The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-09
LUTON ) GOV. DoIEs.
It's u Plan y Reform Of the
Curncy.
BASED 4 BULLION VALUE.
would n Payable in Either
la or silr MT the option
Of Il Holder.

cid, Iowa. ebruary SIN speech
day, cx.Gfrnor Horace Bolcs out
plan for rrency reform.
oyernor Ees said in part:
IS than ather decade the National
will holdhe purse strings of this
mcnt, amen the United States will
A power fore which thrones have
ed and rublics have disappeared.
Will be pom the higbroad 10 final
|nplete e,nction. IL the latter, some
will hav been discovered for the
yation Of National paper currency
ing all lers, sufficient In volume
stitute aist measure OF values and
all III requirements of business
tible ofspansion or contraction as
cessitiesf the government and poo
puire, aplutely sound in every part
rery paicular, aud so guarded by
lat II vi be invulnerable to attack
bnrmiessithout or within.
bne mel is sufficient for the bnsis
N a Cheney. To endure, IL must
is rooti the constitution. with gold
liver solter@oven and welded about
no pger on earth can tear them
or ME one the superior of the
build M retire a single dollar OF cur
bal cvency, or change it in any
h. exot to make 1t redeemaple In
lme w.
endss chain that has made so
trout in the past can .,e rendered
oss whout farthing's depreciation
of our present currency,
Rdthoi a tremor in all the business
brsesn the country, and our noun
of lines, employing Hundreds OF
hndsf our own laborers At remun-
fe w,es, will furnish in abundance
hsis n the soundest and best paper
hey nat man has ever known.
ha, now In the tr'ea.llry of the
d St,es, the sole property of the Ma
bnor than fifty million dollars worth
|ver3ullion at its present market
be,les an idle gold reserve of $780,
%, hpt there for the redemption of
iatnal paper currency.
hse outstanding in United States
tile less than $3.50, 200, 900 and in
lrynotes, in or out of the treasury,
7 so 100000 more. And we have also
ln,ng over $3.50, 100000 in silver Ger
lei every dollar of which is now ex
iational currency.
ryone of these notes bears upon its
promise of the government to re
on demand. The Us;- States
70 by their terms payable in money
iy. But solemn edge of the
iient makes them payable in coin.
asury notes by their terms are pay
coin, and the silver certificates In
Iollars. There are two places where
States ana treasury notes can he
ed for rede ,'ion, one at the sub
y in New Yo.h. the other in San
co. AT present these notes are re-
lie in gold if gold is demanded, and
ION are reis,i ii as money.
Renee has demo ls..atAJ that a re-
" % per cent Is sufficient TO Sc.
e redemption CT paper curr.u " u.s.
Il solvent bank, the notes Of which
be reissuei as FAST as redeemed.
government Of the United States IL
rely solvent institution. If re-
quail to that deemed necessary for
can be constantly maintained in
IT'S equivaient without the silghl?S-
~ onsnt 10 conceue mat a Natiohal
oaseu uloli IL Mouiu pe ana az
! y SOUND currency; rms can
ue aceoiiiplis'eo, ana me govern
, as OF losing py tne transa dce on
ease for other PURPOSES $4,000. 900
resent i9le goiu reserve no" Let
PoNiae snit lot the redemption
iuS L nlLeu states ana treasury notes