Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-09-10

The cDnHummoNou OF Snch u
would ultiinn fely entail more misery up
on tie human race than all the wars
pestilcnccs aud fainiues that ever oc'
Cured In the history Of the world.
"rhe absolute and instantaneous &c
strtiction OF half the entire movaple
property of the world. including hases,
ships, railroads and other appliances, Tor
carrying on commerce, while II would pe
felt more sensibly at the moment, ,Wouil
not produce anything like the prolonged
distress and Disqualification OF society
that must inevitably result from the per
manent humiliation of one-half the
metallic money Of the world
Mr., President, this TESTIMONY. OF MT.
Carlisle needs no comment He de-
nounces the conspiracy. formed here
and in Europe" TO destroy by legislation
or otherwise from three-seventh5 TO one
half Of the metallic money of the world
as the greatest crime of this or any other
age. The same men, or their successors;
animated By the purpose which moved
fhe consrdrators In 1873 TO demonet,ze
silver are the consprators OF To-Day
seeking the repeal Of the Sherman bill,
and through that, the destruction OF
silver as money metal. Ihey are
doubtless amused TO hear gentlemen VINO
vote for the unconditional repeal OF the
Sherman bill, and thereby vote Against
the coinage Of another dollar OF silver,
claim 10 be bimetallists They know
that the power which destroyed silver IN
1878, and IL able TO sweep IL from the
statute book In 1898. can and will never
be overcome for the establishment of bl,
metallism by anything short Of financial
and political revolution.
Those who east such votes, honest and
conscientious as / admit them to be, Will
have the consolation III II be a consola-
tom OF knowing that they have done
all IN their power TO strike down silver
as money metal, 10 Danish bimetallism
from our system, and to establish gold as
our soc primary metallic money; for our
silver coin Is, by the bill passed by the
house and now before us, In legal effect
nude redeemable m gold.
make no apology, Mr.. President, for
reading here an extract from the very
able speech Of Hon. William II. Hatch
OF Missouri, recently made in the house
OF representatives, giving valuable in
panic, its origin, etc:
And II you desire TO know the present,
direct, and most potential cause of the
present panic and money famine. II can
be traced directly to the action and de
cared purposes of the bankers Of New
York city and other large money centers
OF the government. And shrewd. astute.
and able as they arrognntly claim to be.
their babblng and bullying declarations
furnish the most damaging testimony
against them
81 will read some extracts from great
New York paper, one which is at the
very head of New York iournalism-my
friend from New York (AIr Cumuings)
VIII not conlroyert that statement-l
paper that claims TO have the courage of
ltd own CONVICTIONS, paper Independent
n all things, consistent In but few
Qaughterl, though claiming to be in the
main llemocratie; | read, from the New
York sun of Friday, April ~. After re-
citing some Of the Incidents of the en-
joyahle conference between Secretary
Carlisle and the bankers. II says:
AS the secretary outlined the policy
OF the government, II was that nothing
would be done that In any way would
retard or check the determination of the
Cleveland administration concerning the
repeal Of the Sherman law The score
tary went over the currency laws of the
country and said that they were in bad
shape, and needed revision. He said the
revision should start with the Sherman
law. There Is a determination, also, TO
show TO the miners of silver the evil
Effects of the sherman law OH their for
tunes.
$ President Cleveland's advisers have
told him that the only way to induce
the Western and Southern senators and
congressman 10 consent to the repeal Of
the sherman law, is TO demonstrate to
their constituents that they are losing
money. every day that this law is In
operation. The missionary work IN that
direction has been started by number
Of the banks IN the solid communities OF
the Enst, They are daily refusing
credits to the South. Southwest and
law.
"'rhe Chicago bankers, it was said are
carrying out the same line Of policy.
Secretary Carlisle, In his talk with The
bank presidents, made his stand very
clear. Ii Is to be heroic treatment all
The way through on the Sherman law,
aud possibly by the next session of con-
gress the silver mine owners and the ad-
hcTents Of silver In the senate and house
WIZ pc ready to consent to repeal of
the law.
1.-THE blnl, presidents. replying to Sec.
rotary Carlisle. cordially informed him
that they would be ready at all times to
cooperate with him in the successful adj
ministration Of the financial policy Of the
government. Everybody shook hands,
2 q ,, there was harmony all round"
The New York Sun of SnuNav.
April 20 In It's financial column, says:
The conference yesterday between
Secretary Carlisle and number Of The
bankers of this city was Of great value
in THAT i resulted in definite under.
standing of the financial policy of the adj
mlnislraiion. as indicated in this column
last Tuesday. That policy Is to inter.
pose no obstacle to the natural opera
Tons aud logical results of tile sherman
law III word, the administration pro-
poses 70 allow. the people TO reap the
rewards of their own folly"
was my friend from New York CSIr
tulnnlngsl IN tho city Of Washington ON
the itrst day Of, May last?
Mr. Cummings-I was