The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-05

r nower' Of the world re-
IN many ways another desperate
~ between the same antagonists
.o.t nlace some sixty years ago.
900 the battle was on much
:. scale--the population of our
,o,ro then a little over twelve
- while our revenue was less than
m 600 n year, instead of running
bundreds of millions, as at present.
mo forces Of plutocracy, instead OF
multitude of great corporations.
,o,ss and kings of finance" were
concentrated in one great institu-
,.The Bank of the United States,'
"a central bank in Philadelphia
IA twenty-five branches over the
ny.
n. main issue was the same as
,be desire Of the "iinanciers' to
~ the volume Of specie of 'pri-
money" for the sake of initiating
of paper money based on debt.
scheme was to produce what the
mower demands now-an elastic
ncy'-that is, one that can be
Med and contracted i'll order best
the pockets of the managers they
Il time posing as a sort OF financial
Hence watching over the country.
the Nicholas Biddles of that day
ed in naught but degree of wealth
| tie Belmonts and Rothschilds of
.present. There was also n great
Elrty in lesser details, which will
bown as DE story is told, but in
bont there is the most striking diff
Ice. Our present president, who
\ to be the direct representative of
beople's wishes and who was elected,
In overwhelming majority on the
osition that he was a true demo-
man of the people" has deserted
\ who chose him and has gone over
|he 'hnanciers' that, too, ON
undemocrat!c ground that THE
know better what is good for "the
"" than THE many themselves.
this means he and his supporters are
h their hest to disrupt the marty to
hi they owe their political existence.
in those days the plain people had
IA leader Andrew Jackson, a man
had risen from their own ranks and
unashamed OF his origin, feeling
them, thinking like them, acting
them with the whole force of his
haustible energy and dauntless will,
Elear intuition and swift decision. his
Eerving fxedneSs of purpose and bull
tenacity. Having such leader. snip
Id by such true democrats MS Amos
hall, Roger fancy, Francis i. Blair
our own Thomas IL. Benton, the
pcracy were never allowed to lose
of the main issue. in spite Of all
efforts OF the opposite party to CON
it, and so We're enabled 10 deal the
|ney power" blow from which it
mot recover till the republican party
the baleful opportunities of our civil
allowed it to fin sten once more its
hes on the throat of our country.
e. first Bank of the United States"
heen founded by Hamilton and the
,raists in 1871. and had been stead
opposed by jefferson and the re
leans" predecessors of our
INT democratic party-as potential
OF an actual ally of the forces of
octacy. When lis charter expired
81 the republicans refused TO re-
1t in spite of the frenzied cutlery
mercial crisis would occur if the
was forced to wind up. But its
; was taken Ay local banks and the
'.gneu ~, CONFUSION did not happen,
Of ISL two scbo,o vU,, Us us'"h ~ ;mr
ational bank were introduced in
f / s. one passed, but was vetoed
ON wbcn me thD second was under disc
arrived and So w " la III o 49, and vi
revived.
: HOWL uownfall of the old Federalist
,r ' the way ny I I, unPa1rlollc eonlnGt
Tho nl1 80. NV NV t'cs niN'