viii be $10O00.0 100000. and
upon this gold and credit money are to
be built all the checks and other cred
its in trade throughout the world. How
broad the summit and how narrow the
basel
Republicans Pledged to BimetaIIism.
"The Republican party is pledged to
bimetallism. Were we blunderers
when we shouted over and over again
for reconciliation? Is it not quite
possible that we were right then and
are now wrong when it is proposed to
forever discard demonstration? The
senator from Rhode Island says that it
is not intended to reject the idea Of In
ternational bimetallism. Why, then.
not place an unequiyocal pledge In this
bill? The declaration in favor Of gold
is unwise both in a business and polit-
ical sense. There is no need OF this
law. In 1878 the mints Of the United
States were closed to the coinage Of
silver, and no power on earth can open
them to further coinage except the
president and the two houses Of con-
gress.
therefore let US reiterate the law of
1893 and not enact gold monometal-
lism in violation of the pledges of the
Republican party Let the convention
to be held in June next decide that
question. This bill as reported to the
senate had no mention of bimetallism.
After 46 days the committee reports a
provision stating that the act is not In
tended to place obstacles in the way Of
international bimetallism. This con-
cession is gratifying, but not sufficient
It does not even contain the six saving
words of the platform Of 1S96-'which
we pledge ourselves to promote A
strong declaration might be satisfacto-
ry. but it would be better to strike out
the first ten lines of the bill"
The Republican leaders must do
something with Chandler-really they
must The very llghtest punishment
adequate to such rank treason is death
1pon the gallows tree.