The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-03


need not longer make fools OF themselves
to exploit a few biathcrskites and hum
bugs and anachronisms
From the Atlanta Constitution.
THE TRUTH WELL STATED. The
truth of the financial situation has never
been better stated than in the following
excellent editorial taken from tho columns
of the Covington Star:
1T has often,been stated by those who
depend upon others for Their ideas and
opinions on the money question, that the
single gold standard of primary money
must be the best thing for the people, be-
cause ,1ost Of the bankers and rich men
VINO possess ge amounts OF money are
generally In favor of it.
But this isia mistake.
III is not because 1t is best for the whole
people that these men favor the single
standard but because it Is better for them.
and enhances the value of their dollars
Ihey care nothing for the interests of the
People. only so far as their dollars may be
enhanced in value by the increased de-
mand for them ON account of their scarcity
in circulation.
The single standard makes a scarce dol
lar and scarce dollar makes more
valuable dollar and cheaper products Of
labor.
1t Is u good thing, OF course, for the
people TO get cheap goods, but as so or 90
Ter cent of tho people are producers Of
marketable goods. n much greater number
are benefited by resolving good prices for
their products than are benefited by rea-
son of procuring cheap goods.
As the dollars become scarce they be-
come more valuable and the prices of
farm and other products become lower
and cheaper
This exposure Of the fallacy that cheap
goods benefits the people is complete and
crushing, In country. as so tsrsely
stated, whore almost the entire population
is the producers OF marketable goods. they
are much more interested In getting sood
prices for them than in having the oppor-
tunity OF going to a store and buying some
thing cheap which they do not want The
dear dollar gives but poor return to the
products OF the laborer OF the agrieultur-
alist or Of the manufacturer. The man
who brings busbei OF potatoes to town
wants TO get good price for them; the
laborer who hires out his services for the
day wants something substantial which
he can carry back 10 his family; the manu-
acturer who has his output of millions Of
dollars q year is more interested in got
ting good prices for his products than he
is trying TO squeeze out a margin between
starvation markets and the wages he pays
his operatives. Every man who works.
every man who plans, every man who
thinks, every man who takes part In the
active affairs of life is opposed to that
dead weight which, In tho name OF interest
would crush out every enterprise, close
up every mill, and leave the farmers prod
ucts 20 rot in the field. The United States
Is selling Nation. whose people are not
hat MA. gbg
all progress and look upon themselves A
having reached the end OF enterprise, and
lorne down to the subserviency TO the
money power.
The Covington Star 10 to be thanked for
It's able presentation Of this question.
From the Indianapolis Sentinel.
STRANGE PROCEEDING While
Great Britain is being startled by the an
pearance OF an intent on the part OF tha
British government to lend Its aid TO tho
restoration OF bimetallism, we have n
movement in progress in this country
equally calculated to raise the ire Of the |
soid bugs This is described by the es-
teemed Journal thus:
The mints are coming silver dollar~ "a
meet the demand OF the country for them
true, there are millions and millions =,
them Piled up In the vaults OF the treas. !
WY put against every one OF them is an |
outstanding order in the form OF a silver /
,erurtcate. There is said 10 be growing
iemand for silver dollars In the south the |
'oior.d people preferring the silver coin
@ niiis, To secure these dollars the bants |
'ena quantities OF tho treasury notes a.
,' Tor the purchase of silver bullion ana |
a ,an 'esai tenders, for which gold may be |
.snSeu; These notes. redeeSned BY the
Many q the.e sllvsr dollars return to he
ana siiver csntificstss are =.