Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-03-16
WASHINGTON LETTER.
The Legal Tender Decisions les
sons and Suggestions.
Randall and Tariff Reform -Dayard's
Financial lieresy.
New Issues for the Next Presidential
Campaign.
Threatened Repeal Of the Patent Laws
and Its Evil Results.

s7bCNiai VI klt taftitt.
Washington, March l2.-Now that
the supreme court q second time has
pronounced legal tender greenbacks a
constitutional currency, and now
since there is no possibility OF the re.
versal of this decision, the question
NMridly arises why the people should
Nv required to pay three per
cant on the currency they
use, simply aud solely for
the worse than needless luxury of
maintaining banks OF issue. These in
stitutions add no value or security TO
the money they emit through the in.
tervention of the federal treasury, and
the treasury might rs well do directly
that which 1t does indirectly, and le-
gal tender greenbacks and gold and
silver certificates and gold and silver
must constitute the couutry's curfen-
cy, the volume to be fixed by law.
Then IL only remains TO devise n sys-
tenn which may render frauds and
thefts impossible. Now, we
must guard against knavery in two
directions; then, we need only watch
the treasury.
EFFLuN OF GOLD.
Gold now flows fiom this country TO
Europe. The reason is ihatsthe wheat
crop of Europe and cotton of Egypt
and India are SO abundant that we
can't pay for our purchases in Europe
with wheat and cotton, but must pay in
coin. Our paper money, unlike that
of the bank of England, IL not the
paper Of the government, On it's face
IL Is bank note, and there are 2,500
OF these institutions, and European
never knows that this" wild-cat" money
\ is virtually, though indirectly, the
promise-to-pay of the government IT.
self. He sees that this paper money Is
not based on gold aud silver, but on
bonds, while Bank of England note
represents nothing but coin. There
fore Bank of England note is deemed
gold the world over. 1t is as good in
pekin or Fort Worth as in London.
Why would not the notes of our treas
ury, surfeited with specie, be as good
Unique geHtium tthe world over as
those emanating from Threadneedle
street?
But the tariff system touches this
question. 1t makes the cost of
living high in this country, and
of course makes the production
of breadstufis and of cotton costly. IN
fact, we could not compete at all or at
any time, while the war tariff subsists,
with India and Russia in European
markets, were ii not that the patent
office and patent laws of this cnpnirv
have enabled one man, In wheat fields,
to do the work of n dozen. European
farmers, because of our improved in
dustrlal machinery, must employ
twelve men where we employ one
man, and though we pay this one man
more than twice rs much us is paid
any European Ruth or Boa2, yet the
cost of garnering our crops Is greatly
less than that of harvesting in the Old
World. But the difficulty consists In
the fact that while mechanical genius,
wisely fostered by our patent laws,
lessons the cost OF production iniin-
itely in this country, distances nre
great and railways find no competitor
in the unnavigable Mississippi and its
tributaries, and therefore we cannot
pay our debts TO Europe in redundant
crops Mechanical genius, oneIglzed
rs IL is by the patent office,
does It's whole duty, but cheap trans
portation is not provided by the river
commission, and railways, having no
rivals In rivers, force us To pay our
debts in gold instead of In wheat and |
cotton. If IL cost only one dollar In |
stead of five dollars to translera bale of
cotton from Texas TO the sea, and If
iron ties were untaXed, and the negro
not robbed right and left by indirect |
systems If taxation. we could underseli |
India in Liverpool and no gold would |
leave this country, but only |
wheat and cotton. / nm sure !
that farmers OF the West and South,
seeing those plain truths, will vote sol
idly next fill for the Democratic rev.
enue tariff Democracy.
HOW PRICES ARE FIXED.
I.aboriDg men of tho East III mills
and mines have discovered that prices
Of labor are not measured by enormous
jariil' rates. IL protection makes the
prices of goods and the cost OF
living high, mill and mine owners do
not make prices of labor high. On the
contrary, If labor demands proper
tomato advance in wages, the godly
nil and mine owner at once imports
Dauper European labor, and there Is
10 tariff Co prevent IL. Poor tollers In
mines and mills and workshops are
protected in nothing, while their en-
,loyers are absolutely given from forty
o one hundred per cent. more Tor the
of mills and mines than they
re worth. No laborer should vote for
he protection of goods and wares and
uel until labor itself is first protected.
KEW ISSUE IN POLITICS.
These inquiries, touching the pock-
ts OF every t0iler In America, how
yer Hoar and Sherman and Fred
Douglass may object. cannot be Bubor-
llnated TO the Southern social ques-
ion. II IL left 60 work out Its own
olution in the several Htates. IL be-
.oines u local question. The supreme
curt, in fact, has thrust II out OF fed
raj politics. Cooperating with this
.ourt, In substituting other Issues for
his Involving the Degro's destinies,
eyeral proposed constitutional amend
nents are already presented IN
he two branches OF congress de-
isned to perpetllate the present
ranking system ana deepen the chasm
the old parties and the so-
allied anil-monopolists and Green
packers. Bayard's proposed amend
nent deems nothing money but coin,
md yet coin constitutes only frac-
ional part Of the country's currency.
Sobody wants 1t II federal paper may
be its equivalent, aud just here a dues.
ion will be presented 10 the people OF
every state absorbing popular Interest
10 an extent which @e cannot meas
nre. 1t will hardly be suboidi-
mated, after a biief period, 10 the
Morrison equation" ~ equal to
D. s.-au unknown quantity taken
from an unknown quantity leaves a
gtt1nts,n sugicH. In "doctoring" the
'ayen,,e evaiem he only knows that I