The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-11
It embraces all tho greatest nations in the
world, There must he soma cat1ae operat-

1t embraces all tho greatest nations in the
world. There must be some cause operat-
Ing IN all these countries to cause such
widespread distress. uniform In character.
That cause seems clearly TO be the falling
in prices which has cursed and blasted
this country for twenty years or course
every fall OF prices Is not an evil. A fall
which results from improved methods OF
production or from improved and cheap
ened transportation Is a blessing ana
brings prosperity to PRODUCERS, while It
showers Its blessings upon consumers.
There Is, however, one commodity which,
while affected In its value. necessarily ar
fects all other things in tho world, In all
countries. to-wit: Money. Suppose money
to be doubled in value. suddenly It would
take Just one half more of 1t to buy any
given article as II would have taken
before the rise In its value. This rise
IN the value OF money would then find
Its expression. It's visible manifestation. IN
a fall OF general prices 20 90 per cent OF
It's former ecalc. while money would re-
main nominally Just where 1t was before,
and tho superficial observer might think
and n modern goldbug would be sure TO
think that this change In prices had re-
suited from overproduction and Improve
ments In methods of production and
transportation and not in the change In
the value Of money. Tho volume OF
money lessened. not absolutely. but in
proportion to the volume OF trade, has OF
necessity continuously Increased the value
OF money. and by this hidden. unseen ana
covert mems. conhscation OF the property
OF the masses for the bcncft of those
individuals has been and IL being ac-
complished, and this condition OF things
must and will continue so long as the
laws remain as they nre now. The causes
which have operated TO produce tho pres
cns results win continue their operation
on tho same line. Prices. which have bcon
In the last twenty years reduced. say oo
per cent VIII be In the next twenty years
reduced 80 per cent more. The great
body OF those who declare themselves
sound money mon say that they nre IN
favor of International bimetallism. AL
most everybody In this country admits
that II the United States England. Ger
many and France should agree TO open
their mlnts to the unlimited coinage OF
silver at l5h TO |, or at 10 10 !, that silver
would at once resume It's old value. and
that conditions OF general prosperity exist
Ing prior to Is7S would he at once ana
permanently restored Nobody would suf-
fer wrong--even the hondholders would
get their own with interest.
This. l believe IL almost the universal
conviction But we arc assured that Grea, !.
Britain will not consent to this and for the
selfish reason OF n small class Of bankers
who disregard other interests even In
Will not consent TO an international agree
ment ana That France and Germany will
not movo except in company with England
then the question comes horne TO us, what
win the people of the United States do
tremendous responsibility In this emcr-
Roncy, In my opinion. rests upon us as a
Nation. II other nations viii not join IN
the great movement IN the interest OF
humanity, II Is our duty to undertake II
alone believe that the unlimited coin.
agc of silver would by revlving commerce,
Increase our revenues and do away alb
solutely with any pretensc of n necessity
TO issue bonds. and that under that bill
n revival In businesa would take place
There Is. nothing for MS to do but present
the system we believe In. to discuss H.
and appeal at last to the great tribunal
which must decide IT, THE friends OF BIZ
mctnlism are ready and ANXIOUS TO have
the people settle this question They hope
and believe 1t will speedily be done and
wei done.
Mr. Jones spoke for about two hours
Wien he finished Mr.. Teller asked him
what speed It was proposed TO make with
the consideration OF the bill and when n
vote would be tsked.
Mr.. Jenes replied that Ms there were quito
n number OF senator's who desired to bo
beard no move would be made toward
at least.
The senate Mt $3.50 adjourned until Mon
day.