The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-04


toiling through the qulcksands OF uncer
ainty created by vicious and selfish legis
lntion." Here again We have the truth II
brief. Trade and industry are stagnan
because the people who mako our market
are unable 10 buy the goods tina. are OF
ferc'i. The people are unable 20 buy be
cause the prices OF their products are 50
low that they have no money to buy The
things they really need. Prices are low
because everything is measured by the
value OF gold which has been constantly
increasing during tho past twenty odl
years, especially during the past four years
tho increasing value OF gold being due
to the constantly Increasing demand for
the metal as the only sound banking re-
serve OF the nations Of Europe.
vicious and selfish legislation has
hitched our prosperity to the sold standard
and the result IS seen in the disasters, con-
Hiantly growing and aeeumulating, which
the people have experienced during the past
four years aud which they win continue
to experience so long as they allow them
selves to bo deceived by those who are re-
| sporsitle for the vicious and selfish leg
islation" referred to By the New York
Herald. That the demand for gold is more
!ntoase now than at any other pericl since
the discovery OF America may be judged
fro,s, the fact that the metal Is now CON-
manaing a premium over the min: price Ia
England. and I, is now being exported
from this country in spite Of the fact tina,
the rate OF sterling exchange is below the
point q, which gold shipments are rrofi;a-
bic. The result Of this. in the very nature
Of things IS Obliged to De the -t4gna;ion
Ct trade and industry. and tho growing ac-
cuuuiat,5n II iilc currency ~ The great
financial money ceniors. The consumers
who mako Profitable markets for manufac-
urei goods arc themselves producers anil
they are no, able to enter the markets and I
buy when their own products VIII COM /
mand less than onc-half the amount that !
was paid for them four Years ago. Thee
facts are the A c OF the currency Ques- !
tion. simple enough for a schoolhoy % I'M |
derstand. 1, may be that a majority q the !
them, but IN that case they viii have TO
gay the penalty of 'hsir Ignorance We
should, think. however. STINT The object les
son they have had for the last four years
wouhi be sufnclon; to convince tho dullest
mind
Meanwhile We are TO have another oh
ioct lesson The republicans havo under.
taken 70 prove 80 the people that PROS
pesi;y can bo restored by le,yps higher
taxes The manufactures say hey would
be PROSPEROUS " they could ,ommlul more
profitable prices f3r tlelr goods The re-
ruhNcaus have respon3el hy -lgins ih m
A warrant 10 the shape Of a tariff Law TO
large hiEhar prices. Presently wc are
to sec hos this achomc works. Thu liorall
cries ont that the republican
tariff Win bring ruin Oh the country. but
ID VIII hardly add to the hard times that
row exist IF THE PEOPLE CAN NOT
BUY MANUFACTURED GOODS AT
PRESENT PRICES. HOW CAN THEY
BUY THESE GOODS AT HIGHER
They will simply leave them on
The shelves ana counters Of the stores, r8
they arc now doing The real question in
regard TO the tariff is not what are the pco
PIE going to do about it but what viii the
do about 1t when they dis
over that they have been delulcd?
The people, Of course viii have some
hing to say for the republicans haze told
hem ,hnt the tariff viii restore prosperity.
fhcn they discover tho deception That has
'ecn practcuI On Thorn, what viii they
To- There Is but one thing they can dc.
id t1t-.t o. AZ. o.