The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-19
UNDER FALSE PRETENSES.
Republican Party Arraigned for Its Gold Standard
Tendencies.

sure. there was sent abroad the alleged in-
ternhlional monetary commission. ualess
the hoax was TO be openly confessed, thss
was the least the president could DO Hut,
for fear that. after all. foreign govern
ri1ents nigh. take the procedure seriously,
he sent TO congress In july. 1897, ~ the
very moment when his commissi)n's pro-
posals were before the English cab,ust,
special message recommending tie So
called Indianapolis monetary convention
plan. with its programme OF the single
gold standard, retirement OF the green
backs and extensions OF the powers p,ivi-
leges and imniunlties Of the National
banks. Meantime the secretary Of tho
treasury was declaring in an interview.
most OF which was carefully fensodgAs
IN Europe. that himetallism OF any Kind.
international or otherwise was hot only
impossible. but undesirable OF course, no
serious negotiations were possible after all
this The International commission be-
came an international joke ct folded its
tent Ike the Arab and silently stole away
It's distinguished and discounted chair
man sought early opportunity in ne SEN
ate to explain its failure in a sDse, n, in
which neither his diplomatic ariiflcas of
rhetoric or his denuncia,lon OF the score
tary OF the treasury could hide the rsspon-
slbility OF the official head OF t1e admin
istration.
tered upon al st. Louis has been obedcnt-
~ pursued. The international agreement
Tor the free coinage OF silver having failed
10 be promoted steps arc now being
taken TO insure that the gold standard
shail be preserved. The present bill pre-
serves 1t with vengeance The vast
bonded debt OF the country now payable In
coin. that ls, either in gold or silver, is
10 be made payable in gold alone Nearly
half a billion of standard silver dollars.
heretofore not redeemable In anything not
constituting burden on either the gold
reserve or the credit OF the government
oui forming a large percentage OF our
basic money. are held to be redeemable In
gold. thus increasing tremendously the
strain on that metal and becoming an
endless chain" with which to pull gold
from the treasury and affordinG an excuse
for the final destruction OF the silver dol
lar as money and their forced sale as bull
lion. after the manner Of the German pro-
codure In 1872. The greenbacks the best
paper the world ever saw. the product Of
the patriotism and craftsmanship of the
republican party in the days Of Abraham
Lincoln. are to be virtually destroyed by
being changed into gold certificates. to be
locked UP In the treasury and paid out
only for gold. The tax on the circulation
OF the National banks is to be reduced and
the amount of the bank currency they
is to be increased from 80 per cent TO
par Of the bonds, thus making their bust
ness enormously more profitable, opening
the way TO an immediate possible imitation
OF the bank notes, not legal tender. cX-
cellent for getting into debt on, but un-
available for getting out of debt with, TO
the extent OF $500 900, 900 and placing
the regulation OF the volume OF money,
and hence the determination of prices and
tho burden OF debts. absolutely in the
power of the banks and the creditor
classes. The inevitable tendency among
these banks will be toward uniformity
ana cooperation of management, the re-
suit Of which will speedily be the erec-
ton OF a great money trust more powerful
than all other trusts and combinations
and ultimately. II the republican party
should remain In power, Irresistible and
unrestraincd by the government itself.
Thus fellow citizens, the statement We
denounced In 1896 is nearing consumma-
ton. The policy that was denied by the
republican party In that campaign stands
now confessed. Millions of YOU who voted
the republican ticket In 1896 would not
have done so had you believed your party
destined so soon to be the agent OF the
force dominating It, Millions of yon were
himetallists in 1895 and remain so today.
Now that the promises then made YOU are
clearly seen to have been insncere now
tnAt MS consequence OF tns deception
practiced upon your honest confidence
your country Ia about to be banded TO the
ownership and control Of tho great specu-
lhtive banks and their associated trusts
and combinations; may we not appeal to
you TO come 10 the rescue of the liberties
Of the people and their imperled instltu-
tons7 In the spring OF 1897 The under
SIGNED took the steps leading TO the or
ganisation OF tho silver republican party.
Against the hetrayers Of the republican
Ism OF Abraham Lincoln that party re-
solved to wage amending war To-day the
necessity for IFS work Is moro evident than
ever Come with MS and help MS. We be-
lievc that the highest devotion to the
republlcanism you once veuerated demands
that YOU oppose to the uptmost the pres
ent tendencies Of the party which still
wears the name but has forsakcn Tho
principles of It's heroic days
tSigned) Charles A. Towne. chairman
Of committee; Henry NJ. Teller, r. F. Pet
tisrew. Frank J. Cannon, Edgar Wilson,
Charles S. Hartman, John Shahoth, Fred
r, Dubois chairman executive committee.
ACKNOWLEDGEMENTS