The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-13

Period as We have had IN e..
f Iy.o,,s II would have been W vers =
! do not agrae with the ssc,..... .
.i,.m WAS MIS- us TO say II would Ne br ", y.
49, .', ~" lault does moi W, rap
hrr.ci'.'d ~. h,lt rather With Inc s,a
nillcers, who have seen nj IA S. asA
llgili which should hlya bo.s stoESt
ior the protection 81 the In,s,.sA
people. rms executive A ,iIon M
Deeli made the excuse far ~ ~ ~. AiAs
more IMAM S2vc.O0O,01o in bonds ~, ~
Impossible 10 estimate thu ,rst
bonds which may hereafter s%ex
mis- policy is continued. sssa
w are told that an attempt "A n.
or the government at any lima i, y, I.
its Obligations in silver would NV Nv ~
MUM on god. but why shouSs y
Bank OF France exercises the ,ss,
deem all bank paper In either III ~
yer and yet France maintains ~ ~
between gold and silver al Ia ~.
loiia to ]. and retains In c.rcoia,,s, ~
SILVER per capita than Ne ~
tnitod states. II has been suserr.s,.
our opponents have suggested no 49,.
plan for avoiding the
nANGbks WHICH THEY rEs
The retirement of the greenbach ~
treasury notes would not pro,., 4.
treasury because the same policy ~
now leads the secretary Of til. t,.,,
TO redeem all government oans, h, v
when gold IS demanded win rsou-s n
redemption of all silver dollars III -
certificates In gold II the greentstn y
treasury notes are withdrawn from y,
laton. More than this, II the yoy,,t-ss
should retire It's paper and tstov "a
tie banks tho necessity Of flirnIsIn. r
redemption. the hanks would exertiv
right to furnish either gold or ,iks
other words they would exercise ~
non, 1pst as the government ought IA 4.
crc!se it now. The government ~
either exercise the right to redeem "a 4 |
legations In silver when silver i =,
cou.eu-,nt or it must call all ~ IN
from C-rculatlon and use no,hins bt Il |
AZ legal tender.
Are our opponents willing 70 syk,
financial -Tslem which win cary |.
their policy 10 its legitimate caxa(
or VIII they continue to cloak Their 4
signs in Ambiguous phrases? Thse d \
actual necessity for bimetalisA u
as a theoretical defense Of II. Duhn 4
last twenty-three years legislative vi
created an additional demand for ri
and this law-created demand rsssis I
increasing the purchasing power u al
ounce If gold. The restoration n VI
metallism in the United States vii sr|
away from gold just so much M is 4,
chasing power as was added 10 \ ~ 81
decentralization Of silver by the v;dl
States. The silver dollar Is now ID. Il
10 the gold dollar by legal te,de III
ard not by redemption In gold beHs|
the standard silver dollars are m fcs 81
deemahle in gold either In isv n 81
illustrative policy. We contend thl 81
and unlimited coinage by Ne Uni
States alone VIII
RAISE THE BULLION VALUE
of silver to Its coinage value an ~
make silver bullion worth GY ~ NJ
in gold throughout the world. Tbs M
ositon is in keeping with naturl M
not IN defiance Of them. Tho bess ~
law of course is the Law Of supI n
| demand. We recognize tins NJ =
| hul d our argument upon IL. We -
( this law to money when We ray thl
reduction in the volume NJ inoN1 "
raise the purchasing power Of iR u
lar We also Amply the Law Of sDpp! u
{ demand 10 silver when We sly ~ Y
Lew demand for silver created ~ Fl
W.. ia Sc TIC price OF silver bals. =.
| Gq 4 and silver are different ron ~
commodities IN that they aSe ln4< l
! quantity. Corn. wheat, ETC., can u
duced almost without limit, piovhea V, y
can he sold al a price sufficient ~
ulate production, bd gold ana fna Z
! called precious metals because W =
| found. not produced. These meas I.
been the objects of aaxios ssn,
Tar back a history runs, yes' &C., y
10 Mr.. Harvey's caleuliioa, ~ ~ Il. "
co n of the world can be. me,'ei ~ !,
! 10 foot cube. Because gold anu sa',s 4
| limited, both IN amount ca ~ "
! the annual production, 1t loIvss a
| legislation can fix ;he ratio tels.'e :, h
Any purchaser who stands resH ~
| the entire supply of any given a. 4
certain prlce. SO the goysinr -
fix price foi gold and SILVER w'i.
a demand greater tran the >.n,.sys I
! | believe that the several nS IN n
enier.l.g into an agreement " .Sv,, {
fixed ratio all the GOA n''u Il,
maintain tine bullion valuc " n,sss "
at that ratio. When Wi'' P'
established II ,frf1
because any person desiring wv
nave the bullion converted mo "
tina, price and any person dela :,
lion can secure 1t by melting W. y
The only question upon Na. ..ss
national bimetnlllsts and in1 ,,aplsi w
metaIl.sts diner. is can tne oo,ass N ~
by the free and unlimi,su s' rraa,s Z
la, the present legsl Iat sten a ef.
maud for SILVER whc' is.aadv n y
lion with the demand alreaa, d :
enc wJiIli he sufficient 10 va Al
silver that would he ,sar ~
minis? They are agreed N n, ~ ihi Y
ogren ,'' IN u1alterable oppos,l'lSS,r ,.,i5
assi5 s,nrdard international nn z
sor" moi complain that free eensrsas
'i ho ,,ot ~ the mine owner " ~ n
,crnntional bimetallsm gives y lspt.B
a, va. .iv ,'v,'n an me advantages o. liar,
ihirttaliism AT he same r.s,,e 81
t,c 30, H. r,n,ailists can moi ss ,,.s "ssl,
lvoc,tos n FREQ silver OF I'M M Wv
owners who desire TO rase ,,ho desa
thrIr buIIion" or debtors Snll,s. J
nav their debts IN che',o cufry >.
n mt@oruos who desir' IL ~,
with the people" They NH ne sfps,,
lion ON enc ground inc, mac rs ~ -
silver available for c,9lii,'d stats A
to b. nj lied Icy the onnss,Icn 81.
| in discussing this our ps'ss
consider the capaoil! Nv o stlys ~
USE silver and the quan,I,,ym mus;
can enter our mints. ! couniry e1l =
bered that we live IN