Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-07-02
THE SUB-TREASURY.
DISCUSSED PRO AND CON IN
LIMESTONE COUNTY.
Defended by Il. W. Coleman of South
ern Mercury and Alliance Fame.
THORNTON. LIMESTONE COUNTY,

IL-As A2IC icsi- J
| Correspondence o. the Gazette.
! This has been Z field day in Thornton
| There was a picnic in the spacious grounds
| of the academy, with political speaking
! from 10 O'Clock until night. The sub-treas-
my scheme was thoroughly discussed. pre-
! and con, before large and appreciativ1
| audience, and il these people are not wei
! indoctrinatcd upon the subject It is not for
! lack of teaching.
Il. ". Coleman OF Southern Mercury and
| Alliance fame opened the argument in g
| Two hours speech in favor OF the measure.
| He said that this was ar irrepressibe con-
| fiict between the people and corporate
| monopoly. That the expressions of the
money power had become so intolcrabie
| that the people III self-defense haG been
| compelled to league together in the organ
! ization known as the Farmers Alliance.
| That it might be objected that the Alliance
itself was monopoly, ami this was, in a
sense, true. But there were good monopo-
lies and bad monopolies. II we opposed all
monopolies we would nave to complain of
the God of heaven himself. as He was 4
monopoly of all power. Every one was
willing 10 acknowledge the evils existing
under the present state of affairs, and TO
concede that some remedy for the aggres-
ton is asked: What are you going to do
about it2 We answer we are going to do
them as we did the bagging trust-break
their necks.
He lizened the body polite TO a sick man
covered with ulcerouS sores. The good
physician, instead of trying TO heal the
sores by outward applications, would strike
at the root of the disease by the use of a
constitutional remedy and publication of
the patients blood, though at the same time
prescribing some cooling, palliative lotion.
This was what the Alliance proposed TO do.
They offer the sub-treasury as the constitu-
tonal cure, and some minor plans of relief
as the palliative.
He charged the civil war upon the money
barons of Wall street and of Europe. They
wanted an immense national debt con-
tracted, so as to afford a safe investment
for their idle millions. They desired con-
troll of the currency, so that they could
carry on their nefarious Juggling unmo-
Tested. They wanted the negro freed,
knowing that they could not control his
labor while he was in the hands of the
He then Went for tine two old parties in
most approved John L. Sullivan style.
They were both corrupt to the core and
maintained perfect understanding with
each other. Democrat and Republican,
they were tarred with the same stick and
worked in unison to delude the people
with false promises. No relief could be ex-
Il
ocrat; Il much better Democrat than those
partisans who wore the party collar So
We're all sub-treasury men.
He next went for the national banks.
Within the last thirty years congress Lad
turned over to private corporations every
function of government eXcent the right to
declare war Incidentally he paid his re-
spects TO Homes John Sherman, whom
he styled the arch traitor and the mean, st
man in America. He ha6 gone into politics
poor young lawyer, and had ut first posed
as tribune Of the people. He was now
worth ST,000,0O0. Probably this vast sum
had much TO do with his change of heart.
He then plunged into a rank nat money
harangue. There was no standard for
money except the Drawn of the laborer
Whenever government takes a piece of ma
terial, however intrinsica,ly worthless, and
stamps lis edict upon il, that instant il
loses its commodity value and becomes
money, with Just as much purchasing power
as if it had been coined out of the so-calied
precious metals. In fact, neither gold nor
silver had any intrinsic value. TheySwere,
per Sc, the most worthless of all sfietais.
and owed all their value to their .Srbitrary Z
designation by the common conseSt of ciyss
ilized nations as circulating msEums. De-
Ihonetize them, and with the steption ora
small sqaantitykof each ufh in the afts.
they would be a drug on taSmarket
sFDemocrats1a and Republican alike toM you
that government had nosfight to maM fiat
money. This was a 5Se, and they RDelEs
they lied when they SAID So Their oSfFF
object was to bamboozle the people aud
keep them in slavery. The Federal con-
stitution expressly confers upon congress
the right to make aud issue money. That
money need not be a promise to paw. IL
needed no metallic basis. The sanction of
government was basis enough.
Greenbacks mad saved the nation once,
and could do so again. Nor would it de
preciate unless juggled with by the money
sharks. The first issue of $50, 900, 900 never
went below 100 cents on the dollar in gold
Then came the Hazard circular from Eng
land, demanding the recall of the green
backs, and servile congress obeyed the
dictation of their masters, English capital
lists and English gold, and their allies of
Wall street.
But the barons wanted paper money
provided only they could get
the kind to suit them. So they devised the
damnable exceptional clause" by which
the United States refused its own paper for
duties. The soldier in the field was COM
PEELED to take this spurious and degraded
issue. Under such skillful manipulation
depreciation rapidly followed, just as the
sharks had foreseen and intended.
Later came the so-called ''act to
have been styled an act to plumber the
American people, providing for the pay
ment of the public debt in coin or its equiv
alent. Again, at the bidding of their own
ers, slavish congress had previously de- |
the coin by its Infamous legisla- |
ton, and the gamblers of Wall street had |
nearly ali of it in their foul clutches. To !
meet it's obligations the government of |
course had to buy from them at their own |
price. Thus, by series of ubiquitous leg |
lslation was Kept up the game of battledore |
and shuttlecock between coin and currency. |
So to-day the greatest people on the face |
Of the earth lie PROSTATE under the heel of |
corporate power, and a gigantic republic |
lies gaspinC in almost its death agony |
Something must be done; the Union must |
De preserved. But howl The Alliance Of |
fers a solution in the sub-treasury.
The people must have more money. Even
Coke. Mills and the rest of that ilk admit |
hat only Sc per capita is now in circula- |
ion. In the old states property has IN the |
asst fifteen years decreased in Talue from |
10 TO TO per cent, while the lands are COW
ered with mortgages. This is not true to !
such great extent in Texas, because |
Texas is comparatively new state
This plan is the outcome of the delibera-
ions of the aggregate wisdom of the ALI |
lnce in these United States. But as soon
IS it is promulgated to the world, what fol- |
owsl Wall street and its satellites begin |
'elentless war upon it. Every species of
is INDUCED in by hired
speakers and yenal press. Its supporters
ire siandered and maligned. For instance,
he speaker was born in Georgia. and
'aised in Mississippi He had never been