The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-05-30
FREE SILVER HOBBY
What Able Texas Editors Think About
the Silver Question.

The Rockdale Messenger Pop.) thinks:
There is only one party that is sOlidly
in favor of the coinage of silver at the
ratio of 16 to 1. Other parties may try
to deceive the people like they have done
before, but, the people will learn after
while not to trust a party that promises
one thing and when they get the offices
do right the reverse to their promises.
The people are slow to fOrsake old or
CARNATIONS and associations, but suffer
ing disappointment will convince the most
obstinate in the long run"
The Galveston Tribune says: "Texas
will have at least one sound money rep
resentative in the next congress. Hon.
Miles Crowley stands upon solid Cleve-
land platform, adopted at the HaEetts-
vile convention, and the contestant, Hon.
A. j. Rosenthal, is an orthodox Republic
can on this subject
The Cuero Record, a bright and ably
edited little daily, says: 1.-The Dallas
Mercury, Populist, is offering $4,000 for a
coin that exists or ever did exist which
passes its face value the world over.
The Mercury must want $50 gold piece
pretty bad, for one of these, or any other
denomination of American gold coin, is
worth its face value around the globe.
This is specimen of Populist soap-bubble
argument"
The Victoria Advocate publishes the
following: 1--WE wish to warn our read
ers against a certain book known as
Coins Financial School which is now OBJ
tanning a large circulation. The book
purportS to be report of a series of meet
ings held at the Art Institute in Chicago,
beginning on the 18th of May, 1894.
Throughout its pages the book has pre-
tended quotations from such men as L.
J. Gage, John r, Walsh and j; L. Laugh
lin. Any one with any knowledge of those
men would konw they never expressed
such sentiments as are attributed to them.
The book is, however, calculated to do
much harm, as many unwittingly take its
statements as true, when it is in fact a
base fabrication of lies from beginning
to end. Neither the statistics, history nor
quotations are to be relied upon. No mat
ter of history has been too commonplace
for its charlatan author to misstate in
order to bolster up his system of logic"
The Galveston Tribune says: General
Garfield, in discussing the effects of none
tary imitation in this country after the
war of 1861, said:
"'Our dollars fell to So cents, all prices
were increased. but they were not all in
creased alike. The price of labor
was the last to rise. and when it did rise,
it did not rise so high as the cost of living
rose; and in the widest days of initiation,
when the increase of wages was % per
cent, the increase in the cost OF living was
10 per, cent, So that while imitation IN,
creased the laborer's wages it increased
the cost of living more. 1t nOminally gave
him more, but in fact gave him less
This is like the problem of the snail
that climbed two feet in the day time
and slipped back three feet in the night.
Labor has no interest in such an imitation
of values that while it raises wages 30
per cent increases the cost of living 70
per cent.
"Such is the probable condition of val
ues under a system of independent and
unlimited coinage of silver. 1t may pc
conceded that such coinage would raise
values in the measure of such dollars,
but when these dollars are reduced to the
measure of the worlds standard the
values will be found to have remained
stationary at the best. with every proba-
bility of a real depreciation by reason
of the speculative uncertainty of the sys-
ten and the general disturbance to COM
merce.
'The producer would he placed at even
greater disadvantage, for Wnile MS sup
plies would be purchased at the prevail
ing inflated prices of the period his pro,
ducts would be sold upon their demand
value in the worlds markets. Inc farmer
would buy his implements and his cloth
ing in American markets under the RUE
of cheap money and high prices and would
sell his cotton and wheat in Llverpool
under the rule of standard money and low
prices"
Perfect in ingredients, therefore perfect
-, rroo,o pal-inp Powder.