The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-05
1T is VERY EASILY ANSWERED.
Hon. Pesssns Tells Correspondent About the
Price Of Wheat and Silver.

upon Mr.. Bryan's defeat, and a brought
about fall In silver on the closing Of
the Indian mints and the repeal Of the
purchasing clause Of the Sherman act.
namely, falling OF In the present aud
prospective demand for silver for monetary
uses.
The friends OF bimetallism have OK.
pected this decline In silver. as they bad
no faith In the republican platform. which
declared for international bimetailsm.
They have never believed that interna-
ticnal bimetailism could be obtained by
agreement. nor have they ever expected
that the present administration would
make an honest effort In that direction.
Events have Justified our prediction. The
wolcott commission has accomplished
nothing. II there was ever u chance for
them to accomplish anything. that chance
has been destroyed by Mr., Mckinley.
While that commission was endeavoring to
persuade the European government to en-
ter into a conference for the purpose OF
agreeing upon plan for international BIZ
metallism and before any answer had been
obtained by them Mr. Mckinley sends his
message to congress advising the appoint
ment OF committee OF experts hank
ers, l presume--to remodel our currency.
not Upon broad bimetallic basis, but
upon the narrow gold basis.
He thus announces to the governments
OF Europe without waiting for their reply
TO our commissioners. that our government
is not In earnest about the establishment
OF bmetallism, and that they need pay no
attention to Mr.. Wolcott and his associates
end that We propose to remodel our cur
rency so as to make the single gold stan
dard more secure.
The timo at which Mr.. McKinley's rics-
sage was sent to congress, with the knowl-
edge on his part that as the senate ia row
l ~. .l.lI. a 49,
be adopted. makes IL plain that bis pur-
pose in sending the message was to dis
credit the Wolcott commission and discount
any chance of success they might heye.
| have already made this communica-
/, tion much longer than ! Intended, but l
| can not close without a word OF encourage
| ment TO the bimetalists. We need have
| no fear OF the final triumph OF our cause.
| because II Is the cause OF civilization and
| humanity and the issue will not down. &or
| be settled until II Is settled right. The
| great world battle Is still on. The ques-
| tion as TO whether or not the basis Of our
| currency shall be enlarged and strength
| ened by the use OF silver as money OF
ultimate redemption 30 that our circulating
medium may be safely increased to an
amount sufficient to transact the business
OF the country and to ensure TO the pro-
ducers OF wealth just reward FOR their
labor is still the great political issue.
Every indication now IS that the verdict
OF the last election will be reversed in
1898. AS prosperity producer the Me-
Kinley administration Is an ignominioue
failure, Nothing but the misfortune OF
Europe, India and South America. N the
failure OF their wheat crop for tho pas,
two years. which compels Europe to buy
our wheat at an advanced price, has pre-
vented this administration from having
TO resort to the Cleveland policy OF selling
bonds To maintain the gold standard.
We have paid our interest to Europe II
wheat instead OF gold and thereby relieved
the drain on our gold supply. Hundreds Of
thousands of sincere bimetnllists who yotet
last year for Mckinley believing that tn,
republican platform declaring for interna
tional bimotallisn should be honestly car
ried out. seeing that IL was but shan
and intended to deceive the people. vii
now vote with that party which boldly an
unequivocally declares It's purpose 10 re
store silver, without waiting for the con
sent of foreign governments.
Our brethren are already in the field
From the broad and fertile plains of lows
from the mines and fields Of Ohio an
across the rugged mountains and along tn
blue grass valley OF "Old Kentuc" come
the bugle call to battle. The hosts OF dc
mocracy are gathering. They have fun
their banners to the breeze and upon thos
banners are written. in words so plat
of old-time democracy, pure and unde
filed. I'm Hoe sign vinces,"
II. A. Peasants.