Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-11-19
positions on this question are worthy


Cease buying silver bullion and restore
the United States coinage system founded
with the mint in 1892, and only a5rogated IN
1872 That is, reopen the minis to equally
unrestricted coinage for gold and silver. AS
the best method, allow owners of gold and
silver to receive legal tender notes at coin
value, instead of coin at their option, the
notes to be redeemed in either coin at the
treasurys option, but the secretary to re-
deem in bullion, at not less than the coin
value thereof, on request of the notehoid-
ers moderate coinage to be prescribed, all
the remainder to be coined or not, at the
secretary's discretion. All gold and silver
bullion and coin resulting to be held dollar
for dollar as q metallic reserve for the notes
outstanding: all treasury notes OF the act OF
1890. and gold and silver certificates when
received, to be replaced by the proposed
new notes. secured as provided and redeem
able as prescribed The president OF the
United States to be required to proclaim our
adoption Of the European coinage ratio Tor
gold and silver, when continental Europe
sends silver to our minis, thereupon buying
UP our silver dollars, then outstanding at
premium of 3 cents each, and replacing
them with silver dollars containing 36O
grains of pure silver. By such PROVISION,
of our own statutes and without fnterna-
tional ENHANCEMENT we assure Europeans
against the flight of our silver dollars for
selves against such contraction OF our
current money whenever Europe reopens
her minis to silver.
AS to the likelihood of accomplishing
the results OF the measure Indicated
above il enacted entire Mr.. st. john
says: SIT would tend to unity the cffr:-
rency by providing a single automatic,
issue in coin of any capricious scheme
of specializing in notes. These notes
would be redeemable in coin out of our
coin reserves provided for them, being
at the face amount. A bi-metallic sin
gle standard dollar of the United States
would for the present be coined OF
either 3715 grains of pure silver, or
1922 grains of pure gold each
properly alleged. The silver dollar
would be reduced and replaced by a
dollar coin containing 800 grains OF
pure silver. Whenever the important
nations of continental Europe reopen
their minis to silver, the supplies Of
gold and silver available will always
determine our volume of money"
Many other fallacies advanced by
John Sherman and his financial satel-
lites are met and vanquished by Mr..
St. John in the course Of his very able
paper.
The lesson Of the late elections may
by some be read to mean the death of
the free coinage of silver. THE GA
zETTE does not believe in any such in
depreciation. The free silver" rem
edy, or some modification OF it, to re-
lieve the financial stringency OF the
people, must sooner or later be invoked.
Like Banquo's ghost, it will not down.
It is founded in reason, in justice, and
above all in the necessities of the toll
ers of the land. While it may stand
back awhile in Difference to tariff re-
form. the time is not far distant when,
like truth, the free coinage OF silver
viii prevail and take its place at the
head of the procession.