Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-09-28
THE GAzETTE FORT WORTH TEXAS MONDAY SEPTEMBER IS

"'','Ni IN " pay lhem at time when
EVld lnd silver were both money.
Nor'-What about those with nxed i'm.
Mr.. R.-Their salaries, or pensions, or
ahhuitles, or other form OF income, hay.
ing been fixed when gold and silver were
ooth money If we now destroy half the
metal money out of which they could have
peen paid, We to that eNteni, or nearly
SO, increase the difficulty of paying them.
aud increase their value as compared with
inc other property Of the country, and,
rs IN the case Of the bondholders. violate
the contracts under which they were 10
be paid, for their benefit and 10 the
wrong and injury of those taxed or other.
wise obliged to pay them.
Cor.-ls there danger In the continued
coinage Of silver?
Mr.. R-The owners and controllers of
the national banks and their Interested
advocates and certain newspapers as
sumo that there Is. The New York
Herald OF the nh instant, in an editorial
quotes, with approval the statement OF
congressman Darwin X. James of New
York city, that unless the "silyer coinage
law is repealed at am carly date predict
an overwhelming financial disaster"
This same prediction was made on the
floor of the house of representatives by
another distinguished member from New
York City when the bill was
passed remonetzing silver and
providing for its coinage in
February, 1878, and 1t has been repeated
In most solemn manner AZ each session
OF congress, believe, since that time
What is to cause that great disasterg The
national bank advocates say it will be
caused by having two kinds OF dollars. A
gold dollar worth 100 cents, and silver
dollar worth eighty-lour cents. Aud why
have we this two kinds OF dollarsy Simply
because the secretaries of the treasury
refuse, aud have refused from 1878 until
now, TO obey the law and to treat silver
as money by paying 1t out as they do
gold in redemption OF its obligations,
and because of the
SELFISH AND INTERESTED PoflCY
of the national banks and bondholders, as
above mentioned, and because the bank,
refuse TO receive silver on account, aut
to treat il as money II the policy OF tn,
government and of the banks was re
versed and silver treated as gold now 4
I by them, and gold degraded by the sam,
means now employed to degrade silver
then silver would seem to be at as mucl
OF a premium over gold as gold nov
seems to be over silver. 10 will be re
membered that when silver was demone
tiZed in 1873 II was NJ Il premium of pei
! per cent over gold. II is also to be oh
served that silver coin IN the other com
mercial countries of the world, Will
( one-half grain less in the dollar than oul
I dollars contain, is at par with gold. Al
! the evils complained Of growing out o
/ the depreciation Of silver coin can b,
cured at once by the secretary of tn,
I treasury treating silver coin (dollarS) a.
money, and by the national banks reCeiv
! ing silver coin on account, and treating i
rs they do gold. And the country and al
its industries would be greatly benefited
by their adoption of this patriotic course
and Il would be the wiSeSt financial
policy.
! Cor.--Are there no other reasons urge,
to show the danger Of Il financial crash OF
account of silver coinagef
I Mr.. R--Yes. 4 principal ground o
their objection to silver coinage is that /
will drive gold out OF the country an,
into hiding places TO give place 20 the les
valuable money.
Cor.-Is there any danger OF that
Mr.. R.-None, ! think, whatever. Il
answer to that objection TO silver coinag
submit the following copy of tabl
furnished me by the Hon. lloratio {
Burhard, director of the mint, on tn
Goth Of June last. From this official STATE
ment from the treasury department
will he seen that on the LIST of January
1878, there was S2lS, 100000 gold coin i
the United States. Silver was IT
monetized and made n lcga
tender in February OF that year
The amount of gold coin, 1t will b
seen from this table, has steadily an
rapidly increased, and on the LIST OF Janu
arv, 1855, it viii be seen we have S5dS,
600, 600 gold coin, Our silver coin In
creased from G5,0O0,0oO in 1878 to s2Gi,
600 900 in 1883. 1t appears from thi
official table that we now have nearl
three times rs much gold coin as we hav'
of silver. There are other valuable lea
lures presented in this table that canno
comment on now, but which deserve t.
be studied.