The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-03
HILL ON BIMETALLISM.
What He Said OF the Money Question Less
Than Three Years Ago.


Repeal OF Sherman Purchase Law.
II do not believe in a single gold standard nor
single silver standard, but do believe in the use
of both gold and silver the standard money of the
country, and in their free coinage at minis at
proper ratio and without discrimination of one metal
against the other.
"Thc Sherman law is Objectionable because it
directs the purchase of silver instead of providing
for the free coinage of silver Purchase price,
price means commodity, and the treatment of silver
as a commodity means its derogaton from its in.
trinsic rank money metal. Gold has free coin
age, and hence it has price in the United States
1t has the right of free coinage into full legal tender
for the people who bring it, to any amount, to the
minis. Silver coming nations have not purchased
silver. They coin il for the people just gold coin
ing nations coin gold. 1t is the absence of the free
coinage of silver, the existence of limited and
striced coinage that compels government purchases
of silver, and such purchases absolutely prevent
parity. Free metallic coinage is essential to the
parity of the two metals and nothing else will sue.
cessfully and satisfactorily maintain such parity
1.-The British new.fangled theory of gold mono.
meallism is an ignorant nsuar, weak minded theory,
like their theory of taxation without representation
before 1776. Return to the bmetallism of
1873 1t is permanent remedy for our financial
difficulties Free silver coinage has not failed. The
country has not tried free coinage since it was
willingly abandoned in 1873, but it has tried
limited and restricted coinage Silver purchases the
accumulation of silver bullion and deprecated
rency all of which have been forced upon the
try by monomeallists through miserable compromises
obtained from silver money. Why not try the only
remedy that has not yet been applied! The insult.
fcency of present volume of currency seems to
be everywhere conceded and yet there is an unac-
countabe reluctance to establish permanent inan-
cia SYSTEM under which that deficiency be easily
supplied.
IL have heard intelligent men frequently say
Let us have dollars worth of silver in silver
dollar and everybody would be satisfied This is
very narrow and superficial view of great problem,
for the solution depends little upon matter of
ratio.
If the ratio is changed, it should not be en-
larged, but diminished and put at 15a, as to cor
respond with that of the Latin Union
1T is said that the presidents message contem
plates the establishment of gold standard as the
policy of this country If he really favors the single
gold standard, absolutely decline to follow him in
his new departure / shall refuse to follow any adj
mnistration which seeks to place the democratic
party in false position, which seeks to lead it away
from its traditions away from the currency of our
fathers away from the path of safety away from
democratic principles and platforms and into the
camp of the enemy The president must rely upon
republican votes to carry out any such suicidal