The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-16
I'll CALLED TO RISE
|aainst the Power Of the Great Gold
Combine.
liver THE MONEY OF THE PEOPLE,
-- s|s.
khen It Was Stricken Civilization
and Commerce Suffered.
6sUE CAN NOT BE AVOIDED.
In Good Men Appealed To 10 stand
soIidly Together Cor Liberty
and Humanity.
ssUE CAN NOT BE AVOIDED
|, the People:

lut tSopiS'
|The surrender OF the republican party
the advocates OF the gold standard and
bnopoly is at last complete. The pres
administration, called to power on the
|lemn pledge OF the republican National
Invention at St. Louis to promote BIZ
etallism, has formulated and sent to con-
less a BILL the leading purpose of which.
q honorable secretary of the treasury
lows, is ito commit the country more
oroughly to the gold standard" The
untry has already for twenty four years
zen so thoroughly committed to this
bndard. partly by law and partly by the
urpations OF the executive branch of the
yernment that its effects are seen and
i on every hard; wages are reduced;
brk Is harder to get; the weight of debt
doubled; the value of land aud other
operty is reduced onehalf or more, I'M
the lots of the people are made bitter
tn har bondage"
III is certainly not in the interest of
,uanty to have this condition more
orNlghly established
Fhe continued rise in the value of gold.
what is the same thing, the continued
i of prices, must inevitably transfer
property OF all those engaged in active
siness, the actual creators OF wealth.
ether hand, brain or capital, to those
%, avoiding the risk and effort oil active
siness only draw interest.
rhe increase OF las per cent in the
ue of money caused by its increasing
krity, from 1909 to 1S49, as submitted
leading advocates of the gold standard.
|lnd expression at that time in extreme
low prices and conditions of unparalleled
jtress.
fhe discovery of gold and silver IN eX-
Ordinary quantities and the great in
Ease in the volume OF metallic money |
Quilting therefrom relieved this distress |
y brought in its stead wonderful pros
tity Prices rose, business flourished. !
bducers prospered all were happy. Sub
3ntially this condition would have con-
3ued ii both the precious metals had
en allowed to remain In use as money. |
PAUSE they were being found in nearly |
ficent quantities to increase the vol |
e of money in their proportion to the |
Eelopments of business A wicked con-
racy however. deprived one of them
the money functions. This was done
h the deliberate purpose of raising the |
ue OF the other by rendering the sup
NJ fol 10 alat
compared with the demand. From the |
pr of the contamination of this crime
nkind has suffered commercial disaster |
social distress In almost constantly
reasing measure. just in proportion to
growth Of arts and civilization and the
Panslon of commerce, business and in
try, the inadequacy OF the volume of
Is felt its scarcity is emphasized, its
ue is increased.
he depression of life and happiness,
zen is inseparable from IA long course
declining prices has now checked de-
opment, and. II continued. will ulti-
'ely stfle civilization. An eminent
trican, President Andrews, Of Brown
'~'SAtJ' Sohit years dbo SdIu.
Our National debt on September 1,
w., was s2,75o,00O 900. 1t could then
ave been paid off with 10000 600 bales
cotton or 10000 900 tons of bar iron.
hen reduced to Sl,25tStO0.000, 3d.
'oooo bales of cotton or 32,000,000
phs of iron would have been required
pay 1t. In ether words. while nom
ai shrinkage of about 90 per cent had
Pksn place In the debt, It had, as
easured in either of these two world
apies, actually been enlarged by some
per cent.
Enough more than half the principal OF
enormous debt and every cent of ac-
nlated interest had heen paid by the
OF the United States. the holders OF
nonds still hold claim for mare of the
oil The people than they held before
enormous payments had even been
W. u. This cruel confiscation of the lives
hperty Of the laboring millions OF this
IVY Is the most st,tpendous crime that
ueen committed in the annals Of civil
W. Unless a government "of the peo-
" 'he people and for the people has
/