The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-02
YINC TO CREATE A PANIC
CoIdbugs Arc Industriously
Working to That End
ENTHEYDENOUNCE SILVER DOLLAR
y Declare II to He Good for Only
Fffty Cents, Knowing IL to he
worth One hundred Cents.

darlington, September 1.--(Special.)--
newspapers that denounced William
kings Bryan and tho Chicago platform
year are pointing with pride to tho
in the price Of wheat and the decline
he price OF silver and are saying ex-
Ugly, 1--WE told you So" And while
are thus apparently bubbling over
enthusiasm, shouting in clarion tones
prosperity is at our Threshold, they
losing sight Of the fact that the ar
ent they are now making fully sustains
position taken by the silver men in the
campaign.
ngressman R. G. DeGraffenreid OF
Is, who has devoted much time to the
OF the financial question. said to
of friends that nothing could be
easily explained than the late rise In
bit and the fall in silver. Its an Ill
J" said he. ''that blows no good Our
ers are this year blessed with album
crops and the wheat producing coun-
on the other side of the ocean are
galnst it. Their crops have gone back
Them, especially in India, the country
te wheat comes into competition with
OF our own. In other words, the de-
b for American wheat is almost greater
J the supply. and hence the big prices
In the spectators are Just now reap
OF course, am sorry TO say this will
always continue. for next year the
hnd for wheat, by reason Of good crops
he other side, may be only normal, and
bat event our farmers will not receive
more for their wheat than formerly.
Yet the mints of the United States,
land, France and Germany be opened
brow to silver" continued Mr.. De-
enreid. and you will see the price
be white metal rise steadily until it
hes the level OF gold. Why would 1t
Simply because of the demand-the
as the demand now for wheat.
mother thing to which I desire to call
attention is this: Since the fall Of
price OF silver during the present few
IS the gold press of the country. with
ish delight, has with one accord, de-
ID that our standard silver dollar was
b but 40 cents and fraction, which
S from day to day--sometimes more.
timee less. 1t seems to me that the
Gates of tho single gold standard are
on bringing about another panic such
to do 1t is by denouncing our standard
dollar. which, they claim, is not
a dollar. II they can instill that
into the minds of the people, 1t will
about one of the worst panics ever
rlenced by this country. People who
silver dollars will demand their re-
tion In gold.
bst year Secretary Carlisle. In a
ment he made during the campaign,
bred that If necessary to maintain the
N between the two metals 1t would
! be duty Of the government to redeem
r dollars with gold dollars. By that
ration Mr.. Carlisle virtually repu-
ID silver as one of the moneys of final
hption.
ow everybody knows that our STAN
silver dollar is worth 100 cents and
100 cents of debt--as much so as the
DOLLAR.
his continued denunciation and libel
Ir four hundred million silver dollars
The charge that they are worth ouly
over 40 cents apiece, is not calculat-
inspire confidence in the government.
than anything else, the charge that
silver dollar is worth but trifie over
fnts, but will pay as much debt as the
dollar, Is a sufficient answer to the
bugs.
his country is big enough and strong
Ugh to open its minis to silver, and II
were done the price of silver bullion,
the price of wheat, would go up be-
E of the demand. The purchase OF sill
bullion by the government and the
coinage of the white metal. the same
accorded gold, are entirely two diff
t propositions. If the government
buy all the silver produced in this
try and coin it. it would not help mat
much. for the government could still
scriminating against the white metal.
he only solution of the question is to
the minis to silver the same as tc
prnenorst,Y
contraction OF the currency. which the
bugs are doing by discrediting our
lard silver dollar.
hat the country needs is more money.
Will be the issue In the next cam
In my judgment that issue will
icnrgunn Canal Commission.