The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-04-19

tuations in price of a condition OF af-
fairs in this country that he so graph
ically pictures.
Mr.. Reagan says, Just as silver ha,
zone down, as compared With COLO,
the prices Of all staple commodities
have gone down with IT," thus ADM e
ting that the fluctuations in the price
of silver have been the cause Of the
low price Of all staple commodities, IT
is true he attributes this to the de-
uouetization OF silver, but the
most singular part OF his whole
argument on this subject is that the
government detased silver by insist
ing on-payiDe gold for silver certili-
Gates when every well informed iiuan-
cier of.the country recognized the fact
that the only way to sustain silver as
one OF the metals entering with equal
value into the currency OF the country,
to make it equal with the gold stand
ard, was to pay these silver certificates
in gold however dangerous it was to
the financial policy OF any country. II
we expected that our silver dollars
would pass current in the markets OF
the world we did SO on the ground
that they.were endorsed by the gov
eminent of the United States, backed
by every taxable value of all the
wealth of the country. Otherwise sill
yer would have taken its natural tex
dency and slipped out of the currency
of the world debased and dishonored.
Mr.. Reagan attempts by an analysis
of Democratic votes to show
that Mr.. Cleveland's policy On
silver is betrayal OF the
Democratic party. What are
the facts in the case? We have a
Democratic administration, a Demo
cratic house Representatives, Dem
ocratic senate and a Democratic pres
ident, and we find that Mr.. CleveIands
policy has been embodied in the laws
of the land, even to the defeat of MIR
BANDS seigniorage bill. We find that
policy is in strict accordance with the
platform of the national Democratic
party as adopted by the national
Democratic convention, and yet we
find the erstwhile United States sena'
tor, John H. Reagan, denouncing Mr..
Cleveland and his policy for all the
ills of the people, falling to remember
even in a single sentence the fact that
the whole condition of our affairs is
the result of Republican legislation in
fixing upon us a burden of taxation we
could not bear.
The strangcst thing of all in Mr..
Reagan's voluntary advice to the
people OF. Texas is that he has not one
word to say against the Mckinley
tariff, not one word to say of his 10y
atty to Mr., Cleveland on the impor-
5ant issue of the tariff upon which Mr..
Cleveland was elected. His fulmina-
ions against Mr.. Cleveland and the
rational Democratic party show very
that either he was not
honest in advocating a reduction of
the tariff or that from some personal
object he is attempting to-
brow a frebraud into the ranks of
he reConciled elements of the Demo. |
,ratic party in Texas. MIR. Reagan |
,nly differs from those Democrats 10
who are for tariff for rev.
niue only on all staples not produced |
n their Oaiiwieks but for high tariff !
N such local staple, in that he cares |
about the tariff but believes
lie can make some political capital by !
on the tree coinage of silver.
Mr.. Reagan takes occasion in this
.ddress to the people OF Texas to COM
,liment and admire the Populist !
'arty. He OBJECTS to certain unim-
'ortant and far away tenets of that
'arty, but on the whole he is much
lore in accord with the Populist
'arty than he is with the National
Democratic party, and he must par
on us for concluding that he is ami.
mated by the same spirit he was at
iouston when he said a certain plank
'ould be worth thousands of Popu.
SITS votes He is not, however, play
~ music to which the Democratic
arty of Texas will dance. The Pop
lists may be well pleased with such
lusic for all we know, but the Demo
rats will never catch the step.
IG II Al aptnnil II la hnt