Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-12-10

perfectly apparent thnt line OF uvliVh
in regard to our currency cannot be
settled upon, or persisted in, Without
considering the attitude of othef coun-
tries with whom we maintain Intercourse,
through commercial trade and travel.
An acknowledgment Of this fact Is found
In the act by virtue OF which our silver u
compulsorily coined. IL provides that
the president shall invite the governments
of the countries composing the Latin
union, SO called, and OF such other EURO
pean nations as be mag deem advisable,
10 Join the United States IN conference
to adopt a common ratio between gold
aud silver for the purpose of establishing
internationally the use of bi-metallic
money, securing hXity Of the relative
value between these metals.
This conference absolutely failed and Il
similar fate has awaited all subsequent
efforts In the same direction and sull we
continue our coinage Of silver at ratio
different from that of any other nation.
The most vital part of the silver coinage
act remains imperative and uneXccuted
and without an ally or friend. To give
iull effect 90 the desire of congress on
this subject / have made careful
and earnest endeavor since the
adjournment of last congress.
To this eud delegated gentleman well
instructed in fiscal science, TO proceed to
the financial centers OF Europe, aud in
conjunction with our ministers to En-
/ gland France, and Germany, to obtain q
! fun knowledge Of the attitude and intent
| Of these governments In respect OF the
establishment of such an international
ratio as would procure free coinage Of
! Goth metals at the mints of those cOnn-
/ tries, aud our own. BY my direction our
consul general ut Paris has given close
attention TO the proceedings Of the con
gress OF the Latin uuon, in order
TO indicate our interests in its oh
jects, aud To report its action,
IL may be said in brief, as u result of
these efforts, that the attitude of the
leading powers remains substantially I'M
changed since the monetary conference
OF 1881 nor Is IL 10 be questioned that tho
views OF these governments are IN each
instance supported by the weight of pub
lie opinion. The steps just taken have,
therefore. only more fully demonstrated
the useiessucss OF further attempt at
present to arrive at any agreement on the
subject wi h other nations, In the mean.
time we are accommodating silver coir
based upon our own peculiarities TO such
an extent and assuming so heavy bur
den to be provided for In our interna.
tlonal negotiations as will render
us an undesirable party TO any future
monetary conferences of the nations
IL is u significant fact that four Of the five
countries composing the Latin unior
mentioned in our coinage act, embar
rassed with their silver currency, have
just completed an agreement among them
selves that no more silver shall be coinet
by tlNlr respective governments, and tina
such as has been already coined ant
placed in circulation shall be redeemed il
gold by the country Of its coinage. Tn,
resort to this eXpedicnt by these coun
tries may well arrest the attention o
those who suppose that we can sue
coed without shock or injury in tn
attempt to circulate, on its merits, all Tn,
silver we may coin under the provision
of our silver coinage act
The condition in which our treasury ma,
be placed by 4 persistence in our presen
course is a matter OF concern to ever,
patriotic citizen who does not desire hi!
government to pay in silver such of IT,
obligations us should be PAID in gold
Nor should our condition be such as Il
ohlige us in a prudent management of GU
affairs to stop calling in the payment o
CORRESPONDING oDllSatiohs Wnlcn we nay
lhe rlShI now 10 ulscharGe' anu mus aFol'
lhe payment OF further interest thereon
ne so-called deotor class LOT whose peh
eht the continued compulsory coin
age OF SILVER is INSISTED upon are no
dlshonest because they are DEBTORS, ah'
they should not be suspected OF desir
! 10 Jeopsrdlze the hnanclal saiety OF TN
country III oruer that tney may canoe
thelr present uepts ny paying the same Il
| aepreclated SILVER dollars. NOR should
q nc lorSotteh 'hal III is not lhe rlch or IN
. lhoney-lehuer alone that must submit u
, such readlustment enforced 10y Tn
, government ana their debtors. the PIT
! lance OF the WIDOW ana the orphan an,
, the incomes OF helpless benehclarles OF al
, KINDS would be disastrously ruined
a Inc deposltors IN savings banks and othe
, institutions, winch hold In trust the say
p lngs OF the poor, when their little accu
: mutations are scaled down to meet tn
new order OF thlngS, would, IN their dis
: tress, painfully reaIlHe the deiusion oi tn
9 promise MADE TO them that plentilu
4 money would improve their condition
n We have on hand all the silver dollar
" necessary to supply the present needs c
+, the people ana TO satisfy those who, froT
= sentiment, wish to see them In crcul,
- ton, aud II their coinage is suspende
they can be readily obtained h
L all who desire them. If tn
: need OF more is at any tim
J. nDparent their coinage may he renewed