Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-06
MONEY QUESTION.
Repeal the Tariff and Internal Revenues.
Reduce the Pension List.

EultOr GaIclle.
/ am much interested in the discussion of
the money question, which has been ap-
pearing lately in THE GAZETTE. As You
have asked for and obtained the views OF
various politicians and big guns throughout
the state, presume that plans and speciii-
cations from the forks of the creek arc
now in order. To benefit our people
think we must sell higher, buy cheaper, re-
duce taxes and increase the currency. To
accomplish these results propose that we
repeal the entire tariff and internal reve-
nues, reduce the pension list TO those WHO
were so disabled on the actual field of bat
tie as to prevent support by manual labor,
abolish the present system of national
banks. freely coin all gold and silver offered
at the minis and for any further medium
of exchange needed to bring the per capita
up TO say $40, let the government issue legal
tenders good for all debts. l would support
the federal government by direc tax laid
and collected from the several states
in proportion to their land values
exclusive of allimprovement Our farmers
need a larger market IN which to sell, rs
well rs q larger assortment from which to
buy. A repeal of the tariff will give us the
markets of the world in which TO do both.
1t would greatly cheaper many things we
have to buy. The internal revenue, as well
as the tariff, is an indirect, crooked and ex-
pensive method of supporting government.
While direct tax OF $500, 600 600 would UNI
doubtedly meet the needs of government
Justly administered, it is estimated to cost
US at least three times that much. For
every dollar put into the treasury the tariff
puts three or four into private pockets The
tariff is like an old wooden gutter, after
lying through the summers sun, by which
a man attempts to convey the fall rains to
the ciStern. Neary all the water LEAKS
away before reaching the ciStern. With
this difference, however. the gutter Swells
up and stops the leak after time, but the
tariff, never The national bank is said 10
be a more expensive method of
putting money to circulation than u
direct issue, If so, let us have the latter.
Gold and silver should be on an equal foot
ing. Either monetize both or neither. Then
for the balance Of currency to meet the bus
mess needs of the country, as l have said,
issue legal tender good for all debts. 10
get this money into circulation, as the tariff
and revenues are taken of issue to meet the
deficiency until the required volume is OBJ
then support the government by di-
rect tax as stated above. While | think the
volume of money insufficient, the real thing
which we need the most l conceive TO be
not more money, but more OF the things we
expect to get for the money. To gain this
we must increase the purchasing power Of
what we have to sell, our surplus products.
Ii Is true that if we initiate the currency the
price of wheat. for instance, would rise, but
SO would that OF sugar and coffee IS well.
To initiate currency would merely lessen its
own purchasing power and not raise that of
commodities To raise the purchasing
power of farm produce. VIC must increase
the demand for them BY enlarging our mar
ketS. Hence our farmers real need is free
trade. ALBERT PHILPoT.
S.. 10. Tex.