The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-30
i.My them them to the Consequence o, their

| hipb ,ht,its' VI wen 10 do, high living and
| natior oi tcrants. Why should this hr %
| ~ country at peace with the worl1. win
sou OF surpassing richness genial cii'
| "'ate ana abundant crops"
| noid mat the trouble Is caused hv ia
| 1--we coinage laws, and even the rSuuh.
n rans ADMIT this, partially, at least. Ne
| p'tSeHt curious spectacle To n ,,a.'r,.
| World, and II we could look forward MI
| r.5u u we wotld feel no pride In the rer
uoI,, history Is Writing of our deeds Every
| nosed ,ha ~ nn Ia me country has dag
| uleH propose remedy; the Other docs
| nor, except upon conditions viii IN can nor
| die 'e f"''eN' may
these panics do not come without a
cause cause For the extreme range OF low
pa,ves There are other reasons than the
temporary. reasons Of larger cron here
Or mere, this Tear Or last.
| Al poltlSdl parties. and many great
n.aii,,kers whose minds are independent of
| pontui4 bondage have taught that an az
,ii...n'e currency causes an advance IN
| prices, and. realizing perfectly that bv
| .he coinage act of 1913 expansion was pre-.
| vented. IT contraction was not actually
brought about, the people are d4terrnIna1
| 10 return 10 the bimetalllc policy which
| prevailed before this became a goypru-
meht Of Wall street. by Wall stree; and
our friends who claim to be bimetal-
ilsts while doing all they can to tx a
slhsIe gold standard upon the country may
|
| mocracy are not essentially sound and
| true they can not prevail for long Rat
| inc leglons of democrats who are working
| FOR Bryan and Sewail are not afraid ~
| Inc consequences of their actions They
| demand certain monetary reforms chief
| est OF which is a return to the money OF
lhe consututlon-to gold and silver. They
Demand That tho mints shall be reoponed
| 10 the Coinage of both metals without
| charge, at the Old satisfactory ratio OF
l6 to !; They believe that money coined
.fa1. q
ind they think it very unlikely that they
VII or can have too much OF good
/, ming.
1t is a curious fact that notwithstanding
this talk about gold standard no pollti-
eal party has ever ad the nerve to de-
clare for It. There IS no doubt that the
| men WHO are behinl Mckinley really de-
Sire 1t. but the politicians in the repub-
| hcah party know that the people VIII not
| have Il, and 80 the FIT Louis declaration
OF principles. in that ambiguous phrase
| declares that bimetallism Is desirable
| (Which is sop thrown to hungry peo-
PEE, but insist upon maintaining the sim
Try or countries consent to JOIN US in nm
International agreement, which Is obed,-
| ence TO the order OF Its master, the syn
| ficates- Having tumbugged the people
| by a few words OF concession, the repub-
! hcan party is now dssnR Its level best to
! make bimetall SIN impossible, All their
| arguments, when they condescend to use
show how impossible 1t Is to have a double
| standard Some OF their great leaders
| say that II is impossible to prevent the de-
prec alton Of silver ana the appreciation
| VI Iold.
Tns statement contradicts the facts of
| history From 1898 to 1873 gold and silver
! were equally honorei at our mlnts und
| during this limo he sverage commercial
ratio of silver to gold was 1903 to /. This
| benehcent union OF the two metals vas
| cemented by the statutes Of the United
Stutpg The law held them her. and
the law has driven them apart, and the
| decree of divorce has. In my judgment
brought untold mtseries upon the coun-
| try.
| Practically the parity between the two
metals was maintained from 1857 to 1874
| during which time gold and silver were
| found In varying quantities. some times
one leading in amount, some times the
other
pa 1t ever occur, to those gentlemen
who, with blanched faces and qualHng
voices, talk of the flood OF s liver" that
| Is to overwhelm this country In the event
OF free coinage TO stop and look at the
| figures of the worlds produce and us dis
position? These figures may be had from
various sources, but as Mr.. Carlisle has
kindly provided them in such shape thnt
| It requires no mathematician 10 under
| stand them, we VIII use his.
| He tells us that in 1895 the world pro-
| duced 5000. 900 0C. coinage value. of silver.
Eleven of the principal civilized countries
of she world found 1t necessary to use
| 500 900, 400 of this silver In their mints and
si2 0p(;410 in the arts Smaller countries IN
the East absorbed th.rty-seven and a half
million dollars of 1t for money purposes.
thus leaving only forty-six millions or
thcrea bouts, for use by the other small
governments and by their artisans. Popu-
lation and commerce Increase every year
and every year moro and more money Is
needed.
Is there any good reason for believing
that under the operations OF n free coin
a,1r0 I