The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-03

opSundtHly fe1ecIfg All IDEAS or lntNrnn-
tional timetable agreement. then should
cease u, he an International bmctallst-
which nearly all my fr ends IN the United
states are and should 70 over unhcsitat-
tngly to the camp OF the silver men.
AS n matter of fact, In i's present eco
nonric situation, the umte1 States OF
America, that great and youthful Nation,
suffers much more from tho mercilcsS
conflict thslt has been In progress between
gold and silver since 1913 than England,
a very wealthy country, crcdlto OF inc
rest of the world possessing, resources of
every kind and enormous financial re
serves. which enable her to endure Win
comparative ease the econcmlc CONNECT.
tion Of those nauons whose monetary
standard Is bepreciated IN regard to gold,
Ike the countries of ;he far East. Mex
leo, the Argentine Republic etc
Tho United States OF America, on me
contrary. are debtors 10 Europe for por-
ton of the sums which they nave ON
played N the dovclopment OF Their ,ndus-
trial system. and must necessarily hnun
ate thar debts abroad by reaisirG uioh
the products OF their soil ana OF 'h"'
Now, as these foreign debts are. on the
| unc hand. contracted IN gold, ana as. WI
| IN, other, American products IN Europe
| nave TO reckon with The depressing COW
| p.stition of similar products eNpor'cu Wy
| usr money. IL follows that The alprerla
| lion of gold IN regard 10 oliver, ,nht M nj
taken place since 1873, has had y ,Wo,,l aHa
result FOR the United States winch naNe
| remained faithful 10 the single Snh> flhn-
aard since mat date-nanoly: a. II has
diminished by half on AmeIic ',o wrI'i rro3.
| nets which are subject TO the ailu o9',,lH
tition; and (21 It has doubled ~" Ssm ad p" IN
don Of the debts eontr"teu a2','n ri
| gold. since double the anans'N "a iA;,n,.ga
am products u now required 10 h.s',, ,, IS
the annual liabilities arising from '''o''
debts. ENGLAND have
o,.t,tnr,iv ,elt Inc depressing influence 81
tn. same compost ton WIN s,i,,,,tnu'y ann
ucts from countries w rtotsd "1 in regard 70
ycid aud In this respect EnBheh w III, III
| tursts and manufacturers hlr ~ w .v,i
aiiy a,i,s',r IVA ~ rnanufacrurers of tho United
states For this reason an uhn,n ~, mo
hetwcen tho two countries lo 'qlll,ir,,n he
Wv as,ohlehmpnt of the elu'hntl.'
t,v.cn tho two monetary bianuai"S nf
INC rnaintenauce Of a fiane pa nogSicaI
exchnnge for tho future WIS ,,o,ld
r1naonah l., and desirable tor 'hc WIZ"
nm nm ~ tho interests of English agrie ,siy
turists and manufactuirots ~" ~ Countries
affnried bv the competition VI s'Dn,ho,d
nii''' denreciated monetary sinhyt,n,
III. exterior fmansos of lhe ILL Iutrla,d
dom do not suffer th o,ed 'a,t,r"ad and in
INC respect at least. the Ehsaisbni the
thnt partioular evil from " W" america
si,,arcas of The United states OIL ""'''
su Mnr, horm"re' England bong ,m,ao
crediior of foreign countries, - MI m liar.
bankers can aas oc,teroricnl a manner III
Sour s.s u,p on the 18th Of Mnrch ins. a az
the house of commons ~ Increased pur-
caplIa, mo,,c. of the geld due tncn iiu ~
nmyrnade The amount when, owu 'r ,,noried
fan IN the g9l4 prHlG oh 20 Countries is lost
mo ~, XIV n's%rriirultrrists and manufacturers
OF tho United kii,s 20 IN the United States
"a tnnl w No most assuredly not io'
o. o., H'i are debtors in gold 10 ior.,snt these
~, 80 and Il Is with the proSetns ~ which
same ptoanna ,,,SSr,.cistId hv The competition
M 'uiIyer standard or paper tt"' NV their
,r,es that they are opise' :" f'
foreign au.' Tho present monetary situa-
.sl,, IN the United states Is uoro3 or
favorable TO the , seono owing to the state
VIA. ,trs now obtaining, the eoIv,, 7,i,rSy
ard countries OF EUROPE anI ~ rs f;oeisnd
NJ ~, n,snufacturlng countries - ~ 20 mr.
the NJ , uo,,sly advantageous 10 Pun
mn u mem raw materials IN lni osea w IN
tries whose stapdlra ~ Sslatic countries,
TesStIaa a. ar the Argentine repup pun, menu
ItuS ,he other hand, 70 50 ,,nap nar-
9nrtnred products IN VIZ CO.. IN eold cur
~ 10" vyhere they are pa,a lor :" s'''
rency , monetary policy OF the
United sta'es he interests OF England. a
wa ,,5onofnetallic country; ILL =, tnanciai
E r. ruinous az regards ne toI Ana especl-
] ttnus of the tli''
relation hr "a native products.
any why, innsmuch as Ens1n" ,ar-
ms is,svsnts the realization OF lnm
III ,l W nal hualsm a ara 1 ,oSonsInets,am
haI, -, n,ber half 10 silver moIotI'', III,
nnn " woIild rot hcslt ate. wtfs l - ~
llsin' The Tinted states 70 n.rIconan nj
zen U,.,I The father OF inirrnt' W ia a
~ Tis,n M / am every "hcre c'i'"
: SLY nv theoretical point Of view ,hs
: cn5n,rs ~ silver ~ 10 10 tr.r,s',h NJ
is hiv by the unsiei s.a'e, MD wd'"nb h. "a
conc ,,,, sni,,,on bat Z, would nevertheless
( s,en in the direction Of fnt"-ns, ,ha
!, ~. ,Ia..n i,isrn. fer under the regime "l ~
< n.,,, standard the productive ppW'r =.
G ~, ~, t,,s,,el states would receive 50 .nor
e me an Impulse. and this dcyelon,nn,cn,,,
, Wou' ,ho economic and financed ln.c''se4
=. t,ngland and the Q'her F,ironrth III
I, 81 ~ 70 ~ governed be tho gold -tannN.
. M /, may he confidently rredlri,1I IA
= M 4,.,,,ce that tho course 81 even, Woh"
tor,e he ador,ion 81 ,nternats'nal p, ~,
> l,,is,o az .hn only true sotution s,.n "l s.i
= -, Who today deny the possibility an"
:, efficacy OF Il,
RATIFIED.