Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-09-14

| Agricultural aud Mechanical htsoOiu''Vl
! | used this language:
That the whole protective system OF inc
federal tariff, now cursing the lana, i
unjust and ubiquitous, cannot be doubted
by anyone who has thoroughly studied
| the question. II taxes ever INDUSTRY IL
the land TO build up manufacturing lords
| IL takes from a man the right TO go upon
an open market and buy his moneys
/ worth. OF the more thsn 5000 taxed arti.
Giles, the tax upon many IL laid so high as
to prohibit importation, and thus the en-.
tire tax, instead OF going into the federal
treasury, goes into the pockets OF the
lordly manufacturer.
1t makes the rich manufacturer richer,
aud the poor consumer poorer. IL is an
outrage upon the farmer as II is upon
every industry, thus unjustly taxed. 1t
ia a manifest violation OF the time .honored
doctrine of free republics. equal and
exact justice to all; exclusive privileges
to none.n THERE'S but one honest tariff
IA tariff fairly laid on imports, imposing
or them their Just share OF revenue
for the government honestly and econom-
icallY administered.
Nearly eleven years have passed by
since that speech was made, and all my
investigation into the questions since
that time but confirms me in the views
then expressed. have, since then, in the
senate and before the people expressed
In every form OF language the same views
with my reasons for that belief
Fellow-citizens, you have an honest
president. On this question he is with
the people. On the silver question he is
not in line with us, but practically that
makes but little difference, for neither he
nor any other president will or can have,
so long as the house is Democratic, the
opportunity OF interfering with the laws
in respect to silver now on the statute
book. voted in 1873, as did all your
delegation, for free silver coinage. The
bill was modified and amended as IL now
stands, and as long as we can hold the
laws as they are, we are doing very we'll.
The attempt OF last winter to suspend
silver coinage, and its utter failure, ought
to convince any man that the people are
determined that silver coinage shall not
cease.
could go on with other measures,
but think have shown that the Demo-
cratic party has done the very best 1t
could. That the people have confidence
In the party Is manifest by the fact that
the Republicans have controlled but one
since the elections Of 1874,
and after giving it trial, went back TO
Democracy, and they showed II by electing
q Democratic president in November 1884,
with ell the patronage and prestige of a
party TO overcome which had controlled
the laws and administration of them for
twenty-five years. Could any party under
like circumstances hava dOpo ha+ta,o
CAPITAL AND LABOR.
have endeavored to present fairly the
claims OF the Democratic party to the
continued confidence Of the people. 1t
was organized eighty-six years ago to
protect the rights OF the people. 1t has
never faltered in that high mission from
that day to this. have participated in
every campaign, beginning with the reor-
ganization Of the Democratic party. down
10 and including the campaign now In
progress. First, up to 1873, our contest
was exclusively with the Republicans.
second, with the Greenback party. That
contest was conducted when the country
was suffering under the greatest financial
pressure that had ever befallen us. and
many honest men fell into that party. NV
views then were the same | hold now.
and were fully expressed before the
people.
III the same speech from which have
quoted, october 2S, 1875, said: Law IL
down as immutable truth, that honesty
and good faith should subsist among
all men, governors and governed, rulers
and people, debtors and creditors. buvers
and sellers; that there is but one homes,
measure OF values in use among men
recognized from the dav
Abraham bought of Ephron the cave of
Macpeiah and paid him cash down. hard
money, current with the merchant; even
down TO this hour-and that ishard money
gold ana silver coin, and currency
convertible into coin on demand of the
holder. 'A''
Fortunately for the country the fiat
money idea passed away, the country got
back to stable currency based on The
precious metals, and convertible into
them, and we have moved along we'll
financially ever since.
In speech in the United States senate
Janua'y IA, last, on silver coinage pre.
Sented more fully the same idea. as fol- |
ows 80 -oi
Gold and silver furnish the only ade- |
luate securities against excessive issues
ana both are needed. The supply Of |
precious metals, like wheat or cotton. il |
1otalned by labor. Whenever by reason
d oversupply, should such thing occnr
.nelr production ceases to DE refnunera,
i've, then the labor devoted to mining
would be diverted to other pursuits untI11
N equilibrium between demand and snn.
ply is brought about; SO that no tbeso
metals can only be produced bv labor
.neir production is in large degree req,
llated by the universal law of trade. 10.
hanu and supply. Aud this Convertible
currency rests on sure foundation
SHOULD 1t happen that more currency 10
y circulation than is needed then the ers
,ess would be turned in and coin drawn
'ut, and this coin would be sent to those
PARTS OF the world having commoditjes
more needed by coin-holders than the
ON. AT last, therefore, gold and silver
money, which is the money of the world
y II certainly is Of our constitution f,nds
" level as surely as water.
Whether thatcurrency should be issued
trough the instrumentality of banks or
y the government is a question not
leeessarily involved in this dIscuss,on