The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-09-20

reI,. me railway Age forgotten tha, cvar,.
| ~ Vi nuiiieHt pond that has been ias,,,5 T.
~ Hple not IN gold but coin ma , ,1.s Is
Vs.! rover on earth that can .,n,,,'''' t ~,
"titns OF HE bond is for th,. ho.iL w
hrni, rough ther willing tools the monev
v,l,,',,i = nAhhers and corporation ofnc'rs
MON they control. secure ,hs d L,r,.st -
n, 80 ION OF one OF the moneys fsilvsr1 ,hu-
mr., H,,ns 'he interest and the bonds WIZ,
the Iini i, psyaDis IN the only coin msney
cr riitcu states has--to- Wit eold9 EisL
n,, ueise Ignorance or within d,.ira 70
,t,ia'vau railway men is ut Tho bo,inr, ~
il IS n,' tn lay age AGES statement "
-, - " pc nole1 mat Railway ap,,io,,.
uIe 700 bright, Intelligent ana xvciI i,.oy 81
/ lion the issue OF the day To ha , rT1,. =
nav, ma' ,he beief that the Nation has pot Va
or taFa ' ,ho dst or bond prsnclra. IL gold
~ tahe Tue London ratio of NJ to - -
uaS.s OF settlement. If the country r,.,,,,,ra
~ ~ 'ne free coinage OF gold and silver a. I,
since the revolutionary war who, .na
ican iaborets freed themselves from ho
'hraidom OF English don.Inatiyo nower IN,
people OF these United States OF America
nave uictated the financial policy they
uesited TO pursue, and in establishing a
monetary system based their coinage laws
not upon gold, but upon silver. and dis
''hctiy set forth 10y National laws cn,c,od
April 2 1892, that the coin currc-,cv nj III,
iamu srould TO made OF gold, silver and
ssVPPor' me denominations being eagles.
la taGIes' quar'er-caslus Of gold dollars
,,all-uoli fs, quarters, dimes and half
Glihes of silver cents and haif-rnnts ~
COPPER. The eagle contained 2iiia grains
KIN, SUI OF az sralns standard gold
uthrI Sold COINS to be OF proporu cua lie
weight. Inc dollar or unit as d,nomj-
ualcu ny me statute. was OF she value OF
ule spanish mti'cd dollar as Hen current
"iI. , Cohtalrei f''4 grams uf pure .il' cr
or 4lb grains of standard silvor. the ratio
pclhG hNed at the ratio Of 10 To Ills
iaW' enacted IN the year. To- ~ the law
Nnuer which our coin money mas tecn
mian.eu' ana the alterations or amend
mehts TO This law neyer interfercd with
the unit value Of he dollar, which was
established as of the value Of the SPANISH
mllled silver dollar. 1t can not lie ~ her
Wise claimed, FOR when tho coinage law
was enacted there was no mention made
OF a gold dollar. the smallest gold coin
BEING denominatcd as the quarter eagle.
IL was the silver dollar of alt, gains
pure silver az ratio OF 10 10 !. upon
which the gold eagles were based unlil
lN3, when, in some mysterious frauner
nader the plea OF amending the mint and
coinage laws, the auth ority TO com silver
collars was stricken from the law. Not
a word was said In either branch Of con-
gress when the coinage NJ silver was thus
forbidden Not an American citizen, out
side of the few sena .ors aud rep'csCnta-
yves on the finance ToTnfll'tee, mad the
bill In charge. Not a voter had any
knowledge that silver was to he oemone-
ti2cd and that the only FINAL redemption
money left the people was % lie gold
The Railway Age follows up the as
sertions quoted above with the following:
Now the total amount of silver money
in the United States today is only sc95
00oc10, or not quite twice what we shall
have to pay England In q single year.
The total amount OF both gold and silver
money together in this country is only
81 2is 900 600. or not enough to pay what
We shall have to send to England In four
years. The question II, how are We going
10 pay that money? The answer TO the
approximately. We shall inevitably be
bankrupt among nations.
THE silver men talk a great deal about
our being enslaved to the money Lenders
of England. ana they are calling on US
TO free ourselves from the bondage of
Lordon.
Let us. as in former talks. stop talking
ebout nations and get down to individuals
Supposing that yOu--you railway man,
who are reading this-had borrowed (not
five billions as tho railways havc) but
Just 500. 10 help get yourself a home You
borrowed IT on the very reasonable terms
of per cent a ycar--iust rs the railways
have, You secured the loan with n mort
sage ON your house and furniture--iust as
the railways have. Your annual payment
for interest IL SIS. That is easy enough TO