The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-30
An ENGLISH VIEW.
Manchester Guardian.

ment of readers in his country for tbs
remonc. izat;oa of SILVER In the United
| Sta3cs Owing 10 The tendency of the Len
| don press 10 treat the whole question as
| a mere fad" and 10 the eX .eat TO which
prejudice has prevented leading public
men from making themselves acquainted
with its merits. there is still an .Niraoril-
| nary amount OF ignorance of the real na-
tare OF the greet controversy in this
country. Not long since 4 was st.il pref
,y generally asserted ,ha: the silver move
! nent In the Uaitcd States had no ether
| basis than The supposed interests OF Sill
| yer mine owners ANXIOUS 10 obtain a
| higher price for their commodity. a cause
WHICH has apparently arrayed the dem
aimcs; a. i whole. and even these OF gold
| producing California and OF such States us
kentucky. Ohio and Illinois. against the
Ess.ern States. and has developed say
! ;ionai bitterness OF remarkable intensity,
| can no longer be aser,bed as Il mere sill
YER miners movement. And the wording
I OF the plank" as ADOPTED by the reso.u-
| lions committee OF the Cn.cugo conven-
! ZION should do much 10 promote jus,er ap-
1 probation IN this country OF the real con-
| novcmtn The ogoad fact 5 that through
| me in'sTia.ionas den ieuetlzation of siive.
ne mating va.Ge q the silver dollar.
crued y The ratio Of IL TO / has been
reduced 10, say. - cents in gold thong II
- SIN eitriAalss. or the paper issued
aeA.1st IS. a; The par rate OF 40 cents.
To- Apprehension OF the so-called gold
lies mat me reopentng OF the Ameri-
can MINIS without agreement for similar
action 10y oiher rations would result either
N ~ eistpIearan g Of gold and the foil
o
Iapsr dollars N The present netting value
q silver coin, or ~ such al imitation and
sc 81 prices that ese-a " N the mainten-
enee Of the par, The purchasing power of
ne gold dollar Itself woHld be no more
nan that Of % cents at present.
1t is N view OF these prospects that the
proposed free mintage of silver is de-
nounced by TIE holders OF mortgages or
iavestmcn's as Reputation" The silver
men. or. n other woris the producing
classes OF tho Southern ana Western
states. as eistlnct from the commercial
and financial classes of the Eastern
States, look IL the matter from another
- NJ Of View. They say that according
Il the constitution tho silver dollar IS just
as much Sound and honest unit of
Ihe monetary system II tn, United States
as the FuIec--ur was until The III .nts were
c.esei-a sound and honest INIT of the
currency OF Ind a. They danounce its de-
rnouet.2at!on a. Il fraudulent at, carried
mp erect by the i.nane4al classes in yo-
.lilcn o. tins constitution. and a. having
i'rri 'naqe Pc sip.e only 10y the general
ignorance Of the people as 10 the meaning
and purpose of tho. operation. To th-
charge tina, they wish 10 pay their debts
~ yl-ctpi dollars. they reply that. owing
10 the appreciation u gold al tn expense
OF silver and the consequent fall II al
prices, hey are being forced practically
10 pay the Nfs-lc OF ai,out 81 10 creditors
70 whom they only owe 81 And they fur
prices Gnder the existing system 3cpr"es
| ne producer Of 81 hope OF attaining in
dependence or sffncrca A. IT, r-ward of
him. as (;overnor Ai,seld puts H. the mere
N7a~sai' Of The money-lender. /, * from
I Ih g9.gt .. Mew mt Great Krlta,. as
The declaration ~ the originator and sup
rte Of gold =, mon9meta-lism from
j. fer very widely on nj rhese points ani
ctttuin IL is that yer, man, eminent b.
mcin!llsis IN the fuitcl States who hold
that TIE demon tialfion OF SILVER was
both a hlunder and 9 wrong nevsr,heiess
oppose the proposed free coinage of silver
by the tinted States alone as Nkey %
prove an unwise and even fisa s.rous step
'ug the so-callad ''si.verites,. Who are. il
may quite safeiy he assumed. I,ist AZ con.
firmly convinced that right va on their
| sldc Iae silver men AT Chicago are At
least atle to ,point to tho ract i.sat the
| PEELED The I'n.ted s,ates Ia linz Of psae,,
20 ihcur an addit!onal loaa u leh' Of the
magnitude of a war debt by selling bonds
TO Nc very ilnanciers who are the chief
| upho.aerA Of the gold policy. and that 10
d a,, IT, Ian o. ssgnRe from ths ,nneus
forward.
Exaggerated dcruncis'iona OF tho ISL.
ver.tos." such az those IN which the
| Times INDUCES. are tho more to he de-
porod because they rot only tend 10 in
| terHfy American ccn,ict.en VI Iir.dsn
| "rrced"-in this connection an American
paper reproduces the "old-fash.onod" saw
.ng Find out what John Bull wants you
| ~ 10. and don't do h.'--out they may
tend to bring to pass wills which nigh,
| not otherwise come aboIi. i1c.r, after nj,
y does not appear AZ an CERTAIN thar even
a free coinage platform would nec.srar-
| ny lower the American exchange 20 81
leasst Just postsb that IRE. coinage IN
tho United states might have IN. erroni
OF restoring confldence Ia siiysr, q vine
stimulus TO hts Mst and helplng forwlfd
mSerMlly Me appfoNlnaf on OF .ts t,tl
ion value 70 the American par with gold.
| M1reoie r we may reasonably ah,allu. NM
l.sipIe new American gov.aglInoi1 t",k
the free coinage step IL wouid az l..,s,
,niu,r 10 Mha l., e SIi other govern.
with view TO preventing poss.b,,, con.
| sequences which wrrild he more d,.,ri
those OF the people of the III, ed si,, .s
we must not forget. that when opposing
Sir Henry Meysey Thoml@ons motion in
| 1873 for new monetary conference" a."
| Gladstone and Sr William Harcourt com.
planned TINT the United slta.,s did IA,
| seem disposed to take any definite fni,ta.
| tive N order to restore silver. and ina,
| the present chancellor OF the oschefti"s
stated IN nhe house OF commons In Mare,
laat that IN the event OF any other ri"h
moving IN the direction of bme.a,IiN,n
Lord Salisbury government nas n,e
pared 10 sanction the rropening OF IN.
Indian mints and 20 adopt other measts.s
| FOR promoting the monetary use OF sill
Yer.
THE CRY ar "DIsHONoR."
Cleveland PA lndealer.