Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-04-19

Texas as he Is III ~ a. i'h
lannon's ,sI1,I' William p e' jp'ss
n0ss = fearfuliy Ieft A''fs h
4 Happy A..
10 NC Editor Of thc xxi, KIN Is
From tho tonmes'S
4 u Is evident ,sss
divided in sentiment s,,s' X
banks and other io.pss
ana that while Que psS asiHl
redemption Of the g h.'. lsss K
gettingrid Of both co ygaq'
coupon clippers. i ~ psslslet
federol debt, unon 1ls Pm \
The national bauks ( "9lIA
TO the financial slss's.g iss 1
and contends thar ". 4
banks would prod uee ~ . ale
circulating medium ,eesa
ruinous 70 Commercial KY
lng Interests. AS the ..!
national banks is nnI, WY
o. ne amount Of bond ,u
it seems difficult 10 eso os q.
,nur7ementof a sun Il m's
face Of the bonds reon ps1
demp'ion can resut, S Il,
OF the amount Of mona Y q
except upon the hypotbess5.h Z
expended for the Icdero, I Y w
VIII be az once withdrs pa0l
tiop, and allowed to i, i NJ ll' I
u capitalists. But sioca .g,s
Of one parry 70 pay ,he i,
Of getting rid Of 6ondbol1a'g
other 10 maintain il * ~ KIDD "
and uniform paper cn,s y ~
That nothing less than
would satisfy both 81 ~.
would harmonize both sss,l
not the bonded debt Re
safe and uniform paper c' rsal'
injustice to anyone, BY tna
law permitting the holder \
to surrender them IA x.
Of the trensuw, "
in lieu thereof a surfende, s W
small bonds aggregatipp ~ /
the bond SURRENDERED; Ana 4 !
tenor excepting that they Il, M. b
interest? Under this nlss
that VIII have accrued uoon,s.
rendered will be paid "a sa N 4
the surrender certificate ns'S
as the small bonds are MI,
q emption. The small bas@ +
subject to the same regulstIo N. 1
mutllation and loss as Il, !
sreenbacks and like them IL M
tender. Would not thIssass II
for the ultimate Redemption \ i
faith OF the United States /
which by being called IL In NJ
would become a paper currl,ny
able into coin at the plcasura /
er which has always beep'cm.
most desirable ciIculalIrs 4
Would it not be sufilci ntIytss}
OF the holders OF large boDds \,
their redemption to induce,br&
OF the proposed exchange, M
the bond that now lies II DOM
would assume the cbaracterd, NJ
could be re-inytsted In Iut,,
securities, or business pursuIl,
1t would enable the Original u
for a time to draw interest On
from two sources, it would X
the public debt or the rate i q
These small currency bond, n
circulate IN foreign countrits II
it not be to the interest Of N n
holder of United States bond X
interest would be paid onik n
certificate, to seek inytstHaE
principal OF his bond ID i /
States? Would not this bd,t u
home in the shape of currsnS
requiring the exportof god@a4
lent for their ultimate redtnpnE
eign countries? Is it prOasl. \
increase 10 the volume Of tnM&
secured, would result IN its dysr
Or, what Is equivalent,an unuss
IN property or iDiurIously afsau
Some of the advantages y n
oated from the change sugs
hat by having no bonds o!slM8
nation than $500 a greater dsnl1
>e created for silver. It VA
'ullSnCy more neariy on Ia PAWN
md deprive the latter q The I'D
now exercises. 1t would glHiH
" currency equal 10 the coHB
Industrial demands OF the CA
would give vitality 10 dornm
md encourage investments,
'rovements and manufactures
ng a demand for labor, and IA
he rate of taxation by lnaa
mount of taxable property. 3 <
.lmost every citizen a fedenlh
t would give permanency toll
government, without trespasslg
overeignty of the states. I'M
.uce an era of prosperity iE
1ake the people contenled y
'erous. BY distributing ~
ebt generally among the ~
you'd forever do away with
losity manifested towards oc'