Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-14
r-.Orrleare of the amount of

Knowledge of the amount of
ssfdehs' ord the amount of paper issued
,.ts illr Ike opcn 10 the public through
falLd JI - and annual reports OF the
,se u 5'---,,ar-1ucrt. Congress could not
.r5sHl without causing at once a
far--7,- feeling Of alarm, and with
Ft77s =. -r.r- public confidence which is
:r5wa. o.. % ..ssritial to the success of any
stso,.-. -,stam. while popular pressure
role.3. roreut force in securing and
sud w IN an issue commensurate with
IF tie country.
be zee. ,oIirr of charging the volume
| Ias- . -, a14ug medium must and will
/ .t- - there is IL my mind do doubt
( $40 The method of getting the
te-sa .I-, circulation is u secondary
CT, Tor the policy being
~ ruF MONEY WILL COME.
10y .uowu good solid money,
A-'' add aud silver. fail to get into
52s7i ~. t..i.n congress and the people
...- I'D g,t it out. The great
I'd. ..- always Dccn 10 prevent per
't.- -r --e4....g and putting II IN circU-
81. tr.-, 10 the law and the wishes
-,l- -,I. We can safely rely on the
NJ The representatives OF the
p he safest and most effective
1-@ ~ p.rtajlg in circulation the gov
---r, --.e--
-. mere is in my Judgment. no pos
-rao. for oar disOruered financial
s..- ~ except through the free and I'M
800 -frac- If silver rs a beginning.
lie world IS insufficient 10
pr .... ...F standard nations of the
... q. circulating medium. This is
nat q
r.r own country included, en-
.r.su..are struggle over il, each
q r.. 81. il can OF this scarce
---... raa.. ia view of a panic which
49,. ... r.l.t ear past has been immi-
..ur " the scarcity of money.
.,s-.r--. money ledeemabie in gold and
.r..r..- more than there IS gold
... -.a world 10 redeem has been IS
ejaculation for years. Not au-
Gan up safely added 10 it. The
,-. r-rrue-lrc on the gold basis is
..r..r.r.g.m ming. that Il IS threat
....u.l. 10 rupuIe over. The vol
.... .-.u.y ~ ust Of course CORE
.-..-...a. .. 1899 m'tal III which 1t is
... .F.Gnrr is an overissue OF
r... such as 5 now threatened
.-...- . -A. scarcity Of gold becomes
.--r.rt We desire an Increased volume
.a..I-al' per capita of circulation.
o.. ....r g, j. bv enlars ing the metallic
.....r .r circulation. We can only
.-...-.ea a. ar argc the coin basis of our
--r,--.. ..r.u,Y The free and unlimited
..r this conclusion cannot
~ er-u.l We must have free silver
---.,. r.-.-- To Hou-rOn vCrtIblC, ire
t.-.-.... Bib. uaIor money. or remain as we
-.-... 3D.. about o. half Of sufficient
nir .u.ey. with property, labor,
-.-..r .. ."-- o. labor Uaderyaiued aud
a ..---. ana production stitied and
..-l.
i. OBJECTIONABLE fiat money, | am unalter-
.r...,....t as J believe She people of
as ,.. are We want more money,
v..a' -uyj money, and our people
r..... OTHER -r.t. With free coinage
.,s.....- U.ra- gold, 80 viii have a safe
h.. t.... lie pIp'r circu,dt ION needed IN
..s...r... .tru- dollar OF il rcdeer'able
g.....r..au u5 r.H holder IL gold and sill
r--a. - H"u free coinage Of silver on
% mt basis wi'h gold shall have re
-za1 -." stigma Of inferiol'ity |hiCh
ARES s.sar lu The same category with
ron. a...ar. cora ard ether commodities
.s-.f'H fua ogily fluctuations Of a gamb-
ag sr.na.a. I've market, then and not until
Ill.,. Will r. silver we have even now in
..-,..l have It's proper and normal III
.a.a g. q basis for paper circulation.
b. r.H-t OF his metal engCndereu by
s discrimination Of the government
.r-' -'- u 'ae natter OF coinage as COM
4ot wr. -olI. utterly destroys so far rs
re-.5 concerned Iha5 confidence so nee
H-ir, 90 -Ia agcceSsIUl operation Of any
.r..a policy orr $3lG. 55l, l53 of silver
rH.-"- .u circulation represent exactly
..r-l...r Gr silver dollars stored in tile
ar '.gir redemption. while $780,
/, N.I gold is stored in the treasury as
rimn ION fund OF S}46. O00,0O of
.tH backs and has proved ample for the
rn.-E As al redemption fund 81 in gold
% , given by gHI government the same
-g-r..a,R accorded three dollars and
~ ~...urf- oi silver. Silver when de-
g-a pa.ucd gold three cents in the
.a-aaE a-rE Of the ablest tinancierS IN
su.a-rs and Europe believe that if re-
.t. p. trna coinage and fun money power
NmoSt at once spring up 10
0r'-g'.-. parity with gold.
o" opponents OF free coinage declared
,.eu"u.s jig 1874 that $4,000, 900 of silver
is 81. uaaE his cOuutrT could absorb and
.l-a We nave now in circulation more
ta 8HrNal1ny % silver. and nobody
-1'- .L this addition 10 our circulation
IS alE-f -.- country from the most disas-
tr- ..- collapse i has ever expert
r,-- h-aiu the past week, Mr.. Henry
r"s. Distinguished Tinancier of New
.rrUhr letter describing the
t laCo- lays great stress on the
'e' o. luu Nuics issued monthly uEder
u- HE .-St congress Is Il potent
Bringing about aud maintaining
-.. .ualf-Ige in the ntOnry market,
aaulug the expectation OF gold.
IL ..- astuinair's and capitalists who
.''. -.G -I'er. denounced the advocates
-aEe as rcpu.iatorS, thieves and
- been able 10 shape the policy Of
E..amenl on this subject. as the
. are -till frying to DO with their |
Mg.'s and prophecies OF ruin which |
. thoroughly ana repeatedly re |
@ ..~ He'd b. the logic Of events |
experience. we can see how much |
81" uan. ra5.c the condition of this |
-.E "a.d have been than it is even |
90 re-prct Of its money circulation.
.yt- denies now that the dcmOne'iza- !
t.. silver .ijdcd 81 per cent 10 the value |
-s... u. bonds, OF fixed incomes and in |
'-, Of al credits, while decreasing
DEE Sane proportion the values OF ali real |
.ry"a- properly, OF labor ana the |
-.". IL lIbor, and that il added in the |
' 20 Inc burden Of ali debts, pub |
s-...'c which had 10 be paid in |
redS"d in value. and all debts |
u $50 paid England dCmonetiZcd !
' r'p. after the wars of Napoleon, |
E pubic debt was AT its height. |
aad France. after their great war
49,. vastly Increased public delt, de-
.' "G silver. The United States, after |
--... ".HI! war and when the vast pro-
oi our national, state, municipal |
.'"i'.UE debts were absolutely APP |
arl1ulljled silver. The capitalist |
. ..".rS The most powerful when the |
a-nf IS lie hardest pressed to meet |
e. r4out'i"S requiring vast eNpendi- |
. money and credit. In our country |
M.Ee absolutely dominant after our
-.E ,nry doubtless were in the others