Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-12-22
THE OLD, OLD STORY.
a Greenbackor's way of Treating Serious
Questions.

=
Questions.
CLEBuRNe, TEX, Dec. Is, 1855.
TO the Editor OF the Gazette.
notice that in your Issue of the 18th
inst. you says "Texas is suffering from
dear money. Why can not the law-glvers
of the state provide remedyPn
In reply to this question it is only nee
essary to say that the states have dele
gated their power "to coin money! to
congress, have inhibited themselves
from making anything except "gold and
silver coins legal tender in the payment
of debts" Hence, no authority in our
government except congress has the
power Of supplying the people with
cheap money But our Democratic
and Republican congressman, so-called,
stub ornly refuse TO perform this high
trust aud power by the creation or COIN
ing OF paper money of uniform value
with our gold and silver coins, by con-
ferring upon it equal lega tender func.
tons Herewith; but instead thereof,
usurpiug power not delegated, create
banking corporations, and manufacture
for their use and benefit national bank
notes, q substitute for money unknown to
the constitution and unauthorized by 1t,
with power to loan them to the people a:
the highest rate OF interest or usury they
can possibly extort from them. This IS
the reason why the people of Texas, and
other states are suffering from dear
money" And you know 1t as we'll as
do.
But can the law-givers OF Texas pro-
vide q remedy Yes, TO some extent
they have the power if they would exer-
else It, The states specially reserved the
power of making "gold and silver coins a
| legal tender In the payment of debts"
Why should not the law-givers OF Texas
exercise this reserved right and power by
making the gold and silver coins of Mex
leo legal tender in the payment of debts
and taxes, as they certainly have the con-
stitutional right to doP Such measure
would 10 great extent relieve US Of the
curse of "dear money" by making 1t more
plentiful. And, besides, such measure
would secure to tue people Of Texas the
great bulk of the trade with Mexico.
| There's millions in it.
| But notice in another column OF THE
GAZETTE, of the same date, speaking Of
the constitution of the state of Texas,
which prohibits the creation Of state
banks, you very modestly suggest
"Would not change of the constitution
I
not the time come for Texas to change its
policy in reference to state banks of de-
post and discount? Would not money
be cheepened by such change of pol
icy?n
This suggestion let's the scat ont of the
meal tub" 1t is modest suggestion for
the Inauguration Of the old Democratic
"wild cat' system of banking which
robbed the people of billions in 1886, 1887
and 1888, and enriched few bank presi.
dents and directors who stole the "basis''
out of the vaults and left their worthless
notes in the hands of the merchants
farmers and laboung classes. Nc,
Mr.. Editor, there are too many men vet
living who remember all about this devil
ish system Of robbery to engage in it
again just yet. Can't you think of some.
thing else? Such, for inst nee, as John
Laws banking scheme, which bankrupted
France In the last century. Or, perhaps,
better still, a banking scheme might be
based on the possibility OF raising the
submerged continent of Atlantis, with all
the buried gold and silver In its noun.
tains and valleys? AS you seem to have
cheap money "on the brain" Just now,
mixed up with banks, banking, currencies,
ETC., make these suggestions to aid you
| III hhuihS u SUBSTITUTE ''utuT'
national binking system of robbery, which,
you know, must soon "go." Better be in
a hurry TO find some substitute, or the
lunatlc Greenbackers will take possession
] OF the government aud create a cheap
money of paper of equal tender and Of
uniform value with our gold and silver
coins in the payment of all taxes and
, debts, public andIprivate, to be issued di.
rect from the treasury, and not by OF
through banking corporations at high
rates OF interest and usury How would
this suit You as a substitute for oul
"uear' banking corporations2 And sup
pose these lunatic Greenbackers were &c
conclude TO create about 81 900, 900, 00C
OF good paper money, something
like our present greenbscks, ana provide
/ for loaning it to poor men in the purchase
OF homes, or fer lifting "iron cladn mort
D cages from their homes at about pei
, cent. Interest per annum and taking deeds
. to the lands so purchased, or relieved
from mortgage, to secure payment. How
! would this suit you as substitute fol
9 our present "dear money" system?
r The views Of THE GAZETTE will, 1T
doubt, be interesting on these suggestio
) IN the present emergency. BY all means
8 let us have them, RespecafullV.