The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-04

In the light OF these experiences. winch
acc ord with the experience or other ma
items there are certainly no secure
grounds fer the belief that an act. OF
congress could bridge. an equality OF "
present ratio. nor Is there the least pcssi-
hility that our country, which has less
than one-sevouth OF the silver money OF
the world, could by It's action alone raise
moi only our own. but al! silver TO It's lost
yauo. with gold. Any attempt 10 accom-
nilsh this by the free coinage Of silver ~
rate differing widely from actual relative
values would be a sieul for the com
pl.tc departure OF gold from our ctrcu-
lhtiou the immediate contraction OF our
circulating medium. shrinkage IN the
real value and monetary deficiency of
an other forms II currency as they set
iled TO the level OF silver monofnrtp llisr.
Every one who received liked salary
and very worker for wages would mad
the dollar IN his hand ruIhlcssly scaled
down TO tho point OF bitter uisappoint-
men, u no, 20 rinchins privaiion. The
grange IN our standard Ca silver mononet-
allism would also bring on a collapse of
ths rtire system of credit which. VIXEN
basel ON Il standard which Is rccorhiIcd
and q. opi.d 10y the world Of business. IL
MARY times more useful than the entire
volume Of currency, and is safely capable
Of almost indefinite expansion TO meet the
growth 0f trade and enterprise,
Ia a sclf-iuvited struggle through dark
ross and uncertainty humiliation would
ho increased hY tho consciousness that
We hrd parted company with all the en-
world aud were desperately ana purpcselN
striving TO meet the stress OF modern conf
mcrce aud competition with a debased and
unsuitable currency and Ia association
with few weak and laggard nations.
which have silver as their standard of
value. All history warns us against rash
experiments which threaten changes i'll
our monetary STANDARD. and the degrade
ton of our currency.
n, past IL tan of lessons teaching rot
only the ecoicmic dangers hut the Ma.
follows
ira n Of such experiments. VIII not he
ll,Nc that the American people can be
pcrsnaG'd after ,scler deliheraticu' to
ioonardi2c their Nations prestige AID
Proud standing by encouraging financial
no trlms, nor that they Will weld Ia the
faNc allIremcnts of cheap money WHEN
they realize that II must result in the
We keninG OF that financial integrity ami
-ectitude which thus far in our history
has been devotedly cherished as one Of the
TRAIT Of t'nc Amercanism. our cquntrY's
ind ht educss. whether owing by the gov
eminent or exist ug between individuals.
las been contracted with reference 10 our
present standard To decree hy act of
congress that these debts shall be payable
i'm Joss valuable dollars than those WITH
Ia the contemplation ami intention of the
parties when contracted. would operate
To transfer by the Hat Of law and without
compensation an amount Of property and
q volume Of rights ANA interests almost
mcaluah.e. o 9 who advoca . a blind
rtd h' dlpng plunge To ire" coiu4.e III
the tame " him"t illsm ana protesting
the O." iet contrary to- an experience. that
we coul thus establish It double standaid
ana i, toncur cut circulation Of hIth met
rls u our coinage are ,crtH MY reckoning
I ON q cloudy standpoint of tue civilized
world and prevent the only himctallism
now possible or at least that within the
independent reach of any Single nation.
however pow erful that nation may be,
whilr Tho Valu" OF sold as . standard Is
straii by almost universal commercial
aud business us. It does mot despisc 81
Yer. nor seek its harishmout Wherever
this standard t. maintained There is in
free ANA unQucstionei circulation "A vol
ONO of S liver currency some iiu's tqud,tng
ana sometimes even exceeding It IN
amount hoth maintained a. parity. not
WithstauIiug a. depreciation or iiuctudttuu
ma tho int in ic value Of silNcr.
Thcro IS "a vast difference between
standard of value and q currency FOR
monetary use. The standard must ucccs-
sa-ilv ho fixed aud cort.tiU The currency
may ho i'm diverse forms and of various
kinis No silver standard country has "A
gold currency IN circulation, hut an oi-
hghtcu"l aud wise system Of finance So
cures thc benefits OF both gold AMI silver
as currency and circulating medium by
Keeping Use standard stable aud all other
currency at par with it. Such q system
ana such standard also give free scope
for In" use and expansion of safe ana
conservative credit, so Indispensable to
broad aud growing commercial traus;c-
lions and 80 we'll substituted for the actual
use of money.
y fixed aud staple standard Is main
of our commercial transactions and bust
ness require aud TIVE use of money itself
is conveniently niuimizcl. Every dollar
OF fixed and stalir value has brought the
agency of coutdout credit. which has an
astonishing capacity Of multiplying itself
IN financial work Every unstable and
tluctuating dollar Calls as "a hhsis of credit
and In Us use hceris gambling sp"culu-
ton and uudcrntucs The foundations of
honest enterprise.
have vcn'ured Ia express myself on
these subjects With ctrnrstUcSS ANA plain
ness of sprcrh, BECAUSE can not rid
myself of the belief that there turks in
the proposition Tor the FREQ coinage of
silver SO strongly approved and So "u
Enthusiastically advocated by ~ multitude Of
my couuirymcM scrois menace to our
prosperity and am inSidiouS temptation
TO our people ia wander from the Illcgi-
ance they owe Ia public and private In
tggrity. II is because do not distust
the good faith and sincerity of those who
press the schomo that have, imperfect
~. hut with 2oal submitted my thoErhts
upon this inomeutuuS subject | can not
refrain from hcggiug them to rc-eNamluo
their views and beliefs I'm the light of
patriots r. ,eon and experience, aud
10 weigh again ana again the CONSEQUENCES
of such legislation as their efforts have
Invited. Even tho continued agitation Of
the subject adds greatly To the diftlcultics
of a dangerous financial situation already
forced upon MS,
In conclusion I especially cntreat the
peoples representatives. IN the congress
who are charged with the responsibility
on lndUENIullUE lli'dSultS lpl lut Stilt ~
and prosperity of our common country
10 promptly and effectively consider the
ills of our critical financial night have
suggested a romody which my Judgment
approves. desire. however to assure
the congress that I am prepared to co
operate with them Ia pcrfcctng any other
measure promising practical relief and
that will gladlv labor with them in
any patriotic rudcaVor to further thu
interests and guard the welfare Of oul
countrymen whom, in our respective
places of duty. We have undertaken Ia
serve. Grover cleveland,
Executive Mansion. December ., lS9j
LIBERTY BELL.
N Rang out Loudly THANKSGIVING Day toi