Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-12-26

eheapened by such change of polioys'i
must confess that, from the close
connecuon OF the two excerpts, "dear
money and CHEAP money" being the
principal objects Ia the O. Ii Of Thought,
1 uiu consider them parts Of but one
proposition, and In view of the general
seaIcn LOT a substitute for our "dear
money national banking system, think
hAo good grounds for thus considering
tnem, and OF regarding the latter as q
MODEST suggestion for the inauguration
On the old wild cat" system uf state
osnks OF Issue, Bot as yoa dlsclaim the
idea, l must give you the benefit OF a
uonot and leave liz to your readers
wnsther did not have some ground for
making that Dreadful "assaultn In my
"lunatio screed,n as YOU call It.
But, outside Of this, met your main
proposition and question fairly. | showed
substantially that the people OF Texas
We're suffering from adear money! ho.
cause our so-called Democratic aud Re-
publican congressman stubbornly refuse
70 execute the high and sacred trust dele.
gated to them by the states Of q adopt
your ianguage) "setting the government
printing fresses TO work In making about
ll,oOO,OO0,oO0 of dollars Of equal
tender with gold and silver coins
IN the payment OF al taxes aud
deos, public and private This
was the object and purpose OF the states
IN delegatlng power to congress
ITO coin money" Before the adop-
uon Of the constitution the states
had exercised the power Of making
cheap paper money as good as gold and
silver In their several Jurisdictions; but
no state could give legal-tender functions
to ats paper money that were valid In 9th.
er states. For this reason the paper
money OF each state was subject to de-
probation and discount In every other
state This caused serious emoarrass.
ment and loss In the trade and commerce
Netween the states, aud was great evil
To provide q remedy for this evil all the
states surrendered their power OF giving
leeal-tender functions to paper, and
delegated the power to con.
gress, In order that our congress.
men, beng thus invested with the
power of all the states, might be enabled
to make a cheap money OF paper and of
uniform value by being invested with uni
form legal tender attributes valid
throughout all the states. But our con.
gressmeB, usurping power not delegated,
have, without shadow OF constitutional
authority, created banking corporations
and likewise abusing, perverting and
prostituting the sacred trust connded to
them by the states and people
OF the states ITO coin money!" have
created the national bank note, sub.
stituto for money, unknown to
the constitution and unauth ,rIzed by
II, for the special use and benefit
OF these bastard corporations. with the
power and profit OF issue; aud, notwlth.
standing your defence and the laws you
exhibit for their control in respect to the
interes. they may take, II is matter of
fact that, through interest, discounts and
otherwise, they do extort from the pee
pie much more--indeed all they possibly
can This fact you know as well as do.
Now, Mr. Editor, 10 my original letter
of the 18th, | made substantially the
same points | now make You utterly
ignore them In your answer, or what You
call IL. am satisfied your many
readers Will think you could have EN-
ployed your talents and pen much tier
by honestly discussing these points than
by gong off In wild "ramDagen In a
weak Fl rt 20 rldicule climatic Green
hackers"
now renew my proposition, as a sub
stitute for our "dear money" national
banking system, viz, the creation by con-
gress Of about billion of dollars OF cheap
paper money OF equal tender with our
gold aud silver coins in the payment Of
all taxes and debts, public and private, TO
be loaned TO the people at
about per cent, per annum,
AID submit for answer the proposition.
Would II not be better, more humane and
Charitable to loan II TO poor men In the
purchase OF homes, than to create ma
lional bank notes and loan them TO
wealthy co poratlons at l per cent. with
power to re-loan tht m TO the dear peo-
Pile AT 10, 20 or 80 per cent, as under our
present "desr money" systrmi
congratulate the editor OF "rHR GA
zErTE that he has become half Green.
hacker. He announces that THE
GAZETTE has expressed its be-
lief that the best substitu
Tor the national bank notes
Is coin certificates which, with the green.
back or treasury notes, would give the
people a currency Of stability of uniform
value throughout the country" | Oh
Jet, however, TO the coin certificates, be.
cause they are not money, ard are very
lear substitute for money. Every dollar
ssued costs the people nearly hundred
cents in the purchase Of bullion, aud, De-
sides, congress has No CON
stitutlonal power to coin or Gre
ate anything but money, and
money, you know, must be Legal
sender for all taxes and debts, Even
gold aud silver IL not money uutll these
eg4l tender functions re conferred upon
them. As for the treasury notes, do
not like the name exactly. The constltu-
lion bpeaks only Of money. However, let
hem have the full functions al legal ten
ter; this will make them money no mat.
Ter what outlandish name you may call
hem. Respectfully,
b J CHAMBERS.
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