Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-13
A SUBSTITUTE
For the Gibbs BiIl-A Novel Plan for In
creasins the Circulation To 500
Per Capita.
sTEpHENvuLE. TN. July Is, ISL

STEPHENvIILE, TN. July Is, ISL
Editor Gazette
As substitute to the Gibbs bill We ofeI
the following.
/. Let congress order the issue Of II
! amount of treasury notes, or greeGIaras
sufficient, III connection with gold md ST.
yer, to make our circulation equd. 10 SyUleF
capita.
= To get this money among the people ct
the United States treasury appuripu i. 'l
the several states according 70 their pnpi
lation, taking from each state the bond "!
that state payable to United States Ill ia
amount to which the state is entitled, ,ea-'
ing interest at the rate of l per cent per a1-
nun.
3. Let each state treasurer llrUapport!Ja
among the several counties of the STATE. a.
cording to population, the DIVE proportion
going to each county, taking tie county
bond at > per cent interest payable 10 t-e
state.
4. Let the county court in earn county
then apportion the amount 20 whtrl 80
county is entitled among the srEera. pre-
cincts of the county according TO p5i---'
ton.
;. Let the county court Of each count!
lend this money for not less than n.y. a.s
more than ten years 10 lnCiyIoiN.7 liAL-s
the bond of the former payable 10 10
county at 3 per cent interest per a-HtH-
secured by q lien on real estate. lii'.--g
amounts loaned to any iHuiViaua. irA. 80
to $500 As these loans wer" 'r'.-," =
other loans be made and the am %
loaned to increase Is population --'ie-'s'''
MERITS OF THIS Plan 49,,
1. The base of security is better man ''-i'
of gold ami silver. because "'Ar eur
abideth forever" and increases % Fl-af- =
population increases.
= 1t would not require one Silt-' 49,
tional officer to put this pan III exec .-..'-
the present county officers could ''--. ''".
nay the state and present -l"sr 'A-
pay the United States ---.,..-i
3. The 3 per cent paid By The lnal'-'--
however, would enable Tie ceul' -!
the state . per cent and retain peer ''-
county revenue and rhe per ceA- 70. .'. ,
by the state would enable the STATE ]" ~,
tae United States the per Gel. @..s :
and retain per cent; thus 'At
state and county governments resp
receiving enough to pay expenses ''..t
irving perhaps a small 70 venue ''7. -.
4 This would obviate a.. banks. i--l9t'
lies and irresponsible midd-eI,-- --....
). AS population increases. 44iA -.
increase proportiOnately. ana NM r,r,5.
circulating medium would lHt-e,'ss - -
lation increaseS-eyerytnIn- "a
PAIR pdSSu- WHICH Is NOT tt4N -
and silver as the only base OF SECURE. .rs~,
6. This would distribute money IL s',''
neighborhoOd in the United .ota''7- oh
:. With such currency. n4Srd I'D
security, receivable for all dues. P-0- .,. "A
private, we would in great measure ~
OF those entangiing alliances VIZ. ,,-.-,ir,,
banks and powers, against winch W.
ton warned us. .fs= Cur.
In order to give fexibility 10 LIE --.' 1o.i.
rency. there could be no objection. w u. and
tive benefit to all people eXceP' d had %
corner makers, when the great cl - mes.
be moved for the government 20 - ~ rrags
ial additions of currency suihc-eh. ne. 'gi q
the crops, based on these crops EHt.-- TtI
convenient warehouses as secI-l-! ,a,z.ary,
would initiate when imitation was lSl' ,ste5-
and contract when contraction va al age.
sary. This f1exibility has been IL art 5p
sought for by patriotic statesmen
posed by shystering shylcckS .bs def
One hundred years from no" now. of W
and practice of basiug the nea91iiie and 81
ues on an uncertain supply O. soi'' b,l1riei
yer that can be cornered, exporter, NJ
held back and otherwise manlp uI1' -
be relic of barbarism. 1872
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