The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-31

''Vi'tS'"iu' leNas, August H.-Thcre
can be no doubt that Senator sherman
President Cleveland and their followers
though politically reluctant TO pronoupco
themselves outright gold monometantsts
are in verify such. Their treatment Of
the great financial question now pendinc
proves this conclusively. In fact If il
clear that the true intention of the load
ers OF the republican as well as the sound
money party is to prevent silver from over
being reinslated as primary money. They
are resolved to follow the lead of Eu-
ropean powers in betraying the cause OF
silver to the bitter end.
From Senator Sherman we were iu.-
tlned IN expecting "a frank. comprehensive
ana statesmdnlikc exposition Of his stand
polnt, we We're prepared to listen re-
weighty reasons that had power TO sway
me judgment of such man I'm favor n,
the single gold STANDARD.
We regret TO say that instead of weighty
reasons, he offers only willtul mi-rSur,.-
sentations, and shallow conclusions Ills
ono speech, with which he opened the
campaign against the Chicago platform
instead of meeting with crushing counter
arguments the mastery defense of in
dependent bimetallism by our presidential
nominee. eNadcs taking any notice what
ever OF the distressing economical condi-
iohs Which are driving our people TO
demand the reinstatement of silver lie
does not shrink from basinE his argument
hgHlnst SILVER on papably false pre- Jump
IONS ana ne appeals from his plulocratic
s,aiui'oiht With an TOO transparent dem
aEogy to the prejudices Of pensioners
annHltants and wage eaincrs
Incredible as 1t seems from so eminent
nhanGial expert he dares to maintain
mat the nuctuation OF value between
gold ana Silver can not he prevented bv
law that 1T is beyond the reach OF
legis'atton.' Now, it is mnthomaiically
certain mat II a nation determines 10
receive all the silver and all the gold
oncfod al its mints at certain ratio.
making monetary use of both metals
without discrimination against either
that Under these condition the established
ratio VIII be sieadfastly maintained nm.
less the demand for either metal by other
nations comes to be overwhchn.n4ly in
FAVOR ot one or the other Legislation by
creating predominant demand for ali
SILVER At definite ratio 10 gold settle
herewith Its market price And w in
V" ing II with fun legal tender capacity.
IL mes the adopted ratio without a pos
SHINY OF serious iuctuatlon.
This theoretical operation WAS nut IN
INC SeNcrtSt practical test on a largo
schie' ana under the most trying con.i-
lions, when France alone silccoelod i'm
MAINTAINING dnrlns a number Of years.
through the flee ana unlimited coinagc of
noun metals, ucir parity at the ratio OF
TO- TO l., me respective production If the
]
more silver to more than twice more
gold In the face of this well known ana
MOI striking example. how rcky OF
S ;'a sherman to cody declare tha,
and silver can not be prevented 10y laW.
ShFer moneY nor invcstc1 by lcgisla
ton with the fun legal tender capacity,
IN" more plentiful IT circul ties, tho more
readily Will II part company with gold,
the more difficult it will he to mlintain r.,
iHhiy with sold, and the more mpossi-
| bic to control IT'S marke, value
! Solely to legal discrimination against
/ the silver purchased in compliance Win
/ the sherman act was due the danger
/ that compelled It's rereal IN an oytga ses-
forcihly pointed out this same policy
which by discriminating in favor Of gold
has also caused the gold reserve 20 ho
ralded. and the country to he hur1cncd
/ with an additional Indebtedness of "A quar-
! ter Of billion dollars; this same policy
would force US consistently, as self-ie-
Tense against gold raiders. not only to
re,ire all grcenhacks from circulation, but
lead inevitably to the creation of a Ma
tional bank currency administered I'm lor
the single gold standard. This in plain
! terms is wha, sound money" would mean
to lis.
/ or course, IL order that bmctallism may
be efficiently maintained. the supply OF
liver or of gold to our mints must not
exceed our power 10 make monetary use
teniton against independent bimetoliism
is ia I've found in ,hc honest do,,ht -" ~
ibc ohiIi,v Of The T-nitnd sfato. "iooo o
fritfuliy to Goat all the silver likely tc
| I've orfores M its minis un.ier FREQ "oirarc
W. vet' J,i bonn,,a f 10y noI'l'sS
that the vast iniernai commerce Of Inc Inc
ta,i,ficia, NiulbaW IA nr1o,,r' -, 80
as mnrh as hat hat of ali other nation, COM
bined: that thi, immense internal com
~ ~ ,bt now, a. NJ
hbsorb withoa, Imitation, ana 1wii't,6o9
| SU' ig, 70 o,'r 49,, ~ e.l
Coinage s ''
Senator sherman maintains furthermorS
mrodTetion ,,o If silver in in the Trltcd st5'cI
vwhich has reduced the market va he OF
liver 2nlo4 eoh'H,5c u, , NE 'lISsr 1ot
DOS not deserve { 70 be salled awilifa
ml,rebp rs h,n.eIf assiduousiv beinnd r.,