The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-15
OPPOSING THE BILL
Texans Are Going on Record Against
the Gold Standard.
BAILEY Is TO SPEAK TODAY.
A Large Audience will Listen to His
Eloquent Effort.
THE TEXAS SCHOOL FUND CASES UP.
THE TEXAS SCHOOL FUND CASES UP
Mr. Lovett Argued for the Railroads and
Senator CuberSon for the State.
SOUTHERN REPUBLICANS ARE WORKING
But Payne stilI Exprcsses Confidence
that His Proposition VIII lie
Adopted by the COMMITTEES.
fsneclal to The Post.D

Especial to The Posto
Washington December 1i,--Members oil
the Texas delegation are getting on record
against the gold standard bill now he'ne
debated in the house Last night speeches
were made by Mcssrs. Kleberg and Henry,
and today Messrs. Sheppard, Lanham
| Burke and Ball made speeches against the
bill Each and every ono OF them were
! straight from the shoulder democratic
speeches and would have made ys.s the
hearts OF Texas audience. Their speeches
were all we'll received by the democrats OF
| the house and literally applauded' II
shows that the Texas delegation stands az
we'll in the house as any delegation IN
| congress, and also Is absolutely true TO
the platform upon which they were given
their commissions TO represent the people
| of Texas.
| Hon. Joe Bailey is expected to close the
| debate tomorrow afternoon, and the IN
! quiries ms TO whom he would speak gueran-
Tee him a big audience. II is singular
| fact that while the majority of papers in
/ ,he East are perennially lambasting Bailey
4 their correspondents here have ins'rue-
! ,,ons Tn faithfully report his remarks on
| any subject, which is clear and distinet-
1 i've compliment to the young statesman
| from Texas and an acknowledgment tha'
| he usually knows what he s talking apou'
and does Il better than the average nav
in the house.
IDrn IN,
day; Three years ago every repup'icai
orator declared 1t was not their phrpos'
\ either 10 abandon sivot as1lnouey OF os'i-
/ mate redemption. to retire the greenpachs
from circulation or to permanently Ias'en
the gold standard on our country NO"
the republican party makes an ignominious
eurrender to the money power BY bringing
! in n measure which no political party e'''
| declared for--unless you dignity tne shN''
from the democratic party in 1896 as suon.
vbose candidates carried only one small
| nreoinct in the United States, am ho'
| surprised at <he change OF front by tho
| republican party upon the money question
IN three years. Less than year aho nv.
one from the president down coulu -,
1 would tell how he stood as to the iorCinle
i without liz peoples consent
| Mr. Boll stated that he was not dlscoul
aged by individual republicans hbhnuon
ing silver. naming some, but asserted tnul
"the only doubt ever entertainer by mn
AS TO the advisability of free silver coihuet
| was due to the fact that so many iepuo
licaus high in party councils favored H.
He commended that the bill was not de-
manded by any considerable number oil
he unselAsh voters OF the lind, but was
1 do manded By selfish interests which pn'
I'M the money TO elect the republican tlcke'
in 1896 and which now demanded tnht lh'
bread cast by them upon the waters shoulu
be returned an hundredfold ana IN ,ht
| shane of cake AS to the boosted pros
| neritv 10 Justify the measure, he said:
.,Upon this frail bark they venture to shf
/ their political fortunes. and In this castle
of cards they would intrench themselves
h against the assaults OF an outraged ana
!, plundered people. Upon fictitious pros-
perIty, the outgrowth OF the explorations
OF great combinations OF capital made
possible under the Dingley law; upon
J, bonds 10 carry on war after peace was
= proclaimed: upon an abnormal trade bal
} nnce in our favor: upon industries stimn-
lated by war and famlnes abroad. the re-
, publican party. now defended and res'eu
J its case" On,
+ He reminded them OF 80, 30 and 81
when times we're booming. only to be toi-
} lowed by disaster: when the hilltops Of
Virginia and the prairies OF bleeding Kan
sas we're alike laid off into future grea'
, cities" Mr. Bail contended that while
, trust controlled products had advanced II
many instances more than douhls the price
year ago, that labors wages had not ~
creased 10 per cent not sufficiently to pay
: tho increased cost OF living. He expressed
: the belief that great trusts With inllate'
values would ultimately be wrecked, bu
stated that Il was also true THAT thel
promoters would arise, phoenix-like. iron
their ashes, with ilIgotten gains fieecee
, from the small fry, and add TO their nj
ready enormous wealth by extravae0pt
salaries and reorganized properties. bough
IN through the agencies OF recevers.'
He denied that the worlds increased
production OF gold had solved the money
question and showed by treasury statistics
that while the world produced in 1885,
nearly 5000 600, 900 OF gold that less thar
I, sa7, 900 900 was added to the worlds stock
OF money, the balance going TO othe
uses. He accounted for the increase o
|, $500 600 900 In our circulation within three
wears by the fact that we had issued 5000
0On. 900 In bonds and enjoyed trade bal
! snce OF nearly s1.50O,oOo,o0o during that
time.
a pound the greenbacks. as this bill proposes
1 10 do: destroy the legal tender value OF all
r forms OF money except gold, as this bill
: does; make all obligations, public ant
!. private. payable 10 gold. as herein proyid-
4 cd. let a shortage OF crops occur or In
: dustries be tied up by organized labor de
i manding q share In prosperity; let Europe
8 demand our gold-then see how mushroom
{ prosperity will vanish"
a condensed argument for silver coinag