Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-22
THREE PER CENT DAYS.
WHAT THE ALIEN LAND LAW WILL
DRIVE US TO.
No More Building Up of Cities, No More
Factories. No More Railroads for
Texas Under the Present Law.


Editor Gazette;
FoRT WORTH, Ten, Aug. Elm his
speech at Dallas yesterday DR. Macune is
reported as having said: The bankers and
merchants in the cities have always stood
shoulder to shoulder with the farmer in
times of adversely or great disasters, and
have always been his best and tirmest
friend. All indications pointed that there
was to be great public calamity this wear,
and he knew the banker and the merchant
and the farmer. shoulder to shoulder at the
wheel, would be found eXerting every par
licle Of their strength to shield and pro-
tect the suffering"
He also, in the same speech, urged the
farmers to believe that lit was the mer-
chant and the lawyer who We're his friends,
ami Wall street that was the common,
enemy of all, and oppressed all alike
He recalled the time when Texas was on
the verge Of bankruptcy from drOutk, and
how the cities We're appealed 10, aet how
nobly they responded. Should th9Snecas-
sity arise. the cities would be found ready
still to help and defend the farmers from
any disastrous consequences.
1t IS refreshing To read these sentiments
from DIR. Alacune, the head Of the Alliance, d.
and supposed, more than any other onls
man in Texas to represent the farmers II
the state, after reading the bataG
and demagoEical epistle of I certain praH1F
neut statesman and lawyer in f9yfsf of
the alien land law, which had in extensive
circulation IN the press of the state Il few
days since; Il statesman, we viii re-
mark in passing, who, although he
life, has never been able TO get on the pop
uiar side early enough to get any office he
coveted. The trouble with the gentleman
has always been that he invariably over
does the demagogical part he thinks he
ought 10 play, and he gets too far over on
the other side of the fence. The process
sion moves on and lie is left.
That gentleman and his followers pre-
tend TO uphold the alien land law on the
ground that we will have repetition of the
evil that ireland suffers from, English land
lordism, if we do not put Il stop 10 foreign
GrS holding land i'll Texas, and that in order
TO do that we must also prevent them from
lending money on land mortgages. Money
lenders in no country are land owners.
1t is the last kind of property they want.
AL they want is security for their loans.
Texas needs and will need for half
century cheap money TO develop her vast
resources, and where is she to look for it,
Certainly not to Wall street, nor to
Europe We never did have any
began to lend II to us. ] for one do not
want to see q return TO the times OF per
cent a month, and it has only been q few
years since that was the prevailing rate of
interest in this state. Drive out cheap
foreign money and that will be the prevail
ing rate again.
If We're Republican presume [ could
consistently advocate the features Of the
alien land law preventing the loaniug Of
foreign money in this country, because it is
in line and full accord with the protective
tariff idea. II is a protection of American
capital against cheap foreign money.
There is not a money lender of the
3-per-cent-a-month class in Texas
but what rejOices ct the passage of the
alien land law, and looks with eager de-
light for return Of the good old 3-per-ceat-
a-mOnth days.
We need money in Texas 10 build our
cities, our factories. our railroads and 10
open new farms. \ cry comes up for il
from every industry and every business in
the state.
If the alien land law is not amended and
we are not permitted to borrow money on
our property where we can get the lowest
interest, then Texas has dark future be-
fore her Her cities Will stop building.
She will have no more factories. No more
railroads will be built, and the 3-per-cent-a-
month kings will be enthroned again.
commend to my farmer friends the quo
tation from DR.. Macune in the beginning of
this letter, and ask you in the hour OF our
need to come to our relief. 1t will cost YOU
nothing. You are not compelled by the
law TO borrow money on YOUR
land if you do not wish to.
As Dr. Macune says. ''Wall street is the
common enemy of all Of US, - and why
should our own legislature turn against US
and pass laws in favor of Wall street and
against our own citizens. Respectfully.
HYDE JENNINGS.