Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-05-31
every year in attending taxation and appro


! their business, and il IS equally absurd L
| deny that the condition which always fol
| lows an insufficient volume OF circCiat on
I exists to-day. We have but 10 cast our egcS
| over the country for the confirmation of
| this statement. True il is your towns and
/ cities are on boom, SO 10 speak, but your
| fields, farms and country homes are Coin.
| 10 decay. Your towns and cities double uE
| their population. but what means The exc
| dus from the country Palatial homes III
! Tor the gods 70 dwell in 70 up in YOUR elites,
| but the grand old country seats are falling
INTO rum. The money power tourishes 10
I day as it never ttourished before. while The
| farmers and all the toiliug people.
whether by
BRAIN or HAND,
! are staggering under loads OF debt. imposed
upon them 6y the tyranny OF tariff taxation,
and the unjust system ~ finance provided
BY the government. Why should this con-
ultIon exist There * no excuse for Il.
Congress has authority not only tn coin
money cold and silver, and sregu.ate Il.
value, bat 10 issue the promises OF Tie gov
eminent 70 pay money and iryeS' them
treasury notes. with all the functions ana
capacity of money. There l. therefore HC
want of authority 10 change the tinauciG
condition or policy which Is transferring the
earnings Of LABOR into the Golfers OF the
money power, without fair and honest con-
SideratiOu
The true reason why this stunted ana
starved volume Of circulation mas beer
maintained is that the money power Of Ne"
York and New England has dominated an,
controlled the financial policy Of ne gov
eminent
SINCE THE BEGINNING
Of the war between the states The Demo.
cratic party has never had 1he power IL
congress to break and overthrow TINS Gnau-
cia! deSpotism. The financial policy unUei
which the vast and varied business o. The
country Is conducted coHte'1nlatcs gold -
the only standard Of ~alUe. and rational
bunk notes as the only proper paper cur
rency The exceptions as 70 the silver H.
circulation n this time and god and silver
certificates, and the three hundred anc
fOrty-siX millions of legal lenders have beer
enforced by Tie Democratic PARTY since
1879. You must remember that the RepuO
licau party controlled the law making lie
partments CT the government absolutely
from the beginning of the war uufii 1870
when
THE PEOPLE REvoLrEp
against the financial policy OF that party
ami returned i majority Of Democrats te
the house Of representatives of the Forty.
fourth congress. When that congress Is.
sembled. silver he'd been GemOneti2eG. one
half the metal money OF the country haC
been destroyed. Cold had been eHthrOnet
As the true standard OF value. and that, TOO
when silver was NJ a premium of = per cent
over gold. provisions had been made by law
to cancel and burn up all The greenbackS
except 500, 100000 have not the time ta
refresh Your recollectons OF the effect
which this legislation produced upon the
agricultural interests and all othe" inter
eStS not the bcneficiarieS of this policy.
Bad as the condition of those interests are
to-day, it is better than in So. Remember
now. if You please, that since lS'3-when
FOR THE FIRST TIME
house-thaj party has never had the power
to enact law II never has mad except at
one time for Z few days only all the de-
partments of government which are re-
qUired to concur in the passage of laws,
and whatever changes have been engrafted
upon thc financial policy of the Republican
party since 1873, whatever laws have beer
passed since that time 10 promote the in
tcreSt of agriculture and LABOR generally
were originated by Democrats. and their
passage secured by the influence and power
of the Democratic party in tie house OF
representatives. Now, fellow-citizens,
when tile FOrty-fourth congress assembled,
the Democratic party in behalf of the pee
pie iuauguratcd the fiercest parliamentary
war ever wagcd upon
THE WASTE OF PCBLIC MONEY
and upon the financial policy of the govern
ment After long AMI desperate struggle,
eliminating in 1873, there was partial vic
the destruction of legal tenders, which was
proceeding under provision in the special
resumption act, and made them perpetual
volume of circulation by requiring their re-
issue. as they might be received into tha
treasury. We had remonetized silver yes
forced TO consent to its coinage only by the
government Upon its own account at the
rate OF not less than two nor more than
four million ounces per month or thirty-twa
millions of silver dollars annually. Thus il
will be seen that from 1873 to 1891, by the
force Of laws secured by the Democratic
party, there we're preserved to the veiume
of circulation 1916 900. O0G legal tenders and
$50 600, 600 of silver have been
ADDED 10 IT svERT YEAR
during that time, amounting to S4l6,U0,0Oe
or about. and to facilitate its circulation
silver certificates We're required TO bS
issued
During all the time mat the Democratic
party has had the majority in the house il
has struggled for the free coinage of silver,
even under circumstances that seemed "a
render the effort hopeless. The financial
policy of the Democratic party contemplate.
the free and unlimited coinage OF silver ana
paper currency convertible into coin On de.
lnand of the holders SO that our volume OF
may consist of gold and silver d
their Representatives (certiticates) auG
legal tender treasury notes convertible int
coin on demand.
THE DEMOCRATIC PARTY
has never enforced this policy except as
have shown, for the simple reason it nevel
has had the power in law-making depart
meutS of the government to do so. II the
party possessed control OF al
the law-making departments OF the govern
ment it would enforce that policy and in.
stead of stinted and starved volume Of
there would be provided a lib
eral, adequate volume of circulation with
which to conduct the vast business of thi.
great country How can this be donei
without limit This would insure the vol.
lme of circulation a yearly addition Of
nearly 500, 900 600, which, when the volume
If circulation had reached the proper limit
would be ample TO meet the requirements OF
he yearly increase of business and popu.
alton.
THE GOLD AND SILVER
low held BY the government or Of which il
nay be posse ssed when required should be
Ised as u basis for the redemption Of legal
ender notes, as far as may be necessary.
n order to obtain gold and silver sufficient
% constitute proper basis for the neces.
,ary issue of legal tenders, silver and gold
certificates, as they are received BY the
reasury might be Cancelled and legal
enders issued upon the gold and silver,
his would not De necessary. What amount
II money ought TO be provided by the gov
,rnment for circulation l do not know,
,or does any other man know, but as tho
representatives of the people in congress
llone have the power and no other agency
e