The Daily Metropolitan (Brownsville, Tex.), Vol. 1, No. 13, Ed. 1 Sunday, September 3, 1893 Page: 1 of 6
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THE DA
JL JJIJJ JU JliAr
Plfifl
DEVOTED TO TIIK TRADE INTERESTS OF THIS SECTION AND THE PUBLICATION OF THE DAILY NEWS,
VOLUME I.
BROWNSVILLE, CAMERON COUNTY, TEXAS, SUNDAY, SEPTEMBER 3 1893.
NUMBER 13.
For® ttfl Parity of
A Proposed Plan to secure the
Parity of Gold and Silver.
Ao Act to create a singlo standard of gold-
silver money of the United States; to es-
tablish it valuo and mak i t a tender in
payment of debts; to provide the basis
of National, and State Bank
circulation; to provide for the
retirement of the present gold und
silver coins, acd to provide for the re-
tirement of all outstanding gold and sil-
ver certificates and greenbacks:
Section 1. Be it enacted by the United
ütates of Amcivca in Congress Assembled)
That after tbe passage of this act, 240 grains
of fine silver and 11.61 grains of fine gold
when coined as hereinafter provided, shall
constitute one dollar, which shall be the
unit of value, and shall Wb known us the
Standard Money of the United Slates of
America.
Section 2. Coinage shall commence, as
aoon as possible, in the mints of the United
tates, by the making of two, three and five
dollar pieces to be made of two. three or five
lUuita of value respectively in the following
' manner, the Silver after being properly
formed with a hole in the ceityer in which
•hall be inserted the gold made thinner than
the silver, and that the impression of the
coinage die shall produce the effect of the
gold being pannelled into the piece of silver
and when existing silver dollars have been
sufficiently retired then may .commence the
coinage of dollar pieces each to contain one
anit of value. The fineness of the gold may
t>« reduced with part of the silver if desira-
ble.
Ssctiok 3. All existing values of gold
an4 silver coins of the United States shall
not be disturbed by this Act, nor shall exist-
ing oontracts for the payment of debts be
thoreby interfered with, but, future con-
tracts for the payment of money will be
understood to be made in the standard
jnoney herein contemplated, but the right to
cancel all considerations in gold shall not
be impaired, and until the government has
provided a sufficiency of standard money
•11 future debts sbalíbs paid one-half in gold
and one-half in silver of the existing coins of
the United States or their representative
values, be it certificates of gold or silver or
greenbacks.
Suction 4. All existing gold and silver
coins of the United States or certificates
therefor as well as greenbacks when re-
deemed shall not be re-issued in any manner
•xoept to cancel existing obligations as men-
tioned in the contract.
Seotio* 5. As soon as all gold con-
tracts of the United States have been cancell-
ed then the farther coinage of existing mon-
ey shall cease, and all outstanding coins
when redeemed shall be used for recoinage
Into the standard money herein provided.
Whenever it is necessary to purchase gold
bullion to use with the silver bullion now in
the treasury to coin standard money it
may be «jone by paying for the gold bullion
in standard money, provided no more
shall be purchased than to equal tbe silver
values in the treasury.
8kction 6. Borrowing of money fcy the
government shall cease, except it be in the
standard money herein provided and to be
payable in standard money.
Ssctiok 7. The coinage of the standard
money herein provided shall be free and un-
limited to any person or persons of the
world, he or they always presenting gold
and silver in the proportions herein provid-
ed.
Section 8 The Secretary of the Treasury
■ay cause to be coined standard money, in
•n«b shape as be may soleot, to be of the
value of a thousand or more units of value,
each piece to be numbered and to be only
transferable by endorsement In an accom-
panying book numbered correspondingly.
Section 9. Any of the National Banks of
the United States, when deposited bonds
are redeemed may use standard money to
deposit of tbe same value of the bonds re -
1 as a security for their circulating
111 raoeire JW1I value therefore.
;9tiR| fprivilege may be granted to
ap.
