The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-15


ment. Science and invocation hal not been
idle. though their application had been.
ami called for money and labor for uphntsd-
ing. improvement and operating All ihangs
combined demanded construction OF vast
lines OF transcontincntal and other rail-
ways and countless other works for accom-
modaung our abnormal eNpaesicn: and
80 all aud everything created a demand
for Industry of every kind. SuChnas the
world had never scen-a demand ~ can
never be duplicated within thcNluiieS
States.
While this demand continued Il was
| Iimitiess as to labor, skilled aud nnskiiled.
and our large supply, augmented as 1t
had been by the liberation OF four million
slaves, had remuneratiVe employment. as
did the thousands who. each week. landed
on our shores from foreign lands
But like everything earthly these condi-
tons had an ending. As work after work
| was finished, the employees engaged were
thrown on TO others. Fastening lseir COM
! pleuon. while the people lost. one after
! another. the markets for their products
! construction OF these works afforded them.
] While the great demand lasted a healthy
balance between supply and demand was
maintained. and prices and wages were
! remunerative, but soon where work and
| consumption had sought labor and pro-
duets. labor and products were seeking
| work aud consumption The result was
inevitable under natural laws.
While this demand was lessening. our
| supply OF labor wsS being Increased BY
the landing OF hundreds on The arrival OF
each ship from abroad. and nine out Of
ten OF these Immigrants must have wage
work from the hour OF landing.
We acquired an ont o: proportion supply
OF labor which II Will require years to as.
| sIiniiaie. No other country could have
borne up under such unequal burden. one
'Nihe Of the time the United States has
no other government would have permitted
such Inequality. other countries can not
employ their surplus srer putting so large
part Of IL OF on 10 this country.
Now, then the people were prosperous
because employed under those conditions
Yet they had aud applied that prosperity
without any real money at all using rep
resentatiyes Of standard money forced by
rhe eXtgences OF wari hut the great demand
for products and labor existed A medium
OF exchange being pvohta.ly and iuu+,ra.
/ lively required those due bill. with a
| fearful discount served A temporary pur.
pose II the greenback had not becn In ex-
istence the demand would have been met
by some medium OF exchange
on she other hand had such conditions
been lacking there were no means OF put.
ting or keeping in circulation any kind Of
. money
The laws that give a reople prosDeritv
ara natural nm. nu.ct.1 lou
Legislation Of a natural parliament may
of r,,,,-a,s - h,, 80 NNu ,s
OF mis- ar ma, art. ~ '"e pv'tey
nrcsrartt, 80 ~, ts,,a w. o4 t0ou u
Let ma r,t,,s coi, 80 ~ "'u'u'
or silver dollars thew Will no, no trvas+.1
giving ,.orl,s 49,, 49, vi p'nel wax,
nv conditinTs ~ ,i,i, ate uo' aesI4huei
raj5 on, fa- Ia ~ sutH uoia'S ps
b,.yond =, re,,,,,r.r,,i,. In -, man iaciure
,bev er,.io,. - - PHI nor ys. VIII
40 M, a. t V.'' man "neFe CONDITIONS
indienarsoti, 49, ,'rs0y '''s"' R'o"'"oie OF
T.ng,slstie, so, 80
inc - ~, 1'''i y. 60 ND"u' Ions employ
lt,,itsa -. PiUi"elS 10
,ha -, -, ~ - -. - 'h'S "'n ueiP
49, r'Vt'o 0u MAJ sN,eht, Net 'hls lesis-
,rsr,i,,, ,,,,,Ii,.. -! 'ue Fer! people
nronria, in,,s go. to' II h'us' DC pE APP
s-5 r,cb, - ~" ane rtaeFat treasury.