The daily journal. (Salem, Or.) 1899-1903, 1900-02-12
CHANDELIERS SPEECH
Delivered Before the Senate, Saturday,
On the Pending Financial Bill.
A Strong Plea Against Monometallism
by One Of Amenea's Ablest
Senators.

Senator Chandler( Rep. n. H. deliv-
cred an address on the pending fnan-
cial bill. He said in part:
"Those who have absorbed the gold OF
the world are trying to make 1t 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 purpose. Absolutely
no other purpose is to be subseryed by
those lines. The passage Of the bill
without adequate recognition Of the de-
sire and determination OF the American
people that silver shall be remonetized
is defiance Of the republican platform
Of 1895, and without such recognition in
the bill I cannot give il my vote. 1t
would be unqualified gold monometal.
ism, and TO advocate or submit to this is
an abandonment OF republican princi-
pies.
"Any retarding OF the movement to
make gold more valuable does not suit
the gold class. Further steps are there
fore now demanded, namely, that all
the 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 re-
deemed on demand in gold. II this new
principle is to prevail, the real money
will be 1900, 900, 900 Of gold, and the
credit money, including the silver money
will be 1000, ,0OO, 900. And upon thii
gold and other credit money are tC
be built all the checks and other cred
ts in trade throughout the world. How
broad the summit and how narrow th'
base.
at is not true that, because II Il
claimed that we have now what arr
now called good times and prosperity il
America, bimetallism should be ridi
culed and disregarded But our gooC
times are simply because the balance o
trade have been so largely in our favor
What would have been our condition
the balance Of trade had not been in on
favor2 In truth, in spite of temporar.
present conditions, the case In favor o
bimetallism still remains unimpaired
The merito OF bimetallism are plain
The injury to result from gold none
metallism is sure.
"The Republican paEy is pledged
bimetallism. Were we blunderers whe
we shouted over and over again for rC
monetization? Is 1t not quito possibl
that we were right then and are no'
wrong, when IL is proposed forever I
discard remonetization7
"I want the double standard. So d
,SOO,OOOOOO Of the people Of this worl
OF ours, while only 200, 10000 want tn
single gold standard. We want tn
real money Of the world to be $4,000, 900,
600 in coin. They want it to be onl.
$4,000, 100000. The difference mean
injustice, injury, suffering and distres
TO millions Of Gods poor people tn,
world over while the gold class is Il
wax fat at the cost Of their helpless vic
tins. The Republican party ought no
TO direct any such grieyous wrong.
entreat its leaders not TO burden us will
gold monometalism, but to renew in un
mistakable language our oit-repeate'
pledges to renionetize silver.
"It we are true to our traditions anC
the wishes Of our constituents, we shal
re-eleet our gracious and patriotic presi
dent by popular and electoral maioritie
greater than any president has ever re
ceived. Can we afford, by the passae,
Of the needless first ten lines OF this bill
without sufficient qualification, TO ad,
to the chances OF defeat2"