The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-05-07

single gold standard. Headed by the
president and secretary of the treasury
they have stopped the coinage of silver
dollars and run the government with bond
issues, and the Republican administration
in 1890 prohibited the further coinage of
gold dollars and ordered them all taken
up and coined into larger pieces. So we
are confronted with the strange specta
Gle of having our minis closed to the coin
age of both gold and silver dollars. Hon
esty, good sense, patriotism, justice, de-
| mand that this condition be changed. Do
L understand you to say that the coinage
of gold dollars has not been prohibited?
WE'LL now, how can | convince you of
your error? Will you take the law for it?
Here it is-read it for yourself. 1t is as
follows:
BE it enacted by the senate and house
of representatives of the United States
of America in congress assembled, That
| from and after the passage If this act
| the coinage of the So gold pice, the 81
gold piece, and the Scent nickel pice be
and the same is hereby prohibited and
the pieces named shall not be struck or
| issued by the mint of the United States.
Sec. 2. That as fast as the said coins
| shall be paid into the treasury of the Unit
| ed States they shall be withdrawn from
| circulation and be recoined into other de-
nominations of coins.
| Sec. 3. That all laws and parts of
laws in conflict with this act are hereby
repealed"
(Act of congress, September 20, 1890
See Coinage Laws, p. 49,
| We hear great deal about the gold
dollar being the unit of yalue-the meas
ure of value-the infexible, staple, yard
stick" If we are to depend on it as the
| measure or unit of value or as this much
discussed yard stick" then we must do
without measure. Long ago it has been
destroyed and is no longer in existence.
| Honest money Democrats want it recon-
| structed, resurrected, its coinage contin-
ued, and returned to the people alongside
of its old time mate and associate, the sill
yer dollar. government without either
gold or silver dollars is without any dol
lars. To be thus without dollars is a
pitful condition, void of reason or excuse.
As fast as the gold dollars are paid into
the treasury they are moulded into other
coins. This is the law. And this ac-
counts for the fact that we have compare
lively no gold dollars in circulation. The
government has moulded them into larger
pieces. No one wants silver moulded into
larger nor gold into smaller denominations
than dollar pieces. Dollar pieces are out
lawed. Shall we permit this condition to
remain? If so, why? | am confident
| lltu WIN GALL tIelllSelNeS SOlIlu
money Democrats" do not know that such
is the law. They have been misled Now
reason with them. Treat them with re-
spect and consideration, and they will yet
change and vote and work for honest
money-the money of the constitution
the money of the fathers-the debt pay
ing money-silver and gold at the ratio of
IL to l.
| could demonstrate, as other speakers
have DONE that the annual interest on
the English and French public debts
alone demands more gold than the annual
output of that metal from every mine and
mint in the whole world; that the state,
municipal and railway bond debts in the
United States amount now to more than
all the silver and gold out of the ground
in the world, and that it would take the
whole annual output of the two metals to
pay the interest charges on these debts;
that scarce money, as scarce corn, makes
the remaining article high; that con-
tracted currency produces bankruptcy,
pauperizes labor and leads to crime. But
l must close with the repeated statement
of what | understand to be the issue now
upon us, which can not, should
not, must not be lodged or
evaded "Shall the United States
pay their debts according to contract?
If the people will answer this in the
affirmative. then it carries with it the
rightful, the honest, the logical result
that we shall have the Independent, the
unlimited. the undiscriminating, the free
coinage of both silver and gold at the
ratio of 16 to by the United States gov
eminent.
To get the sense of this vast audience
| shall here put each of these resolutions
to IA vote. All who favor the adoption
| ,,c, No I savn' and rigp
All who oppose it, say may" and rise.
The resolution is carried unanimously.
All those who favor the adoption of reso-
luton No. .. say AYE" and rise (Nearly
everybody rises. All who oppose it, say
may" and rise. "a very small number
against it,. The resolution is carried al
most without dissent.
All who favor resolution No. B. say
"aye" and rise. Look how the people
stand up on this question: They can not
be counted. All who oppose it, say
"nay" and rise. Count them, Mr.. Re
porters. This resolution is also carried
by almost unanimous vote
Such will be the result before an au-
dience of the masses of every issue GouT::' =
ing in honesty against repudiation-ir
justice against crime. Let Democrats
remain together and settle their family
differences in the house of the fathers.
On the subject of the state government
Mr.. Hogg said:
We have an able, honest, clean, ecc'
nomical state administration. Govcgnc'
Cuiberson is TIE equal of any chief mag
istrate who has ever flied the executive
chair. and | am for him and his asso-
GATES unequivocally, unstintingly, freely,
openly and above board for election.
They deserve. as they cordially have,
the confidence, the respect and affection
of the people, who will see that they are
triumphantly returned to their present
positions of honor and trust.
AS to himself he said:
"My professional engagements require
so much of my time that | must refrain
from making other speeches until the fail
campaign. Then | shall go to the hust-
irgs in support of the Democratic ticket
from top to bottom, and do what | can
bonorably and without bitterness or per-
sonalites for the success of the party.
The people have been good to me, and /!
shall remain loyal to them. When /
closed my second term as governor. my
ambition for official honors was fully
satisfied. No other official position do
| want. nor is it my desire or intention
to ever aspire to another political ONCE;
Mind you, do not say that ! never VIII
become candidate again for the peo-
pies suffrages. | am under no oDrga,,
Il 4 In. N m