The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-09-30

rec;ed the surplus to be divided among
the States. Thirty millions, in three quar-
terly installments. had been paid. Ine
| scene changed. Van Buren, was inaugur-
ated as president in March. 1887. on May
| Is the president issued his call converting
congress, to provide revenue for the ex-
| hausted treasury; congrsss met In sep
TENDER, arrested the fourth installment.
| repealed the loan OF the surplus to the
| States and provided measures OF relief Tor
| the treasury. But the people had no cur
| rency. Hard money disappeared. Found
| ries and FORCES and mills had to lose.
Railroad and canal construction snddeniy
ceased Labor lost employment. Farm
ers and stock raisers lost their home mar
| ket. Every industry was p,raiyzed. Inc
want of currency was iniolerahe. BINS
| called shin plasters, issuei By inercnants;
| corporal tons. civil and municipal! and all
| SORTS of business men. gave temporary re-
| lief. state banks based ION land IN i4olhsi-
| ana often on fictitious capital wiz cats
| swelled the tide of paper currency 19u.-
! terfeiting was active. Fustness had TO
keep counterfeit detectors. ever growing
| In volume, in fre1ucnt editions. Inc pest
currency decreased In use with distance
from place Of issue shaving was -four
ishlnr business. Conditions grew worse
| and. finally, everything collapsed. -,
| Men in active business are generally
| debtors. In those days the POPULATION IN.
creased considerably in the Republic o.
| Texas. Many planters and others gain,
| ez1ed a few slaves or whatever they couid
| and started tsometiim's by mocnhshu Tor
the West. sherifrs In Southern States
| Texas" or, Non est invsntus IN swamps
Judgment was taken against everybody
| found1cxecution issued and tie sheiiI
seized everything IN sight Properly SOLO
| for l,t,l,, of It's value. The few who had
boarded good money became rich. and the
many of the business world were wrecked,
A good farm wagon brought 81; COW ana
calf. 81: hogs and sheep. 1T. cents. There
WIRE no exemption laws. such ~ we now
have all was gone ana sun la1ss pa
debtors We're tied hand and foot until! me
Federal bankrupt act Of lSN brought re-
lief The presidential election OF 1870 was
won by VIM. Hy HARRISON the WING
farmer Of OHIO. over Van Buren. <hc IA
vorlte Of "Old Hickory" I remember the
log cabins carried in procession ana rs, ~.
beef and g A day." and the campaign tx
element was intense HArrison dicd soon
after his Inauguration TYLER disanpoiint-
half vea~e ~ stagnatiCn and suffering the /
sun Of prosperity again ros" upon the
Nation.
liar unwise interference with finance. he
ieaC OF descent from the STANDARD 81 our /
fsIners Ald Of tn heightened la Gsns OIL
and sami-civll2ed nations, stan lard,
cheap from excessive ana eNtr-lncieas.H MS l
abundance, has deeply Wounded that con- /
ndence which Is the very lie OF business.
ana driven caWtdI into hiding ana conn
PEELED general steguatcn.
Tho constitution requires congress 10 /
com money ana fesutair us d'ue al'' ~
the stanlari of weights ana measures
Weight is determ ued by the srAN 'ta'uis /
force, constant II nattte Measure Is ,
determined by the pendulum at Green I
wsch or by the gehCh nr're pas.l o. ine /
incasur" OF an are 81 ''e mere an. a.
is measured by value. As the unit OF /
weight has weight, and the unit oil ieHsl /
has .engtn. % tae unit Of Nasue mus nay > /
ValUc an ifsrlt-.ntrinsic value. Gold ana /
slNer nave neeil leasl Nar.aplr IN fu"N-
NY OF all the OBJECTS 81 human des.te =, |
ana Tor TINS reason nav ~ al ases
served commercial PEOPLE az the measure |
OF value OF Isupcrty. But IN" quantity |
Of these metals vary somewhat IN differ |
ent periods ana T@laiNe to each ether |
from discovery OF new m mes ana improve |
ments IN metanrsy and general progress
IN the business of the world. Congress
liked the standards OF We ghts anu nets
urra upon those Of England, ana procured |
copies from London TO be itcsHlved ~ /
W ashingion for the lHtci states. Ihey
regulated the STANDARD Of the American /
dollar uron the Spanish milled dollar o.
1872, and regulated the standard 81 its mui-
tples 10 gold az tho clmmcrcal ratio o,l
tAat date, ascer'a.nei hy ctrei III inquiry.