The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-08

upon the statute books we ha' ceeded
far enough TO discover that u re an
nouncement OF republican success does not
restore prosperity If the adv coates OF free
silver had won every bank and business
failure would have been attributed to their
success. and the gold standard papers
would have been loud in their wailng. But
the republican organs. although compelled
to chronicle an increasing number of bust
ness failures over the corresponding period
OF last year, never connect these failures
with republican success.
During the month OF November, 1896
seven National banks failed, and in the
month of December eight more closed their
doors | find upon examination of statis
ties that December witnessed the closing
OF more National banks than were closed In
any other month since January l, 1898, c&-
| cepting the three months Of panic Of that
year.
| one bank announced, as the cause Of it's
| failure. Inability 10 realize 81 upon as
sets" This notice was confession Of
the argument made during the campaign
| by the advocates Of free coinage. We have
| all along insisted that the gold standard
was destroying the value of assets With
money rising IN value and property falling
| in value. hard times must continue.
| That this is not due to local causes liz
| evident frorn the fact that the same COM
plant comes from other nations. The
press dispatches state that the holiday
| trade in Germany was a disappointment to
| the merchants.
| Tho fact that Senator Wolcott Of Colo
RADIO has been sent abroad by the president
elect as an ambassador most extraordinary
10 bring Europe to bimctallism is an evil
dence that the gold standard Is stll con-
coaling its blessings from American peo-
| pie. If the gold standard is the standard
of civilization why should We risk re-
| turn TO the barbarian by chasing after
| international bimetallism? II Senator VOL
| colt succeeds in stirring up silver aSi-
tation in England he Will be accused OF
disturbing business and destroying con-
fidence in that great centre of financial
confidence. London. II his crrand proves
a frutloss one, It will only give additional
evidence that the United States must act
alone. If. in other words our opponents
succeed in bringing bmetailsm about.
! they will relieve ug Of a great deal OF
| labor and enable MS TO turn our attention
to other reforms. II, on the other hand
they fail in their efforts 10 restore himetal'
lism after conf sfinp that bmeialism Is
| desirable. we may expect the American
! people 10 Join with us sl the opening OF
our mnts TO free and unlimited coinage at
| 1G to ] without waiting for the aid or con
sent q any other nation"
1t will be the duty of the jackson elup
to point out from time TO time the enecl
of republican policy, so that the work OF
education Will extend over four years in
stead Of being crowded into few campaien
months. The members OF this club should
not be deferred By the charge that they are
agitators. Democrats were never AFRAID TO
agitate against the Mckinley bill' the re-
publicans were never afraid 10 agltatc
. he bankers
now agitatlng. through their conferences
aud conventions and through the press,
against our present currency system. why
should those be silent who believe that the
| gold standard Is ruinous 10 the masses
This club and similar clubs can also Keep
before the people the p-ssress Mhich IS
| being made by the trusts. They can Sc
cure such legislation as IN possible ana
| hiring what influences they can to bear
| upon those officials who are charged WIN
! the enforcement OF the law. Let me can
| attention to another work which the clups
can do. They can encourage the support
| of those newspapers which are opposing tho
! gold standard. No newspaper can long
exist without readers and unless the ad-
| yocates of free silver are Wiling 10 sup
mort newspapers which represent their
Il ideas they must expect to be without news
papers.
that the clubs can perform. that they car
he preparod to mako such canvass o.
their respective localities that they VII
know whether a sudden increase in Tbs
vote means that there is usually large
stay at home vote or whether II means tina
all the votes east are mot represented by
legal voters. a..
Chicago is the great metropolis OF tn
Middle Wvt and you who live In Chicago
viii exert large influence upon the poll
ties of the States tributary TO this city
rejoice that the democracy OF Chiis.o y
supporting the principles OF Jefferson an
Jackson. and | rejoice that the democrat
OF this city are determined 10 continue III
fight for democratic principles In re fac
Of all opposition. bid them Godspeed Il
their work and. as ! believe. IN the ulti
mate triumph OF the right ] can encouras