Section 10. The Secretary of tbe Treasu-
ry may adopt sucb designs, complying hore-
witb as may be desirable and distinguisha-
ble from the present coinage and such
standard money shall only bear tbe Coat of
Arms of tbe United States on one side, and
on the other side a female head representing
liberty, with tbe words "United States of
America," and tbe value of tbe coin.
Section 11. Certificates for standard mon-
ey may be issue*! to any one depositing gold
and silver bullion for its full units of value,
dollars, provided the quantity of each metal
shall be in the proportion herein required
for standard money, and certificates in large
sums may be issued aud only transferable
by endorsement and said certificates shall be
a tender for their face value in payment of
all debts tbe same as standard money shall
be. Certificates inay bo issued for all the
gold and silver bullion in the treasury, for
the value of each metal porpoitionod as
herein centemplated.
Suction 12. Subsidiary silver coins,
when redeemed shall be replaced with silver
coinage calculating 420 grains of fine silver
to make one unit of value which shall be
tender in payment of debts to the value of
ten dollars, and such quantity of subsidiary
coins shall l>e coined out of existing silver
bullion as may be required.
Section 13. All laws requiring the month
ly purchase of silver and all laws or parts
of laws contravening tliis act are hereby
repealed.
Reasons for Proposing the
Forgoing Plan.
lBt. The ratio of silver to gold would
secure the United States from lo*s in the
purchases of silver heretofore made, and at
the same time be a fair valuation to the
miners of that metal. Tbe quantity though
is not intended to be arbitrary
2d. It has been stated that gold and sil-
ver cannot be mixed in the quantities propos-
ed so as to affect the color of the silver, or
to insert the gold in the center of the silyer,
so as to make the coins easily distlnguisha-
, ble from other cotes but that point can .be
gained by panneling the gold into the cen-
ter of the silver, similar to the pannel of
a door, which would make the pannel
of gold, leaving an indentation on both
sides and protecting the more precidus me-
tal from abrasiou,and besides it would make
a coin almost impossible to counterfeit.
3d. Coins of larger value than one dollar
are suggested ::o as not to bo confounded
with existing coins either iu size or value.
4lh. Making all future debts payable in
standard money, or, payable in gold, or,
else, payable one-half in gold and
one-half in silver or greenbacks,
and the clause to purchase gold will
provide the gold with which to cancel all of
the obligations of the government, and also
provide the gold tu use with the silver bul-
lion now 1n the treasury in its coinage.
5th. Tbe right granted National Banks,
provides a desirable way in which they can
continue business, after their deposited
bonds are redeemed, and, also, secures a
safe circulating medium to the country. The
same privilege grunted to State Banks.
fith. Under this proposed plan the great-
er part of the circulating medium would be
in certificates or Bank notes, for no
one at this day wishes to carry gold, even,
upon his person, to any extent. The cer-
tificates will be the desirable money, lately
by 2 per cent premium.
7th. Repeal of the purchasing clause in
the Sherman act, so-called, without any sub-
stitute, means no less than the demonltiz-
ing of Bilver with its long train of attendant
evils; and, it meaos the destruction of every
interest in the silver states of this Union.
Their welfare is of more importance to these
United States than all of Europe together,
aud for the government to undertake to
maintain the present silver coinage after
demonitizing it would constitute a fraud
upon the people.
8th. In Mexico the depreciation of silver
has not affectcd prices only on importations.
Lands and houses, the products of the soil
labor, fares and freights on railroads, the ex
penses of the republic, except as above f tat-
ed, remain unchanged in prico and are all
paid in silver coin, gold coius not being in
circulation. The proposed plan would bring
out the gold and silver to he coined in our
mints and the money therefrom be ased in
purchasing our manufactured articles. The
depreciation of silver, reported from Wall
street is not general throughout the Amo-
ves*
9th. Tho clause requiring gold and sil-
ver to bo presented in equal value for coin-
age into standard money will prevent, e/lect-
ualy the dumping of tbe choapor metal into
tho treasury, be it silver or gold; and in-
stead of auy such event happening, an
equilibrium of the two metals will be estab-
lished. It will also prevent tho over pro-
duction of either metal. If Europe sends her
silver here for coinage she will have to send
an equal valuo In gold.
