The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1885-11-19

THE STANDARD DOLLAR.


and the advocates OF the gold standard,
as to the bad policy of issuing any |
more silver dollars until some treaty |
can be made with England and Ger
many on the subject of general
recognition of the silver dollar.
Mr.. Henry Cernushi, the
most distinguished bimetalist, says,
so long as the bimetalic treaty pro-
posed in 1881 by the United States and
France is not accepted by England or
Germany, not one single 5-franc
piece should be coined by France, not
one silver dollar should be coined in
the United States. In no form, under
no pretext, should silver currency be
increased in the United States.''
He considers the $2O0,0OO,O00
we have coined as wasted
in the payment Tor the bullion that he
thinks it would have been better to
issue in paper money.
Mr.. Cleveland has employed Mr..
MantOn Marble, who since May last
has been making an effort to obtain
the present opinions and purposes of
the governments of Great Britain,
France and Germany in re-
gard to establishing an international
bi-metalic currency upon fixed rel
ID alive value in weight between the
two coins, in order that both gold aud
silver could be coined by the minis of
all these countries, and to arrange for
such a commercial treaty that both
silver and gold would be received in
ternationally in trade or exchange.
The result of his mission has not
yet been made known, but it
Is surmised that the opposition is
too great to ever establish such
bimetalic currency for the conven-
fence of the world.
AS there is no difference on the subs
ject of stopping the coinage of silver
between the advocates of the different
measures, while such treaty does
not exist and cannot be brought
about, the probability is that the
president will recommend congress to
cease to coin silver dollars, worth
twenty cents less Oh the dollar than
gold or paper currency.
Mr.. Marbles facts will doubtless
] aid thnEesident in satisfZiaG all
parties his subject, AID, under the
circumstances, it is best that
business men should anticipate
the result and be prepared for it. The
probability is that the circulation of
the deprecated silver dollar issued
under and by virtue of the authority
of what is known as the Bland bill
will be more limited in circula ton
and our merchants should be careful
not to have too large an amount of
that kind of money on hand.
THE Houston Age used to be a
NANCY purp, and in spelling, it could
give Josh Billings three in a game
and beat him. But all that has passed.
Uncle Daniel has improved in his
spelling and his paper is now one of
the best appearing, evening sheets in
the state. 1t is one of our best ex-
changes: The STATESMAN always
felt that the major would make
good editor when he arrived at ma.
turity. BY the by, the newspapers of
Texas will have improved in appear
ance more during this year of our
Lord, than during any five previous
years.
THERE is another stain of blood up
on the British crown. Louis David
Rlel, leader of the half breed rebellion
in the northwest territory, was execu-
ted yesterday. Whatever else may be
said of the unfortunate rebel leader,
it is certain he was actuated by patri-
otto motives, and headed revolt that
was based on real grievances which
moral force alone, failed to right.
THE Servians have had the best of
it in the fighting so far. They have,
by the battle of Raptcha, beer enabled
to turn the rocky gorge of Dragoman
pass. The Bulgarians have retreated
on Stivinitza, where stand wi prob.
ably be made and deci i've battle be
fought to-day or tomorrow, for the
mastery of at least portion of Bull
garia. Things begin to look warm
about the seat of war.
BAsTRoP has lost one Of her oldest
aud best citizens-an old landmark
Nelson Burch. He settled in Bast-op
in 1889, and was engaged in mercan-
tile pursuits. His death took place
Sunday evening. Truly the ranks of
the old settlers, the men who laid the
of this great state, are
rapidly b ing thinned out.
SOME of the papers say thai Calves
tons conflagration was attributable
in a great measure to its defective
water works. That is not so. Before
any engine reached the fire it had got
ten under such Roadway that all the
fire engines in the state could not have
checked it. With wind blowing at
the rate of sixty miles an hour. it was
its own master.
THE BRENNAN Banner says that a
travelling man who has teen in seven
ty-fiYe counties, reports to the Fort
Worth correspondent of the Post.
that the officers in seventy-three of
these counties favored Swain for
governor. Ye drummer is generally
good authority.
REL will yet prove to be the John