The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-30

sol.
hllsnt even be made into a frying pan
80 ~ receive tho fat OF MIR. McKinley's
a',enus. but II surely would no, be worth
as q commodity.
but the world Is not going TO d!scon-
.'iIue IN" use OF gold as II money metal
~ we hlhl~iailists who plead the cause
OF SILVER are bimetallists In fact and VIII
prevent IT, But you must see that with
our statutory supper, the boosted Intrinsic
Vhiue would soon disappear or. to put
ne olse less strongly; suppose Grear
pr am. Germany. France and the United
SECS, only four out of al the great ma
IONS OF the world, We're to say that after
January l, 1897, an ounce of gold should
mint would not MIR. Cochran. II he had an
ounce OF the precious metal. intending to
hoard II. rs seems the custom OF people
VINO do own it, be In danger of losing II
snIllnES pence 10y becoming a misery
In considering this question we find an
apparent contradiction of the law OF sup
ply and demand
The production of gold has almost
doubled In the asst ten years and each
year witnesses an enormous increase. Tho
commerce of the world though II grow
nrodigiously. has not increased in any
thing Ike the same proportion, yet gold
remains at the fixed ratio of pounds, II
shlll ngs pence the ounce.
Now, " the QuantitAuive theory cuts a
ngure with one metal why should II not
do so with The other? The answer is plain,
~, !. l0 az "''iln4'V' u'lliat'u ~ ~" ~
It's price IN the markets as we'll. Given
an uni nited demand for silver at the
,n''.,s, anu HNeMlSa Tvs MINT price """iu
We ''e P''e' ''s'"'..e'
Take away from gold its unlimited de-
mand at the minis at fixed price, and
il. like silver. would hgure in our market
,,,,,,.
reports
can not believe otherwise than that
silver. essentially and historlca,ly n money
80, =, -, ,..,,,,.,,,,o ,.I,h ,,,a ,a
,''N''' % e'i'''' '"', '""o "'Ni 80 ~
have US prise fixed also at the mnts. and
that that price will be recognized In the
rorl,o,s ., tho vor,a Ana 7 h.,f,eve A.,
". INV ''' -
Tho American people do only per cent
~ thot, t,,stro,., .,,.,.,ad rho,, IA az nav
- ".' my
Scil' OF II among themselves. W e haIr
the country SILVER is the money OF the
people. Ii enters INTO circulation ana does
actuai work while gold lies hidden away
IN the vaults OF the bankers As Senator
ingalls, mas e!oquentIy SAID tolu Is sehsi-
tive. and shrnks at the approach of dan
ger. aud whenever II is most needed II
dlsarpeaGs. But silver Is me money o,
me people. ~ Is the money ol waHss ana
retal. Its tendency is toward dlnuslon
and dissemination. 1t enters into the
minute concerns Of traffic and Is eNchang-
ed dny by day for daily bread. IL rene
and its abundance, hulk and small sub
div sion prevents It's deportation In sum
Client amounts to disturb or unsettle
values"
rfft;y are the words of distinguished
man who. in ma heart. dlapproves Of the
money policy OF the republican parry ana
insists thai the tariff is the only issue this
wear
What was sound politcaa economy two
or three, o. ten years aso. Is sruud POI
U,iraI economy nov \ few years ago
scn1ior shrrmgu s,id he ''hud not anticip-
80 80. L.. ,tF ala v.ht,,h hnb occurred &"
u - ,,v s,,,,b,,. ",rhts Uncertainty Of
he ~ ~ hoty,o tho two metals Is one
w 20, , 49,, ir f,vor If tho
vi tne VIM t,ii, law NM nther argument
~ cfSer, unon indus
showing the udususp 90 ,',.,,nus metals
Try 10y dropplns one .. w NV. on,vea h in
from me STANDARD 9l N" ai,ter;,nns 20 tho
my mlnd an tnvoi e''o"'
At the limo that Senator sherman VIZ" nooe
this eternal truth ne was hi tal WY 70
pie and not so near the syiiiV"'es
ply TO his remarks ABOUT tne nv ~,
Of the relation between me TWO liie'"'7
we point 20 the fants OF nlslerN, 49,, .,,,u,,
In the decade from 1901 10 lslo me "ollu
49, n