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


viii be tskea from the expense column
/ and Simon win be taken from the cost
I Of invcsfnsut. % that the profits would
! amount IL Sjf,6 on an Investment cf
\ S,GGS or more than - per cent. ~
however. ths increased demand Tor bonds
raised the premium 10 u per cent, we
] could only eaicnlAie a little. less than
/ S343s On an Investment Of St4,666. or
\ nearly b, Ter cent This they would
I prnbahIy eai q fair divide. Tie bond
{ holder would receive an advantage in
/ the increased premium or say, SsO,VVp,-
l COO. and the national bank would be able
TO make nb5ut double on its investment
/ what Il docs now. II the premium should
/ increase more than per cent the bond
| holder would make more and the bank
/ less. II the premium should mol increase
| that much the hondholder would make
less and the bank more.
Lei those. I repeat, who favor this
/ plan, be- prepared 20 defend It before
/ a constituency composed Of people who.
/ are rot making 5 per cent on an average
/ on the money Invested In farms or enter
| prises, aud let those who VIII profit by
! the law cease to deny the ability Of the
| government TO increase the price of prop
/ erty BIZ law. One Is almost moved to
\ tears by the sight Of New England man.
/ ufacfurars protesting against the wisdom
/ or Possibility of giving fictitious value TO
product. when for the last thirty ye.lr,
| they have drained the rest Of the country
aud secured artificial prices by protective
| tariff laws lApplause.l Some Of our
! Eastern friends accuse the advocates Of
4 free coinage Of fayoring reputation.
Reconciliation has not been practiced
/ much in recent years by the debtor, but
| in 1869 the credit strengthening act
enabled the bondholder 10 rcpudiate o
/ contract made with the government and
! 10 demand coin In payment for a bond
| for which he had given paper and which
I was novabie In lawful money. That act
/ increasing the market value of the bonds
/ gave a profit 10 many who now join Tho
/ benefciaries Of the act assuming the dis
| trict debt M yocifcroua proclamation that
the government cannot create value"
| Does moi The location of n Dublic build-
| ing add 10 the value of ndincent real
| estnte2 Do not towns contest the locn-
| ton of county seat because Of the nd.
vantage 1t brings? Does not the use of
| gold and silver as money Increase she
value Of each ounce of each metal?
| pprrIoIts NtLypAIc TtNttsr1sD
~,
| aHe9e ale Sa",u Pt''ivus InelalS De
vause me ptVuuSuoh y UNITED ana can
ny pe lucl@issu NJ VIII lhdehhitely. II
| t"iH hVNtlhWeut OF huIupet OF govern
lArill7 c9u yn'r mArket unlimited as
tO.nPareu WIN me supply " can main
aih Tue ouuioh h4lue 90 god ana silver
az NE legal ratio. The moment one
| tue.ul 'ghua 70 cuehpeh' tue use ialS ON
II ana increases rs price While the de,
retarJu i gg''l ,i iUr 'ae a'afer metal
values are kent near 10 tbe lSgol rniio
SO near that The yarintion can cause M
| variation In tho chnrreoila value ~ ~
unit would innict under a singie siond.
| ard. The option il aIwoys given 10 thc
debtor In q double standard
Ia fact, the system coulJ mt avist 70
| tho option romaippd with the crsJitor
for be would demand the dearer metal
| and thus Increase any 0urt,to lion In,
| hllion values while Tho nntion In ,ia
| hauds of the Debtor reduces tbc nnc,ua.
ton to The minimum. Tbat tho unit mn.
dor a doubis standard h more stsiJo H.
It's relation Ia ali other tbipps Ia n admit
| bv Ieyous and proy1n hy several iii,st,o'
tions. Mr. Gin'sn tries Ia avoid ia force
Of the admission Inv savins tbst ia
difference IN favor Of tile doubie stani.
| ard is only In rho pfnnnrtion ~ . 70 1
nnd therefore not sufficient Ia iustify ~
adoption II would see,n thar where sta.
bllitv is so importanf-and h meyer was
ga inuortapf os todoy--,.bc, ~, ,,,,,,,.
lone-firne c,ntrncts "yo o,.r,,t,J ". 49,,
slight difference In favor Of tbr dn,,bic
stands nj onebt IA nal. h ecrs,,tai ~,
we ostablisbed a bimsteIIir sfo,,J,rd
In 1TQg hui .iiyer being oycrynIteJ Inv
| orr rntiO Of In IN / gtaved with ttg ,pl
gold went abroad where ,ninr raiins
&. wore mos, f,ynr,li. '""'
MN r,orr,p ~, or,p ,,,nr,,,,.,
Nyi'i1EN" VI w" DNpDli-a'
have here a silver coin exhibiting ~
which came from the mint in 100 Ii
, nus upon II we e1se tnsSe slgnnincant
i-nif" II Womb soon. tbcrefoTn ma, ~
me WEIGHT of The aold dollar vyns roc,
lated nv he silver dollar and t6c gnSl
pieces irovided far made muitiplrs ~ h
| In 1S9i ana IN 1897 thc aIlov Voc cba,,,
rI and tbs aold dollar rcjrreJ In ais.
i'm oricr to csSrrssnond IA tbn rc,,,i,. a'
tnbiisbsJ rotin' AZ Ia 10 / The "1,o,,n,
nj mn. siivcr In Tho sfnndsr1 doiin,
ms payor b,,,,, CHANGED sincs H. ,dey,ti'
in tToS ''V' 80 'N'p'ioH
M -,t;o ~ ia % / ovcr.,lr.d ,,,il
and our silver went abroad irbe silyn,
dollar v,oa worth abont tbrcc crnts ,novf
| ~ M t,iia. t,..,,,,,. ~ -
ti"H thy h",,Nu "Nt'N ~ ,SV,n.
ue Sol9ed IN trnnce " the lul!o on 70 u
| TO l. lhu5, during All the period prior tt
1913 this country enjoyed blmctallism
and, although at one time we used on,
metal, and NJ another time another, II,
statesman rosc to demlnd single stand
ard. We now have three kinds of bimet
ulhsts-tho,se who favor double stand
ard only by internluohhi agreement
those who favor independent action a
a chanaed ratio, and those who fayo
Independent action al the present ratio