Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-10-26
OUR FINANCIAL SYSTEM.
Upon the American People BY
the Republican Party.
Ia PLArA. Tex. Oet. 81. 1871

To the Editor Of the Gazette.
You Will please pardon ME for iutruuiag
a few lines upon the columns of your great
journal. but we look upon II as one of the
great sources of informations for tho
people III the great Panhandle country. aud
though in our isolated situation the news
is 4 week Old yet We relish il most royalty
let me assure YOU. for many reasons one Of
which Is based upon the declaration OF Solo
mon, AN honest and truthful man Is the
MODEST work Of Cod / would most re-
spectful!y ask for some information upon ..
paragraph cited in the columns of the
Weekly GAZETTE OF the 18th inst, which
reads as follows:
Col. Livingston OF Georgia president Of the
Farmers Alliance of that state and member OF
congress. 5 as reckless in dealing with figures
are the rest OF the calamity sLriekers In
a recent speech he made the startling
lion that III 1865 there was 4 total OF 81 .GlS-
S79,5.3 in circulation in the United States, or
F52 per capita. Al that time the population o;
the country was 35,10,G0n which could NOT
have allo Tcd s52 Tor each person, even II The
volume of circulation given by MIR. I.iving>-
ton were correct The report of the chief OF me
bureau OF statistics gives the amount OF paper
circulation in the United States in l-66 AT sos
0}l.0D Az that time, is well known. this
was the sole money of the country. there. being
DO gold or silver IN use The pro rata was nos
money now III the country is greater than it
ever has been. nut i is nothing like So. What
We need is moi much money as a great
dcaI more confidence and the repeal Of the alien
land law
l have quoted the statements of your
Journal aS well as those of Col. Livingston.
You will observe. and | must say without
further information. am inclined TO feel
proud of a Texas editorial staff that will
speak the truth and fill the full measure Of
Gods uObeSt work, as sized up by Old
Brother Solomon. Truly, truly. the spirit
of Solomon never. never dies. Now if the
only circulating medium in 1866 was paper,
Il
indorse your statement as being true to the
letter. what was the condition of the coun-
try relative to finance and prices of pro-
ducts from all our business industries?
In Kentucky, where / was born and
raised and lived at that date, hogs We're
10 cents per pound gross: cattle, 10 cents;
horses, any good work-horse, from $3.50 to
500: mules. $50 to 5000; wheat Sl50 to
s. per bushel; rye, 81; barley, $l.75;
lands from $50 to 800 per acre;
hemp, SIP per hundred pounds;
and everything else AT a similar
price. Now they have sustained a shrink
age of twO-thirds all around. Why is this,
if the circulating medium of to-day is
greater than in 1866 Then you could step
across the road and borrow money from
Your neighbor without ever giving your
note or paying him interest, glad to accom-
modate his neighbor. both travelling on the
same road tC heaven and riding upon the
top wave of genuine prosperity and not a
mortgage hardly in the country. Now
it is from to ) per cent per
month and considered cheap at that,
and all the products of labor, skill and
genius in the ditch and calling for foreign
capital to pull them out Again. if, as We
have scientific country embracing the whole
people is more prosperous when there is
neither gold nor silver in ejaculation, is IL
not truly Democratic for that party
TO see thai the people have that
class of currency which will give
the greatest prosperity 70 the masses of our
people, Then, as the Democratic maxims
are, the greatest good TO the greatest
number a government by the people and
for the people, equity and justice TO all,
free speech and free press. special priv
ieges TO none, but an honest economical
and efficient government, which will en-
force the above principles without fear or
favor. let pure Democracy beauty our
homes, drive the wolf from every door,
and bless our people with a prosperity
that ever the humblest citizen in
the land can both see and feel. IS this
genuine Democracy. according to modern
Interpretation, or merely the faith of the
fathers, and too much antiquated for our
day and generation
Again you say that what we need is
more confidence; we have money enough >
Then the logical conclusion to which we are
forced irresistibly IS that our present
lNdncidl SYSTEM IS nothing nut -
confidence game played upon the American
people by the Republican party, Wall street
and its minons, and can a true genuine
Democrat of the Thomas jefferson or An
drew Jackson stamp indorse any part of
it and retain his self-rcspect or cOnsis-
tencv rs Il Democrat Please excuse ne
from a Democracy which will not give
every citizen an equal chance in the
great battle of life.
Now gentlemen. submit the few sug-
gestions in spirit of Democratic, brother.y
love, anxious only to assist you, if possible,
in relieving our people OF the lamentaDle eff
fccts of the confidence game. Now, how
are we 10 keen these Capitalistis
institutions from at least occasionally weak
ening the confidence and bankrupting thou
sands of our people, and putting the masses
OF quarter rations, Can we truthfully say
as our Savior said upon Caly ary's summit
when the Jews were crucifying him: ''Oh,
father forgive them, they know not what
they do?'' J. r. DEAN.