The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-05-02

voIra and a lawful tender for al ueg.o
,,Ihiio and nriyate. And we appeal 10 Ine
friends of the policy to assemble III pi
norv mass meeting in their respecLdINe, o oNS
inc precincts on Saturday, July ~, ioo -
aRd send instructed representatives,
an,Ir+y mass meetings to be held at tnGll
Ior,ln.'+ira county seats on Thursday, the
o5th day of July, then and there TO se I;
representatives to a State mass Ile ' the
70 be held in Fort Worth on luesuuS, Cno
9Th day of August, 1893, Tor the pun pc euoo
of more thoroughly organizing tne ,;rinS
silver Democrats of IeAas anu 90 Stnto
their inst representation in the next olale
ord National Democratic conventions. -,
In This State and elsewhere, where tne
majority of the people favor silver rs
standard money. some of the gold stahu-
ard men pretend to be in favor OF SILVER
rs standard money. This is pretehsts
mt forth TO deceive the people. Sucn
men know, as all who are informed OH
this subject do. that the real purpose OIL
the enemies of silver is to secure the auop,
tion of the single gold Standard IN lhe
Eastern States and in Europe, ana Wnete-
ever they suppose themselves IN the ma
iority, they ndul ge no such lnslhcerlty,
Int boldly proclaim themselves in favor
of fine single gold standard. We ask our
follow citizens to be not deceived by such
enemies of silver. who, while pretending
70 favor it. never get to the point OF know
inc when and how the country is to get
the benefit of it.
We can notice only few of the argu-
ments used by the gold standard men
against silver. ,,,,+
adopt and maintain bimetallic standard
of gold and silver at the ratio of IL OF sill
YER TO 1 of gold, without the concurrence
of other nations. When congress dem0ne-
fixed silver it did not ask the help OF hu-
rOpean or other countries to give effect 10
its action. The United States has nearly
70 GOO 600 population. Produces great
or amount of agricultural products for eX-
mort than any other country. Produces
more manufactured goods than any other
country, Has the most intelligent ana
enterprising people in the world, and Is
fully able to adopt and maintain such,
financial system as is demanded by. the
needs of the country independently of the
polcies of other countries. Our exports
| of commodities and merchandise 1ar eA-
coed our imports, and this excess OF eN-
ports supplies the place of gold in meeting
necuniary liabilities in other countries
Resides this it is estimated that not eX.
ceeding four per cent of the commerce OF
the United States is foreign commerce:
and n part of this is with silver standard
countries. The other ninety-siX per cent
is domestic commerce. We need cur
rency to meet the necessities OF the Ninety
six per cent of our commerce much more
than currency to meet the wants of the
four per cent. The gold standard people
insist on an international currency winch
| will strengthen our credit abroad. lnere
| is not now and never has been an lnterna-
tional currency. Gold and silver, ike
cotton and wheat. when used IN our lor-
eirn trade are taken for what they are
worth by weight and fineness in the coun-
try TO which they are sent. and not upon
| n standard of value fixed by any one or
| by any number of countries. Instead OF
| desiring to provide the means of increas-
| ing our indebtedness to foreign countries,
we should pursue a policy which Would
nav off our present indebtedness and make
other countries our debtors instead OF al
| lowing them to be our creditors.
Another of the scarecrOws which is
used to frighten the friends of the silver
coinage is the statement, that II we auop'
| free and unlimited coinage all the silver
of other countries will be brought mere
and dumped on us, the gold driven out OF
| the country, and our country made SIN
gle silver standard country. Such an ar
gument is not now used except among
those too ignorant to know what they arr
talking about. l. all the gold and silyel
in the world could be utilized as none!
there is not enough of it to meet the needs
of the worlds commerce, which is annual!
increasing. while the production OF TIT
gold and silver of the world is decreasing
Where is this silver to come from! VIVA
country can spare it? And how is it tt
| &c Of is mr.
one billion dollars in silver in circulation il
| Europe. and every dollar of it is at pa
with gold, at the ratio of 10 IL to l. Th'
/ dollar there, to use our denomination, i
worth about three cents less than our dol
lar, which is 16 to 1. because of this diff
ference in ratio. If, therefore, the owner
of silver there should bring their slve
here to exchange it for gold they woul'
lose three cents on the dollar Then Their
= would be the expense of getting the silve
| together in that country: the cost o
freight and insurance to this country; tn
cost of exchange here; the cost of freigh
and insurance back to that country, an
, the cost of recoining. Able fnanciers es
E5@atf amount en8f to 'nSi T. or Expense
per cent. What man of sense would
make such a sacrifice? And why SHOULD
: lit be made? Money only goes where i
! lis to be used in buying other things
If it should come to this country it would
, be brought here to buy our products
!, would improve our markets, and benefi
! our people. But why discuss the impos
sible? The governments of Euorpe con
I troll but a small amount of their coli
: money. 1t is in the hands of the people
and if it were possible to take this none.
from them it would produce genera
I Ipanic, cause strikes everywhere, and in al
u probability a revolution. This view is to-
absurd to be talked about.
q That we may the more fully realiz
= what is the effect of doing away wit
silver as a part of the standard none
which measures all values it should be re
membered that it constitutes about ont
:, half of the metal money of the world. TIL
J principal part of the worlds present in
u debtedness was incurred when the gOl
and silver of the world measured the valu
/ of property. That it is now proposed t
t pay that indebtedness when gold alOn
e measures the value of all property, an