The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-08-20


the use Of both gold and silver as STAN
dard money and TO coin both gold and Sill
Yer into money OF equal intrinsic and
eXchangeable value. such equality TO no
secured by international agreement or by
such safeguards or legislation as will in.
sure the maintenance Of the parity in
value OF the coins of the two metals and
the equal power of every dollar at ali
times in the markets and in the payment
Of debts. And il is further declared that
the efforts Of the government should no
steadily objected 10 the establishment of
safe system Of bimetallism as will
maintain AT all times the equal power
Of every dollar coined or issued by tho
United States in the markets and in the
payment OF debrs.'
This declaration made by congress and
approved by the president at time when
the public mind was conferred upon the
silver question is a wise step Of public
policy that ought TO be acted upon with
regard 10 party divisions. This bill mass
cd the house of representatives By oSg
yeas TO Ill nays and the senate by the
vote OF 10 yeas and 81 nays This vote
was not party vote. but il j.. | believe.
the expression of opinion by the majority
OF the TWO great parties Of the country
And here. fellow citizens. we ougbr Ia
stand. | appeal 10 democrats and rcDuh.
Leans alike. We are all interested in
having a sound and stable currency
founded upon gold and silver. We can
90, - ~ -, n,.- an! H-elai or
The raj law ~ joyna,,d 80 - Ille.
-, "a" : I'm. "a anu supply
1i,c ii' bSr a. fai,c u'eE iLUn Upper or
by means Of new discoveries and i'm
proved methods Of production. I have
here statement Of the director OF rho
aI,Ia,,rr a,J - - 81, .IT lng
,,Jc .b ,'' a,S - rs .SA4Sed
yar,,a ~ ~ - 80 80 10" anu us
sbr;r,1.ooo - S1l.I- eco 90 ~ -N-
In LIN, '' SI.r,,,5,I ,to--s.,,
have RI. hon. - 80 j., - -. ~
ierrer ~ The i'm instar- NJ u, w. your
e,r.,are o,In,r1 and 80 ~ III ' L,,,,:s
nrr7boss sod rTIe,. IN o, " ouIi! .,
ISIS and mi ii ,S4n -, ~ u III f'ii!. %,
"AcT of Fei,ma,r d is o .gi' 9NS
01S - fina onnres: cG,t sans 90 SEQ =
"Acr JnIv II 1Sa0 les 81 1SS ~ 80 80, i.
ounceS. cost SI5i G9i 100 ~ 1''0-''' Hue
,.Toral 40 64G IN G1 t;ro ounce.
COST S4f4 o10 IG1 az '''
Worth iodav'S mortar nr;ca for s;1r,r
namely 81 G931o ner tn. orpcs s21S,
99S 9i1 = - ,I Lng June s2iS'-
S7195221, RespectfuIIT y ,ii i1''
.R + PRFSTON
"Director If Mini
We had. July | LAST in acrna1 c;rcnlo.
ton among the peonIa Of tho I-ni+sJ
States 81. 800. 10 300 a. stated Inv tba
report of the treasury deparTmen- which
l will read:
Amount in circulation Julv I 1Soe.
Gold coin. S456.1 lbs. 1873: standard silver
dollars. So. l15.99S: subsidiary silver
SO. 99S. 500: gold certificates. SO 800,
liz -.
treasury notes. account JuIv II 1Sq0
S95.251. 361: United States notes. sos,
34I.29S: currency certificates. June s.
1872. S3l.O4u.uOn: national bank notes.
S21J.331 .921 Total. 81 ,Jug. 81. 300
We had also at that date $685.
9S1 in the treasury. mostly gold and sill
yer. held for the redemptions of Tinted
States notes and silver certificates as
follows: Gold coin. Sill. 500. $40: stand
ard silver dollars. S37S. 614.O43: Subsidi-
airy silver. S1J.I3O.y7G: gold certificates.
S491. 10000: silver certificates. SILL
3J9 J9J: treasury notes. account July II, --
1880. S34.4GI.Jlg: United States notes.
S121.22g .GJ>: currency certificates, ac-
count June :. 1870. $1,000. 600: national
bank notes. SlU.1S32S2. Total S6S4,-
J19,9S4.
All Of these forms of money have been
maintained by the government Mt BAR.
and they travel the circle of the world
without dimnution of their purchasing
power. Though silver bullion has fallen
TO nearly oue-half its former value. vet
We have used il and maintain silver coin
to /, Bnt now We are brongbt ~ face co to
face with nronositinn which If aGroed
to. will MAKE silver The sole standard of
value for MI deI.S md cr.ditS for tho
wages of Labor and rho ru~cbasa and
sale of pronartv Tho Jamorraric Marty
nj itS recent cnnvantinn NJ CL,cagn oJnni..
ed n resolnti0n in foynr If tha fraa coin-
n 90 Of silver ~ rho rotio ~ IL rortS ~
silver TO MARI of ~old W. tnow
that in the United Stotes rbirtv ouncnS mr.
more of silver can he nurcbasad Inv one.
ounce of gold With rho frna COINAGE of
silver gold will he demoneti1nd Wofbinr
can be more certain Than Thar rho cbaon,
er money will ONLY circulate The ITnit.
ed States has thus far maintained IFS sill
Yer coins at n parity with Gold only Inv
its exclusive monopolv of coinage and
limiting the amount. hur vith rhe free.
coinage of silver there can he M Tmitinr
the amount Silver bullion in every
form will be pressed upon the market
and with the mandatory of free coinage
silver dollars will soon fill the channels
of circulation and the gold dollar will he
boarded or quoted and sold as n COM
modify of 1911 cents of the silver coin.
Silver will stand as the par of value. and
gold will be quoted at its commercial val
ue. Let Us contemplate for while the