The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-11-29
a SYMPTOM of Alarm.

Indianapolis Sentinel.
1t is beghnntng 10 dawn on the worshipers
OF the gold standard that the "expaneion''
movement has added very serious compli-
cation TO the money problem, and some OF
them freely concedIe the fact. One of The
most notable of these is "Maohsng Mar
shall" the financial writer of the New
York Sun. who grasps the fact that our new
possessions are going 10 give us a problem
very similar TO The Indian currency dues
lioA' Wn.oh Is giving SO much trouble to
the gold doctrinaires of Great Britain. In
l1onto RICO the circulation of silver mas bae,
fiiiA'ted by law and In consequence IL nus
peea kept on a parity with the Spaai 81
lapeF money which circulales at aboul "a
cents on the dollar. AS q matter of con-
'eulence. however, our military authori les
ofderei mat the American dollar rae af
lwo OF the Spanish Porto Rican dol ars
whicn arbitrarily reduced them 20 80 cents
ana IN all probability they Will lose II
VS. as nuen more IN current value, as ii
is not probable that any redemption of than
at more than bullion value viii eyer be
MADE In CUBA the conditions are much
pne same, except that the real standard n,
Ndlue Is round in the notes of the hank OF
tiiNAha, ana That no arbitrary ratio 10
american fnoAey has been established In
the philippines the silver standard Ii in
luii lorce' II we undertake to introjut q
the gold standard in these regions az 4,
Is probable viii be done. the result wiz he
~ lhe iirst place a complete upsetaing of
'he established basis of exchange ami tft,de
as well as the rates of wages. The pr,ctl-
cal use OF gold IN countries where wages
are SO low and ordinary rrans1e,A,ne 20
small is impossible The use of silver like
our own VIII afford field fer counterfeit :
Ins whicA VIII be very rich when the
character and education of the people il
considered Matthew Marshall" conelu les
a very thoughtful re?iew of the su,ration
Nseh this statement:
The British government has al this
moment, committee in session wrastlipy
with the problem how TO give india cur.
reney which shah be at once stl5e and yer
susceptible OF increase by imports and de-
eredse oy exponas as the wants of business
REQUIRE. The closing of the minis has ma
the currency stable, hut at the expense of
Nwturai elasticity. Opening them again
would subject II 10 the nuctilations ~ tbs
silver market. Providing a gold currencv
for 100000, 600 OF people. who have al pres.
eM nothing but silver, AMI whose scale OF
expenditure Is so small that only the
lninu'est gold cotns could be employei IN
Nslly life. Ia difficult IL NOT dnau.osvAsle
Using silver In conjunction with gold go m; NJ |,
10 be me only way OF escape but how 10 do
Y safely has nat vet been discovered. In
View Of all the embarrlssments attending
The spbtect. the treatment OF the currency
OF me Philippines IL not easy 10 prssccfbsh
NTertneless Il Is comparatively safe 10
hi~shct that the trsasment which VIII be
aIemr'ed by me dominant gold theorists in
lowed by Lord George Hamilton ma Ms
associates I'm England. 1t will be tssIs'ad
nSt American money must be used in
ansl lean rossessions, and thar means the
soii standard. There will he dlffjcul.ies
'usii'ess ruin suiferipg Of the people. but