The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-05

wages have risen more than 60 per cent
since lsvo. See the ingenuity OF this and
ASK yourselves whether this is a far way
OF representing that question. Aii the
word knows that wNges have nearly
uIoupied since 1850. The question .s. how
nave wages boon affected by the fact that
TINS country and Europe demonetized sill
yer and reduced the volume Of money in
inc tre world between 1873 and 1874? Had he
wages for say twelve years prior 10 the
GENERAL decentralization with wages for
tWSive years after that general deinone-
uzatlon was accomplished
rms subject of wngcs was carefully in
luired into, In the year 1871, by a COM
mittee appointed by the United states
;s n,sI,,, rms committee made a thorough
investigation John q. Carlisle, the pres
eht secretary Of the treasury, was mem
leI OF mat committee. II made IA lung
wae5 nj. re ana ara L showed that he
uonnlcu, ana then the report says: After
40 there was marked falling off" The
r rl goes on and shows that toward
ny point they had recently illlcn to,
pdt never reached the point they had oc.
cupied before. and that soon thereafter IA
uccline set In which continued
, MT Schur2 WAS once a member of the
nni'ci states senate, and the invest ga.
,io aa ny tnls committee on the subject Of
IMe"g En mus must nave atlraeted his attention.
u ne was thorough In his investigation
ne must have seen this report Had he
bcen thoroughly cnndid he would not have
,ried TO make the impression that be
,duse wages mad risen between 1861 and
70 therefore they were still as high as
tney ever were. The fact Is that there
was u great fall IN wages between 1873
md 1850 there was u slight rally In 1850
que 10 causes which | Will explain pres
Uhtly. rms lasted Tor compaiat vely
snort TINE. and since that time there har
ara prices must, on the average go hand
III MANI. Dlho. creates property. if prop
eriy must Ire sold for low prices, then
labcr ctn nor he paid high wages for Gre
hufg 1t. ms is aN!tmatic.
MCKINLEY ON DEAR MONEY.
Let me read to you what Major Me
k'hi said ON this subject in 1897 during
the pfesiuental campaign, when he was
speaking Of Grover CleNeland./
purlng all his years at the/head of the
government he was d.shonsr4ng one of
our precious metals. one OF 0ur great roo
Iucts, discreGltng silver/and e.nanc ny
tne price OF gOiu. lie /enueavOrcd even
before his inauguration TO office to stop
ware, ana to the end OF ms adnl.ufstra-
Lon, persisiently used his power TO that
emu lie was determined to contract the
ctculat.ng medium, demo@etize one of the
coins OF commerce, and limit the volume
pi money among the people. make money
sta lce ana therefore dear. tie would have
Increased the value of money and dlm.n-
lShru inc value Of everything else money
the master and everything ese It's servant
h lie was not th.nking of me poor then, he
hap lett their size, he was not standing
forth IN their defense. Cheap coats, cheap
labor and dear money The ep1nsor and
nrrm9ter OF those professin TO stand
suarn over the poor ana lowly Was
mere ever more giirng Inconsistency or
reckless assumption? He believes that
poverty is blessing to be rromoted and
enc uraEef, and that shrlnkaEe n every
ton"
This IS what Mr. Mckinley, speaking to
the 0h!c Republican League. said about
our president. Grover Cleveland. Mr.. Me
kinney was right then, but wrong now
ana the other gentleman has been wrong
all the time.
You notice that the major distinctly rec
osnizes tine principle that Accommodating
silver tended TO make money scarce and
dear, and that dcar mcney meant low
means hard times and poverty.
BOND SALES
But perhaps the strangest part OF the
speech is that which emphatically indore,s
and commends the hond-isst'ng policy Of
the present administration. ! ask you to
consider this moment During times of
profound peace in less than four years
the National debt of this country has
been increased 500 oOo,00Q. not to support
the government for President Cleveland
declared expressly that this was not
needed to support the government as tn.,v
current expenses II was doae Tor The
sole purpose OF maintaining the gold
standard by the government, and of pay
ing gplt on Obj cations which on their
face were payable, not in gold. but in
CON, which meant that they could be
la.d In either metal which the debtor.
that IS the government might select. This
has been the law and the practice for
centuries, and the governments OF Eu-
rope always act upon II.
Mr.. Schur2 suggests no change or policy
ana he offers no remedy; therefore, the
existing conditions are 20 be continued,
and II II was necessary to issue S26oU11. 90
OF bonds in the last three years. we are
warranted in assuming that 10 VIII be
necessary to issue "A similar amount In
the next three years. ana that this will
continue to 20 on. Do you think that this
is the right policy for our government to
pursue? Every time Il bond is issued tho
oprros.'on of the men who toil is In
produced in tho banks or in the offices of
the cities 1t has to come out of the
industry of the country. 1t has to come
from the products OF country. and the
products of a country are created by the
men who nol. The men who make and
cultivate farms. who build and operate
men who do the work OF the land, the
men who make orr civilization possible.
For ! say to You that swallow-tail coats
and big shirt fronts never Yet laid the
foundation OF empire. purple and fine hnen
never yot built n mighty Staie. Perfumed
and bright ncclstes are not
Inn forces lhat sustain me nag ci our
country in time of peril The people who
have 10 pay the interest on these bonds
and ultimately have to pay the principal.
whose sweat and whose toll has to pro-
duce the product to do It. derive not one
farhng's benefit from these bonds. The
men who get the benefit OF these bond
issues ara thc class OF people who man
age by the aid of government To HEX the !
cream and devour the fruit of other mems
industry. Let the American people follow |
the suggestions of Nj. ScnIrz and our |
Win become a bond-issuing conn |
try In perpetuity. and the further down |
the vista of Time uhat the American patriot !
plances the darker will be the cloud an. |
the heavier will be the burden which has |
children must face.
HAS NOT WITHDRAWN.
Tom Watson Will Continue in the Race