Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-11-19
STEWART ON SILVER.
He DENOuNCES THE LONG DOL
LAR IN PLAIN TERMS.
The Mining Congress in Session at Denver.
Observation-Disclosures Eng.
land Injuries Us Commercially.

DENVER, Col, Nov 1S.-The dedication
of the Colorado mining stock exchange
building on the opening of the First ma
tional mining congress was celebrated
here to-day. At 10 o'clock this morning
there was a street parade, in which miners
and all interested in mining stocks took
part.
At the dedication speeches We're de-
ivered by Chase Taylor, president of
the Mining exchange, Hon. Platt Rog-
ers, mayor of Denver, Hon. Charles
Abbey of Portland, Maine, Hon. H. A.
building. and B. Clark Wheeler of Aspen.
All of the speakers advocated free and I'M
limited coinage of silver. In the after
noon the mining congress was
opened at the Peoples theater with
Ex-Governor Tabor in the chair. Dele
gates We're present from thirty-three states
and territories. The greater part Of the
by Senator Stewart of Nevada,
who delivered long address
upon the silver question. He took the
ground that silver had been demo cited
through the influence of Wall street, and
nrged congress to adopt resolutions that
would compel the national house of repre-
sentatlves to pass law restoring silver toa
parity with gold Resolutions favoring the
coinage of the American product only. the
senator said, would not obtain twenty votes
in the assembly. Demonstration of silver
proceeded from men who struck down sill
perity of the nation. They said
gold was better than silver, but
where 100, 600 people used the latter, COM
paratively few used the former. To talk
about maintaining parity of the two
metals was absurd. l believe they
will rehabilitate silver and restore its
original parity. If it is to be credit
iS n
to pay upon. Silver is now discarded, gold
has repudiated it and they have
reduced the issue of commercial pa
per to the narrow limits of gold.
As a consequence farmers were growing
poorer and the history of bank failures
keep the banks in reserve funds
Why should there be hard times
with twenty years of peace? Why
should the times be worse than any other
times in the century, Want of money was
the cause, England had demonetized
gold in India and maintained it in
England. Secretary Sherman, after a visit
to England and conference with the gold
bugs, returned home and surreptitiously in
cOrporated in bill clause rejecting silver.
II this had been done to gold it would not
be worth twenty-five cents on the hundred
dollars If it could not be used for money
it would have no commercial value. But
silver was universally circulated. 1t
could not be destroyed but it
could be deprecated. There was
no surplus bullion in the world
previous to 1890. The entire product was
used Ofor commercial purposes. Great
Britain was constantly selling silver short.
The interest payments of that nation
was SS0.000.000 annually and was
derived from the sale of silver. When sill
YER went up last year England sold twice
as much as the requirements of the nation
demanded and they would do this
as long as silver remained COM
modify; Civilization has kept pace
with the growth of the mines and no
nation of the world has been able to keep
going after the exhaustion of her
mines. This nation has been
especially favored. but the greed
of misers has stopped the wheels
of progress. They increased the purchas-
my power of dollar He protested
was being robbed. Railroads We're bonded
to the extent of $1,000, 100000 which
was heavier by s157.00O,000 than eighteen
years ago. The farmers paid this assess
ment, the producer was taxed to the utmost
and the consumer was asked to pay 80 per
cent more than he should. The middleman
was growing rich and the producer was
growing poorer. Because they made long
dollar enough dollars could not be found to
pay debts. hence stagnation and hard times
were common. The want of money would
make every man coward. and there was
not a tramp in the city who would
not fight at the drop of hat
if you put $1,000 in mis- pocket"
Governor Routt then delivered an address
of welcome, in which he paid high COM
pliment to Senator Stewart. After speech
by Hon. c. 5. Thomas and the appoint
ment of committees the session adjourned
till tomorrow morning.