The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-03-29
SOUND MONEY LEAGUERS
Gold Standard Advocates to Continue Their
Organization,
ALTHOUGH CLAIMING SILVER IS DEAD
They Hold Thnt the People Must Bc
Educated on Finance From Their
Point OF View.

Saw York. March 2s--The annual
meeting of tho central council of the Ma
tional Sound Money league convened In
this city today. J $. Morton of Nebraska
presided Eighteen vice presidents Of the
league were elected.
Treasurer 4. B. Hepburn was at once
called upon for his report. Mr.. Hepburn
stated that the receipts OF the league last
year were $4,000 and the expenses $4,000,
The expenditures had boon for the dis
tribution OF literature
Mr. Il. " Smallcy, general secretary,
presented to the central council his annual
report, In which he said:
In presenting to the governing body of
this league my report on the operations
OF the past year ! desire first to con-
graduate the members of the central coun-
Gil and OF the executive committee on the
very encouraging results that have been
accomplished in combating the dangerous
free silver deuslon and In spreading sound
ideas of National finance. The formidable
movement for opening the mini to the free
coinage of silver at the obsolete ratio OF
is to / with gold has been steadily de-
election OF 1896. The State elections OF last
fail showed enormous changes on this
question in the States where the move
inent for lowering the money standard
had been moot active and successful
The States OF Oregon Washington Cali
fornia. Wyoming. Sou;h Dakota, Nebraska
and Kansas were captured by the sound
money forces and changes We're effected
in the political complexion of the legisla-
lures or those and other States, which give
the control OF the United States senate for
a. least SIX years to come TO the uppon-
erts OF all forms OF cheap money legsla-
ton and OF all schemes for the Reputation
oil public or private debts
L.. INC C tPhThelhl16do590 79S00 "a 40
The new congress Is for the gold stand
ard in both It's branches and the evident
impossibility OF securing any legislation to
make silver instead of gold the standard
money metal has produced new discour-
agement that has resulted In fresh deser-
TONS from the silver ranks Only few
politicians who committed themselves so
fully TO the cheap silver dollar delusion In
1896 that there IL no line of retreat open
10 them now insist upon the readopton
OF the Chicago platform by the National
democratic convention of 1900.
The masses OF voters who gave an en-
,usiastic support to the Chicago platform
only three years ago now show no Interest
South is there at present any demand in
the public press that IL be revived as O
leading Issue 10 the next presidential cam
paign. The present indications are that II
there Is any mention Of the free coinage
or silver in the next democratic National
platform there will be nothing said about
the ratio OF sixteen to one and the question
will be made secondary 10 new issues thai
are now taking shape in the public mind
The National Sound Money league MAY
fairly claim some credit for the remarka
Bile change OF opinion on the elections o
last year in the Western States. Our pub
lications we're widely distributed by loca
committees In all those Statesi Our pub
LEGATIONS were widely distributed by ioca
committees In ali those States. and the,
furnished facts and arguments which wer,
used by the sound money speakers Ou
monthly paper Sound Money was mallet
regularly to all the weekly newspapers II
the South and the West. and the editor,
OF those papers found In Its columns frest
topics for their own writing and state,
ments aud arguments which they OTTER
copied entire. The paper has proven to b,
very effective means for disseminating
sound money ideas.
In October last National currency con