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

for ,be oT 1 OF, consideration. shut their eyes
| ~ tne lact that the effects produced there
| ue tne same as those produced here treat
,ne whole question as though IT were local
osm vur country. and then argue that in
asiiucn as there had not been many sill
| yer collars coined In our country and
those That were ccsned went abroad. be-
nrnsI or me fact that they commanded a
premlufp of per cent, that, therefore, the
9uinonetization of silver In tho United
Sea,es could not have affected prices be-
"a "a Int, lhere was scarcely any silver here
| " "'''e OUT OF circulation.
| HELPED TO FIX PRICES
| Let us first look at this theory. The
| greatest markets foe. most of American
products were in Europe; whatever af-
rec'ed prices of commodities which were
| sH.lIcI there in the end affected the
| prices of commodities at home. Let us
SUPPOSE that there was no silver In cir
| suiatlon IN the tnited States. that as Mir
| SVuufz ;ntlmateS Ii was all IN circulation
| ~ europe then IT was doing the work
81 money an Europe, it was doing n wc,k
thefe which would otherwise had to have
placed that much Eoli over there ana
/ permitted the gold to flow elsewhere. 1t
increased the volume of money in the
| world. and in that way affected prices
for the world. not simply in any one coun-
try, but for the world. Under those ccn-
ditons, 30 far az prces wtre concerned,
| II made little difference whether the own
ers of silver bullion brought 1t to our
mlnts to be coined or took Il to European
in,t to be coined. In either case it
| nciped TO swell the volume of money in
the world IT helred TO do the busiIess
of the world. and helped to nx the stand
ara of prices of property Mr. Schura
! knew this fact ana / ~ ,eforo siih,,.t
! that when no. AT tho oi,tset tried ia trrat
! me dufSton as local one and TO conceal
| circulnt NO IN Furono If u,a ,,,sf as e,oo5
as if Il were circulating here SO fa7 as
| a fair nrt,eent9ti5n Of Inc ouest'o1 I do
! moi OHIO 10 ~. sa,.aro,. fin,,r,,,. ~
/ though am aware mat r n man snpak-
! Snp a.. ~ pi,,ar Us ,a No" a., ~
u,,SSb ,i',..s - 81 -, WaS ~ I "i ~ ~
! denopncci as , ,,t,tro. ne N'ie'''"'F
| ,D,,, ~, "
N'lN A'it iS THIS COUNTRY.
| Now lo' us look at the facts in regard
| Ia tho co,n,oo az s,,,.ar Il, mic ,,,,n,,,,
# Is ,rnA that 1coorson Gov ,no ans,
| pended the coinage Of silver dollars. The
reqs-n was that half dollars ynro ruu
legal tender for ory a,,ount ms, nc r,,,,,,
as dollars Were. and inasmuch IS the
country was new and poor IT was thought
an5' 'Asl a3nars wGuii he more &C. tNeni-
much as th,y could he mei,l in mnvp"nf
Of debts the same as dollars IT made no
gHi n,a i hee, h' tne con M9S on me
having sil,er mil en- ci1id c",',a,., r. i,tn
money jus: he same as though It were
y,,,ilu' ana me treasury tthies giNe2 cay at
lS7S ihoro were sisi 3iS0II 81 silver coined
IN ihls country I'm 1871 'hore were liz 1T
oil SILVER 40 ,lars co nru-nol SUBSIDIARY
I ltS Go0 s'lyer drii,rs ,,t.,med he NJ noai,,.
twice the number ever before co;red III
enc year Bear this in mind; mo, TWO
NJ ~, a,i,. ,N.' 49,, si,'c,
boliars roined a., In ,nv rrnvlo,is ,cIr
~, s,.h,,,, /, -. 81 90 :, 90 IN q, Ia,
nrosents his naiir.s m such \ Wv as To
make the .c,nrrssi, n that no SILVER mad
bren coined il, hts country. and therefore
We de,nrnotizcd nothing
,rNp, re WTpoNc
Ni''@' ""','N''
Now. mis- Is based on the tables given
out nv QUO branch of the treasury dcpart-
mont; that is the director of The mint.
and sometimes copied in the reports of
ether branches OF the treasury, but they
omanate originally from tho office Of the
5in,,,ar - ,ta w.,
''ec'u' w '.e III H. ana 'hey are ho'
only wroag. but they are wei! Known TO