The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-15

publication or utterance OF mine to learn
that | favored a single standard. The ar
tlcle he is replying to, published March J,
holds plainly to the gold standard, with
limited silver coinage, and Mr. Dudley VIII
find in every speech / have made ] have
declared for actual bimetallsm and against
the so-called double standard, because II
means actual mouometalism of the cheap
err metal To a few men this idea is in
comprehensive. to them history gives no
lesson They are stuffed with one idea,
that is that Il statute declarilf> Tor a
double standard These men think Mexico
has a double standard today, because she
has a law authorizing the free and unlim-
tied coinage of both gold and silver at the
ratio of 1917 of silver to OF gold And this
is Dudley's double standard, this is his bi-
meNgnlsm, hut In fact no gold is coined Or
circulated by Mexico ana silver alone Is
coined aud circulated there. And THIS as
what call monometallsm. And, further,
every article sold is priced In silver ana
every contract is based upon silver unless
gold is specially stipulated Ana ms ~
what | call the silver standard.
A great many sound money men BE-
lieve that by making the coinage ratio
correspond exactly with the coHnerclhi
ratio. or by international agreement free
coinage ratio can be fixed, which VIII keep
tho commercial ratio fixed. Among these
latter | understand Mr.. Cleveland to ne
If this can he done, then there might ne
free coinage of both metals without a pro
MUM on either, and consequently double
standard and actual concurrent circulation
of both metals under free and unlimited
coinage of both. Thousands Of SOUND
money men think this can DO done in
this | differ from them. In my judgment
II Is as impossible to dx the relative value
of gold and silver by National or lntefha-
tional law as II is that of corn ana wheat
Hut the sound money men who diher from
mo and those who agree with me on TINS
noint. both want The actual circulation ol
both metals ANA the parity maintained OF
every dollar with every other dollar, ana
Vthls we call bimetallism.
All sound money men want no SCALING OF
wages or salaries or debts by law lhey
want no law that enables obligors IN con-
tracts to keep their promise In the ie'ter,
hut break II I'm the spirit. me shlaiS W
district Judge" says Mr. Dudley S-oo',
has "A purchasing power of sH" u'uer ll'
| s,nrIo gold standard" | suppose ne means
| ZOO free coinage or Mexican slINeI p"'ia' .
That statemen, is about true ana 'ila'
presents the question in nutshe! pe-
, twocn Mr.. Dudley and myself or the issue
! ~ ,en,diatIcn II Mr. Dudlcy's propos'-
ticn Is true, then II Is also true uia' ="
ndont free coinage at IS TO and pay u dis
| trict Judge $500 In free coinage SlNef u.'-
! lars for salary, would be just equn' =.
aying him $3.50 of our present money ~
| MIR Dudley is even a second rate ih"!t'
| he does not believe that the present sd'
nry of district judge is too high pul II nu
| docs so believe, let him adopt uallls
/ course, and appeal TO the people 10 rcau'
! u 4 am aware that there are Few olsul.'
! ridges. end II may cater to popular p.'Ju
| Acc 10 claim that free coinage wonll CIV
/ down their salaries, but there are .lou
sands OF school teachers WORKING a, i''.n
| sqo 10 SIS. whose salaries wouio aiho ~
scaled one-hair There are thousands alIe
| thousands Of railroad employees WIZ WIZ
w,,,cs range from SIS to 500 per mon. y,
ard these men have families to icei an
cIothe. and their wages also by ifee ~ AZ,
| ere would be scaled one-ha'i' Of "s
Dndley expresses It, the purchasing DOW
~ their wages would be cut cow y, ~ VI
can't when Mr.. Dudley has rcuu," =.
waves "a per cent by law he'p Wy a,
,ham as being the great measure u nre
~reot friends and these ianoi ,i,,a,
,bourh they received the sa'he I'm
arno,,nt Of wages Chat is, the SAM I'M ,ha,
S"r ~ dollars per month"; as nov 'p 20,
,,,hcn they recded TO buy ana p1s 49,
,,,orchandise and necessaries oil ~ - ane
twice as many dollars 20 nuS Mr. Dudley
sr,icIes an it does now. VINE" 'i''