Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-09-09
CAUSE AND EFFECT.
These Found, an Intelligent Prescription
Can be Giyen-Let Kansas Do
Her Own Digging Out.

| Editor Gazette.
In trying to bring down Barney Gibbs
| persimmons on the money question we must
| take in cause and effect and then follow with
the prescription. This will more readily
bring US to an intelligent solution.
First, for some of the causes mot all)
which apply TO Texas. / will confne my
of labor. Let Kansas patriots do the dig
| ging out" for Kansas. The primary cause
was system of class legislation which fol-
| lowed the Declaration of Independence and
| built up under the cry of protection to our
| infant industries huge and grinding mo-
| nopolieS in the Eastern states at the ex-
pense of the farming and laboring people.
| Then followed paternalism, Capitalization,
war taxes, war tariff, non-reclprocity, a
| swamping pension list, an eXacting heavy
| tribute from the pockets of labor. Now
one of the effects following these we have
! that despot of centralized, power-Wall
street, which has for the past thirty years
| kept Uncle Sam trembling in his boots.
| This Wall street power is growing at a ire
mendous pace, as facilities are improved
! upon cay by day. Congressional enact
ments through the Democratic party can
never reach this power, which is no doubt
stronger than the government itself.
But to hasten on to a remedy to give
Texas sufficient volume Of sound money
for the development of her great and varied
resources.
Let US first suppose that all the gold and
silver in the universe was ground into pow
der and thrown into one of those iraccessi-
bic seas surrounding the North Pole. Still
the world would be just as rich. Why?
Because gold and silver OF themselves, ipsO
facto, have no value as compared with the
necessary and useful articles of life. But
for the primary use of iron, for instance, d
man could not walk from The GAZETTE
building TO Main street. Gold and silver
are merely valuable because of their adopt
ion as medium of exchange, and gold as
the standard. But our gold has drifted to
Europe or is being boarded up, and our peo-
pie are suffering for medium of exchange
to carry on business with, and if something
is not done we will through necessity have
TO go back again to the use of coonskins.
Texas must issue a declaration of free
dom from Wall street. With a circulating
she will become the paradise of the world,
and Fort Worth, sitting high on her hills,
the immaculate queen of cities.
Let Us have strong, well-managed state
bank Of you please, Wall street-but not
a gambling onc), managed for and by the
people and for the peoples interest, as is
the homestead law. The homestead law
has operated to keep money lenders out of
the state, but the state should issue cir
culating medium of her own. Now let this
state bank issue state grecnbacks Omitted
first TO $50 per capita) bottOmed on nom
perishable raw materials, such as cotton (in
the bale), pig iron, gold and silver bullion;
also q limited amount on land and real es-
tate, but not on such perishable articles as
wheat or cotton. nor on personal security.
Branch district, tre-proof warehouses can
be centrally located. The rate of interest
no higher than the profits of labor will JUS
tify. Wholesome legislation can furnish
all necessary restrictions and safeguards to
protect the state against any loss. 1t can
not be urged that this is class legislation.
Cotton certificates, bottomed on cotton in
storage, will be good money. All
Texas produces cotton. Even our
unplowed plains are known to produce fine
cotton. 1t cannot be asserted that this is
paternaliSm, because it is the duty of the
state to see that the people have sufficient
volume of good money.
Now, in conclusion, to make the remedy
complete we should offer special encourage
ment to manufactures of every kind, in
short. do everything we can to stop the
drainage of money from the state.
The Federal government already has too
much patronage We must look after what
little state sovereignty we have left. Now
it cannot be urged that the above plan is
undemocratic. Democracy is the rule of
the people, strictly translated. II the peo-
pie were to see proper to adopt the above
plan clearly it would be most unqualitiedly
Democratic But the world will always
produce its share of kickers. Governor
Gibbs can send me his check, care of The
GAZETTE. Yours. always for TEXAS.
Fort Worth, September S, 1891.