Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-08-27

lAuo1. II .onr nrtsenf , .nsssa-'nN VII
,,.Aiei ~ 81. 400, OOn.Ono and cnr mutation
per snnam A. r sss ratio q pe5 ecos
tnsIeesea circulation each wear To- Keen
KS Se WI, Mlm the Increase o. pollstion. but ~
hv Nh, et population g accompanied
v.,.n SUI greater ratio Of increase Of
MeHth and business Il WIS thcurht that
a ilninsliate increase OF circulation might
hnllSon ai y, ny larrer purchases o. silver
s sns,on 70 an amount susiclent 10 max.
fe.e anc feluircineut OF bank notes and
ks sp pace Win The growth Of population
tinnai ca.. snat sytNY,vpo year or oddl-
ha n, amount Is provided for IN this bilt
~. Ky issue OF treasury notes In exchange
A0s bullion at the market price.
ms amount by the fan in the price
~ nutioh silver has been largely reduced.
Snlu We wipe II out entirely lle iu-
nsled that tho sherman law gave to
me people more money than tho Bland
IlW' and upon that ground It's passage
was defended before the pconle. Could
nave been passed bad It given less
man the Hand law2 Who would haze
dared TO defend Il II II had provided
for no money at alp
What provision shall be made for the
fu'nrey Upon that question onr onpo-
nents are silent The hill which they
have proposed leaves us with no IN.
creased currency provided for Some OF
me advocates Of gold standard. IN the
defense Of their theory, End il necos.
sary TO dispute every wcli.estabiislc1
principle Of finance.
We are told that rs civilization In.
ctoases credit takes the place OF money
,hu thet me volume Of real money can
be-, diminished without danrcr. II Won
VIII pardon me. am reminded Of Tho
man who conceived tho idea thnt fsh
could be made to live without water.
4 Is the. story goes, he put a herring, fresh
from ihe sea in a jar Of salt water by
| femoNing uCte every morning and add
| ing ralnwetcr he gradually accustomed
/ II TO fresh water. Then BY gradually
| ren'n-'rr the fresh water he accustomed
| v 70 az and finally kent Il IN d cage
like bird. One day n his ahscnc6. his
servant Placed cup Of water IN the
cage IN order that tho FISH MIGHT mos.
ten It's food; hut alnsl when the
master came home be found thai the iish
had ihoughilessly nut It's head into The
water and drowned
From the arguments Of some Of our
opponents we might be led 10 the CON
cmsion that the time would come when
money would not only be Unnecessary, but
really dangerous.
REAL OR CREDIT MONEY!
The real question. Mr. Speaker. Is
whether we shall Increase our supply Of
| primary money, ~ we do when We In
crclsc our gold and silver or whether we
shall increase our promises 10 pay real
money, as we DO when We Increase ma
uonal bank notes.
Mr. Blenda WIN the gentleman permit
n suggestion?
Mr. Brynn-Yes, sir
Mr. Bland The Treasury noes Issued
under the law for the purchase " the
silver hnllion are leral tender for an
debts, public and private. mud not lil,e
bank notes. mere credit money.
Mr. Bryan-I understand that, | say
they are primary money. altbourh II Ii
we've construed 10 mean thai they wore
merely PROMISE 10 nav gold. bsn tbry
wnnd be simply credit money TO thnt "a
tent
Mr. Blnnd-'The distinction | wish ia
draw l. this. TINT those treasury notes
issued In purchase OF silver b1lllon are
legal tender, while a bank note n not.
Mir Rrvtn-And the distinction h a
vary trs, sgn anu ''e "'su''N'" ~
NytNN Jus. cue.
,s I.taI ~ XXI h,srs ~ ,,,u,I 81 e,yn -
unsubstnntial our svstcm. IN we presopt
hank note for pnymrnt we roceive 4
greenlmck: II we present n grcenback for
payment, the treasurer hns a right 90 pay
In silver dollars. ana now our opponent,
want II understood that silver dollar /,
only promise 10 nay a gold dollar. j,
TINT sound muneyY
No. Mr.. Speaker; II metallic money &.
sound money then we who insist upon Z
l,ase broad enough 10 sunnort n etirrenc,
| ftFtHeIlNhlr m CON on NtNlluNt are INT
real friends Of sound money. and thosl
rrr 'dancerous fintisf,'' who yould mn K,
| ma ,nctnliic hosc 81 tt,Frn,v ~ Ia con
" hio' I'm. a','s ~ ~. ~ IA ~ VI. i
Ici tlr kYNer lls w. 10 1p''nuyn y W lu'
| N'HeFNhuvh ~ us peoll'' II ~ me cur.
rency Is huilt upon the small basis OF
gold those who hold the gold will be the
unetcrs of the situation. Applause
W. have a right 10 dennnd ibnf M
future financial policy shnll be a part OF
the repeating act, ~ that we may choose
between Il aud what we have and rciec,
II If II 4 less favorable thnn the present
law. And / may add, IA the Language
adopted by the bmetnlllc league a few
DAYS ago:
tho refusal Of the opponents OF blmptaI.
lism 10 propose auy substitute for tho pres.
emf law,ar 10 elaborate amy plan Tor the tut.
urc. Indicates either an ignorance " onr
financial needs or an unWllllngncss 10 take
the public Into tpeir confidence.
THE GREAT OBJECTItlN.
But. sir, more serious than any other
ol,iention which can he made Ia Tho nm
cnndItinnnl rrncal OF tho sherman law Is
ia Observation-Disclosures fact that a suspen-
sinr ~ silver would tend 10 lower the
nrire of silver bullion ard thus make the
restof5ltion of bimctnllism A0rp difficult.
rbat tlis Mil he the effect IL proven not
n, IL by reason. but by the utterlnces u
M Herschsl's committee sn discussing
~. Gnanres Of India. Tint report SAYS;
-, I.e.,,n.r ,,s, /. Ain was intradneed
a.. ~ ssnate IN rrneai the sherman nct,
ma snofher Ia suspend purchases under u,