Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-12-23


cratic party do? "wilI they favor
state banks and discourage our ma
tional banking system9 viii they IA
vor free trade aud abandon protection?
VIII they endeavor to make cheap col
ored labor supplant the EN-
ployed labor in Northern states
Will they decentralize by increas-
ing power at state capitals aud lessen
ing power in the government depart
ments at Washington ~ THE GA
zErTE, speaking for Texas, as part Of
the South, believes that it voices the
prevalent feeling Of the dominant
party of this state in response TO the
catechism Of the Journal:
l. No overturDing Of the national
banking system s intended. The
rapid extinguishment of the national
debt and calling In OF bonds, upon
which that system Is built, must In
few years create demand for some
other device for securities, or the
banks must call in their issues and
cease to do business In national cur
renoy. Bankers themselves are look
ing forward TO the time when the
bonds will not be sufficient 20 sustain
the present volume OF national bank
circulation, and are seeking some new
expedlent for II basis for heir
circulation. While the pres
ent national banking system is
30 ort.lived, no radical tam
pering with it will be urged by the
South. What changes are made will
look only to guarding against an ex-
cessive contraction OF the currency as
bonds are called in and the notes re.
tired
2. If by free traden Is meant rev
enue reform, yes. But the changes
will be prudent aud conservative The
final reduction of the tariff duties to
level where they will provide a rev.
enue solely for the needs OF the gov
eminent is the demand Of the South
The change uill be- made by gradual
steps, aIordlng time for the business
OF the country to adjust itself TO the
change. The official declaration of the
Democrats OF Texas, made in conven-
ton at Fort Worth last July, said as
to the tariff: mo duty should be inn
posed upon imports, except TO raise
revenue necessary to the mainten-
400, ,f ~ a,,unp,iaaI aud IA
cient government, and the pay
mant Of the public debt.n We do no
think opinion in this state has changed
since its expression, as quoted, last
summer.
g. The question is purely q private
aud Industrial one, with which no pc
litioul administration has anything tc
do. Ifcolored labor, of equal eff ,ien-
cy, is cheaper than white labor, ther
colored labor will he employed, Bust
negs IA not philauthropc, II buys the
best and cheapest work. There Is n,
instance, so far as made public, wher,
any Northern employer paid high
prices for labor, through pure philan
ihropy, when II could be had cheaper
But there are numerous instances o
Northern employers sending to Eu
6 rope aud engaging chesp LABOR. which
: was transported to this country an,
"supplantedn the native working
8 men. II negro labor is cheape
than white labor, Southern employ
j. ers win make use Of H. and Demc
c cratic administration will hay
nothing to do with the transaction.
!. 4 They viii probably "decentrallze
T.. by regarding the constitutional limits
1t tions OF state and federal governments
= giving each it's due and at all time
observing the rights OF HAth.
; Presidentelect Cleveland has d,
a clared that this shall be "busines
administration" and he will yer
"a likely see to it that no act Of his q
Of policy OF his party shall be hurtful I
10 the business interests OF the country
= rhe Chamber of Commerce JOurni
n. need not fret at the thought Of dang,
Id from the South, for there is nome,
a Cept TO corrupt and Incompetent ofii
=, - holders
> MIR, SAN ". WALLACE candidate (
- United States ms rshal u this DIS rict.
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