The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-26

awhile M to ! TN our country. In other
words. tho market rntin as shown hy the
tahlcc. remained rracioIllN tn" same as
the statutory ratio curing MI that time. II
the two metals can moi stand together. how
doas 1t happen that they aid 70 without Sc
r.ous fluctuations for POO wears. notwilh-
standing the fuct that The annual prodnc-
ton ur each metal varied greatly from
time to time
II only ono oc thr metals can be n stand
ard aud a measure OF the value of things.
ard If combined standard of both GOLD
ami silver l. as Impossible az II is to have
two yard sticks Of different lengths. why
was IL mat some ui tiia gfontesi iinHnc!cis
of the world and particularly Baron
Rothscdll. stated IN 1859 tia, 1T WAS the
sum OF the two metals. taken together.
which formed The measure OF tie value az
THINGS No matter Which metal mishi for
4, time lWc-iomiuaiO, nevertheless the Fi.m
III tho two token isg'iher was tho measure
ef thc value af property. II the sane onun-
lrlss had -trieiSen hswn gold by law and
destroyed IL for IN lnetnrN uses. aud inia
silver the sole standard would not silver
llnyr sone up aud the purchasing power 81
sold gon" DOWN.
Mir. CARLISLE should have explained why
ii WAS that in every country Whore silver
w.iA st,ig.Sen down. 1t Was plnc by the at
httrary act OF government. and that
neither commerce nor bueiness had any
thing 10 do with IL.
H. It not fundamental law, recognized
by gold standard nnnucicrs, except recent
converts that when the volume ut money
in tltr Worii Is reduced. The sriliug price OF
all property aud commodities goes own
corrosro dinghy? Therefore, the wlplns
out by Iaw of nearly half me money Of the
world had 10 frluc" the selling price OF
commodities prpnortlrnatrly. Aud. mas
taz ila Hgh,, mt rTlIrsu IA In
terr-t WAS MI n iuced aud "a tnaea wore
nai rcttci-i. does not Carlisle tilink even
now lus as he d1 In les, int great
crime WIS committed aKtihst the "ntire
orhtor class und against the producinE
rlasH ny bringing about n condition of ar
fairs hy law which compelled tho debtor,
thp producer aud tho lahorel to Hrll twice
rs much property or labor as were for
mcily necessary TO get the same amount OF
money!
It prizes nre 80 reduced that 4, takes
el.f, ming thu debtur can yet together to
ray his hxe1 charges and everything iha
ipi orcr can get together 10 buy u liiile
rnarso cOtllrs aud plain food for MS
family. can either the debtor or the Ia
bnfer spend much money buying other ar
iicies7 And n ne can not, then must That
not rrsul, In the destruction Of what We
onpe calico cur great home marict? II this
is destroyed "a that our factories aud IN
dlstfns are unable TO diHppse II their pro-
duotlons, must tljry not shut dowa and
throw lnbor out of employmen.1 IL not
that exactly what has happened In this
couniry2
AS the laborcr prospcrs most when there
IL "A large demand FOR tho articles he Gre
ntes, docs n not necessarily follow thht,
untii there Is rive in prices 40 that the
debtor class aud the producing class can
again do large, miscellaneous BUYING, there
~ no hope for the iabOrer?
- he "A general Tioe In
prices without an incrcnse IN IN" volume of
money, must not the present paralysis and
stagnntion continue untIl the volume OF
money IL again restored 10 what II was
before silver was stricken down?
There are In the United Staics over 1000
banks. lnciuu,ug National State and pri-
vale Tho comptroller of the currency. one
of MIR Carlisle assistants, received re-
merits from these banks showing the total
amour; Of mor"y Of every kind that ehoh
bnnIs had ON July II, 1885. From this re-
port 4, appears mat there were In round
number, only slg7. 900 Of gold In all OF
the banks of the ua.tcd states. This was
all of the available gold IN THIS country
There were about Si1ng0.0po In the trens-
ury nj that time. bat this in not availabie
These figures brc known to be correct. MI
Carlisle cited thu figures given out by the
director Of the mint. also one Of HIS as
sigtants In which II In claimed that there
are nhoui $500 900 Gh of gold in this coun-
Try. Mr. Carlisle must know that these
figures are incorrect. and that III" tables
given out by The director OF the mint on
THIS poin, are worthless. because 1t APP
pears from his report for 1902 that he as
suInes that every collar put In circulation
since 1877 IN this country Is sim in cirou-
laiion, except where n record was made Of
lts expectations and that he had made no
allowance for the money that was carried
over the northern boundary and our south |
ern boundary for twenty -four years. nor |
fer the money carried back BY Chinese |
during that time, nor for gold coin used |
In The erts and never reported during that
time. nor for all that. was lost, nor for all |
that was csrricd across the ocean In the |
pockets Of our people during all the years. |
Yet the director says In his reports Of 1891 |
that during abs Paris exposition the total |
sum spent by our people abroad in one |
wear WIS over sso.DpV0o. Why does Mr.. |
Carlisle use figures that he knows are In |
correct. and are manifestly given out only |
for the purpose Of misleading the Ameri- |
can people on the question AS 10 the |
amount of money they have In circula-
ton?
year ago the president sent for his /
former law partner and close friend, and
IN rsugh Mr. Cleveland and Mr.. Carlisle !