Middlebury register. (Middlebury, Vt.) 1886-1937, 1900-02-16
Chandler Against His Party.
Washington Post.

Opposition to the gold standard meas
ure in the senate came yesterday from
the Republican side. Senator Chandler,
bimetallist who declines to follow his
party into gold recommendation, an
nounced emphatically that he would not
vote for the bill In addition to this he
made a very strong speech in support of
his position, the opening sentences of
which were as follows
Those 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. Abb
solutely no other purpose is to be suOserved
by those lines. The passage OF the bill with,
out adequate recognition OF the desire AMI
determination of the American people that
silver shall be remOnetiZed is defiance OF
the Republican platform of 1896, and without
such recognition in the bin cannot give to 1t
my vot'. 1t would he unqualified gold mono
metaliism, and to advOca e or submit to this
is an abandonment of Republican principles
Anv retardation of the movement to make
gold more valuable does not suit the gold
class Further steps are, therefore, now de
manded namely, that all TIL" existing silver
coin shall be put out from 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 all the checks
and other credits in trade throughout the
world. How broad the summit and how mar
row the base.
Mr.. Chandler insisted that it would be
Just AS logical to lower the protective
tariff because American exports were
very large last wear, as to adopt gold
monometalism because there happens to
he temporary prosperity. He argued,
too. that the increased production of gold
only proved The desirabiitv of bimetal-
ism and asserted that now is the very
time to renew the movement toward re-
monetizi'ion. He said:
The attempt to establish the gold standard
in India has been n failure. India is a silver
country AMI VIII not accept gold a. money
or aS the measure of commercial values. The
public sentiment of England wound welcome
another move ment for the RECOMMENDATION
Of silver. If the Transvaal war cont lues
Eng and ma soon become willing to enlarge
the metallic money of the world through re
newed n EQUATIONS for an international
agreement
/ The Republican party is pledged TO bimeal
lsm. Were we bunder - when we shouted
over and over az lin for reconciliation: II
/ ii not quite possible that we were right then
ana are row wrong, when II i proposed to
forever discard reconciliation; The sena
tor from Rhode Island saws that ii il not m
tcndei II reject the idea OF International
bimrtallsm Why then, not place an un
equiv cal pledge in this bill: The decl lralion
in favor of z d il unWise both In "A business
d
! aW In 1913 the mints of the United States
/ were closed to the coinage of SILVER, and no
! power ON earth can open them Ia further
courage except the president and the two
houses OF congress.
therefore,, let ~ reiierate the law of lS9}
and not enact gold recommendation in viola
ton of he pledges OF the Republican party.
Let the convention to he held in June next
decide that question. This bin as reported to
4 the senate had no mention of Dmetalism,
After forty six days thu committee reports Il
is
I to place obstacles In the way of intern uiOnal
bmeialism. This concession is crafty ing,
but not sufficient. II does not even contain
the six tving words of the platform of IsgG-
(which we pledge ourselves to promote"
A strong declaration might be satisfactory,
but il would he better to strike out the first
! ten lines of the bill.
/ Senator Chandler ascribed the terrible
famine now prevailing in India to the es
/ adjustment of the gold standard there,
claiming that the people were starving
| because they had not money with which
/ to buy food. 1T is with sincere regret
he said in conclusion. that ! differ so
radically from my political associates In
this body. But my convictions of duty
will not allow me to do otherwise.
have not abandoned the faith of the
/ fathers. | stand upon the ancient ways.
Il want the double standard So do
| 300, 600, 900 of the people of this world
| VI OuISi Nhlic ouly %OO'pOo;OuO want lhe
single gold standard. We want the real
money of the world to be $1,000, 600, 900
in coin. They want 1t to be only ST.
600, 600 900. The difference means in
justice, injury, suffering and distress to
millions of Gods poor people the world
over; while the gold class is to wax fat
at the cost of their helpless victims. The
Republican party ought not to do any
| such grievOus wrong"
Mr.. Chiffon of Texas also spoke in
opposition to the measure, claiming
that it was designed to perpetuate the
national banks, and was followed by Mr..
Money of Mississippi. "This question is
to be solved by the money power of the
world" said he, 'or by the labor and
industry of the world, and may God
help the right In this cause"
Three February Anniversaries.