The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-18
NEW AIl,r.s OF TIE Tnusa 5.


1t Is one OF the noticeable developments
Of the times that some OF our Southern
papers that supported, or let 1t be known
in 1896 that they favored, the gold stand
ard. are now slyly attempting to throw
cold water on even the crusade against
the trusts And yet 1t looks natural that
they should do so, In defending gold
recommendation and a contracted money
system, while ostensibly against trusts,
they artfully drop into a defense of or an
their gold standard.
In assuming their firm stand against
free coinage OF silver and bimetalsm they
would necessarily knock out one of the
strongest weapons against the trusts. The
Chattanooga Times went so far as to
argue the other day that all this hula
baloo against trusts was rot" as there
were no trusts, only great corporations.
Taking such positions and championlng
the greatest of all trusts the gold trust,
they are still simply standing by the re-
publican party, and are doubtless prepared
20 again aid Mr.. Mckinley with all that
McKlnleyism means, only by reason of
their bitter hatred of the regular democ-
racy and because it will not bow down nor
truckle TO them.
In this connection the Nashville Ameri-
can says that It has read Governor Savers
recent article in the North American Re
view in explanation of the new Texas
antitrust law, together with the gov
passing interest''-hrst, because of the
exceedingly drastic provisions of the new
law. and secondly, because Governor
Sayers as the promoter of the coming st.
Louis conference would naturally be Sup
posed to have discovered some practical
remedies for the evils complained Of"
Governor sayers' conclusions In the
premises are stated by himself as follows.
Congress can If It but will, render the most
eHcctiye and substantial assistance Let IL
reverse the present policy as to the currency
ana tho tarlh. putting the two metals upon an
entire equality, and providing for n fairer and
more general distribution OF the currency and
lowering the duties on imports that the
Productions of other countries may compete
with those controlled by the trusts This much
congress can and should do. In the mean
time let the States perform their duty,
He argues that tho growth OF the trusts
Is due to vicious legislatlon--to the policy
OF the Federal government In the matter
of the currency and taxation and to that
of the States In the creation OF corpora
tions. high protective tariff excludes
competition, says the governor, the single
gold standard limits the volume OF cur
rency and enhances the value OF that In
circulation, while the State laws render
easy the formation OF corporations which
lead up to combinations.
Then our gold standard Nashville con-
temporary and doubling Thomas on the
suppression OF trusts, remarks In reply:
The Texas executive is doubtless correct In
charging much OF the responsibility for the
trusts upon the tariff system and the loose
CORPORATION laws OF the various States but
the claim that the currency has anything 10
do with their creation we do not believe s,s-
teptiole of proof MIR. Bryan and Governor
savers ana other democratic leaders may be
able 10 demonstrate the contrary, but IL is a
notable fact that they have not done so up to
the present time.
The point complained OF needs no dem-
onstration--it Is self-evident truth. But
demonstration is easy. The trusts re-
quire vast sums OF money for their capt.
talizaiion, sums that are compact and to
be reached in bulk; the gold standard by
limiting the volume and enhancing the
price OF money enables only great syndi-
Gates to hoard or handle great sums, to
corner the money. as It were, and as is
practically the case today; therefore the
trusts can only be financed by these syn
dicates. And today and for year past
We have seen that very thing until the
volume OF trust securities has been
dumped into Wall street to such an ex-
tent that the money power is becoming
alarmed and cautioning more prudence in
trust creations and speculations!
The alleged democratic papers supports
ing the gold standard are being thus led
deeper and deeper into the mIre by their
republican friends. until they win be found
at last practically advocating monopoly In
all forms. while. like the Nashville Ameri-