The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-23

| Il 1,
over our immense territory, calls for m
sIeaslhg changes and thereby demands
an increasing number of dollars In circu-
uuiIon. ihe ipcrcnse In the number OF
u'.'niS MheH do.lars are confined to gold
u ho' sufficiently rapid to meet the growth
OF our exchanges. The consequence ia n
GROWING value Of dollars or n diminishing
saiue OF everything else expressed in dol
.ars, which as TO say. tendency toward
.ohs amy declining prices. The founda-
10, l0n head of our prosperity has run dry.
c 0u1, isiriners all over the country havo
enunfed the dclltossion In prices until
.."y set about S. or 50 per acre for an
INC hdiiure OF $40 per acre aud the Ike
ne cFsdls ~ their country store is ox-
!,,iust'd. sc country sore ceases 10 or
ar IRON the CITY merchant. the city mor-
chant reduces, his demands from the man
T1,,,aeWffr, Misunderstanding is curtaiicd
a ins , Ssilhclncnce is that the employees
cnnrscd ara wages lowered of those who
Hiu --nnt;mund in employment. The suncr-
ms al no farmers. who constitute merry
onc-ha'f of our population. are thus on
forced unon the. city merchant. tic man
utnctnrcr and all forms of labor THESE
rrm,inci clements constitute the over
M S.l,, ns nrloeNy of our voters. Their
,nicl.iseht conclusion viii be fci, when
txpicssHd at the polls. Tho Banker also
u without prosperity unless prosperity
II general Throughout the United States.
ne must learn TO distinguish between The
Sheor money and money cgmmaidng a
low rate oi Interest The dollar worth Two
bushels Of wheat is "A dear dollar and IL
commands interest In Wall street at pres
on' ~ the rage of per cen; per annum
on cal " The dollar ran lie chcapeied by
.hcroa strg the number of dollars so that
.nc'i dollar vail buy less wheat and the
nlcretsiug prices of wheat will increase
the denand for dollars TO invest IN it's
pr"'tieiicn. then me borrower Of dollars
10 invest IN the production ot wheat IN,
ing reasonable sure of pront from that
employ most Of the money can af,ord 10
pay 'nefast tur ITS use. or In other words
interest IS II share of The prufit OF the ON
p.oyment OF money. So that abundant
say really cheap money, is the money
which commands high rate Of interest
as share Of the profit of the borrower
~ using II. We appeal TO the country in
the justice Of our culse. One of two |
poln's Of common inquiry must be salts |
ned rs follows:
the experience of Mexico is held up
for our alarm We answer. first. that !
Mexico Is "A cnnsptcnonsIy prosperous |
country at present. Her increase In man |
~ IN lures, railway earnings and the Ike |
n rrcen' y'ars is phenomenal; second. |
MeS~o Is No criterion for the United |
STATES, for she has tine trade. indebted |
Mes of about 100000 annually in es-
change Of her valuable exports OF cotton.
must he paid for in the surplus product
of her mines Her silver, therefore. goes
abroad rs merchandise aud at n val,luiion
= ise.i by Nc OUTSIDE world The rnNel
WWW.vI Of people. scattered oyer a ierr.-
tory ~ever,een tines the area Of France
q s'ngl" on. of orr railway SYSTEMS. the
Ere, exceeds the aggregate railway mile
are of Mexico. Offers employment tor
money no an aggregate greater than ,he
world spare SILVER Will furnish us. Hence
bur SILVER money al home and abroad will
ne valued as the money Of the Emitted
S'a;e-. fhe opposition threaten US with
| flood of Eprop.nn silver upon our re-
'pened minis. We answer Europe has no
silver but her silver money. Her silver
money valves silver AT from 3 To cents
~ the dollar higher than ours. Hence
No European merchant or banker must
n'nhoe from J 10 I p'r cent OF his full
sfai '"nder money in order to recon /, Mt
ir minis
fnrope'S silverwarc. like A,uerica's sill
erwar'. carries on II The additional value
! labor and the manufl ,turcr.' profit
hey threaten us VIII a hood of silver
rom the East. We answer that ,hr coWrsc
sliNcf Is invariably eastward no ncv5r
oward the west. British India is per-
etuai sink Of silver absorbing II, ro1cr
. return. by from ssp,n)lonl Ia $50 ula 90
.oiih every year. midas absorption OF
liver VIII he enlarged by the siaadiGess
q ihin's. They threaten US with = IA SUD
cn retirement OF sboa cp0 moo Of gold With
ne accolnlWiiNinr panic, cnuS ny contric-
Ion aud commercial dis tst.r unpiral-
Old other than about Sip.nVl.lro or $1h.0l0.- .
70 Circulating ON the Pa life coast, - al
IsitN IN rri'r fn-nt. /,
Practitallv all our gold IS in the United ;
taie' treasury or heA hy banks. The ,
old held in the tr, 4sury VIII renlliu thsfe I
tile secretary avafs himself of hi up f,
on 10 redeem United states potcs ia sill /
tr- Thu gold IN tho banks constitutes /
nc qGic ana undisturhed portion If their
FoTNel AGAINST their Liabilities. 1T will 4
lniiEue To do money duty rs such res rye ,
enc premium. on il VIII not contract !
o currency. IN utmost possible con- +
,5,gGtien oIstha curreney win b. the few
iiions r!rc'la'ee1 IN me l'hciiic coast ana y
VIII hn retired but slowly, I
A similar threat of fight of gold was 7
ade for tho Bland act OF ISIS. President /
ayes was urged to veto 1t, bu' congr,s 50 9
escl II Over the vote. Instead Of n n
ehi Of gold, as had been predicted. we !
lined ly importation 81 0@.e1O The first n
ar, TooMVD the next and saob4p'ohl me II
iri year During the twelve years that %
q ~, was ON fho stptut> hooks we gain r
$2li, pti G6 OF for.lgn gold Instead or 81
g Destruction of orr credit abroai. us
ID bonn predicted tho United tales per y
mt Ion, which stood at ioi on M day Of @
g enactment sold ~ 10 within three Fl
IRIS and at 40 subsequently. d
natnlA Of defeating tho resumption OF 81
g 10 payment, on january of che fol l.
wing var the 2lN'oq op silver dollars , 81
Itch werc coined In 1873 and circulated to
inel1s Of The silver certificates reduced j.
neo rhr tbreat of disaster now = with y,
historic four IN ton, This. too. "a what hi
Il follow tho rsop"n'ng nj our nint- 10
yer The gold ;Jre1dy in tn. treasury 81
II remain there r. common sense die al
IS ,he treasury manaGeEnrnt--tiim' IL, 70
he treasurer oNer fises the option to re-
m Emitted States notes In silver. y III
.nium on gold VIII not occasion Il con-
.,ion Of the currency. hank boards of VI
Il continuing 10 serve ~ a portion of .
TX reserves Against bank liabilities. a
mium on gold VIII tend 10 incrcase our va
,oris by causing high rate of foreign i"
.lpani,r-thnt Is To say by welding ~ tn