Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-10-05

curse to the man that cannot pay it. For
aver that there is not enough money pei
capita in circulation in this country anc
that your sub-treasUry scheme VII afford
the remedy. You and your associates II
the third party labor under the delusior
that it is not the commercia. needs OF tn.
country which wculd regulate the amount
of circulation. but the population. In this
l do not agree with you; but assuming that
you are right, then you are advised by Off
cial reports that there is more money per
capita in circulation in the United States
to-day than ever before in its history.
As L have already written in q letter tc
the Fort Worth GAZETTE, people are apt tc
complain as YOU do in your reference te
| Goldman's wagon, that there is not enough
money in circulation because they haven't
as much as they want or need. .
You triumphantly assert that you prove
that there is not enough money in circula-
ton because you haven't the money to buy
Goldman's wagon, or because the tramp
has not the twenty-five cents to buy his
breakfast. Would the sub-treasury bill
help either of you! If you have the secur-
ity to borrow under that scheme, or under
the land law. Goldman will let you have the
wagon on credit. and as for the tramp. he
has neither the land nor the crop TO borrow,
under the Sub-treasury and land loan
schemes, and hence must go hungry unless
| ~ lie liC iolS VI I'LL oSSSui. -ti4t
this brings me 10 the assertion that We're
| the government to issue billions of dollars
neither you nor the tramp would have a
cent more than you now have unless you
earned it in some way.
The best test whether money is not suf-
f%iciently abundant is the movement of the
| crops. Have you heard OF a man who has
failed to receive pay for his corn, cotton,
potatoes or oats? Think of the enormous
amount of money the aggregate surplus
crops of this country amount to every year.
but especially this year. And yet they are
sold, and large quantities of them are af-
forwards bought by aliens with alien
money. How your patriotic heart must
throb with indignation at the thought!
Have you ever stopped to consider that
large quantities of our produce are bar
tered instead Of being solda The farmer
comes in with his crop to his home market
and disposeS of it to his merchant. The
merchant deductS from its value the farm
ers store account and pays him the surplus,
if any, in money. Less than 10 per cent. of
the commercial transactions of this country
are conducted with actual, tangible money.
The residue is in drafts, checks, notes and
other negotiable paper.
Whenever there is a scarcity of cir culat-
ing medium to transact the business OF the
country it ought to be increased, but not
till then.
olc Ol your HdllOnal llGu pldCtu INC JUS
mess CT the country at 81 1000, 900, U0O, and
then claimed that so per head should be
the amount of circulating medium. Our
reputation is about g.. 600, 600, and $50 per
head would be ~. 100, 600, 900. What con-
sistency!
Your idea is that if you can get the gov
ernment to issue unlimited amounts of
money the price of everything would go up.
When the money got INTO circulation, II 1t
ever did, this would to a certain extent be
true, but Of what advantage would it be to
Il farmer to get three times as much for his
crop if the price of everything else were
advanced three times? When the Confed-
crate and Federal governments issued I'm
limited amounts of paper money, gold and
silver disappeared, and the prices Of all of
the necessaries of life We're enormously in
creased, and this would be the inevitable
result Of your policy.
How would the laboring MAJ be benefited
by giving him s. instead of 81 per day for
his work if the price of his 81 hat was in
creased to s.! And similar questions may
be asked without number.
You conclude your letter by advising, me
! ito look upon a laborinc man as entitled to
a living in 4 human sort of i way" have
been a laboring man myself in 4 sense in
which YOU hare never been. l have workei
for others by the day, by the job and by the
month. | have herded and driven cattle; |
nave UfOktn VIII NURSES, L nave DullI
fences; | nave dug post-hOleS have hauled
lumber, etc. l have dug bitches and tanks,
and l have worked in other legitimate ways.
| nave lone all this kind of work in my ma
tive state since my graduation. | employed
and paid good wages to very many laboring
men between the years 1915 and 1885, who
worked upon the various farms and ranches
in which l was interested up to the time of
the failure of the firm in which | was part
ner, not one of whom has ever complained
of his pay or his treatment. And | venture
to say that my record as a friend OF the la
boring man will compare very favorahly
with your friendship to his interests, which
l am led to believe is of mushroom growth.
l would not have referred TO my personal
affairs, but for your ill-founded and lima
tured fling at me. The laboring mans in
tereSts in my hands as an official have re-
ceived the same care as have those OF other
classes, neither more nor less. l have never
pandered to them nor tried to deceive them.
l have not treated them as children who
needed guardians, but l have regarded them
as full grown men of sense who knew their
rights and dared defend them.
You charge Inc with assailing the farmers
of the country. l challenge YOU to pick out
4 single sentence or 4 solitary utterance OF
mine which my meanest enemy can log
ically construe into 4 reflection upon the
agriculturiSts. / have lost more money in
the past fifteen years in displaying my ig-
norance of farming upon my own farms
than many of your leaders have either made
or lost at farming during the same period.
| recognize fully the vast Importance of az
riculture to the entire world. which could
not exist without it, and | also realize the
necessity of relieving ii from all kinds of
restrictions with which unjust laws may
have hampered it. l admire the sturdy
yeomanry of the country, whose axes have
leveled the forests and whose plowS have
''tickled the virgin soil and made rich har-
vests laugh in the face of the rising'sun."
l admire those who have followed in the
footsteps of these pioneers and whose pa
tent industry has supplied our market
with the material for food and clothing, and
who constitute such a large proportion of
our rural population and of our best citizen
ship. Therefore. | could not assail them:
but l deem ii my duty to warn them of i'm
pending dangers, either from impracticable
schemes or from designing demagogues. |
deem it my duty to tell them that the dis
ruption of the Democratic party in the
South means a return to carpetbag misrule.
tyranny and corruption, your statements to
the contrary Notwithstanding.
Time will disclose to the farmers who
their true friends have been and are, and
they will not be found among men like you,
who in your letter to me, welcome deS-
potism." Indeed, if you had your way,
you would close mems mouths and punish
them for expressing an opinion Just as you
would punish me if l did not subscribe TO
your crude and impracticable experiments
experiments which. when tried, as his
tory GiScloseS. awe proved ruinous to their
projectors as well as to their victims.