10th. The act will have no detrimental
effect on gold standard countries. They can
pay us gold for our produce without preju-
dice and take standard money for their
manufactures, our markot for manufactures
must be in the Americas, and this Act will
secure it beyond all peradventure.
11. It will prevent any oraste for Ameri-
can Gold for exportation, aud should it
ccino, gold can then only bo hail outside of
the treasury of tho United States.
What the Plan Will
Accomplish.
It will establish a fixed stardnnl of money
and entiroly do away with discriminations
in favor of either white or yellow metal.
It will establish a fixed value of both
gold and silver, and from which there can be
no deviation.
It will give the government a flush Trea-
sury of a billion of dollars instead ofade-
plited one.
It will restore the silver raining industry
of eight states, without which, desolation,
and poverty with a long train of ruin will
inevitably follow.
<f?It will secure to tho people of the United
States-the entire trade of North and South
America.
It will be better than any tariff law to
foster and protect American labor and
industries. \
It will defeat the scheme of England by
hoping for the United States to adopt the
gold standard and thereby securing tho
trade of this Continent, because on a. gold
standard tho United States cannot compete
with England in the trades.
It will bring all the countries of America
tc (he same standard, bring gold as well as
silver into circulation and create an interna-
tional money for theso Americas,, wilh no
possibility of a disappreciation, and will
eventually force European countries to the
same standard.
It will make a transition from bi-metal-
lisin to a stanuard money without a jar or
molestation in the afra;, .? of this country.
It. will open all of our industries and
make us successful competitors for the
trade of the world.
It will give us a standard money, which,
by the use of fetauuard money certificates,
will be far more convenient in handlein
than gold itself.
It will give a standard money by coining
in sums of largo value or certificates there-
fore, transferable by endorsement only,
which will prevent in a great manner suc-
cessful robbery.
It will creato a money which sccures the
parity of gold and silver and which can
never be secured with bi mctallism.
It will fulfil all the requirements of the
last national platform of the democratic
party.
It will provide the money, "gold and sil-
ver coin," [not gold or silver coiu,] for the
States; thoonly money, the Constitution al-
lows States to make a tender in payment of
debts.
It will pisvent users of gold or silver
from molting coins for manufacturing purpo-
ses as well as prevent tho hoarding of one
metal to tho exclusión of the other.
It will save tó tho government tho full
value of all silver bullion heretofore pur-
chased and mako it a .desirable medium of
exchange.
It will provide a certain modo for the
government to pay all existing debte accord-
ing to contract, without any possible neces-
sity to borrow gold.
It will retire all outstanding silver dollars,
greenbacks, silver certificates gold certifi-
cates and prevent their re-issue.
It will put a standard money and a valua-
ble one in place of all outstanding credits
and keep them so.
It will give a basis for national or State
banks with a positive security for their
circulation.
It will prevent the hoarding of gold as all
duties and taxes due the United States here-
after will have to b« paid in poH
value. The incentive to hoard gold will
soon disappear as gold bugs can no longer
manipulate it to create a scarcity of money.
It will actually force the parity of gold
and silver and the miners of both mefals
will soon adjust its production to the re-
quirements of the proposed plan.
It will blast tho hopo of tho londers of
money, that by forcing the gold standard
and creating a scarcity of money, that
thereby they will be allowed to issue pro-
mises to pay on a basis of seven to one.
And More Than all Else
It will save the democratic party from
disintegration and will close tho mouths of
all gold bugs, and their allies forever.
DAMAGE AT BALTIMORE.
