Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-12
WHAT 1T Is

| Sup-tfeaSlnylSm Is simply green BACK
ism run mad. That is the long and the
short of it. The original heresy was
bad enough. but the new form of it is
abominable. The Original greenbacs
| party, whose untimely fate all know.
based its policy on fat money. The
sub-treasuryite;; do the same thing.
The only difference between the two
| is that the latter propose d way which
| the former did not. of getting the
money promptly into circulation, that
is, by loans on farm products obtained
directly from the Federal treasury. To
the original folly of fiat money, which
is in itself wholly pernicious, there is
added by the financial tyros Of the Ma
cune school, the worst possible features
Of a wholesale and universal system Of
fiat money is so pregnant with disas-
trouS consequences to the business of
the country. what must it be when ac-
cOmpanied by the abominable pawn
shop addendum. which 10 accomplish
the greatest amount of good-or rather
bad of the worst sOrt-demands that
plunge themselves in debt to that re-
mOrseless creditor, the government. 10
the extent of so per cent OF their prod
ucts. Be it remembered that it
is the well-to-do farmer. and not
the poor struggling fellow who is
frequently compelled sorely against his
wishes to mortgage his growing crops.
that can thrust his neck into the awk-
ward and merciless sub-treasury woke.
Thousands upon thousands OF thrifty
and substantial farmers with unincum-
bered property would be lured by the
tlattering promise of cheap money
into the fatal policy of debt Their
customary caution and careful business
methods would be forgotten in the wild
and visionary dreams of wealth in
spired by cheap money. Nothing is
cheap that poor man does not act |
ually need. And of all the dear things
in this world the dearest. the most ex-
pensive and brain-racking for such an
is the mortgage. whether |
on land or crops.
Greenbackism, which the conservative
level-headed people everywhere re-
jected as false and misleading doe |
trine, did not, as the sub-treasurv !
abomination does, presuppose the
wholesale mourning of debt by class
OF farmers whose independence was ac-
quired by keeping out OF debt and
chattel mortgages. Had it
done so. its career would have ended in
the cradle. But twenty years OF tariff
and Republican spoliation
since Greenbackism went down, have
prepared the visionary and weak
minded for the worst absurdities and
most preposterous delusions.
The constant dosing OF McKinleyism
to which they have patiently submitted
AL these years has enabled them to
stomach political decoctions whose
'ileness would have nauseated them
years ago.
As rule, the leaders and apostles
ii this improved abomination are men
Who could not themselves obtain the
oan of dollar from the government
N the sub-treasury plan. We have
lozen or two of them in Texas who own
lelther farms nor crops, nor anything
Use. This is the class of men who are
'ntirely responsible for the sub-treas-
Try madness. They are wholly ire
ponsible, utterly unreliable and iguor-
mt III the commonest things.
Nothing extant bears upon its face
more legibly the imprint OF its pattern
~, than does the misbegotten. mis-
hapen and idiotic sub-treasury bant-
ing. 1t looks for all the world like