The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-19

mondous slump. American securities also
passed through day Of fearful storm and
stress. and all stocks suffered heavy losses.
Cotton has borne the ordeal wonderfully well
during the past week. but.yes,erday s financial
troubles were too much for even that COM
modify TO Withstand the pressure Thousands
upon thousands OF speculative holdings were
sacrificed, and the market was down 40 points
at one time. equal to loss of 81 per bale.
| Part Of the loss WAS recovered. however. and
the market at the close appeared to be In
very healthy condition Spot cotton is still
strongly held, and farmers ard merchants
refuse to sell at the low prices named today
Great Britsin's crisis is the gravest in the
history OF that great power.
Nobody has heard anything about reducing
the war tax Oh, no! Expansion must be
had II It bankrupts the taxpayer. Such glory
can not be put aside merely because It Is an
expensive luxury. We must be a world
power" donchyerknow, even II We must drag
at the axle OF the mperinlist chariot the
bouue and turdened labor of the Nation. The
fac, IS the United States was n world power
hcfor' tho spanshA merican war. with ell
the evil brood that It has Matched through
its radical departures from original decara-
ton and purpose, was ever dreamei Of and
they will continue to grow fn the commercial
dominance OF every legltima field of bust
ncsr operation long after the abnormal fever
of Imperialism has passed away.
Dom Paul has John Bull doing a mighty
heap OF guessing these days.
Count Won Buow, the foremost statesman
of Germany by his hammer ani anvil similc
haa provoked a hurrican, of protesting criti-
cism from the British press The London
Times declares that Great Britain will not
permit Germany TO become the hammer" of
the seas. Geru.sny must remain tho anvil
upon which Great Britain proposes to pound
NOM, tor ,ho nr,,,Ii,,. ~ -, ,,,,,, ~,
sh,ii 1,sr,,,a ~ dan,snin, =, ~. h,nn 80
u-,,t an ,.,,,.,,- .,..,,.,. -, 49,
sie,iaca,co =, ~. r,isa,,, .aoa,, ,,is,, 80 ~.
''''''N e"p''s' 10 rnpluly ceaelhs 10 SIGNIFY
General Buller's retirement from chief COM
mnnd IN South Africa is grave confession of
tho failure Of another British idol
F.,
N'''"" "'s very hNeiy passed throuEh the
WI" s'"se NOW, anu shoulu ho'o IT'S own
from TINS time forward The value OF It's
world. and as soon as financial conditions
show an Improvement the south's staple
should command the price that Is justified by
the sman crop and enormous demand.
"''"' ',no 'nai 'he Na'neV were p'ueN-
ing up suthcent 'emerity 10 throw anoiher
CONSERVATORY messase az oam raul
The cotton speeulators we're demorallyed
yesterday and Inundated right ana left. The
cotton producer. however. does not ,os. his
head ON account OF n money manic in I,opdon
and wal, styeet II. knows that m, ,or,d a.
80" W" $3.50 ~ """ '"a' '"e WIZ" ~
III heeu OF MS STAPLE ana Is refusing TO saeri-
h'o T. On sum speculative uee'ihes as DC
eu'teu Yesterday,
r.. IN, ~.
all lodges, simply means the destruction of
bmetalllsm. Is loaded with disaster for the
republican party.
-''-
ea' mohey Shot UP 10 iuo per cent In New
i''h ~ one tune Yesterday and the hnal
the money market caused an upheoval In all
commodities that are subject 10 sneeulatIy.
dealings, and II is remarkably ,omforti,s h,
know that cotton held up better than any
Other article.
President McK,n,., II. ,h. r,., .,,...
side .s,eppcr vel deyelonsa hv Amsr,o,n a,, |
tics. His amazing record an ,h. ,,,,s, 49, ~
is a case In nolnt '''"''
-------------
British ktatesn,en nublicis,s ana ha,,na,
jinsoes have probably been forced to tho most
mep,s for a South African feaerat,or IN al
v,,o. =, a.. h,..a,. $500. 81 w |
sah'e u tue oioouy protest OF the butcn ie"
publics was genuine case of counting chicks