The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-07-21

democrats will revolt and recoil at
such a proposition. A fatistic
system of this species would be an
ltealstic one to the money
Changers" They would hail i
With thanksgiving and jubilee"
but the poor who have borne the
grievance until they cannot bear the
harden any longer" will BE- more
securely held in the sitting grasp
of the money lord than they were
in December, 1891. Mr.. George
Reed, in his alpha of Money"
says that the issuance of paper
money sis an UNIV arrantable privi
lege only defensiLle in war or under
the dire necessity of self.detense
that knows no law" The reckless
destruction of the "greenbacks'
which the people were compelled to
accept, and the conse q 1ent harm of
contraction, made ii necessary to
mitigate an evil with an evil; hence
the present existence of $346, o0o,.
600 of legal tender notes, but not
the voluntary and chosen authority
of the democratic votes.
The Judge extenuatingly asserts
that "our government has treated
sil>e with marked consideration,
and denounces it as a "foolish
experiment. Is it so? What has
it done for silver of recent years but
invest it with the cold charities of
demonstration, while the minis
have been kept wide open to the un-
limited reception and coinage of gold
There could hardly have been a
more malignant discrimination
against the white metal. Just why
the civilized countries of the world
have progressed beyond silver"
the sedate aud learned Judge
neglects to cite. AT this point the
"belt seems to have slipped in the
machinery of his argument" The
''why" is explaina5le. Though it
has almost convulsed and palsied
the material and productive inter
ests of our county, the Judge does
not appear to discern the cause.
The contest for gold recommendation
has been concocted and waged by
and in the interest of individuals
and combinations. 1t has been and
is the fight of the creditor and
, Spectator against the debtor and
| producer. This is not an airy flight
l of the imagination. Financial facts
and monetary science confirm 1t.
There is no humane and logical
reason why silver should be made
an outcast. There is not an over.
9 production of it, because there s as
/ much gold in the world as there is
: silver; its use has b3en cotempo
| raneous with the use of gold; il
possesses all the essential monetary
9 virtues and attributes that reside il
, gold; if civilization has outgrowI
n one, necessarily it has outgrown the
e other. Then, by parity of reas
. oning, both metals deserve anc
should never meet an indentical fate
t or favor. When one is made tt
e suffer and the other mot, it is the
Y result of an upju and arbitrary
t discrimination. This is all that il
I the trouble with silver today.
8 The prices of labor and its pro
n ducts are in proportion to the actua
e or potential supply of money, nomi
nally speaking. All transaction
4 will be regulated by that supply
e regardless of whether they ar
e made on cash or credit basis. S.
e the judges ninety-fve per cent
e argument is of no avail. l concu
e with him that paper money is
d good thing, but insist that Their
n must be dollar in coin behin(
a every dollar in paper. And
d further, the democratic doctrine i
i that that coin must consist of gol'
+ and silver. This is good old JEFF
d fersonian democracy, about whicl
e Judge Clark has often declaime'
II with uncovered head, in words o
: lofty eloquence and undying allie
n glance; and conspicuously devotiona
g was he at Denton, December IL
u 1891.
e The democratic party went int
@ power in 1884 and 1892 on pla'