The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-01
TEXAS POLITICAL NOTES.
Everything Shows That Democrac,
Is Successful.
OPPOSITION MELTING FAST AWAY.


who Is at present in London. ,.onrraie,lat.
ing him ami the othar homes, men who
contributed towards bringing about the
results obtained at the Ch.cago coaven.
tisn. Mr.. Mo,lcr also sends the Judge the
Following clipping from the financial COL
unn of The London Times. which shows
that even in ''plut9cratic" England there
Is more sense OF justice among the jour
nalstic exronents Of the gold standard
idea than among their in,oleran. and UNI
fair American contemporaries;
| "Alea jacta est Chicago has spcken
and a sound, assai ed.y OF ~ uncerltin or
! doubtful character has gone ont from
that vast center OF political activity INA,
| not say the whole business word but AL
| least through the cap.tallsac portion OF
a. Here for the first time has Il great
ralsea the standard OF financial revcIt
and proclaimed. amid the most enthus.ns-
| nc SneerinE. monetary principles winch
! 60 the Well educated dapltaiist must APP
! pear 70 he iit,le short of fmanciai bias
/ phcmy. All that the Right Reverend
MIR Steau wrote about Chicago, and
| VII ch very many folks at the time Ne
ghfdcd al some what ne ceSsar.ly harsh.
VIII now, ] fancy, ia considered as far
lo9 leneht by those who gaze upon Trans
! atiaht events through creditor specta-
| Giles, and pass iudgmeut On khe ur,ted
Stalos from tho e.cvated monometal.ic
tlbune Of super enlightened Lombard
STREE. As nigh, naturally lie expected.
OUT vNtuouE presT-ihat true champion
and honest exponent Of capital.stic puri-
! ~ has hurisi it's hcaV tst Nitupcrative
| bolts at the Chicago convention and It's
works. while smorting under the convic-
| ton hat lis representatives, on tho other
SIDE of the Atlantic have been an m ere or
/ less caught mapping IN ,much as they
| entirely failed to prepare the tnClish pub
] lic for that tremendous change ~ auinion
which WAS going on all over the Amcri-
can continent and which they might
most easily have detected had ,noy
( ices of bankers and stockholders and
! IN" hniechamhci> II ppNtlciHus. aud
stepped down boldly among Tie people
WITH NoHs htycnd tho reach Of Wall
/. The question OF whether tho chicago
/ req buttons ~ epcch-makng and Trough,
are--wlll secure n majority Of votes at the
! next election. ~ wait another four years
for the triumph which strongly suspcct
| Mlll ultimately attend them, IS undoubted-
! lN an oren one. But In any case. am
| rot at All disposed to lock upon them a.
SO disastrous 10 the financial wel,-boing
4 of The United States ey 10 those credu-
/ lcus readers OF newspapers who contract.
as 1t We're, Tor Their ihif ing win the r
| faVcrite "daihcs" which whether liberal
| or cciservative. have for the past year
or so never tired Of assuring their read
ers a. breakfast lime thnt rs'urnirg pros
/ pcritv had converted Killed. or most ef-
| fcctu8'ly silanced the last remaining "sil-
verite' or himeilllist In America. It
seems t. ~" that there Is a manifest
! i"', ~ no 10 f'sHN itt ~ " 'Fi'
| sale Journalistic structures which have
leen passed up,n the Chicago resohtions
| inasmIch as that they have been cri'i-
! c,fcd solely from an English standpo nj.
surely there is somethnr to bo said on
! tho either side; lei, me. then. endcaVor %
question for once from purely Ameri-
can point OF view. Now. what docs he
S4:c91go PlailoI, M, No., feally sat iot s
! 10th gold and $ ver. at the raul Of iG 10
! ]; into legal tender This was [ take IT,
| tho very law which existed In he United
/ states from the time they separated from
England until ls73 Even in this latter
year, the law. as Is well known. was not
cpeniy altered. but was an! tiv set aside
on the occasion. and under cov,r. %
! "codGicauor" II the RETURN TO the for
ner, system is conttngency, SO much 70
nous advantage ut IS put form IN t1e
states these capitalists must have Ae-
rived from the alteration which crep, 'n
ton or discuss.on. Of which President
Grant later on. stated Re had no idea
Shsn he signed the law snd witch tse
introduced FOR corrupt Purposes by bribod
reprc sent3tiVcs
If that alteration had never b.on inadc
silver would never have ceased to he legal
tender in tha Inited States any moro than
| II has ceased to b. legal tender in thu
neighboring Republic Of Mexico. whose
never been called into question To fume
and frrt, then. as most OF the English
rfItics 40. ara 10 tank OF IlsnonesfN ana
reputation II the United StNes choose o
return to their former trcdfional moEe-
tary state, aeems In most American eyes
TO be FIAT burglary II not downright In
suit No doubt many things have hap
penea since 1873 among others. silver has
d urecia.ed. hut no enc can say how
much % this depreciation 81 due to the
withdrawal OF the right OF free coinage In
the United States and Ina. and should
tho democrats be callel into power The
city viii have the opportunity OF discov-
ering hor great the rise I'm the prico OF
silver viii I've when one. or PERHAPS both !
Of the9e mints are reonened This IS what
the majority of Americans think on the
subiect--no,. admit, the majority IN New
York. which in sentiment and interests t. |
undoul 7eIlv the least American Of the
cities In the United States. That England
would suffer from the free coinage Of sill |
Yer in tho states is unquestsOnably true
she would greatly suffer financially and
industrially, But we can scarcely expect
foreign nations TO regulate sheir currency
policy by our convenience. We lid not
ASK permission rom INC Amerlc3rs or
nlints TO silver. nor ala the Germans ask
the English parliament whether II cyI
sho uld Introduce the gold standard or not. |
II Is az yet much too early 10 speculate |
on the probable trend Of events In the
United States We have in the meantime.
however. gained one great thiug-we have
a, least clsar issue before US. We shall
no longer see a Cleveland hluntlv and OBJ
siindtely sitting on the currency safety
valve while cndsav1ring 10 doctor up n
famished gold recommendation by strong
Intermittent doses OF foreign loans nor
will there any longer be a whitney hand
some. fascinating, pcrsuls iVc. oily Mr.
whitney,. play the dipIomatist between
the contcnfng factions of a disunited
party The first bro ~ Of a popular tenn
pcs, has brushed such men az these away
together with all financial cobwebs We
now hear the clear ring ~ definite ideas
in place Of the Oh moro,onous drone OF
subterfuges and meauir gless platitules
do not share the fear somewhat freely
yprestsed. that this question uf currency
may eventually lra1 TO civil war--not but
what the question is nearly as vital rs
ever was that Of slavery. bun II Is not as
soriimcnfal--and then. again money
h1gs" avoid fighting. or II they do fight
they usually make n mess OF II as ma |
those capitalist SPECTATORS who ''enri- |
nsered" the Jameson raid and brought |
about an the existing trouble In south !
Africa No. fighting on t'Fs issue World |
nsan from he american Point OF view |
enthusiasm for fire. iom and hatred Of
tyranny on the one side and mere "monay'i |
on the other, ami the issue OF such a |
struggle could never he In doubt for a |
all likely to take place. But. whatever |