The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1894-05-31
SOLID DOCTRME.

II on. ~ AOpOtV, Ia " 'SNsS' w
constituents announcing his views,
relative to finance says:
elf the silver bullion in the treas
urv had been coined into dollars,
and the coin notes issued for the
purchase of said bullion had been
redeemed in silver dollars when
presented for redemption, there
would have been no occasion for the
issuance Of the $50, 900, 900 of
bonds which were short time ago
put on the market"
My position in reference TO silver
today is the same it has always
been. am in favor of the free
coinage of silver--that is, l favor
the policy of treating silver as a
money metal, as our fathers did, at
a fixed ratio to gold, and l believe
le to is the proper ratio.
There has been a great deal of
senseless twaddle about Europe
dumping her silver upon us and
taking away our gold if we declare
in favor Of free coinage Of silver.
The report of the director of the
mint shows that there are about
So, 500, OOC, 900 of coined silver in
all the world. Suppose it all came to
this country, it would only be about
$50 per capita, but no man who has
common sense enough to under
stand the elementary principles of
addition, subtraction and multipli-
ton would believe it would come
to this country, if he were placed in
possession of the real facts. About
50 900, 100000 Of the S3 500, o0o,
coo is in circulation in China and
the East Indies, where - ounces of
silver in value are eqaal 10 ounce
of gold Seven hundred million
dollars of that amount is in France,
where - ounces are equal to of
gold. Now, does anybody suppose
that these vast sums of money would
be brought to this country to be
coined at Is to l of gold? The
proposition is absurd.
OF course | am in favor of fixing
the ratio of silver to gold by inter
national agreement, if it is possible
to do so. But if this cannot be
done, what are we to do? Are we
to allow Europe to dictate our
financial policy? DO the nations of
Europe and the east consult us
about their financial systems? Then
why should we consult them? Our
foreign commerce is not more than
one-twentieth Of our domestic com.
MERGE. Still we allow our great
internal commerce to suffer in order
to be in harmony with the financial
policy of foreign countries. l say
no. We want more money among
our people, and | know of no way
to get it, except by recognizing sill
yer as money metal and let it
serve az the basis Of our paper cir
culation as we'll as gold.
One thing is little curious when
it comes to discussing the silver
question with any OF those who now
oppose its coinage. Among the
first things they say is:
"When l first began study
ing the question of finance / be-
lieved in the free and unlimited
coinage of silver, but by investiga-
ton l have found it will not do
and the first and weightiest reason
which they advance is: "Mr.
Cleveland is great man and pat
riot, and knows great deal more
about the subject than l do, and he
opposes the free coinage of silver,
therefore l am convinced it won't
do"
Texas has eleven congressman and
two senator's, many of them old and
able servants of the people who have
been selected, as rule, on accoun,
of their known ability and unwaver
ing devotion to the people, who are
in a position to secure all the infor
nation on this subject attainable
who Tor number of years have