Arizona silver belt., 1900-02-22
SILVER'S FRIENDS
Chandler, Chiffon and Money Oppose Obnoxious
 Provisions.
RESULTS OF MONoMETALLIsM
Republican Party Violating Its Pledge to Remoneti tize Silver Too Much Power to the Secretary
 of the Treasury.

In the united states senate on til
 10th instant, during the financial de
 bate, Senator Chandler, of Ney
 Hampshire, vigorously opposed tn,
 gold standard and strongly favored th'
 double standard. Mr. Chiffon, O
 Texas, and Mr. Money, of Mississippi
 also spoke.
 Seneral Chandler said in part:
 Those who have absorbed the golC
 of the world are trying to make il
 more valuable by legislation. That is
 the natural meaning of the first ten
 lines of the senate bill There is nc
 need of the law for any other object.
 Absolutely no other purpose is to be
 subserved by those lines. The passage
 of the bill without adequate recogni-
 ton of the desire and determination
 of the American people that silver shall be remonetized is in defiance of
 the republican platform of 1896, and
 without such recognition in the bill l cannot give to 1t my vote. It would be unqualified gold monometallism, and to advocate or submit to this is abandonment of Republican princi- pies.
 Any retarding of the movement to make gold more valuable does not suit the gold classes Further steps are, therefore, now demanded, namely, that all the existing silver coin shall be put out of the condition of real money 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 four billions of gold and the credit money, including the silver money, will be ten billions. And upon this gold and credit money are to be built the checks and other credits in trade throughout the world. How broad the summit and how narrow the base?
 ,''Is it true that, because it is claimed We have now what are called good times and prosperity in America, bi- metalliSm should be ridicule and dis regarded. But our good times are simply because the balance of trade has been so largely in our favor. What would have been our condition il the balance of trade had not been in our favor?
 "In truth, in spite of temporary present conditions, the case in favor of bimetallism still remains unim- paired. The meIitS of i netallism are plain. The injury to result from gold mOnometallism is sure.
 "The republican party IS pledged to bimetalliSm. Were we blunderers | when we shouted over and over again | for remonetization? Is it not quite possible that we were right then and are now willing when it is proposed to forever discard remoetization?
 'I want the double standard. So do l 300, ,0O0.000 of the people of this world of ours while only o,0O0 want the single gold standard. We want the real money of the world to be 2, 0O0, ,O00, 900 of dollars in coin. They want only four billions of dollars. The difference means injustice, injury. suffering and distress to millions of Gods poor people the world oyer while the gold class is to wax fat at the cost of its helpless victims.
 "The republican party ought not to do any such greyiOuS wrong. lentreat it's leaders not to burden us with gold monometallism, but to renew in un- language our oft repeated pledges to remOnetize silver.
 If we are true to our traditions and to the wishes of our constituents, we shall re-elect our gracious and pat riotic president by popular and cleo toral majoritieS more than any presi- dent has ever had. Can we afford by the passage of the needless first ten lines of this bill without sufficient qualification to add to the chances of his defeat:o At the close of MT. Chandler's speech, Mr. Chiffon, of Texas, was re- .ognized to address the senate in op- 7 position to the pending measure, , he declared, represented the { policy of the republican administra- {, tlon. He urged that the main object ! lf the bill was to refund the entire 7 national debt in longtime gold bonds. This would insure perpe tuity to the , national banks and afford them a :, sreater money monopoly even than [ jhey possessed now. It would like {, wise destroy all prospect of bimetal- T ism so far as the power of the repub- n ican party could accomplish that re- e ult. He regarded it as likely that a f treasury ruling would be made after s- he passage of the pending bill provid- ng that silver dollars and silver certi- cates should be made redeemable in