Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-09-28
pEAGAN ON SILVER.
a.o Ranks Favor MOno.Metalism
y" nd oppose the Further Coin.
age OF Silver.
II the People MS Opposed to the
=, c.,,taiists-Record of the Demo-
cratic Party.
u. moan .fImes pemocral.

90, orleans Times Democrat.
r,xi.. TEX, Aug. 81 Following
motions of the Times-Democmt |
ss,olay upon Hon. John II. Reagan,
w. .dncuished member of congress
.se Second Texas district, 20 ascer-
ps q g views upon the silver question.
~ ior the purpose Of learning from
uwhy he held these views that your
'nondent was directed TO interview
w. his home. Mr. Reagan cordially
s,ed TO comply with the Times.
rrat's request, when the following
.,,r.atlon cnsued'
n Economically Reagan, the Times
.rli would like To- have your views
.se question of silver coinage, which
A ~ attracting a good deal of attention,
"a IN likely TO come up Tor considers
N n the next congress.
n Z, Reagan-At present the banks, the
n .s6ldcrs and those having fixed in
n - are seeming to demand only the
.,,sason of the coinage OF silver dol
Fl I, hui their real purpose is to secure
4. demonetilation of silver, so that it
..n No longer constitute part of the
,,rep, money of the country.
XIV why should they want this.
NJ R.-Because it is TO their interest
seye money scarce and dear, and the
Ii o. interest high. This would In
,,,e the value of their money In its re-
'ion 10 the property and business of the
Boualry, and give them larger and to
I'm more profitable control of the prop
Il I'd and commerce of the country; while,
IN Inc contrary, IL is To the interest of the
ionic to have q liberal circulation of
a 6a.y and moderate rate of interest
I'm he banks have an additional and very
togerful motive for desiring to
4 ,w Silver demonetized and put
IN of circulation. If they eau ac-
Eouplsh this, aud can get con-
H., to redeem and cancel the 1916, 900,
IN Of outstanding legal tender (green-
|larA notes, this would leave the gold
Hon and national bank notes as the only
honey with which TO carry on the bust
ses Of the country, and would enable
Hem 10 control the volume of the cur
atncy money Of the county; and would
|kye them power, in their own interest OF
Die interest OF their friends, 10 control
9e prices OF the staple commodities OF
ID country, such as cotton, wheat, -four,
heats and the like, and to make prices
\ I'D or low as suited their interests.
n Cor.-But would they do thisg
n Mr. R.--The same spirit of selfshness
hhch now prompts them to wish TO take
Aheraud the legal tender notes out OF
Ejaculation TO benefit themselves and t.
|ihr great injury of the interests Of the
aeOple at large, would no doubt induce
Mem to contract or initiate the volume OF
{ be currency to suit and promote thcil
3m interest, And they showed on
MEMORABLE OCCASION,
IAhlch the American people should never
sprget, their readiness to control thu
Eolumc Of the currency to promote thell
httrest and to iniure the people at large
Bic Republican, party, in the interest o.
Eilt banks and Oondholdders, and of those
|iidng fixed incomes, provided by law fol
\ le decentralization of silver and for tn,
-tlkbg up and canceling Of the $500, 900,
n illegal tender notes then outstanding
'the treasury department had taken M
lind cancelled over S53,000,000 of these
Notes when the Democrats in
|smTess, aided by some Western
Republicans succeeding In February
|Ss, In arresting the taking up and can
Relation OF over S34G, 000,0 600 of theS(
&0'es, and in retaining them as part o.
&eYoumc OF our current money to ait
ne business of the country, instead o.
converting them into an intercst-bearins
bonded debt to still further Cypress ;
|tell'rldden people, And during th'
aAme session the Democrats and som'
|PStem Republicans provided by Law
Nv the coinage of not lest
Pan 100000 nor more thai
n 100000 OF silver dollars per month
9llch should be legal tender in all pay
fFnlS, public and private. Each OF thes'
easnres was passed by more than two
pros OF each house of congress over tn
EsD OF President Hayes. The nationa
n 1lks' IN order to intimidate and overaw'
HolgreSs and the president and proven
En- passage of these beneticent acts, con
NscIed the volume OF the currency ncarl.
a H'OOO, goo in about three weeks in orde
eMOarrass the business of the countr.
~ . secure a clamor against what the
"a lled Democratic tinkering with the cur
10y. Aud they would, it was believed
"A ue infamous purpose OF prevenun
~ Just and wise legislation in the In
49, Of the people, have produced
u4Hclal panic with all its baleful const
%nees, II the secretary of the treasury ha
" lnrown large sum of money on tn
INV York market to be put in circulation
IA we purchase of United States bonds
piVr mat we can no longer doubt tina
n rational banks will contract or en
R'ul he volume of the currency when
I'M, by doing so they can influence tn
.lOh OIL congress or make money 10
ourselves. While the S346, 200, 600 G
sa,tender notes, and the S2G4 ,000,O0
Il NlYer coin now in use, and the S563-
woo of gold coin now in use, eonst
~ so much OF the current money OF tn
yuutry, the national banks can work n
!! serious injury TO the public by an
a .Ols ihey may make 10 contract or eA
auu the currency.
Il SNNhS AND FOREIGN CAPITALISTS
a Wis 1t true that good deal OF on
IVA 1 capital Is owned by foreigners
~ Kit has been stated in the pull
4 PRINTS, and / suppose 1t to be tru'
- considerable portion OF the stoc
sne national banks Of the Eastern cite
ysled by English, Scotch and Gcrma