Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-10-11


declared for free and unlimited coinage OF
| the silver of the world as freely as gold is
| now coined and upon the ratios now fixed.
| The Republican party stands opposed to
that, insisting that it cannot be safely done
until the great commercial nations shall
have fixed the ratio between gold and sill
yer. The Republican party stands there
| fore for dollar worth 100 cents, whether it
| be gold or silver or paper, and approves of
| the legislation of the last congress
which requires the government to buy
| $500 0O0 ounces of silver every month at its
market value. That is little more than
| the entire silver product of the United
| States, and for every dollars worth of sill
| yer thus purchased the government issues
! its treasury notes which shall be legal
tender for all debts. public and private,
| and redeemable in coin at the will of the
| holder. The treasury note thus issued has
| behind it a dollars worth of silver pur-
chased at its market value. The difference
| between the commercial value of the silver
| in the dollar and the coin value of the silver
dollar went under the silver legislation of
| 1878 to the treasury. The cost of the silver
| in the silver dollar averaged to the govern
ment Soc to Sic, the government putting its
stamp on it and making it legal tender for
10Oc, and the difference between what the
ovarnment paid for the silver and the face
vs-e of the silver dollar amounted in
y
the benefit of the %. 900, 900 Of people. Free
and unlimited coinage would give tnat
profit to the silver producers of the world.
You can buy today the 81 Il grains of pure
silver which constitutes the silver dollar
for 76c
Free and unlimited coinage would invite
the silver producers Of the world to bring
their 76 cents worth of silver to the minis
of the United States to be coined into sill
yer dollar, the government by its fear COM
pelling this people to take it for 100 cents.
The Republican party says that if there is
TO be any profit in this matter of money
making it should go to the government.
When we sell our labor or our crops we
want to get for them the money that is as
good as the thing we gave for that money
and we want the thing we get to be unvary-
ing in value and not only good to-day, but
good every day of every week of every
year, and good wherever trade goes. We
want no short dollars. There is 4 general
notion that if we had free and unlimited
coinage we would have more money. In
stead of having more we would have less,
for every dollar worth 100 cents would go
out of circulation at the appearance of a sill
yer dollar worth but as cents. A l00-cent
dollar will not keep company with 76-cent
dollar.
Governor Campbell said in one of his
speeches that had voted for free and I'M
limited coinage of silver. So did in 1877.
/ voted to reinstate the ancient silver dollar
TO its coinage. Silver had been stricken
from our coinage in 1873 by both political
parties. In 1878, being in favor of both gold
and silver as money to be kept at parity,
one with the other, l voted for the restora-
ton of the silver dollar. [Applausel. When
] did it we had 5000, 600 silver dollars is Cir
culation, and silver was more valuable than
it is to-day. We have 405, 100000 of silver
dollars to-day, and that is as much as we
can maintain at parity with gold with the
price of silver that prevails throughout the
world. Governor Campbell and l voted to-
gether once. ICheers and laughter. We
have voted together more than once.
Cheers and laughterl. In 1856 he voted
against free and unlimited coinage of silver.
He is for it now. Great cheeringl He
was right then, he is wrong now. He voted
in 1886 that unless the nations of the world,
by January, 1889, should by concurrent ac-
ton fix the ratio between gold and silver,
the whole silver coinage of the couu-
try should be suspended. He and
l voted together then. ELaughterl.
He was not willing then to 'chance
it," He is willing to chance it
now. Laughter and cheers have twice
Woodland 1 don't know but oftener-
against the free and unlimited coinage of
silver. l am opposed to free and unlimited
coinage now because it means that we
would be put upon silver basis and do
business with silver instead of gold, and
silver and paper, each the equal of the
other. l want TO tell the workmen and the
farmers here that it takes just as many
blows of the hammer, as many strokes of
the pick, as much digging, as much swing
ing and as much reaping to get short dol
lar as it does to get full dollar.
The other issue between the Democratic
and Republican platforms is the one relat-
ing to the tariff. Governor Campbell does
not like protection now. | remember when
in former congress Mr. Morrison brought
in bill which provided for only about 20
per cent reduction of the tariff, and asked
even the poor privilege of having it consid-
cred, and made a motion to that effect,
demanded the ayes and noes, and Governor
Campbell voted with me then. Laughter
and cheers.l Governor addressing Gov
ernor CampbelD, you were right then.
lCheers.l And, Governor, you did not
youa Great laughter and cheers 1 have
an interview of the governors, which 1
shall not use till have it passed to him and
inquire whether it is correct. Handing
Governor Campbell newspaper clipping
And now, my fellow-citizens, it isn't a ques'
ton of what Governor Campbell believes;
it is not question of what the governor
past; it is a question of the present and the
future; we fight living issues. [Great APP
plause. Governor Campbell has a right to
change his mind; it is poor man who
sacrifices right for consistency. APP
plause.
Governor Campbell here handed back to
Maj. Mckinley the newspaper clipping
the interview spoken of by him,
denying its accuracy. Maj Mckinley,
turning to the audience, said: My fellow
citizens, don't use the interview at all.
Governor Campbell has said to me it was
not in his interview and that is the end of
it. Fellow-citizens, there are only two
ways to test any great question of public
policy-one by reason and argument, the |
other by experience and history The |
governors platform commits himself to |
tariff for revenue only; that is, tariff |
upon foreign products levied with no 1
other object in view but revenue, unnaind-
full of every other consideration but !
revenue; not caring for the industries and |
of the people. A tariff that |
will produce the most revenue is the tariff |
which the revenue tariff policy maintains |
to-day. A revenue tariff will raise revenue |
for the government: protective tariff will |
do that. A revenue tariff will do nothing |
more; protective tariff, besides raising |
revenue, will also stimulate the industries |
of the people: encourage the skill and !
genius of American citizens, develop the |
resources for the government and secure to |
US as it has done in the past thirty years
the first rank in mining, agriculture and |
Tell me why the foreign |
producer should be permitted to enjoy this
market equally with American citizens;
why he should have the same privilege TO |