The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-11

The proceedings in the Senate yesterda,
were enlivened by a characteristic speech
by Mr. Chandler of New Hampshire in
opposition TO the Currency bin Mr.. Chand-
ler's remarks were listened to with evident
interest. and while he was not aPplauded
he was accorded the distinction of having
as an audience larger number of Senators
on both sides of the chamber than have
hitherto listened to speech on the finan-
ciai debate. The speech occupied about an
hour in delivery and was lshtened BY
keen strokes OF sarcasm and witticism.
Mr.. Chandler said:
Mr. President. in his work on the Law
OF Civilization and Decay Mr.. Brooks
Adams makes the following impressive
statement:
A" 1t appears 10 be natural law that
when social development has reached GER
tain stage and capital has accumulated suf-
hciently the class which has had the ca
pacity 10 absorb it shall try to enhance the
value Of their property by legislation. This
is done most easily by reducing the guam
tity of the currency which is a legal tender
for the payment of debts
Whether MIR. Adams assertion is true
historically, it correctly describes the pres
ent situation. Those who have absorbed
the gold of the world are trying to make
ii 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 Absolutely no
other purpose is to be subseryed by those
~. Of ., III IL Cd.
quate recognition OF the desire and deter
mination OF the American people that sill
yer shall be remonetized is defiance of the
Republican platform of 1896. and without
such recognition in the bill ! cannot give
TO 1t my vote. II would be unqualified gold
monometallism, and TO advocate or sub
init to this is an abandonment Of Repub
lican principles.
Pledged to BimctaIlism.
The Republican party is pledged TO
bimetallism. Were we blunderers when
We shouted over and over again for re-
monetizaticn? Is il not quite possible that
we were right then and are now wrong,
when il is proposed to forever discard re-
monetizaiion? Why, then. not place an
unequiyocal pledge in this bill. The dec
laration In favor of gold is unwise. both
in business and political sense. There is
no need Of this Law. In 1873 the minis of
the United States were closed to the coin
age OF silver. and no power on earth can
open them to further coinage. except the
President and the two houses OF Congress.
Therefore, let US reiterate the law of 1898
and not enact gold recommendation in viola
iion 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 forty
six days the committee report provision.
stating that the act is not intended TO
place obstacles in the way Of international
bimetallism. This concession is gratifying
but not sufficient
Let us not justify the aspersion lately
cast upon us by MIR. Bryan when he said:
Thousands of votes went 10 the Repub
lican candidates in 1856 on the promise to
do everything possible TO bring about
bimetallism by international agreement
The falsity of that pretence demon
strated early in the present Admnistra-
tion. / do not think they will play the
same trick again. but II they do, they will
not succeed in fooling very many people /
by it
Let us repel this charge as unjust and I
untrue by reafiirming the oft-proclaimed /
principle OF our party and the eyer-present |
desire of our people that both gold and sill |
yer shall be the standard money Of the |
nation. II We are thus true TO our tradi- |
tons and TO the wishes OF our constituents, /
we shall reelect our gracious and patriotic
President by popular and electoral MAORI
ties greater than any President has ever
received. 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?
A Pleasing Alteration.
THE gifted Senator from New York (Air. |
Depew) is said to have designed for the |
Republican party new campaign motto for |
1900. Gold and Glory. The ALTERATION is !
pleasing. II will look finely on gilded ban |
ners and will doubtless lead TO victory. But |
If the word gold means gold monometal-
lism, IL will be necessary for the golden /
tongued orators of the party to eXpatiate /
with marvellous eloquence over the glory |
10 the flag coming from the war with 1
Spain in order to overcome the many /
evil effects at the polls in November of |
the deep damnation of the destruction by 1
legislation OF half the metallic money of
the nations of the earth. Mr.. President,
thou canst not say / did it..
1T is with sincere regret 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. ] want the
double standard. So do 1900 0O0 600 OF
the people of this world OF ours; while
only 2O0,Oo00 o0 want the single standard.
We want the real money of the world
TO be eight billions OF dollars in coin. They
want It to be only four billions OF dollars
The difference means injustice. injury,
suffering and distress 10 millions Of Gods
poor people the world over; while the gold
class is 10 wax fat At the cost of their
helpless victims.
THE Republican party ought not TO do
any such grieyous wrong. ! entreat its
leaders not to burden US with gold mono
metallism, but 10 renew in unmistakable
Language our oft-repeated pledges TO ye-
monetize silver"
Mr. ChiIton's Remarks.
MIR Chiffon spoke in opposition 10 the
bin, which. he said, represents the 1Dan-
cii policy OF the Administration. II treats.
he said. Of three great subjects in a way 10
do great harm to the nation. These three
subjects were: Outstanding legal-tender
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