Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-09
THE SUB-TREASURi.
The Hon. George T. Murray of Spring
town, Tex, Speaks in Opposition
to the Theory.
Correspondence oftne Gazette.

| BEIAR, PARKER CoTNTY, Ten, July T.
! The Hon. George L. Murray made an ad-
| dress here to-day of about two hours and d
| half TO Il large audience in opposition to the
| sub-treasury plan. Mr.. Murray speaks
| with great eloquence, and illustrates ell Of
| his assertions SO that they can be under
| stood beyond the possibility of a doubt.
| His ability TO handle this question arouses
| an interest in the public to hear of him.
Mr.. Murray first painted the condition Of
| the country which caused the Declaration
of independence, Of which We assemble to-
| day in memory, but when he began his logi-
Cal objection to the Sub-treaSury on account
OF it being paternalistic, it was shown verys
clearly that the farmers, under such i law,
would be under greater SubjugatiOn to the
government than the whole American peO-
pie were TO England at that memorable
4th of July, 1116.
He said that the principal causes of our
financial troubles since the close of the rev.
dictionary war were: the lack of sufficient
| money in the channels of trade to do the
business of the county, and the absorbing
Ghis he defined as the tariff of the money
that is in the country by "a few individuals.
He reviewed the financial condition of the
country up 10 the present day; then showed
the Importance of the tariff question in the
following comparison: Suppose stock
raiser has 4 pasture with an unlimited num-
Der of cattle in 1t, and In which there is a
well, windmill, trough, etc. That will fur
nish sufficient water for all of the stock:
but leak springs in the trough and the
result is the windmill does not furnish
enough water for the stock on account of
the leakage Now which is the wisest, to put
up another windmill and make the supply
greater or stop the leak! Common sense
dictates that the leak should be stopped
first, then if the number Of cattle be in
creased and greater amount of water
needed, increase the supply. Now the peo-
pie must have money, like the cattle must
have water. The earth furnishes metals out
of which to make money, as it furnises wa
ter for the cattle. The material with
which to coin money is as free as the mate.
rial to make windnlills out of, and the gov
eminent has pledged itself to furnish suffi-
Gent money TO do the business
of the country, like the cowman agreed to
furnish sufficient water for his stock Now,
leak has been in the peoples financial
trough, known as protective tariff for
more than twenty years. Which is the
wisest, ill up the trough and let the leak
run, or stop the leak and then I'll up the :
troughl The judgment Of schoolboy
would answer this question for anyone.
adopted by the Farmers Alliance in 1889 at
ST. Louis, and then stated that he emphat-
ically opposed this scheme because il is,
l. Glass legislation.
2. Paternalistic.
3. 1mpracticable.
4. Unconstitutional.
With the many illustrations he made he
showed that the stockraising, mining and
manufacturing classes were not expected in
, this scheme to receive any of the vision ,
airy benefit
After it was made very clear that the
scheme was class legislation, he began his
forcible objection to its paternalism, and
showed tnat if the government could sell
cotton, wheat, corn, etc, for the farmers,
it could undeniably sell the coal for the
miners, the goods for the merchants, the
milk for the dairymen, the meat for the
butchers, the chickens and eggs for the
peddlers, the lumber for the lumbermen.
the cordwood for the wood-chopper, etc.
Under the head of impracticability he
quoted statistics, and showed that this SUBJ
treasury scheme would put but frac-
ton over SIS per capita in circulation yet
the very leaders of this theory are clam
moring for $50 per capita, and further that
all of the products to be warehoused would
depreciate in value and hence the price of
every article that is to be stored would go
down, because such allowance would have
to be made by the manager in yaluing the
crop.
Under his constitutional objection he
showed great ability in handling the consti-
tuition, proving beyond the question of
doubt that such theory under any bill
would De unconstitutional. He considered