The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-03-07
JAS. {. PATTON Co.
READY MIXED
PAINTS
GUARANTEED STRICTLY pUREl
"A t.
GEO. c, BEHGENER & BRO,
HARDWARE DEALERS.
GUARANTEED STRICTLY pUREl
HARDWARE DEALERS.

Republican party as party will cbonoa
It's policy; give up the gold standard and
restore the bimetnLlic standard There
are no grounds for such hone and we
DelieVe theY are .deluded who look for
TMicn SMcn change of policy by this party
Inc Republlcan party is committed by
i its leaders, 10y its record and by the press
pehlnd 1t, to the gold standard, supported
Dy gold bonds, and 10 tne retirement ~
.ne greenbacks and the surrender of the
issue ana control of the money noyer
over the organization OF the Democrats
party. w HE undoubtedly a large ma
Jority OF 'he members Of that party are
opposed tt the gold standard thev baya
been powe less to control gle marty orso,,il
zatlon aga ust IL, and much less IN sscuro
standard. '"''''''c
While this is the case it cannot he ex-
pected that Republicans will abandon the
CONVICTIONS of r life time on other ones
tlons and go into the Democratic party
IN body or into wing of that party: nor
WILL VII democrats give. up principles they
go over to the Republican party or to n
wing OF that party. Nor is it possible to
induce Democrats and Republicans to-
gether to go into the Populist partv. for
the reason, If no other, that the platform
oL oL that party contains declarations and
te the party advocates theories to which
they cannot give their assent. But we
must, IN some way, come together on this
issue or the cause is lost and with it the
Independence of the people. No old party
ever .slr, cafrled through greater reform
therefore no course seems possihle
Dut to subordinate for the time being
otner questions and come together in n
new organization to fight the great battle
OF lS9O on one of the great issues on
which the prosperity and happiness of the
people so largely depends. 1t is believed
that this cause can be won in no other
way and that to continue to contend for
It only within the lines of existing par
Ties IS to court defeat at the outset and
to lose the battle in the end.
Ihe purpose of this movement is not
10 array section against section nor class
against class, nor to require anybody to
give up his convictions on other questions.
or to sever his party relations for any
other purpose than to unite in common
cause, the cause of justice against in
?astce, OF prosperity instead of forced
idleness, or abundance and happiness
instead OF want and misery.
Inere can be no doubt, moreover that
return to the standard Of gold and sill
yer VIII promote in the highest degree
the business interests of the entire coun-
try, while the continuance of the present
pollcy must necessarily be attended by a
further fall in prices, imperilling bust
ness enterprises still more and prolonging
lHeuenhltely the present stagnant condition
of trade and industry.
Better prices under existing circum-
stances cannot be expected. A debtor
nation cannot maintain an even level
OF prices with creditor nations. The sin
gle gold standard can be maintained i'm
the United States only by forcing down the
price level of commodities enough below
the price level of other countries to run
gold this way, or at any rate to Induce
our creditors to take commodities of us
for what we owe them instead Of de-
manding gold. Any policy, therefore. that
| tends to raise prices necessarily operates
to expel gold. This condition of things
| cannot be overcome by tariffs, much less
by free trade.
I'm the payment of annual dues to
other countries we must compete with
other debtor countries, with Argentine,
with Egypt, with India, with all the colo
nies of Great Britain and. worst of all,
with Asiatic races with industries stimu-
lated as never before by the low price of
silver. These conditions, from which there
is no escape as long as the gold standard
policy is pursued, intensfes the gravity of
the situation in this country to such an
extent as to compel the serious attention
of all patriotic citizens. How idle in the
presence of such conditions to expect to
maintain the gold standard by an indef-
mite issue of bonds; and how unwise, if
not reckless, such policy must seem to
thoughtful men everywhere. 1t is esti-
mated that already the rise of gold by
increasing debts has absorbed from $40,-
100000 to $50,000,000 Of the worlds
wealth.
"The Inauguration of a movement for re-
lief from these enthralling conditions
must spring from the people. Politicians
never institute great reforms, and it were
idle to wait for them. This cause is
the cause of the people and, it is be-
lieved, more profoundly concerns the well
fare of the great body of people than any
question since the civil war, If, indeed,
since ouZ independence was gained. So,
in it's ultimate outcome, the question of a
sufiiciency or scarcity of money is ques-
ton of freedom or serfdom for the mass
of the people.
"While not unmindful Of the interests
of the people of other countries in this
question, it is not an issue that can be
safely submittedto the decision of foreign
governments or be made to depend on
what other countries do or may not do.
When our monetary system was estab-
lished over hundred years ago, with a
population of less than 100000, our
fathers did not wait for or invite the
concurrence of other powers.
"Nor did the trainers of the constitu-
! ton contemplate any such action. They
legislated for the United States and we
Ot.~s1.