The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-18
MR.. TONNES PREDICTIONS.

Mr.. TONNES PREDICTIONS.
There is little If anything upon which to base the
prediction attributed to ex-senator Towne in yester.
days dispatches from New York, that the National
democratic party will split in 1904 that Mr. Bryan
will lead third party faction in support of the
to which he is still loyal.
Nor is there ground for the belief ne is credited
with having confessed to, that very reactonary'
platform will be constructed for the next democratic
nominee for president to 90 before the country
In commenting upon the much talked of platform
adopted few days ago by the Ohio democrats, Mr.
Bryan has said that he is not candidate for any
office, To his mind though, the money question is
not yet out Of politics and there for ig
noring the subject. IT, the gold element assumes
reafarmation of the Kansas City platform was re-
fused because 1t contained silver plank, it would
have, he argues been courageous to have openly
declared for the gold standard. He ndorses the nom
nees of the Ohio convention, however and finds much
in other respects that is good in the declaration OF
principles upon which they presented to the people
for their support at the polls
There is nothing in all this upon which to predi
cate the supposton that MI Bryan contemplates re-
nouncng his allegiance to the party which twice chose
him for it's standard bearer On the contrary it in
dictates nothing but purpose to advise the democracy
against drifting upon the shoals of reconstruction in
pursuit of vain nope of success to come from an
abandonment OF principles which have in the course OF
events trumphed ia spite of the double defeat which
overlook their champions.
our position free silver in 1896 and 1900 was
misunderstood declares .ar Towne. 1--WE were not
demanding more market and profit for the SILVER mined
but more money for the country to keep up prices
God in His wise providence has provided a vast in
crease in the supply of gold and today there is more
money in the country than there would have been ii
ue gold supply had remained stationary, the minis
had been opened 10 the free coinage of silver" In
other words, had it not been for providential in
crease in the supply of gold with our rapidly null
tplyng resources and continuously expanding indus
tries would have been without adequate metallic
basis for currency Time has shown that the demo
Gratis right in warning the people against the dan
gers Of single standard, and 1t through the kind
ness of an all wise supernatural agency alone that this
country was saved from financial embarrassment
against which bimoallism would have been the only
safeguard otherwise.
There is no difference of opinion between Mr.. Bryan
ana MIR. Towne on this subject only Mr. Bryan is
opposed to party rerogression at time when there is
no excuse therefor Correctly interpreted the reaction
Mr. Towne foresees is but invention of impatient
and misguided political strategists who would abandon
n correct position to chase the shadow OF success
hanging vague in the distance uplifted by the mirage
of eXpedency.
1t may be that, Mr. Towne says so long as
the present condition continues tAe supply of colo
continues to increase, there be no successful OIL
serious demand for the free coinage of silver"
that certainly that demand not again be made
Issue in a National campaign unless there is bis
change in industrial financial conditions but II
does not signify that account that it is incumbent
upon the democratic party the back track ant
by implication confess that it wrong in its igh
for bimetallsm There is occasion for reaction
in the fact that need of larger quantity of pre-
cious metal 10 broaden the foundation upon which oul
money rests has been supplied from unexpected
source. The democratic contention for ampler sup
ply Of circulating medium having justified itself it
would be poor policy to say nothing OF bad politics
to back off from firm ground at a time when its occu
paucy should be pointed to with pride instead Of re
ferred to- if at ALL in a whisper
True. without change in financial and industrial
conditions, there will be call for making silver an
issue in the next campaign, but the principles under
lying the doctrine of bimealism will not be dead and
the democracy not without departing from its
traditions and abandoning its ground the party OF
the people ignore the financial question or cease de
handing that provision be made for supply of basic
money broad enough to meet the requirements of our
ever growing trade.