Baitimore, Md., Ang. 29. —Not
tince tbe big flood of 18G8 has such
u deltrge of water invaded Baltimore
¡ja Inst nigbfc' Tbe wind blew h gal*
ull the bftemoon, whisting nro-ind
corners end damaging all movable
propeity. E'trly iu the evcr.ing sheet,n
of driving rain besan to fall nnd
continuod with interim futy nutil
an fc®rly hour this rooming. Roofs
aatl chimneys were tern off, shatters
aud window panes smashed and
troca uprootod. Telegipph nod tele-
phone wires tvera snon wrecked and
electric lights went out, leaving tho
grcwier part of tho city in darkness.
On tbs bay mountainous ss s piled
up nnd rolied Li,:to iu the baninn
Waves spread over wharves nnd flood-
ed tl)e streets nnd ncijneent buildings.
Men rawed around in bouts from
store to ptorn in tho lon er part of-tho
citv, carrying merchants *nd cleiks
to i lanes of buHÍi)<ki and removing
viilut'blu good*. The street reuemhled
lugoons instead of businees thorough
fsroH.
Tbe wheryen wt« completely nb-
merged if not destroyed Street cars
&i0Vi?r alone .Pratt, ktraet with wuter
ruBDÍng ova th fleers. Several fun-
S>('S muí eebnouers washed ont iu tbe
bario * id r.re dry on tbs street to
d*y,
At the Hot of Com mero- street, tho
largo flour warehouses of G'tubrill
¿6 Co an I other firms wrre flooded
nud thoas>and*«f barrels of flour were
damage J.
• Tbe B*Üimoro and Ohio railroad
warehou et; nnd freight bouses 't iho
loot of ftpear's wbarl also suffered
thousands of damage*.
TJio steamT J. E. Tygr^rt s nk
lust uigbt in Trappe rivir. The pns-
«•'ngors landed u few miuutcs before
th« vessel went down.
Tbis afternoon whilo employes of
the Brush oleotrio light company
werp straightening out tanked wtre.ii
cu Charjcs ftrsot Lotiiu F. Mad da \yan
caught by n livo wire and feil to tbe
sidtwiilk doud.
There is a bi*< anli-adjournment
element in the home Mr. MeMilllo
of Tttnnees e has spok«n for this
element; and be says cougresi nasi
go right abe'id on lb" tariff Mr. Cleve-
land will perhaps settle the matter, as
be has so far'settled tbe silver ques-
tion. The bouse will disoues tbe
roles to-morrow, and maybe longer,
b it bus nothing else to do, and if in
it3 present condition ,of mind will
perhaps adjourn over lor three dsyf
at a time till,tbe senate gets through
with the silver bill.
TO TACKLE THE TARIFF.
Washington, Aug 29.— At tbe
request of a majority <f tbe waya and
moans committee Chairman Wilson
tbis afternoon issued a oall for a
meeting of the committee to-morrow
morning, at which it is desired and
ixpectsd tbs question of tariff bear
inga before the committee classss of
persons and interests will be heard,
etc. Tbe democratic members are
anxious to gst to work upon tbe tariff
bill so it may be ready to report to
tho house by the regular session Id
Deoember or immediotely after the
holidays.
Chsirnmn Witaon has announced
the fallowing cub-cominittees to have
cha' ge of tike several subjects oams^
io tho preparation of the tariff bill:
On custom: Messrs Wdson.^Whii-
ing, Breckinridge, Beed and Borrows.
Internal revenue: Messrs. MoMill-
in, Mcgomery, BjQum, ¿Iopkins and
Psyne.
Administration custom* laws;
!\fe[>era Turnar, Stevens, Tarsney,
Pn4vne an tí Gear.
Put lie debt; Messrs. Bryan, Mor
Mül o, Whiliog, Burrows and .Dslsell.
Reciprocity aud coromeiftial tree*
tios: lesura. Cockrsn, Bynum. Tars
it y, Gecr and Dnlxell .
AFRAID OF FRANCE.
