The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-15

retire all the srecnbacks By holding them
in the treasury at the cost of outstanding
interest bearing bonds, a plan which MIR,
Carlisle had characterized AS the most
remarkable experiment suggested IN mod
ern times"
Coming down to the practical question
whether the United States Independently
could maintain the parity between silver
and gold, he said there WAS no difference
OF opinion that II could be accomplished
by an international agreement. As
matter OF fact France had maintained
the parity for seventy years. II four or
i've countries could maintain parity, 1t
was conceded that law could effect the
result. How powerful must IL state be
then to effect that result
He quoted from Jackson and Jefferson
and contemptuously snid IT had remained
FOR modern economists to assert That TO
create demand and value by law was Il
physical and a metaphysical absurdity."
lie also quoted Mr.. sherman and Mr
Carlisle (whilc he was in the housed 10
the effect that the united action oil several
countries could sustain silver AS to tho
ability Of the United States TO do go alone,
the example of France, "A country infinite
ly inferior in wealth and trade to MS, must
be borne In mind, our commerce. internal
and external, exceeded that of England,
Germany and France combined, and our
resources were as yet undcveloped. our
population exceeds either of those three
countries. If our m'ntS were open to tho
free coinage Of silver the commercial value
of the metal would be equal to It's legal
value i'll this country because any one
having il2i2 grains could bring 1t mere and
get standard dollars worth of commodi-
ties. In this connection he went some
what extensively into figures to show tnat
there had been no oyerproduction OF sill
Yer.
In conclusion MIR. Crisp declared that If
the United States would but assert It's
political and financial independence pros
nprttN would return md cont the
petual heritage OF our people
Mr. Crisp spoke an hour and half and
WAS literally npplaudcd when he sat
down.
Mr. Turner (pcm., Cal was then at
the request Of MIR Dingley, recognized
for an hour
pretend to be actuatod by greater cour-
age nor did he assume wisd0m beyond
state opinions that mad been SLOWLY and
ca rofuIiv formed and nc shnuld suhmiI
them with Inc greatest resncct for those
who differed Win him, lie cApounded OK
haustivalv with cofIei,s illustrations from
orr h5storv 0;resl,em's inwt maj when,
ever an aitempt was made to circulate
ooncurr,nily Two metals OF different
values, the cheaper metal would always
drive mo dear,r out Of circuiniion lie
then ndragsed himself IN The n1,esiion
whether tho United States Independently
could restore tho parity Of gold and silver.
10 human tribunal. lie would summon
Mexico and China where silver was coin
ed and was worth its commercial value.
st,iniinp or thc East ulgt feeling her
strength and lust about to abandon the
.xploded theories of silver recommendation
on the other hand ns witneaseg ngnlngt
this theory no woiild summon III. cult
vafed md enlightensd countries of the
world1England' Germany, Russia, Aus.
tria and France. Those had all closed
closed their mirts 10 silver
prOcppuiug he took M the Bland ALI
son and sherman silver laws, under which
t4bj 601 O)0 of silver had been coined Yet
thoeo laws had not impaired value to sill
ver for its value had zone down aud
down and down until India, that great
driven Tho final nail In the coffin OF sil-
vcr Nv closing her minis. There were four
billions of dollars of silver In the world,
according to the report Of the director OF
the mini over 1000 900 900 had been coined
by tho countries OF the world. II liberal
use Of silver or legal enactment couli
pricr in view OF these facts gone down
steadily?
the Mr er5a ur" nam MsS abroad that stood for
The gold standard when Mr.. ferry Dem
Ark. interrupted him.
1.-THE German relchstag has declared
mon people of England favor bimetallism.
OF course the Rothschilds are for the
gold standard They hold a mortgage OH
evorythiup in Europe as they hold re-
ceivSrship of the United States treasury
(Applatse)
"Mr. Ralfour, the most conspi.uouns, d.
mctallst IN England. replied Mr. uf-
alone could not enter on bimetalllsm and