The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1892-05-19

HOgg says he Will make Gne people vi
Texas, the widows and orphans dis
gorge these lands, but declare before
God the first recommendation L VIII
make if elected governor will be for
the legislature to validate these titles.
Immense applause).
RAILROADS AND THE SCHOOL FUND.
He then passed to the governors
attacks on railroads-his great crusade
against them, and then referred TO
his recommendation that the school
fund be loaned to the railroads. In
either one thing or the other the gov
ernor was wrong-incOnsistent. NO
investment is more insecure than that
in railroads, and should the sacred
school fund be imperiled by such an
investment? He dwelt upon the
dangers of such course. But what
shall we do with the school fund
growing up into the 500, 100000. His
solution was 'rloan the fund to the
people of Texas on land security
the best security in the world" Yet
FOR this he said he was charged with
attacking the homestead law. He
praised that law in unstinted terms
and referred to his speech on that sub
ject in the state senate two years ago.
He showed how money could be loan
ed to the small farmer, when under a
20 years loan at per cent it would be
much easier for them than topay lOper
cent ON vendors liens. He ridiculed
the governors idea that because the
banks are full of money the people are
prosperous. He declared the rule was
just to the contrary-the people were
poor now because the banks are full.
The aliens were the best friends the
farmer ever had, they brought the
interest rate down, but now we have
driven the aliens out and the banks
are running the interest up again. He
opposed the idea of the Jester amend
ment which takes one per cent year
from the permanent school fund
for the available fund. He claimed
that fund was sacred trust and we
had no right to touch it,
STOCKS AND BONDS.
There never was, he said, such rot
as this talk of wind and water in
stocks and bonds. There never has
been railroad in Texas that has paid
any dividend. You may as well talk
about burdensome freight rates be-
cause of this wind and water in stocks
and bonds, as that merchant with a
mortgage on his house charges for
that reason more for his goods. While
stocks and bonds have grown in late
years, the rate for frieghts has steadily
gone down. He referred to the Mis-
souri, Kansas and Texas railroad and
the East Line case when the bon DIS
were increased to $67 900 mile, and a
consolidation was made Of twelve
lines of railroads, and asked what
Hogg was doing then as governor.
He spoke of the governors
porations holding land in
Texas, and yet he (Hogg) claimed
credit for the guarantee companies
law, which compels those companies
to buy 5000 worth of land in Texas
and forbids them selling any of it
while a suit is pending against them.
Was there ever such inconsistency as
this?
THE COMMISSION.
He declared that the commission
was not an issue. 1t has been charged
that | will stab it because 1 am q re-
dent convert to it. This fight had
taught him what had defeated the
Confederacy; and that was because
jeff Davis, Alexander Stephens and
Robert e. Lee-men who had opposed |
secession to the last moment-were at
the head of the Confederacy after Sc
cession occurred. His address on this
point was magnificently eloquent. He
took back nothing, he said, of what
he had spoken against the commits
sion two years ago, but now the peo-
pie have spoken, and he like those
three great leaders, had bowed to
their will.
But someone else is now bowling.
He referred in this to the question of
elective commission. Hogg is bowling,
and we intend not to stop him until
he goes down on his knees, holds up
his hands and confesses the great peo-
pie of Texas are greater than he.
HIS KIND OF COMMISSION.
TO question whether he was of the |
same opinion now as two years ago, |
when he said that he favored COM
that was fact and not o |
fraud, he answered yes; he favored
a just, lawful, strong, bold and fearless
commission; one that would act strictly |
according to law, and when once
it had acted, would not turn tail and
run. He wanted a commission as
powerful, pure and honored as the SUI
preme court, standing on a pinnicle
of power.
GENERAL DEPRESSION.
He laughed at the idea that the
Barring Bros. failure had caused the
present financial depression in Texas.
The Barring Bros. in fact had never
failed. That affair was but as rip
pie compared with Black Friday; but |
then there was no such trouble here.
The truth il, then we had sound
business policy and great, broad
minded patriots at the helm of state.
This is crucial time in our history; if
we would preserve our institutions, |
save our state and people, and our
great Democratic party, we must have
nothing to do with demagogery or
narrow mindedness. We must "Turn
Texas Loose" (wildest applause con-
tinued for some time) not turn loose
the gamblers, the saloon men, the law
less; but turn loose the business enter