The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-22
A Confidence Game.
Indianapolis Sentinel.

Indianapolis Sentinel.
We think that no man can justly deny
that Grover Cleveland performed great
service to the American people when he
forced the members of the Fifty-third COLI
gIess to go on record on the question of
| making the bonds OF the United States pay
able in gold when a money consideration
was offered for the change. The resolution
to put the word gold" in the bonds came
to vote in the house on February Ia.
1895, and was defeated by vote of 167 to
10, with hardly any republican from west
oil the Allegheny mountains supporting 1t.
ONO, Illinois and Iowa republicans were
especially strong in opposition. Mr.. Hop
Rms OF Illinois leading the debate against
1T. Mr.. Grosyenor of Ctnio made an extended
speech against it, in which, after reading
The terms OF the bids he said:
Our answer, Mr.. Speaker, TO all this
ought to be that we Will not do it, For
the first time in the history OF this country
we are to put the word gold into ouFlons-
time bonds, and we do 1t for the purpose.
with the stipulation, that there is a diff
ference of three-fourths of / per cent be-
tween gold and coin That means somo-
thing, This syndicate does not offer s1e,-
100000 for nothing. This syndicate does not
II.
other. 1t means more than that they will
make difference of sixteen and a half
millions of dollars in the cost to the gov
eminent of these two loans
Then he went on to tell how 1t was A
scheme OF the Rothschilds to make this
distinction apply TO other bonds than those
to be sold, and declared that by this very
bid the bond syndicate had made an .'un-
answerable answer" that their bonds were
payable in silver Now, when no payment Is
offered for the change, when the language
OF the contract is the same when IL is
all Profit TO the bondholdsr and no cost.
these same gentlemen stand up and aver
that these bonds are payable In gold alone.
and that 1t would he lin violation of the
public faith" to pay them in anything hut
sold why this difference in three years?
What change is there in the situation?
l'here is but one that can be seen. Then
the bond syndicate was Offering $16,17l,77O
70 nave TINS change made in So, 400, 900 OF
nolas, ana now not cent ~ offered to
nave IT made in SS47, O00,0 900 of bonds. Then
IL was getting something like value re-
ceived for an amendment of a contract
now II is plain steal Of over 5000 00O, 900.
according to the difference in value con.
oeded by the bondholders themselves only
three years ago. ~-''
~ anything can open the eyes OF the
american people to the complete subiuga-
tlon OF the republican leaders by the monev
power surely this change OF front must be
sufficient to do it. Here is the whole re-
publican party in the house, with only two
exceptions, and they lnconspcuous. lined
up against the idsntical resolution which
owenty years ago received a majority of tha
republican votes in both house and senats
ana sciid republican vote now given far
paying the bonds in gold when only thrca
y years ago, on the proposition TO make thoss
.nrn issued payable in gold In considera-
uoh OF N6.174770 only thirty-one ran,,h-
means voted for the chanse and sixiy.tw.
AGAINST II. A more complete conndancs
s 3 IMAM this was never ATTEMPTED. Wher
,he government could receive compensstion
.or the change they recoi,cd IN horror
rom making II, but when there Il nothine
~ ~ nut loss to the government the Ma.
.,onai nonor demands that It no made. n
me american people are foolish enough "a
y ueceiyed by such JugsIery they deserve
- hay al i costs Thorn. II Is a gold brIck
'"'uu'e Of the most palpable Character.
mia KILLED by = Piece Of nread.
nnn's' Texas. February 2i.-A little