The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-09-28
pose YOU detInItlon Of an hones, ,,oll,r.

1
My definition OF an honest dollar is this:
II is dollar OF unchanging value. a dol
lar which is worth the same today az Il
| was twenty years ago, q dollar which viii
Dc worth the same twenty years from now
rs 1t is today, That is the only honest
collar the wisdom OF a congress can devise.
| the oniy dollar that eau look an honest
maN in The face and say, | never robbed a
human soul In all my pilgrimage through
out the commerce OF the worli. II II Is
dollar that has gone down. then IL has
iobUtd the creditor for the benefit OF the
debtor. III IL is a dollar that has gone up.
then II has robbed the debtor for the bene-
~ Of the creditor. A dollar that goes
e.thet way robs somebody for the benefit
Of somebody else. and the orly dollar that
never robs snybody is the dollar that never
changes vMue. Now. my countrymcn. Is
the gold dollar one OF that kind? II IL Is.
II Is honest aud the gold standard ought
noi TO be abolished Ny sold standard
friends ought 10 find themselves able 20
using both gold and silver is that II would
make N~ey 20 down. My objection to
using gold alore is that II makes money
so up, In other words. we s1S that the
col standard makes money too high and
everything else TOO cheap, They say the
double standard WIZ make money too
cheap and everything else too high. Now,
fellow citizens, OF course low ,rice Of
money mems high price OF property,
High price or money means n low price
OF property And when our gold stand
ard flends tell us tina; We are going 10
make money too cheap by using both gold
an siivvr what do they nean2 They mean
that WI AFRO goarg 70 mako property aud all
The products OF labor too high, Not only
so, but they mean that We are going 10
make money too plentiful, They must
mean that because nothing ever became
TOO cheap IN nil the history OF this world
r~'il Il first became too plentiful II
they will find IN all tho history of the
Wo'd single country dnd single gem
Grafton when any country ever had too
much money | WEI give up This con-
troSersv. In all the thousand years through
which the world has passed, not one sin
gle nation in any age of all the world
ever had too much gold and silver money.
tApplause.) have no fear that that which
has not happened IN all tho wears which
have gone Is going to happen In all the
years 10 come. hut | have deep seated
fear that even with gold an1 silver goth,
instead or hsvlug more than you want.
the most Of YOU wiz have less than YOU
need, tApplause) Knowing that gold alone
does not constitute sufficient money for
tho people OF this country. I demand that
we use both gold and silver. ana when we
have used them both u would still be nee
esssry 10 supplement- them by the use OF
r@uer (Applause.) Our gold standard
friends recognizing that there 10 not gold
enough on which to transact sll tho husi-
ness Of the country, say you do rot need
the money, nh YOU need Is n standar and
then YOU can have credit for tho balance
OF IT, and they propose 10 supply il how
My friend, MIR Burke. has antly said they
stole an idea from the nopulists, and that
is about tho only idea Tint tho miidlc-nf-
thc-road nopulists ever had.
FINANCIAL THEORY.
"Thc'r tnoucisl lhtory is rot as roui
as thst of the populiss They proposed
TO use the government credit, not only
to Put tina government behind the note. hui
also TO put the product Of the soil, those
commodities that must feed aud clothc
the world, back OF It. Our gold standard
friends propose. instead OF using tho credit
of the government based upon the pro-
duets of the soil, that We use the credit
OF the bank upon the paid up and unim-
pal9ed assets OF tho blnB. applause
But both and each propose to use credit;
they represent the two eXtremes. Between
them stands the conservative body OF
democracy, proposing that, instead OF
either bank credit OF government credit,
their business on. tApplausc) credit
agailst the Use of coin? Go, look among
YOUR neishbors, Whore you find a neigh
bor thAI Always uses cash and never credit,
YOU never find him In 81 panic And where
You find neighbor tnat always uses
credit you never fin5 him out OF a panic.
applause and laughtcrD They the adj
vocates OF honest money? Why, hoy ad
vocate no money at all. They adyocato
mere bink credit for which the business
ueople Of THIS country must pay au enof-
nous rate OF interest. Now sou take Mr.
OVerstrcet's bill, iulended ultimately TO
retire $500 600 OF non interest bearing
government notes, 10 be replaced by Bon-
interest bank notes, and lhen when sou
so into n bark to borrow money you Mlll
borrow no money at all. You borrow 60
Tcncy notes aud you give your own, Gee
cured al 200 cents on tho dollar boring
interest at tho rate of per cent. You
VIII borrow tho banks note secured ut
nothing and bearing no interest at all
inc $i5O 700 900 now represented by gov
eminent notes at the rate OF 8 per cent
is an actual gift to the Natiounl banks of
the country, equal to $1,000. 900 every year.
HOW long, my eoun'rymen, VIII II take the
banks to absorb the profits of an business
III they furnish their notes without interest
10 you In order to conduct your business
and compel You TO give them your notes
FN'''
our gold standard friends are In the habit
Of saying that they are IN favor OF using
all the silver that can be safely used on
a gold basis. Why, they had just as well
use no silver at all. Using silver on
fol hasis 70 no bgtter than using paper |
on gdd basis II silver Is mere token
money, kept Mt par with gold by being |
made redeemable IN gold or by any other |
artificial method, then am opposed 10
the coinage OF any silver. because II a sill |
yo dollar s a mere promise 10 pay n gold |
dollar. then a silver dollar is neither bet !
ter nor worse than a paper dollar. beeause |
each Is equally and the Elmc a promise /
TO ray a gol0 dollar. II will cost Just as
much to redeem a promise to pay gold |
dollar when stamped on silver as It does !
whom engraved o.. paper. II viii cost /
thy times more TO procure the material !
70 engrgye with the written promise and n |
silver can not be coIre1 on equal terms /
With gold II ought MOI 20 be coined at all, /
A WASTE OF WEALTH
"lt Is waste OF the wealth of this coun- |
try to send men nto the bosom OF the earth
to dig up It's silver to be coined into prom
lses TO ray gold Let us have this question
The issue IS. ehall gold and |
silver be money, each equally money? II