Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-14
A NOVEL PLAN.
How j. s. Works Would Increase the
Amount of Money in Circulation
to $50 Per Capita.
SELLER, TEX, June :, 1891.

| SELTzER, TEX, June z, 1881.
To the Gazette:
have read with pleasure the pros and
| cons in the financial discussion on
| Gibbs banking bill, Culberson's de
| felt bill, the sub-treasury bill. etc
| They have set the masses thinking and talk
| ing. Barney Gibbs told the truth when be
said there must be $50 per capita
| put in circulation to do the business
| Of this country. He was q friend to his
party when he said if the Democratic party
did not come squarely TO the front and re-
| ieve the people there would not De grease
| spot left of it. In spite of good crops and
economy the farmers see their farms being
sold for debt and being owned by the
Eastern loan companies. Another thing
we have learned when too late that the
value of money is based on its debt paving
qualities that whatever is full legal tender
Is the money of this country, that bank
notes are used as money only on account of
their convenience ever silver and gold with
the belief that the holder will not have to
send 1t to the government TO have 1t re-
deemed. What farmer to-day would take
national bank note at its face value, if he
knew he must send it to New York to have
it redeemed, Not one.
We want money issued by the only power
in the United States to make money. We
want money, whether gold, silver or paper,
lIdl Is d lull ltpdl ItutltE- no tAItbJiOIiS lUI
the custom house. When the money kings
commenced to rob the masses they COM
menced to wave the bloody shirt and yell,
Save the nations credit; our honor de-
mandS it, We must resume specie pay
ment." Horace Greedy said, "All right,
resume" To him it was q business trans
action. And didn't he get the laugh9 And
yet, after this nations money was burned
up, made into a debt (bonds) and after all
the nDnict; and ipStit1fiOn submitted m nv
the public IN order to resume specie pay
ment'' and after we had been feeling so
sorry for the people ourselves included,)
but so glad our nations credit was saved:
the Hon. Daniel CulberSon states that not
dollar was redeemed. All that was done
seems to have been to take it to the
custom houses in the United States.
it full legal tender and it is as good as we
want. II can not be better as long as our
government stands. That is the highest
standard known in the land. That is viz
tually conceded. Now how to get it in the
hands of the masses is the question. Bar
ney Gibbs says loan it on land. Culberson
says make deficit. The Farmers
Alliance says snb-treasury, but the
easy, quick way is not mentioned.
Let me suggest method. Abolish all pre-
lenses Of money issue except government
money, whether gold, silver or paper, and
let it be a full legal tender for all debts
public and private.
Average the meney in circulation to-day
per capita, then coin enough gold, silver
and paper to make $50 per capita, and re-
fund it directly to each per capita, just like
pensions or the Indians for the same OBJ
ject, to refund the money by law that
was taken from each individual by law
Won't the money be as good as the same
amount put in circulation by different
roundabout expensive methods, Has it not
been unjustly taken from the people by tax
alton and burned up! Won't that get it
into the hands of the masses2
Is it wrong or impracticable to refund to
the masses the unjust taxes? 1t may be
novel, but only because the masses have
seen it done for others and never got a
taste of the bounty. j. S. WORKS.