The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-21
HOUSTON, WEDNESDAY, JUNE ~.
). TEN PAGES TODAY.
GOLD STANDARD EXPERIMENTS.


The experiments of Chile with the gold
standard have not, so far, been any moro
successful or encouraging than have sim
liar exploits IN other countries.
But recently that plucky little republic
of South America made a heroic effort to
get upon gold basis. and to substitute
a blmetallic for a single gold basis. In
this she was influenced by the money pow
ers OF her own and other countries, just
as has been the case in the United States,
with only the difference that with us the
selfish ends OF the class referred to have
been in a great measure successful, while
in Chile their efforts were abortive. The
thoughtful and patriotic men OF that coun
try saw trouble in the future and their
expectations were realized. The war scare
came, and the gold metal, which Is al
ways cowardly, hid out. Chile IL now try
ing to induce it to again show itself, and
proposes to reduce the volume of her paper
currency now outstanding. with view to
inducing its timid comrade to return TO
the ranks.
There are always towards in time Of war,
and gold is one OF them. We hear In this
country much about the depressed eondi-
ton of business affairs in Mexico by reason
Of her being a silver country. The testi
mony OF the Mexico City Herald, an Eng
lish paper published at the capital, bears
different testimony. That excellent Wit
ness hands In this testimony:
1t was said. some time ago, that China was
going on q god basis, which was manifestly
incredible. China is on. practically, a copper
basis, with silver trimmings. 1t viii do well
II IL gets on a real silver basis, aud that is
what European fnanciers hope will be
achieved, so that a new and almost exhaust
less market wilt be made for the white metal
II Ia snte TO say that, when the Chinese gel
TO using silver ar they must in proportion
as the railways open up their country they
turtles
Mexico is standing proof Of the usefulness
Of silver at monetary medium in a devotion.
ing country. The gold premium has protected
The new manufactures. has attracted foreign
eesptal mere ana puts a bonus on exports
Heneo the nbh loyel Of credit and prosperity
thls orderly country has attained
The lttue countries which are proposing I,
adopt god are not overwlse; they will be
come subject to all the perls OF the genera
scramble FOR gold and make themselves nnAn,
ciial yassals o. Europe. Mexico stays on tn,
silver basis II Is making hor fortune!
With such testimony as this at hand
from many sources 1t is strange that sc
many of our people cling with tenacity t.
the yellow metal as the only true sourc,
OF value. Silver and gold have walked
hand in hand through the ages, and wer,
during many trying ordeals the most affoc
tomato and con6ding of friends; and thi
cordial relation was never marrad al
greed and avarice saw in their separation
elements that would develop to the enrich
Ing OF the few at the expense OF the many
The hope of this country today is in tn,
re-establishment OF the cordial and afIee
tionate intimacy between tbem,. and
through them, prosperity among the peo
pie for whose benefit they were created