The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-09
GOLD mug PLAN.

This proposition of The Indianapolis COM
mission involves the most sweeping and
| tremendous act OF reputation ever at
| tempted by any government in the history
of the world. Pittsburg Post tdem.).
1t is best 10 look the situation squareiy
| in the face, anddt is impossible to do that
without realizing that no hroad-gauge
schedule OF reform in currency aud bank
ing like that proposed by the monetary
commission has any chance whatever OF
| becoming a law.--Mail and Express tgold
dem.).
1t remains for the commercial organ
izations which were represented at the con-
vention and for every intelligent and pa
triotic citizen to use every possible means
10 convince congress that a do nothing
roliey would be wicked and dangerous.
This question lies at the very foundations
OF all trade and industry aud demands inn
mediate consideration York Herald
tgold ind].
There is no occasion to question the mo-
tives OF those distinguished citize1s who
have prepared this plan. The patriotism
OF the convention, its executive commit
tee. and its commission should not be
doubted But, FOR reasons well known 70
all readers of the Post no such plan c1n
get favorable consideration from the
Fifty fifth congress.-Wa Washington Post
lind. gold.l.
However much one may disagree with
the conclusions reachsd. it is impossible
10 deny to the commission he credit OF
producing document that deserves TO be
regarded as historic in It's range of thought
and in the clearness and vigor with whieb
ii discusses the various points at issue. We
have been so long accustomed 10 the idsa
Of looking to the government to maintain
the par OF the paper media OF trade that
the proposition TO throw the duty on the
banks viii necessarily meet with wide
spread discussion. Brooklyn Eagle (go,d
aem.1.
1t is impossible to say what amount OF
capital would be drawn into the National
system by the privilege OF Issuing unse-
cured circulation to the extent of 80 per
cent OF TIE capital. II might be 500 O00.-
COO or s5Q0,000,000 in addition to the pres
ent total And this suggests one weak point
In the scheme. and the only one which
viii be noticed here. There is no neces-
sary relation between the amount of cap
ital invested in National banks and the
amount OF paper money required In the
country The amount of capital attracted
to the system would depend largely upon
the provisions OF the law Knitting the
profits arising from note issues. These pro-
visions must be arbitrary. and arbitrary
provisions can not be adjusted TO variable
demand dependent on natural causes
Chicago Chronicle (gold 6en1.).
The details of the scheme proposed for
the application to practice OF those funda-
mental principles are 700 elaborate and
complicated to be discussed now. 1t will
be time enough to consider them when the
scheme is embodied in a bill and submit
ted 10 congress The first principle has the
cordial support OF the sun bur TO the o her
two IL is infexibly opposed. Meanwhile, We
can only express our regret that COM
mission composed Of so respectable citizens
should have repeated the stale and often
refuted assertions that the debt incurred
by the Cleveland administration WAS Gin
CURED chiefly II not wholly in consequence
OF the existence of the government notes.
and THAT the redeemed notes must be paid
out again and again under any coalition
OK the National revenue. Assertions 80
groundless as these suggest conscious
ness OF a lack OF sound arguments. and
weaken the cause they are used to sup |
port.-New York Sun (gold repo.
Benedict Arnold earned d certain sort or
fame In his day, but in his closing years
IN MS Geld London garrett when Stunned /
aod cespised by the very people whom dis |
treason was Intended to aid, he would prob I
ably have given up life itself 10 recall that |
iatai step CT one of the most brilliant ard |
promising careers In the patriotic armies. |
fet Arnold's treason strikes no mo.e close |
Y at the very integrity OF the country |
man does the reasonable suggestions Of i
ire Indianapolis convention. One is more |
nsdicus than the other and that Is all /
That men Pretending to be American cit
zens. among the leaders OF its thoyghr
ind eNemplars of rs responsibility shou I
iaye The hardlhood to urge such an id.o.ir
curse upon the country is surprising. hut
.at ihey eelld for moment imagine tina,
nc intelligence of this country should I
swallow such rot under the impression
hat i WIS the essence of statesmanship,
Quad business ana patriotic daty Is more
nan s,.rprising-it is amazing. Denver
Post lsilyer rep).