Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-05-24


going 10 be sacrificed
If the Democratic leaders who aspire to.
or now enjoy the emoluments and honors of
public Office don't do something besides
throwing n few silver dollars III circulation
TO relieve the people from the money trust,
they will DE left after the next congress adj
iourns.
The Democratic party viii have TO shoot
or give up the gun.
PARTY POSITION.
party has got to take the position that
there is enough money in circulation 10 do
the legitimate business of the country. or
IL must provide safe, simple and mex
pensive system to get it there speedily.
This issue has got To DE met squarelv,
and no breastworks can be made out of war
speeches, the color line or anything else.
| The party can carry other good issues along
with it, but Mr.. Cleveland and ali the
Democratic leaders put together can't get
| the party into another winning night with
this issue left behind unsettled in the
minds of the industrial classes. The ma
| tioUal banking system Is based on COM
modify that the average citizen even OF
wealth does not possess; then no matter
| how willing national banker may be TO do
so, he is not allowed 10 loan 4 farmer i dol
lar on either his products or his land. The
sub-treasury scheme will loan everybody
money on everything and take care OF and
! market il for him. We want simpler.
! more impartial and more elastic system.
with barriers against reputation or ue-
probation, without any losses or expenses
to be paid out of the general fund raised by
taxation.
While believe this bill avoids the errors
and evils of the old United States bank SyS-
TEN. and would be an Improvement on the
present system, yet | don't pretend that 1t
is solution, ana only submit II for discus
sion and comparison with the Sub-treaS-
ury scheme and the uatiOnal bank system.
These banks of circulation are wholly in
dependent. and Yet don't do business on
their own issue or with fiat money. They
can continue TO use the security held by the
government, and high rate of interest on
their part will start another bank next
door Under this bill no more money will
go in circulation unless there is a local de-
mand for it. When there Is u Strlngency
now, the secretary Of the treasury. whether
Democrat or Republican. PUSHES Oft TO
New York and loans favored banks few
millions that finds its way slowly and eX-
penSively. if at all, to the locality most IN
need.
Centralized finance is as unGemOcratic as
centralized government. Under this bill
each county Will have its own financial
center in its own limits. This Is in accord
with the Democratic idea of localized self
government Anything is democratic for
the purposes of discussion, but this. or Il
similar financial bill, would be democratic
from many standpoints. Our financial leg
islation has never looked beyond two or
three Eastern financial centers, and left
the most of this grand country to bend the
knee of Suppliants to those. and get along
the best they could. Under such a measure
as this. volume of money within a safe
and conservative limit, will be Self-adjusta
bic When there is Il demand for II to
move crops, or for other purposes, 1t Will
be called for, and when the necessity or
demand for it no longer exists. II will be
surrendered and reissued i'll other localities
having use for ii. Ii rids the country of
Wall street squeezers. Southern and
Western congressman of both parties are
always yielding to Eastern influences for
fear of endangering party success. and
Eastern congressman are always scared. or
pretend to be, of European threats. Aus
tralia has shown more financial and political
independence Of England than we
have Why should we, South and
West, go East, and on Eastern
terms for all our money or pres
idential nominations, or take Il man from
the West with AN Eastern string tied to
him. If those fellows could control it they
would make the sun set as well as rise i'll
the East. and have always believed that 1T
was one of the mistakes of the Lord that he
did not do it that way.
In discussing this question in Democratic
clubs we must remember four points that
ment reserved in the constitution monop-
oily of issuing all money; second, thereby it
assumed solemn constitutional obligation
to put enough in circulation to do the legiti-
mate business of the country as it grew;
third. it also assumed an obligation not to
issue so much as to depreciate its value as
a circulating medium: fourth every man,
Democrat and Republican, who voted for
the silver bill admitted that there was need
of more money to do the legitimate business
of the country, and if he is ready to stop
there must have thought that it needed but
devilish little more.
NARRows THE ISSUE.
This narrows the issue down to the ques-
ton how much more money is needed and
what is the safest and least expensive plan
for the government to put it in circulation.
We don't want business to stagnate, nor do
we want 10 90 back to coonskins for a me-
dunn of exchange. We want the govern
ment to comply with its constitutional obi
cations and enable US to do business among
ourselves without having to pay such a
high rate of interest for the facilities.
If we are going 10 let foreign nations die
| tate our financial policy we had just as well
| have held onto good King George.
We are not as great nation as the poll
| clans tell US we are. You are to be the tail
| to the European financial kite. When the
| balance of trade is against us we will pay
! Europe in gold, and when it is in our favor
| we will exact gold. The Republican party
| saws put the tariff so high as to make US i'll
| dependent of foreign nations. In the next
! breath it says, adjust YOUR finances on a
| European basis. They can't even get this
down the Kansas farmer any more, although
! sopped in bloody shirt gravy. The farmer
has left these questions TO the politicians
until his farm has gone under 10 per cent
foreign mortgage. and he has nothing left
except muscle and poverty. He has con-
| Guided to turn politician, and the country
| will be none the worse off for ii but think
his relief viii come quickest from a combi-
nation between the Southern and Western
Democracy. No politician ought TO stay in
| and grows fat dreaming over dead
issues that amt what the people pay him
for There are members of this club, who,
after few weeks study, and Il few dis
cussions, will know as much about politi-
cal question as any member of congress. This
country ought to have political students.
not only at the forks of the creeks,'' but
ali up and down the creek on both sides. \
man can follow plow all the week, and
study these questions on Sunday and then
do more of it and know more about it than
great many members of congress. do not
believe there is a precinct IN Texas with
100 voters in it that can't furnish good ma
terial for Democratic congressman, if he
will rub up and show himself, and this club
business will show them up. 1t will be bet
ter for him to wear socks, as il is extremely
fashionable to do So but he might not wear