Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-06
TO TEACH BARNETT.
AN DIRECTOR TO GIBBS SYS.
tenn HAS A SUBSTITUTE.
A National system of Finance of Gold. Sill
yer and Treasury Notes.-The Diff
cuIties to be Overcome.
Colorado Clipper.

We have no doubt of the pure Democracy
contained under the clothes Of Mr.. Gibbs.
We congratulate him on the merits of his
progressive Democracy. 1t is not of the
yellow dog kind, kind that only means
vote the ticket We furthermore congratu-
late him that, as Democrat and patriot
he is opposed to national banks, and that ne
has opinions and is not afraid to express
them. Being opposed TO national banks. as
now organized, being opposed to any and all
sub-treasury schemes, we are forced 10 OBJ
ject 10 Nj. Gibbs system. We VIII
tell him frankly, that we are very much il
favor of a national system OF finance Of
gold, silver and treasury notes. All we
ask the government 10 Go is to make this
money, suppiementing any deficiency that
may exist in the quantity of gold and silver
with a sutiCionCy of paper money to
transact the business of the country. This
amount can be approXimated very nearly.
Men figure on how much coal an engine
Will consume, how much water vii ttodt
ships and boats and q great many other
things if not parallel, that are so in mauy
respects. This money question has been 50
often glazed over with generalities, that
otherwise, very intelligent people admit
thai they can't understand it. il they wash
this glaze of and exercise the same common
sense they do in other matters, they will as
certain that the difficulties arei fewer than
they had supposed. This treasury note.
this paper money, this fat money must be
invested with all the debt paying capacity
of any other money, then not our word
for ii but its own history and its record as
SertS as ! fact that no man ever did or ever
viii see it at 4 discount You people who
get scared and take the hydrophobia and
jim Jams at the mention Of fiat money, reflect
one moment, and remember all the money
YOU ever saw and write down all the
mott dot
A dollar that is not fiat dollar is not a do
lar, simply fraud and a deluSion. This IS the
truth of history and none will dare deny it.
Congress has the right TO ''c0lu money and
regulate the value of foreign coins" The
supreme court, the highest tribunal known
to the laws of this country, has time and
again decided that congress can make
a treasury note, valid in all tram
actions and a legal tender in payment of
all debts. Then why 90 OF after land values
and warehouses; This is class legislation.
Institute money for the whole people. An
American currency, based upon the faith
of the whole people and backed by laws of
congress. With this money we can keep
our bonds at home and not suffer every
time some foreign bubble bursts BY Il deplc-
ton OF our specie as it Is now being
transported by the shipload. Don't get
scared unnecessarily about how we will pay
our foreign balances. With all of our pro-
ductive capacity and energies revived By
refreshing shower of greenbaclis, we can
supply the markets of the world and thus
keep the balance OF trade in our favor
This currency matter needs Americanizing.
and the sooner the better. America
should not be dictated TO by any
class of men, especially those holding for
eign money bags. We hold the gold silver
and other cOllattcrals, and if these antedi-
Iuvian ideas of gold and silver basis theories
are to dominate our finances, then make
them Pay round price for our gold and
silver and get low on their knees
to worship our golden calf For
ourselves We should study how to
get the largest price for the products of our
mines, but as a currency to do business
with, or basis for such currency, they are
eminent frauds. as all informed or partially
informed people know. Mr.. Editor you
will please mark copy and senu TO Bar
ney. the writer hoping that he. broad
gauge man, will AT least read be-
tween the lines and get some new idea that
will take him out of the common rut of
ages.
These few thoughts are the barest sug-
gestions, that if time permitted and space
did not forbid, could be ampliied. Yours
very truly, W. H