The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-22
Is the silver Issue pend,

To the Editor Of The Post
Loyal Vale, Texas, May 17.-Among the
propositions educed in affirmation Of the
above query. there can be no more COM
plete inversion Of truth and good reason
than the reiterated statement that the
worlds increased output OF gold obyla,es
the need Of silver coinage. It only EN-
phasizes IT, The fact really brought for
ward is, that the need and right of toll
to transmute itself into that universal
equivalent money, by digging and coming
precious metals, Is so great that it Will be
exercised even if the rightful means of
doing so be restrained or denied. There
exists under present conditions an impe-
rious necessity that labor, in due proper
tion, be employed in delyng out OF earth
the raw material for money, the equivalent
and measure OF value of all things, as
being the only existing means whereby
the price and true value relatively, Of COM
modlties, evidences of debt and of prop
erty, and OF the labor that produces them
all Is In some degree automatically reg
ulated.
In the process Of employing labor direct
ly in the production of the dollars that pay
II and thereby increasing relatively the
number OF those dollars and as a necessary
consequence the price of all things and
the demand compensation for labor gem
orally, is a mighty defense OF toll against
the perpetual attacks OF greed and a safe
guard against unending plots 10 tamper
win the bond by making the units n
enumerates and specifies OF ever growing
labor cost and purchasing power. Money
Is out the indispensable tool OF exchange
1t Is best and just that labor make
lhe money OF final redemption and the
nation Tor all, make, guarantee and profit
by all its token representations.
NO other means are proposed whereby
the relative value Of things can be so
equltaoly regulated. The necessity that
mas compelled US 10 dig more gold, re-
cures us to dig more silver. The real
Issue OF the time Is now so definitely made
ana OF record that dizziness itself must
comprehend IT, We are asked to have the
government resign It's duty to coin money
ana regulate the value thereof into The
hands solely OF loaners, stock jobbers and
appropriations OF the franchises OF the
people, mourning thus besides an enormous
immediate loss In silver % be retired. etc.
a perpetual and annually recurring one
on me amount OF interest that wise and
SAFE hnapclering might save for a people
TWO blii1ns OF dollars In debt by floating
backs
Worse than that we hand over for an
time the power to manipulate the volume
on money and consequently prices. we
WIN lose the power to regulate the kind
o. stock that will ultimately be The basis
OF lhe Issuance Of money SO surely thai
we VIII al once inject a large amount of
probable value and therefore. danger into.
me vast volume OF industnals or trust
SOCKS hoated upon the superstition maj
ny controlling both the amount ana cost
~ production OF almost all commodities
.ne people may be hled 10 nav dividends
on vast amounts Of property that does nor
tNlsl N any form more tangible than an
enhrHFtd or autographed certlncate OF
ssoSh win a name or two attached Tor tno
isal property represented Is worth far Ies,
.n4 . the amount Of capitalization. This
WIN ruined agriculture and labor he,-
nterenl robbed and hope denied 10 merlt
~ ~ INDUSTRY II Ia an appropriation of
lne earth without the trouble On acnuirinr
any title, deed or monumen, Of nrensrty
me war Is here. II must soon be AZ,
~ mined for long whether Justice shsil
oe cone TO an men and favors granted ~
nens oI whether an ever-increaslnK an
=. p,lauon OF the rights 81 ths whats
"' Wy an eser-deefeasing numbsr Of