Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-05-29
OPTICAL.
Judge A. w. Terrell Is Accorded
Pleasant Reception by the CIii-
Gems Of Mckinney.
Ito Touches on the Duties Of Liquidation TO
Protect Vest Hights-Dots IRON Dn-
ferent sections OF the state.
rsnnrLL AT M'krsxrY

Special 70 the daAette,
MCKINNEY, Tx, May 2S.--Judge A
w. Terrell spoke here today to large
and appreciative audience. FOLLOWING u
synopsis Of his remarks;
Speaking Of the duty OF Legislation e
protect vested rights, he SAID ! lhlnh
/ understand how mans cupidlty has
been aided by class legislation untl
social order has been threatened, but the
man who thinks to destroy lndiViuual
wrath. either by law or violence, is q
dreamer and no friend OF his race. The
snme law which protects the farmer 10
hIs humble home, must be strong enough
10 make safe all the wealth OF the Wander
bits, or there Is no safety for any OF us.
Law Gould struck the keynote OF uni
yersaI safety when he said; al am All
American citizen" The true friend Of
Tho laborer is he who teaches him how to
so vote az to protect US all against future
leqalized robbery, aud at the same time
uphold property rights against violence.
But there Is one sort OF apparent wealth
which Il not rss lit is a shadow nc
,itious and fraudulent. / refer to the
watered stock Of public corporations
The courts have decided that one who
buys railroad stock must be held 10 mo-
tlce Of ITS character. Two thousand
millions OF dollars Of the railway stock
Of the United States represents imaginary
values, for which no dollar was ever paid,
created by a stroke OF the pen, and TO pay
interest on which In freight charges over
nity millions Of men must toll. l. II right
% collect tolls Of the people on the great
highways of commerce TO pay Interest on
that watcred stock?
On the lst day OF June, 1885, said IN
an address at the University OF Missouri,
',PuhliC sentiment once aroused TO intel
iigent action VIII never slumber, until
the great carrying corporations are
subjected 10 control which will
make them understand that a
chartered right 20 the exclusive use OF a
road implies some rights in the people for
whose convenience " was built, and will
squeeze the water out OF the stock 10
which human labor now pays tribute"
Again 90 the sth Of April last | said In
speech In the opera house at Austin
nSqueeze the water out Of their stocks
ana bondsi 10 permit tolls TO be col
lected on them longer Is to continue rob
berry, never DOUBTED but that In the
fuliness Of time the true Democracy OF
the land would wage war against this
great wrong, and as u Texan feel proud
tnat the FIRST signal gun against IL In the
American souate was fired by Texan
senator,
Only nlne DAYS and Senator Coke, IN
words of eloquence, denounced this grea'
wrong. lle demonstrated that this wa
tered stock, representing no hour OF
labor, no dollar OF value, nothing upon
earth EXCEPT the uni lushlDg fraud thu
created Il, imposes mortgag,
on the toiling millions OF our peopl,
greater than the national debt when a
It's highest figure. He denounced It a,
systematic robbery, and rising In the fol
dignity ofan American senator demanded
that tins government should protect th,
people Against the extortlon and oppros
sion which collects tolls on that moon
shine stock. Texas now locks to Wash
inglou az her other sons aud whisper
"next.n
However others may feel, thank Co
that Texas has at least one man In hig
place who dots not fear the cry Of den
Ngogue which ls Kissed at everyone VIII
upholds the rights OF the people agains
corporate power. We have one senate
who has measured the ground, and h
Gun already hear the baying OF the cor
porate pack which VIII hound him. Thei
bowling viii be In vain.
The day IS breaking. Our people ar
thinking upon economic questions q
never before. The genius Of rational re
form VIII with one hand uphold propert
rights whether great or small, aud will
the other viii check the ways OF lrgalize,
plumber and rebuke the pimps of corpor
ate power, who have impeded reform
Bank monopoly, patent monopoly, trans
portaton monopoly, land monopoly
gambling in futures, and plunderin
Freight charges to feed watered stocl
must each in lis turn feel the touch of rt
form by government designed for Tn
people and made by them but now d
rcoied aud controlled by corporations.
] have said that the man who, when II
trusted as an otllcer OF public corpori
tlon, speculates In Its securities shoul
he rewarded by law with stripe
jacket, and now ! go further an
say that no measure OF reforl
VIII afford iull relief 10 agrlcultul
unless gambling In the future values {
earth products shall be checked by Law
Now our crops are sold by speculatoi
among themselves before they al
planted, aud u price fixed for each mont
after they mature. Capital, with Its vat
concentrated power, can thus fix inhel
IDLY the price OF crop before IL
planted The laws Of supply and deman