The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-09
SATURDAY, nEc. o, 1soD
TEN PAGES TODAY.
PROMISED CURRENCY LEGISLATION

PROMISED CURRENCY LEGISLATION
In us platform OF 1895 the republican
party declared: we are opposed to the
free coinage of silver, except by interna-
tional agreement with the leading com
nercial nations Of the world, which we
pledge ourselves to promote and until
such agreement can be obtained the exist
ms gold standard must be preserved"
The post platform record Of the party
has demonstrated tha, there was behind
this declaration neither friendship for
silver nor the semblancu OF honest inteu-
ton TO promote 1t to a position Of copse-
ouenGe in the National currency system.
The commission appointed to promote"
the cause of silver was prejudsed in be-
half OF, and prepledged to, the gold stand
ard, vita the probable exception OF one
member thereof Its labors were per-
formed in a pertunetory way and delayed
in their execution after a fashion that
left no possible doubt as 10 the duplicity
OF the republican party, nor of its poorly
eloaked intention to, in fact, promote"
tie gold standard.
Every impartial student OF the republ-
cal attitude to silver is impressed with
The logical conviction that except as die
tated by practical politics, the republican
party has never exhibited friendiness for
the white metal When the former re-
publican States of the Northwest were
prcspering under the impetus to silver
production afforded, even under policy
that restricted the coinage OF silver by
denying It equal right OF way with gold
TO the government mints, the republican
party declined TO stand for the approba-
ton and support OF the American voier
on what would have been n candid and
honest declaration or party purpose, VIZ.
The elimination or silver from our cur
rency system as STANDARD money and
the unequivocal establishment of the coll
standard The silver plank of the plat
form upon which II solicited the support
OF the country in 1895 was cowardly
dodge and shameless makeshift. 1t de-
ceived no man except he who desired
to be deceived or had ignored the previous
record Of the party.
No declaration has ever been made nv
any party sluce the foundation of the
government that came out plainly and
Win courage for the free coinage of silver
except that presented In the National
democratic platform OF 1896. This decla-
ration, as We have shown, was countered
by the republican party in specious
promise to promote silver BY In effect
leaving the question to the arbitration OF
foreign governments that had dIscredited
ana dishonored It, 1t were as well tn
leave the punishment OF a criminal 10 n
Jury composed of his accomplices as to
Ieave the money or the MASSES to the
judgment OF tribunal where it's cause
stood absolutely prejudged, But now. the
republican party has thrown aside its
gauzy pretense and steps forth. revealed
OF It's own motion, the insolent champion
OF the gold standard. According to the
scheme to which currency legislation ia
invited. 1t is merely designed to fix the
gold standard, leaving for future consid-
Grafton all matters pertaining to needed
currency reform The boldness and bru-
taiity OF this arrangement is manifested
In the fact. recognized and admitted by
the republicans themselves that the pro-
posed legislation can not impart to the
currency OF the country that elasticity so
indispensable to commercial activity and
prosperity.
However gratifying to the gold standard
deyotees the unqualified determination of
the republican administration to establish
and maintain the single gold standard
may be, they can not escape the fatal crit.
icism that a serious and dangerous dimi- |
mutton OF the currency volume is thereby
inevitably created, against which the pro- |
posed currency legislation has not pre-.
scented a solitary safeguard It is as-
tonshing to the careful judgment OF the |
country, waving for the moment the con
tention that abundant elasticity TO the |
National currency would he accomplished |
in the free and unlimited coinage OF |
silver. that any party would dare commit
itself 10 a financial policy that must be-
You'd doubt imperil the ability OF the Ma
tional currency to meet admitted require
ments without SO much as the suggestion |
Of q plan OF reform that could be relied
upon 10 put such Q calAmity beyond the
reasonable possibility Of occurrence.
- ----7 --7 |
The Dallas News 10 authority for the state |
nenf that fhe larwest aynsilm firm IN tho I