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

between the democrats who remained in
the party and those persons who Went
out of the party.
a party is defined as an association of
persons who agree upon an important ques-
tion or questions, and who unite 10 give cf
feet to their ideas. The money question
became the paramount Issue of the day
the democrats In convention took a posi-
ton upon the question, and made a gal
liant fight in defense o! the platform adopt
ed III the money question was now con
sdered settled. another question could he
taken up and a new alignment made. But
the money question is not settled. The
contest for the restoration of the money
Of the constitution will 60 on with re-
newed vigor The people who advocated
free silver before the election advocate II
now. The election has decided the nresi-
denoy for four years and IT has deter
mined the complexion OF congress for two
years. but il has NOT overthrown the con
victions Of those who believe that the gold
standard is a conspiracy against the con-
ivictiong OF those VITO btiisgc that trusts
must be abolished and corporations made to
obey the Law.
This campaign has shown the impossi-
| blity of Keeping the bimetallists and gold
standard democrats In the same political
organization, and 1t viii be a more dun
cult task in the future than II has been
| this year. To use a common illustration,
!
few ducks which insist upon padding in
| the water while the chickens are content
| TO scratch upon the land. The democratic
| party will in like manner be i'll AT ease If
| it has n few wcb-footcd members who IN
! sist upOn crossing the ocean while great
majority Of the party are willing to ind
their political food upon American soil
Not only is this separation between the
J gold standard democrats and free silver
democrats a necessity but it ought To be
desirable to both sides. II the gold stand
ard democrats are as bad, politically, as
! We think they are we ought not to care
to affiliate with them. and If those who
! supported the Chicago platform are hall az
| bad as the gold bugs say they are, they
are apt to contaminato all who associate
/ with them. In my opinion there should
| be no compromise of the issues involved
| in the late campaign, and no terms short
J of absolute surrender offered those who
/ have deserted us. II any gold democrat
! becomes convinced that the gold standard
| Is necessary, or becomes a defender OF
! trusts. he can leave the party and JOIN the
| boiling democrats or the republican party.
! n nnv holting democrat sees the error OF
his way and is willing to endorse the Chi
cileO platform ard labor with those who
| seek to carry it into effect, we will welcome
such democrat back into the fold
We are engaged now in just such con-
! ties, as that through which Andrew Jackson
/ take announcement from his devotion 10
the cause Of the people. He gained his
greatest victory in his fight against the
| National banks.
| We have the same fight on hand today
! The National bank is seeking to force
/ retirement OF the greenbacks and then
/ monopolize the issue Of paper money. The
republicans, during the campaign JUS
! closed avoided this subject and refused t'
! declare themselves either for or agains
| the retirement Of the greenbacks. But
! when they come to apply their IDEAS Il
/ legislation they must disclose their Views
A statement issued by the treasury de-
pariment near the close of December
! showed an available cash balance. includ
| ing gold reserve, of more than S225. 900 900
or this sum about sjO.OOO.O 900 were II
| greenbacks and about $50, 1000 900 in treas
ury notes. This money is either coed o
| bad. II II is good it ought to be in circu
| lation among the people instead OF locke'
| up In the vaults at Washington. To keel
! a balance OF $225. 600, 900 in the treasury
when the money is needed among the PEG
pie is inexcusable The only way to sc
| this money out among the people is. first
| TO have the taxes less than the expendi
lures. in which case the amount OF IN
| deficit being saved to the people in taxes
is virtually paid to them In the proportion
in which they pay taxes and. second, Il
loan IL out through banks or other agen
cies. We have now surplus OF abou
sl25, 900, 900 above the reserve. For tn
fiscal year ending June 80. 1895. the ex
penditures exceeded 1.-THE receipts nearl.
$42 900 600; for the year 1885 little NOR
than $4,000, 900.
II the republicans attempt TO increase IN
revenue they must expect either to inereas
the expenditures or the surplus in IN
! treasury. l think we are safe In assuming
that they are hostile to the greenbaok, no
| because 1t is inferior 10 the bank note. bu
| because the National banks desire to retir
the greenbacks with bonds and then draw
upon the bonds the interest which the peo
pie as whole now save on the green
| backs. While the republicans have not ye
had an opportunity to write their policie