Bangkok, Aug. 29—In ordar to
exsreise fu'hcr pressure upon thu
Siamtso government to corpcd eom-
¡ilianca with tbeir latest demands,
the French uro tlireatei ii>K the further
return of their gnnbontn. Foreign
readouts are loud in their indigna-
tion at tbu policy pursued by the
Fit^'ch government. The rtport
rer-eiv.d to tho eff/ct thfif the French
were fortifying CbaotüHun tends to
increase the anxiety with which the
siiustion is viewed in this city. The
German gonbont Wolf etilu bencfl
to-morrow which will leave the port
without a single forign ganboat, c«ua-
in« considerable nlsrm on tbe part cf
tho foreign contingent.
WHAT TO DO NEXT
Washington, Aug. 29 — About the
flret question asked by everybody as
noon us tbe silver matter was de-
cided in tbe house was: "What will
the house do now?" The answer
oould truthfully be. "No ono knows."
Mr. Wilaon, chnirmftu of the wuys
nnd means committee,,and those with
him favor an adjournment for I he
rentan that it waa D* a given out that
toe hdmlnis'ration Wftnto an adjourn-
ment. Ui>t, lo-aiy uciubers of the
ciLiin-jt, « « credited with 6Mi"g that,
uo or.fe u iiUthtil?.ort to ^x,;k fe*' the
f dministration except tbe bead of it.
Ibis being the tase, there can bs
nothing certain given the public till
ih^ return of the pronjdaiot, whi^i
w;'i to ihh v,i«V
DISMARCK'S TALK.
Berlin, Aug 30.—Jo his speech t
Kiesingen on Sunday to a-number of
citizens from Fmukforc on-the Main,
Pi inos Bismatok remind ad hip k&a-
reea of the day when he, lived in
Frunkf 'rt and became so domesticat-
ed a hpot in a church ysrd there fpr
his uwn crave. During tbs war of
18(>6 he w."s never able to get rid of
the temptation to make Frankfort
part of Prussia, although he wished
tin* connection to be voluntary. It
was no desire for conquest, but
Frbiikfort whs the bridge over the
Main, tho tr.te tie pont for Gertoany^s
unity not in u l illitary but a moral
and commercial soiwe. If Frankfost
h'id not hrcome North German, it
was moio than doubtful whether the
neighboring southern tates would
not have followed the exam-
ple t f that great commercial empor-
ium. Their visit was proof that all
tbe w und* bad btalad and ¿bat they
bore hito no ill will for ,hfs ebara^p
lb" ruaUnr,
In regard to the charge of <his be-
ing h particularism tbe piinoe said
thi>t the national euuse was based op
a calculation tbht all the factor#
would work together on common
questions. If this failed, tbe natio-
nal feeling would diminish and this
would h« a serious mutter in case of
a change in the European situation.
should never dream/' continued
Prince Bismarck, "of replaoing the
imperial with the Prussian govern-
ment. Toe empire must be ruled yb
tho united efforts of tbe twenty-five
governments. -I am uneasy when
there is a chancellor who acts with-
out coUAuUing any one. 1 would
rather see bim in tbe leading string
of his Prussian colleagues. His chief
importarle lies in* bis being a mem-
ber of the bundesrath. If the bun-
dri-'ruth bad a mote direct feeling
with Bivaria, Saxony end tbe other
itate«, and if the empire was in good
order, I think tbe posttfBce would
gain a great deal by tneau<« of their
correspondence, My hopes, however ,
have not beon fulfilled."
At tbife point the prince abruptly
eonc'ttdod his spiral).
FOR SALE.
On accouunt of cloeing my R©«
tauriint end Hotel business in this
city I will sell for cash at reason-
able price;', all my fixtures, such
ftw, collators, chaire, tables, hang"
ing nml bracket lamps, beds am
bedding, wash stands, dresser,
etc., etc.
Mannfl rle la CJoe.
T^aabotk yt L
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Smithwick, John P. The Daily Metropolitan (Brownsville, Tex.), Vol. 1, No. 13, Ed. 1 Sunday, September 3, 1893, newspaper, September 3, 1893; Brownsville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth178122/m1/1/: accessed May 14, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting The Dolph Briscoe Center for American History.