The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-11-27
PROPERTY sHRINKAGE.

PROPERTY sHRINNAGE.
| Under the caption. why Free Silver
Lives the Atlanta CONSTITUTION prints a
very thoughtful review OF the situation,
wlgh,l seems o be direoted In amyNe err to
TIE republican and gold standard papers
that have been so persistenty declaring
that toe silver issue is dead" The c, n
stituion notes an Interview recently print
ed In The Washington Post as follows
| Governor Tyler Of Virginia, who was in
| Washington the other day. was asked Ivy a
| rel i,sentative Of The Post to give his views
On tht lo!,tlcol, prospect. His reply was. mat
| the cutluuk Is most hopeful. The recent war
/ Gully temporarily ol'scuied the real issues be-
fore the PEOPLE. Ia the very nature OIL things.
| the fiuahclal question can not be kept down
SO long as producers ard property owners
t I'm unmseiV pmslfq q oy apnornia,,y
one Of the richest men in Washington as TO
IN" status of his properly he reply OF ths
EoaiitInan WAS that II lac desired To dispose
vi 1t. 1t would he Impossible to realize 80 per
cont OF its real value.
The Constitution remarks that II this
state of things existed only in Washington
city 1t could be explained by some fact
special and not general, but as the ex-
perlence OF the Washington property
oNItT COlhiubu 10 pTpptTtg UNHtIS
everywhere in the country outside of ths
great financial centers 1t can be explained
only as the result of some gengral and ir-
resstib.e influence Two years ago prop
erty owners had hardly begun to pay their
tribute to the gold standard, The prices
OF agricultural and industrial products
had fallen. but real estate seemed TO he
hnl tto In
of the largest owners OF real estate II not
ALL sympabhizod with the Sound money"
arguments made In behalf of tho gold
standard. The Constitution proceeds and
gives home Illustration:
In Atluuta two or thiae OF the largest own
ers of zeal estate, md gentlemen Of uhques-
toned eb1lty. Tadc themselves conspicuous
nv the champions OF the gold standard. The
effects Ct that sturdard had not at that tins
been seriously felt on their property. we
| do not know whether their Views nave been
changed, or .evea modified. hut we do Know
| th's the value Of their property has ueen
more thnn modified. 1t has been seriously re-
| duesd AS In Warrington city, 50 In Atlanta.
ma MS In Atlanta. sc In every other town and
| CITY, especially In towns remote from the
| f.iiurti IA centcrs. 7 he situation, thcn, ia II
very real ene, a cenuemnn OF our aequaigt.
not need In his regular lueness Hair ut
lhis he deposited IN bank ard the otlhor half
be invented In rep estate. which. uuder ur
value To-day he can cake his $4,000 from
~. t1ph Y he fnsn't spout II IN taxes. ana
buy three times rs much real estate as he
be;ght With the same sum a few years ago
lie can iIohab;y realize SS00C on the invest
mont he mndo when he divided his S2O.O 900.
Now. The Post would rko to Inquire
= pr pcrty owners and those malylng In
vestments in Houston have not had some-
thing OF the same kind OF experience Is
II not true that property here has vastly
deprecated In value during nc past two
years. Any property ownm in Houston
WILL The Post thinks. bear witness in
tic affirmative. There has been very
grcst shcinksge. and the fact is there is
very little sale for property at any price
And what :, true of Houston Ia true of
every city and town In tihe skate OF TexSs.
Tho GOLD standard advocates right here
IN Hous on claim that this depres ion has
been due TO agitation and general public
apprehension Of wha, they term Bryan IN
THIS e&pla1ct on VIII not do. because
there has never been an hour since The
election two years ago when The enactment
of Gree silver law was A poss'nil,y. Tie
gold men know this. AMI thor present a..
cusoS for the non appearance Of that gen
eral activity and prosperity no glbly
promised as re uit of McIi,nleys election
are discounted by the public rhcy are
discred!ed by all inteliiseut people, anu
even The unthinkins ara having their eyes
onered ut last by such sorc iiul object les
sons MS those referred 10 by tho ATTAIN n
contemporary. II matters not how very
stupid man may be no is bouad to SEQ
mn haI Ia. 1,
ically wong when such general depression
can lnj does exist in counEy SO rich
and res urreful as his ons is.
Tho rinpnnlal question Is not settled by
a very long shot.