The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-07

| ity of the free coinage OF an undcrva'ued
| mcinl. No coinage of American dolars,
and 70 the revision dropped that coin,
Az somc ono has snid that act was tho
'piNiph of what was not By that ac.
NV collar less IN circulaiiou no con-
faction of the currency rho oniv
t'v"i silver coinas. viz. OF unIcr
Wn'kh' subsidiary coins went on na no
iofr Even ir ar unwisc ,n,stoxo hn,
n,Vii made Il only needed TO bc corrected
-."r,r ,,aye ,s i ;Ssas -
ne untold hnulShips and ,uiseri.s 4, ,h.s
financial world ara to be attributed I"
, me harmless act of 1871. No reciify this
imagined evil of contraction of ,bc c,,r
tency. In ISIS enforced cotnaue of s,iwe.
,ioiiurt was ,lecronJ and now we havc
,'''u over sanlnfp@ 600 of silver dollars added
nm ~ wv, ''rruiat,oia nnd y.t sil,cr has been
and only about s6o.Uio.o 900 OF Tho siiwer
aoila,n could be kept in cllcun,oi, ok
.epi lay silver certificates ,Shicf1 nirht =.
wel be issued on silver biilion liars
ANA now for the delusiOu. Did not tina
con- tuition TX upon silver and gold an
,ht metals for coinagc? Veg Dut there
~ hpihlnH nhoni u to nor il To in tho
constitution. The basis for n ratio was
npr'"1 upon by congressional notion and
WAS the relative bullion value. hrs, Il 10
]. and when that WIS found imprsci icabio
10 Ia J, and Ihcn fall and Il .uspension
81 hlIStt '"inhse ~ II was OF no uae TX
cnrt for brokers and exporters Of bullion
\ niiN"r dollar worth over 100 cents In
bullion went ia Europe or INTO the melt
ing pot. iho necessities Of small over
valued coins for change keeps such coins
/ IN circulation with hut siuall legal len
der quality. An our money transactions
are ana nave been since redemption of
specie payments on tho gold dollar 1t
haT been estimated that the interests in
VOWED IA WAGES. savings. insurance land
sh'es, salaries md railroad indebtedness
which alone amounts to Sc 900 900 900 arc
In bilionh upon billions Should unlimited
cninnR" OF silver ~ li Ia ] 40 into effect
y"o-oo~p OF gold would be Withdrawn
from cremation. even the present per-
HiAtcnt agitation aud demand Tor silver
coinage N " TO has load to much hoard
ms of gold We shosild lind ourselves
Win silver coins worth Mt home or abroad
only thclr bullion Ynlue, or debts, wages,
saiaiiea, Get, scaled down about one-half.
as tn Mexico and other unlimited silver
nationi Yer, and We hive become SO by
keeping In company with the great COM
icrcial lcahing nations We have re-
sorieh 10 the use Of the mos, slnblc ana
best money in the world. The amount
of coined money necensaiy for large and
even every day operations is wonderfully
reduced owing TO uss of bnnk checks.
Tho main question ar TO money now Is.
not how much t. IN circulation. but now
good ~ H. II gold. or good MS gold. that
r. enough. Even rene o. ths most Oh.
their rents and debts being paid In
god
whom for hundred and twenty years
the relative bullion value between gold
ana silver had varied but very slightly
II IL moi surprising that 10 TO ! nnl then
10 90 were rosortoi 20. but when that
would not do II virtual monomentalism
was tho result owing IN part 10 the attl-
4 tnde of European nations and IN phrt 10
| the Increased output OF silver mines why
stupidity and siubbornly strive Tor tna
| Impossible?
n have" exclaimed tho immortal PAT.
rick Henry hut ono lump by which my
| feet are guided. and that ~ the lamp OF
sHperienrc. ! know OF no way or Judging
Of the future bu, by the past" II were
well " some. IN no wise noted Tor hnnn-
clal wisdom. but who 1ie aapiiins Io.
political prominence, would consider wei
Inc suggestion of Patrick Henry -.