The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1894-04-30


that is utterly indefinite s sns i y
slve. Not by increasing tha oh
for that would necessitst .uV y fata|
coinage of existing silver sas y
and effectually close tho monty
any hope of agreement viii, uS'ona
nations which now have biI III 0'ia
silver circulating side BY s; a,'0a' 4
gold at a ratio less than ours ' WY
1t seems to me that ers
partial student of finance il nj
10 reach three conclnsio,O e'a'|
That gold is 100 scarce in ,ba
to depend upon It as the on 'l' WON
metal; 2. That a change Of n 's
would complicate rather thar 'SA
the situation. 8. That ~ asa
national agreement is not prohs sS'
but that we will finally be fo,s Saa'
take up the matter on our ons y
count and deal with it as an Amy y
can question. This being % '. w
other plan of using silver il " ~ wy
US than the one which have ' ~
gested? What do these oept., ~
who so constantly talk "silye,s,, y
SO habltually act "gold" intend ' y
do? We ask for the free and Y
Limited coinage of silver, and A.,
raise'their hands in awful n,. ny
that 1t will bring ruin to the F, en',
try. We ask for the old B, ,,I
bill, and they cry ont that # =
bring US to untold disaster. r.
moderate our demands still u,'
and ask for the coinsge of the ssi,.
forage already in the treasury api,
presidential veto comes thunder,
back that it will endanger the 81
bility of the national finances. \
every measure proposed is one i
one with fair phrases to be reiectd
what can the patient people Of ,il
country expect by tlindly vaita
and trusting?
My friends, this is all mocss,,
We should look the truth sopar,
in the face. We are entering uDo,
great contest OF forces. The sivs |
fight now is not one about particuy
measures, but it is mighty b.4
of tendencies. 1t is no long.
question as to whether silver col,
sge shall be limited, but it n
whether silver shall be coined N
all. Every month of delay vii
strengthen the despotism Of tha |
who have decreed that silver shil
no longer share the power Of gaA
as standard money on any part d
the globe. 1t is delusion 80 CON |
lete as the tramp of Coxey's anI
to expect to reach that period vhs
the holders of the fixed SECURITIES d
the world will consent for the tight
ening strings of their power to h
loosened. The question is low sAA |
the people of the United Sts'a
finally abandon the financial syiis,
of our fathers and Join hands viii
those whose interests as nations
at right angles with our own?
No man can fairly estimate boz
many hundreds of st'bes'i!!
American debts are held by oWns1
in England, Germany and Holl'iA
bat some faint idea of these tl'H
Atlantic demands upon our n
sources may be drawn from 10
fact that within the latt two yen
more than 1925, 000,0 GOO of AmsA
can securities were shipped o'a
from Europe to this country ~
sold. This is but small par! :,
the American bonds and stocks ls'
in European hands. This gN,.
treasure is not counterbalancea
any obligations which We lI
against them. The money oalSl'
against US in favor Of EuropescM
tinuing ard settled. The same IT,. lsa
ton exists between the eastern s''s
of the union like New lofR
Massachusetts, on the one n'.
and southern states Ike Ml''V"
and Texas On the other. fol ".
obligations held now in Europ..s
New York we have in times PAsrs:
ceived the consideration.
money has gone into the bul!d NV,
railroads, the promotion OF u W.
features, the stimulation Of w.. N
ness and it would be dlshclO,S, Id
if our people failed to pay IT,, "