Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-18
MORE MONEY! MORE MONEY /!
We Need in the Transaction of Our BusnessThe Question
is, Where is 1t to Come From?
Development Of the Country Demands Currency Largely Excess of the Pres
ent Circulating Neutrality-suspicious. of Prominent Texans
t. W.
Senate Coke Capt H

a careful examination of the silver question
l think l may fairly assume that under free
coinage at least $25, 000, 600 would be yearly
added to our circulation, over and above the
amount provided for by act of July, $780,
which would greatly relieve the distresses
of the people in money matters.
THERE IS ANOTHER PLAN
which have heard suggested for increas-
ing the volume of currency by which almost
any given per capita circulation could be
reached. This plan is as follows: If the
government of the United States
continue its infamous pension leg,
islation, instead of taking $3.50, 000, 600
from the treasury, money raised by taxing
the people as viii be the case this year
land at the present ratio of increase will
be within two or three more years $780,
0O0,000), let the treasury pay off the pension
rolls by the issuance of new treasury notes,
and let the money now in the hands of the
people remain, by the reduction of taxation.
[ merely throw out these suggestions, not
having given the subject much thought.
What ought to be done, in my opinion, is
that congress should revise the tariff and
internal revenue laws, so as to reduce TO
the lowest minimum the amount of money
necessary for the support of an honest ad-
ministration of the government; repeal all
pension laws and provide for such per-
sons only as have been disabled by the war; ;
authorize the free coinage of gold and sill
yer. the issuance of gold and silver certifi-
Gates on the deposit of the metals and the
issuance of sufficient amount of treasury
notes, which, in connection with gold and
silver. will meet the demands of the trade
and business of the country.
l am opposed to the issuance of any new
bonds, or the refunding of the old whereby
the present national banking system or any
similar plan may be perpetuated, and an
Understanding debt fastened on the gov
eminent l am opposed to any plan whereby
the people are made dependent on banks of
loan and discount for money. Banks are
necessary for the convenient transaction of
the business and trade of the country and
we cannot well do without them. But, in
my Judgment, there should be no connection
between the government and the banks fur
Their than a general supervision by the for
mer over the latter for
THE PROTECTION OF THEIR PATRONS
These are, in my opinion, sound demo-
cratic doctrines, and the reforms indicated
are of as easy accomplishment as any of the
new schemes that are proposed, as substi-
tuteS. The Democracy of Texas needs no
reformation. Let those who would accom-
plish great reforms in the interest Of the
people go to the East, the North and the
West where the reins of power are held,
and by whose votes that system of robbery
known as the protective tariff was passed,
and there reform the people on these SUBJ
jects. Let them go to John Sherman
and his associates and their con-
stituents and show to them
that by the act of 1876
they demonetized silver; that by that act
they made payable in gold more than two
and half billions of interest bearing bonds
which were before redeemable in paper
Tell them that by this act, they increased
the purchasing power of gold and decreased
the value of farm products, whereby the
farmer who received 81. Is per bushel for his
wheat in the home market in 1873, received
go cents in 1889. So with every other farm
product. The great North and West are
splendid fields for missionary work for re-
formers, and feel assured that any move
in that direction of economy in the affairs
of government, reduction of taxation and
increase of the circulation that may be
started there will meet with hearty CO.
operation on the part of the Democracy of
Texas. Respectfully, 10 ABBOTT