Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-09-18

enih plank IN the Hogg platform, Which
reads
III. We favor a graduated income
tax for federal purposes
This Is not in tho Lampasas platform
or any state platform Of the Democratic
party prior 20 its appearance In the
dogg platform, II Is not In the last
i platform Of the Democratic party, nor
Ia any other platform ever adopted by
the Democratic party 80 far as ! know
or believe, and venture TO add, never
| will be.
The Republican party had laws
passed IN that direction In 1902 1864
| hnd 1865 but they have long since gone
10 the waste basket But NJ am now
| ON remarkable coincidencosn / quote
tho Ocala platform, demand A, which
| reads; eve further demand just and
equitable system Of graduated tax on
| Incomes
The ST. Louis platform, confederatad
industrial organizations session, Feb
ruary 22-2i, 1899, demand G reads: "We
demand graduated Income tax
Omaha platform We demand a
graduated income taxi
The Il0gg platform, varying the ma
tlOnal platform In an important plank,
passes beyond that, and Incorporates ON
additional plank, applicable by Its
terms 10 Federal legislation only and
wholly unknown 10 the policy Of the
Democratic party. IL adopts planks in
full accord with the Peoples party and
other parties antagonistic to the Demo
cratic party
II rs NOT A DEMOCRATIC PLATFORM
In my Judgment, although containing
mod * 4 a. faIurlsa "a nNhnF
platforms do. Upon that platform Gov
crnor Hogg makes his race No man
can stand squarely ON that platform
and on tho national Democratic plat
form, / must reject one or the other.
! heartily agree with tho national Dem-
Ocratic platform In its issues ON which
the race will ba made-.-taria, silver and
opposition 10 the force bill. believe
II thoroughly sound thoroughly Demo
cratic, thoroughly just on all
these issues therefore abide by
the national Democratic platform and
It's standard bcarers, Cleveland and
Stevenson, and let the HOgg platform
ana nominees find support where they
may.
The silver plank in the national
Democratic platform Is, In my judg-
mont, one Of the best In H. It has the
merit Of good faith and common hon
csiy, aud Ia In exact accordance with
tho luitor, spirit and intent Of the con
stiiutiuu which establishes the double
standard, gold and silver, and grants
10 congress the power so coin money
regulate the value thereof, and Of for.
eigu coin, and fix the standard Ol
wpights and measures
The careful reader oi the conBtitu-
tlun Will note that tho power Ia r0-
sp0Ct Ia coin is 10 regulate the value
thereof the power as ~ weights and
measures Is 20 iiN the standard llav
ing granted 10 congress the power TO
coin money the constitution declares
that mo- state shall coin money, nor
make anything but gold and silver coin
u trnder In payment oil debts.
I'm discussing the bill for the remon-
citation NJ silver IN tho senate lanu-
AIRY Us, 1878 after quoting the pertinent
clauses OF the constitution, said:
bearing In mind that gold and silver
eum wuru both lull lawful money
among all people ut the adoption VI the
constitution the conclusion Is irruslst-
ihie that the grant OF power To CON
gress above quoted was u grant 10 coin,
first money out OF the money metals In
use among all peoples, 10 wit: gold and
silyeU iid second, 10 regulate the
value thereof relatively 10 each Othor.
80 that the unit OF the one should he
the exact equivalent Of tho unit Of the
othur. II will be oh
served that the power granted Is OK
press, ana is % coin money, regulate
the Value thoroot and OF foreign coin.
The only implied poWor flowing out "
this express power Is the power TO use
the means necessary TO coin, and tho
necessary inquiry and Judgment In reg
ulAtine the value.n
] believe construed the constitution
correctly, and iu Rs just sense. Tho
carefully stlccted words OF the cousti-
tuition direct congress 10 regulate the
value ~ Tho coin, clearly meaning no 30
regulate us the unit of the one shall DO
OF the same value as tho unit uf tho
other Bui q different word Ia used aa
20 the standard OF weights and mens-
ures. There the power is given tu fix
tho standard, and IL was fixed az an
carly duy IN the history Of the govern
mont and still remains as 1t was then
fixed.
Prctlcal common seuse people look
AZ things as tlay are. Tho conditions
now aud when the Orst coinage act was
PAh1ou ~ tA-s
ARR WHOLLY DIFFERENT.
Then all civili2ld nations woro on
the double standard; now an Europe Is
practically on tho single gold standard.
w addition 20 tho vast pile OF demono-
tit'd silver In Europe there lisa greater
annual output Of silver than OF gold ia
value tested by the present ratio, Doal-
ing vlth all tho world as We are, sell
ing the bulk OF our great agricultural
staples, cotton, beef, pork, wheat and
corn on foreign markets, which recog-
niae gold only as legal tender money,
We should call u halt and look at the
practical operation OF FREQ AMI ltnliln-
iNd coinage OF silver, Tuke our graat
staple, cotton We an know that Liver
pool quotations control tho market
here, and that tho,N gold only IS "a le.
gal tcnder for sums over forty shNlinqs
or ten dollars, The farmer soils
his cotton here ON Liverpool quota.
lions and go,s his pay In silver the
buyer ships thgt same cotton To Liver
pool and geta HIS pay IN gold, and sup,
peso that silver IN easa Of free aud un.
limited cpinaTe 81 silver halls In pur-
chasing power relatively to gold who
who geia the difference between the
value 81 the silver dollar that bought
the cotton, and the value OF the gold
dollar u sold f0ry Ii is vol for farm