The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-03


KEEP. up by labor organizations but this
Is largely fictitious. Shutting down ana
running less time has served the purpose
Of reduction In wages Of labor. and eventu-
ually wages Will seek much lower lever,
II conditions are not changed. II Is ap-
palling TO contemplate the world on gold
basis. with an insufficient supply for that
purpose. With the influence of the United
States the principal silver producing
country. thrown IN the scale against sill
yer, we will come to It. Gold aust then
be had at any price and when the mao
scramble OF nations for gold begins, we
must have our share. But two ways are
known to mankind to get gold (ouiside OF
the present insane policy of selling honds).
one way IS to sell our products Tor less
| than anybody else will sell for, the other
IS 10 work for less than anybody else VIII
work for, either way will get the gold'
| but at the price OF commerce wrecked,
agriculture destroyed ana labor pauper-
iaed. No gold standard country can com
pete with the silver using countries, ana
! the cry is already being raised that Japan
will take our markets, even while sur
| rounded by a protective wall Free com
age was stopped in ludia, not as bllnd!y
supposed TO Influence She action OF TINS
government, but simply because India
was shutting English merchants out OF
| China and japan, England as is her Gus
tom. took care of her own, policy we
| have lost sight Of"
| way not have the gold standard and
! use silver too, in . safe amount
| Simply beSanse the only way TO main
tain the parity of the TWO Metals Is to
pat them upon u parity before the law,
! giving TO each equal mintage privileges
| Otherwise why coin silver at all? ii
| silver is sustained by government credit
nnd government gold only and Il silver
dollar Us but a gold certificate, 1t Is
| aF oil II
IS chcaper and would serve as well. we
could then sell our silver ana help pay
our gold debts. and interest on our honds.
Why do you object to retiring legal
tender end coin certificates"
Nobody ever heard of any demand to
retire the legal tenders so long as they
served as screen behind which to hide
All tho money in the country from the
tax gathcrer. Now they are taxable. and
banks which will not give a certificate
OF deposit for gold payable in gold twhere
they receive your money without interest
and lend It at INTEREST," because 1t might
mot Dec convenient 10 pay on demand In
GOLD use the LEGAL tenders to loot the
treasury, telling the secretary. If he does
not uay all coin obligations in gold when
demanded, that the governments credit
anl money will he lchnsed Think of 1t,
tho hunks can maintain their credit I'M
der policy that the grandest govern
,n ,o,,f,.cato nrnnertv bv taxation ia
,., 49, ohi,.,,jors d.ra nor mointair
r,r.iss, mo ra,Ire,nont of the NetionoI
,.,rrs.,,.,. h,. hcnds vi, cos, oigbtonr ,,1
It,,,,.. "a, i,,ar,e, nov or,,,,,, a,d tateo
$50. ,..,,,,. o,,o-,,t.d o,,r ,no,,e,. a. Iva
-, ,t,,,, ,h,,y h,,,,,ir,, tho capdlo an
- ~ -
..r,, ,.,,, 1,,t,,, -, ,,,,,,, .,,,rro,,,,,on
Empiatlcaly yes : oanK currency
hotter than government currency when
tb. government must needs guarantee
.. -,
we "'''" '"' o'''E W "'"Ne u ''o"'' "'
Jefferson declared Banks of issue more
dangerous to the liberties of the people
, r,r s,,ndi,e or,,ios, ra,,,eo,,s t,,l,,
az i'ls' the 'iiteu SUITES halA ana lt'
branches Ga pigmy to the present system
70 Is one Of the precious beritares of IN,
1......,.t.. ,.,,. -. -. 81, .,.,.
''''N r"''!' HP"'' i'"'' an TINS
\ / 'te government should be for the dcbto
class as we'll as for the creditor class.