Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-24

not require much statesmanshipt to prog
nosticate the entire overthrow of our
labor system in this country and of our
entire inability to export dollar of cot
ton or wheat, as against the products of
the vast hordes of oriental lands and The
hundreds of millions of acres of rich cot
ton. and wheat lands now developing. So
also with manufactures of cheap cotton
and other goods heretofore exported
from America and Europe.
These results may not follow all at
once. but are the sure outgrowth of this
foolish and wicked work of our congress
and treasury department in their war
upon the silver products of this country
Some 700 900 900 or 500 900 600 of the
human race use silver currency and are
people capable of speedy education IN the
use of machinery and all the improved
modes of producing crops. we know Inc
imitativeness of the Chinese IN particular;
how long would it be before every yard OF
cotton cloth will be manufactured in
those countries near their own cotton
fields, as the result of their own labor
and local machinery, and the same thing
viii apply to all productions which re-
auire a rich soil, mild climate and hun
dreds of millions of cheap laborers. We
should demand at once the remOnetiza-
ton of silver and free coinage. This
will restore silver at once to par in Lon
don, and remove this 80 to 33 per cent of
stimulus upon Eastern products and give
some chance for an export demand for
our wheat and cotton and manufactures.
There is not the slightest reason to fear
that an undue proportion of silver will
come from abroad and take away our
gold. This is the staple argument of
those who oppose reconciliation of sill
yer, but there is really nothing of this
kind to be feared, and so soon. as Ameri-
ca sets this good example all countries
will speedily follow in her lead.
What [ am endeavOring to do is to
rouse attention to this condition of things.
L think that with due efforts the people of
this country will be thoroughly convinced
of the necessity of the reconciliation of
silver and its free coinage, and of the ia
tai effects of continuing any longer in
our present downward course.
/ know full well the arguments used to
prevent the reconciliation of silver. In
my opinion these arguments are all falla
cious and are based upon ignorance and
prejudice or upon mere theories which
practical business men know to be Woe
fully false. Some assert that gold
should be the only standard of value,
thus ignoring the fact that gold and sill
yer are GOd-given measures of value
alike in use since the beginning Of
the creation of man. These
strangely narrow minded per-
sons ignore the fact that if these theories
become fixed in the financial working of
civilized nations these nations lose there
by, one-half of their metallic basis for all
currency issues and for all commercial
transactions based on ''money of the
world In fact they lose one-half the
basis for all values which are based upon
convertibility into coin.
Let the United States take the initia-
tive in this matter of the reconciliation
of silver, and England, France, Ger
many and other countries will speedily
follow in her lead.
If it should be deemed best before
adopting such measures to try once more
the operation of conference committee,
let such committee meet this time in
America, and our part be composed of
practical business men and not of college
professors, lawyers and theorists of the
John Stuart Mills type as heretofore.
The movement in England in favor of
RECOMMENDATION of silver is gaining favor
rapidly. Manton Marble IS able article
in the New York World, in which refer
ence is made to the pamphlet of and
views of NJ. Cernuschi will have due
effect. Many other writers and inanciers
are having their attention drawn to the
vast Importance of this silver question,
the proper and speedy settlement CT
which would seem to be near at hand.
1t is perhaps too much to expect of the
president-elect a full adoption of these
views at present, but certainly the grave
Importance of the subject and the anxiety
of many of our citizens to have this sub
ject reviewed, should prompt Gen. Har-
rison to refer favorably in his inaugural
to the necessity of giving immediate at
tention to this silver question, and per-
haps the appointment of new commits
sion. Sincerely yours, BANKER.