San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1895-02-16
CONTRIBUTED SCRAPS


18th inst. sine die.
1t was fine body of men, stout
~ built, active and brimful of en-
ergy and vitality.
George B. Loving, a veteran
newspaper man, in Texas, and an
enthusiastic champion OF the in
terests of Texas stockmen, was on
deck, as secretary and treasurer Of
the convention. He was, empha-
tically, the right man in the right
place.
The stockmen had first class
symposium on Wednesday night,
and drank nothing less divinely
exhililarating than champagne.
Mr.. John j. Stevens was on hand,
and in excellent condition for
waggery and mimicry. He de-
livered three speeches, one in
Chinese, one in Irish and one in
Italian, and was greeted with
cyclone OF rather splitting APP
plause.
He captured the stockmen and
held them spell. bound. They had
never before encountered such a
man, and were charmed with him
and his stories, and when he made
his escape from the scene Of hilari-
ty, they sent forth committees to
search for him and fetch him back
into the scene Of the Notification.
The stockmen were fairly
charmed and delighted with San
Antonio and every one of them re-
GREETED to quit the city. They must
be sure to pay us anOtherVisit, and
to "bring their knitting with
them" San Antonio is partial to
big-hearted, whOle-sOuled fellows
like the stOckmen, and is always
glad to have them in our city.
The attempt to maintain a gold
reserve of Sl00,000,O0O in the treas
ury, is a repetition of the punish
ment of the ,DaniteS-the filling
of a sieve with voter.
The gold reserve is no sooner re-
plenished by the sale of bonds than
IL IL drawn OUT.
No other nation attempts to
maintain a gold reserve. England
keeps no gold reserve. France
maintains no gold reserve. The
bank Of England, an incorporated
banking company, attends to all
such matters.
The bank Of France, also, an in
corporated banking company, re-
gulates the supply of gold and
silver, and pays drafts on it, in
silver, when its stock Of gold be-
comes reduced.
Prior to 1870 the United States
never bothered itself about main
tanning a gold reserve in the treas
ury, and left gold and silver to take
their chances in the money mark
cts. In 1857. silver commanded a
premium Of 5 per cent over gold in
the United States, among brokers
and money dealers; but this cir
cumstance inspired no uneasiness
and created no panic in the country.
1t is not croditablc to the United
States, in a season of profound
peace, to issue gold bonds to
foreign money dealers, to raise a
supply of gold.
Senator John Sherman, who is
a philosophic statesman and one
of the best posted men in the
Union, on financial questions, has
stated, that he has always been a
bimetalist and in favor Of gold
and silver.
The United States cannot, with
either safety or self-respect, con-
tinue issuing bonds, payable in
gold, in order TO replenish the gold
reserve, which will not stay re-
plenished.
Tom Reed occupies similar po-
sition and there is quite strong
probability that the Republican
party will enact a law for silver
coinage, under such safe guards as
will give satisfaction to the cOun-
try and stop the scramble for gold.
No, patriotic American wishes
our country to be borrowing $780,
100000 of gold from a syndicate of
foreign money lenders. Borrow
from our own people at home and
keep principal and interest.