Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-07-18
GRERNBACK PARTY.
A Call Issued for National Convention
Of the Greenback Party. @ +
Congressional District Conventions Called to
Elect Delegates to the Sectional COpven-
ton to Meet a: Cincinnati sept. r..


the National Greenback party on the
principles once advocated by Peter Coop
egAnd bs many of the wisest men and
ablest newspapers in both of the ole, par
ties.
l. Payment of public debts according
TO the original contract under which they
were issued, carrying on needed public
Improvements, encouraging an American
merchant marine, aiding the manufac-
ture of American cotton ana other raw
materials at home and their export
abroad, under the American flag, and
for such other purposes as would
strengthen the government, develop its
resources and promote the welfare of its
citizens through the issue of legal tender
notes, greenbacEs, until their volume be
at least $50 per capita of population
2. Limiting the debts of railroad, tele-
graph and ali other public corporations
to the amount actually and in good faith
paid by stock and bondholders for the
property such corporations represent and
restricting interest and dividends for
their use to fair return on such actual
investments.
3. All land to be owned by the gov
eTnment, by American citizens, or by
those who declare their intention to be-
come such, private land ownership linn
tied to occupation and use,. and corpo-
rate ownership TO a sufficient amount
only forth convenient operation of its
property.
4. Restoring true spirit of fraternity
and nationality among the whole Ameri-
can people through a currencythat would
make all alike loyal to the government
and in keeping its volume at such ana
amount as would always secure good
wages for labor, good prices for its
products, and uniform business pros
perlty.
EFFECT oF OLD PARTIES RULING THE
COUNTRY. :
According to Official statistics, the
American people have already paid over
four billion, five hundred million dollars
in interest, and TO reduce the principal
of an original debt which never reached
81 800 900 900, also according to official
figures issued by the government, it
would have required the proceeds of 81
0l5 1921 1887 bushels of corn, l, 75S ,943 ,216
bushels of wheat, IL 1898 1916 ,919 pounds
of cotton, 9 ,287 ,226 .I81 pounds of but
ter, or II $50, 038 ,Sl1 pounds of cheese
TO have paid off the whole national
debt at prevailing pieces for those ar
tieles between 1868 aEsa 1873 when its av-
erage amount was - 321 800 ,045s The
same authority shows that it would have
required the proceeds of 3 $40 1922, 1855
bushels of corn, 3, O38 ,252, 7I5 bushels off
wheat, II, 7S3 ,663, SIS pounds of cotton ), /
II 1888 ,539 ,734 pounds of butter, or 10, :
704 ,07G, 639 pounds of cheese at average
prevailing prices for these articles after
July, 1881, until the end of 1888, to have
-,.LI 49, i. <
which, then outstanding, was 81 ,772,
366 1857 or over FIVE hundred and thirty
million more bushels of corn, over two
hundred and seventy million more bushels
Of wheat, nearly FIVE billion more pounds
of cotton, 2 200, goo 900 more pounds of
butter, or nearly two billion more
pounds of cheese to have paid the debt
after its principal had been reduced
$3.50, 600 ZOO and over one thousand
million dollars in interest had !
been paid between those periods |
The same statistics also show that the |
annual loss to American farmers on those |
articles amounted to over four hundred |
and sixty nine million dollars during |
each year OF Mr.. Cleveland IS administra- |
ton compared with lowest average |
price during any eight years from 1855, |
six years before the war, until the sum- |
mer of 1884, when Hugh Mccullough, |
the English banker, took charge of, the |
treasury department. The English policy |
of contracting the currency adopted by |
Mr., Mccullough was steadily pursued
during all of Mr.. Cleveland s Admins
tration until near his denomination in
1888, when about sixty million dollars of
government money was loaned to ma
tional banks and over that amount of s1l-
yer certificates were issued. This slight
ntlatiOn of the currency gave; some in
crease to the price of labor and ptN1erty
and many hundred thousand votes t6SShe
Democratic ticket at the fall electio4
But the great contraction that has taken
place under both Mr.. Cleveland and Mr..
Harrison 5 administrations since that
election has put ali prices back TO near
or under lowest ever known INCUR his
tory. hz
The S1Qn, 600, 600 gold set aside by Nr.
Cleveland to redeem greenbacks, which
no one wants redeemed, still lies idle in
the treasury. The coinage of silver is
still kept at its minimum under the law
national bank notes are being steadily
retired greenbaclls and gold constantly
increase IN the treasury, while over forty
million dollars in coin have been shipped
out Of the country since Mr. Harrison
became president; yet no official voice
has been raised to warn the people OIL
these dangers, nor any official action
been taken to prevent their disastrous
results Is it strange, under such cir
cumstances, that the price of labor and |
property steadily declines and that all
business languishes? How long, oh?
how long will the American peo-
pie continue men and parties in
power who perpetrate or permit such |
wrong? Are the American people still so
devoted to dead issues that they will con-
tinue jumping from the Republican fry
ing pan into the Democratic fire and then
back again under the delusive plea for
free trade or protection, while farmers
have no money to buy the products of l.
factories and workshops and those en-
ployed in such establishments have no
money to buy farm products. How long
viii they permit themselves TO be robbed
by appeals to their sectional prejudice I
and keep alive sectional parties relving |
on solid North or solid South for their I
success, that the money power may use
~ ,a.,4.-