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


York banks IN the West and South. have
been told that they need not expect Ia
| get money fran New York until Che pur-
| chasing clause was repealed, and The
Southern and Western bankers have been
| strongly urged "a write TO their sauntnrs
aud to insist that they work and vote for
| immediate repeal. This movement has
given rise 10 the recent feeling In New
York that the silver majority in the sem
ate could be overcome, as the influence
OF the banks of the metropolis, when con-
| centrated on any object, IL regarded as
invincible. There Is feeling that the
strain Is not as great. as It was. and i'm
provement Is hoped for Some anxiety
exists as to the action Of savings bank
depositors when the thirty and sixty day
limit expires next month The require
ments Of money for the crops will also
be potent factor. hut no one is DISPOSED
to contemplate future conditions. es-
peciapy if they are likely 10 be unpleas-
ant"
Mr.. Vance-If il would not interrupt
the senator from Texas, while he Il on
that point | will state that received a
letter this morning from a very respectn-
Bile business gentleman IN Salisbury. ~
o., inclosing a letter from New York
Ills permission ! should like to read il.
Mr.. Coke-Certain'y
Mr. Nance-The letter Is as follows.
mo. Broad street. New York.
August 81. 1893.
Dear Strive are obliged 10 you for
your favor of the 10Th instant offering
loan on your mills"
This gentleman Is connected with a
large cotton mill at Salisbury
which appears TO be very good. 1t is
not In our line however. and we don't
know any parties here who could handle
the paper. We hardly think that the
times have sufficiently improved to war
rant negotiations.
The senators from your country are not
looked upon as promoters of the general
welfare: III their stand represents the
views of your people on financial mat
ters, II will be very difficult for you to
secure any accommodation from capt.
tal.sts in this section until there is de-
clded change.
Yours truly,
II. d. SHEPARD & CO."
Mr.. Coke-l take The following from
the New York Sun of April 20:
Let us point to another fact. and we
are done. Never before have the large
banking institutions of Chicago and the
West ordered their gold in such large
quantities direct from Europe and In
this fact is found one reason why our
bankers are puzzled over the anomaly
that although all these millions are com
ing to the country they experience little
VI nv ltlltl lucItlIpAl. ne tlltT TtdSpus
gentlemen. is. in order to force the re-
peal Of the Sherman act and to quickly
establish your power over the plain peo-
pie of this land you first sent ont Of the
country one hundred and ten millions OF
the peoples currency In order to assist
the Rothschilds to demonetiip silver in
Austria and elsewhere, and then let L
remain there, to teach the West and
South nm object lesson" as the presl-
dent called il, until you found 1t was
necessary to recall 1t in order to save
your own house from destruction Now.
You have not only taught the West and
the South an object lesson, but your
selves, one as well, and you can be sure
of It,"
These quotations from the leading pa.
pcrs of the country could be extended
greatly beyond the time 1 can give 10
them, al establishing the existence Of
the great conspiracy.
Mr. President, when the Sherman act
was on It's. passage through the senate
1 voted and spoke against ii, believing 1t
bil! that should not pass. Tint bill
repealed the Bland act Of 1878, which
partially remonetized silver and provided
Tor the coinage of not less than two nor
more than four million legal tender sill
yer dollars monthly. 1t is now proposed
10 repeal the sherman act, without re-
storing the Bland act or in any other
way providing for silver coinage.
The house bill now before us. as well
as the substitute reported from the fl
nance committee. provides for the nm
conditional repeal of the Sherman act.
making no provision for or recognition
of silver coinage The house bill Is. In
my Judgment, the more direct and manly
mode oil dealing with the subject II re
peals the sherman act DESTROYS silver
without making any apology for 1t, and
makes provision for disp0sing of the re-
mains tthe coined silver by maxine
them redeemnblc In gold, If this is neces-
safy 10 preserve their parity with that
metal 1t disposes of the silver question
and leaves nothing that is demanded by
the gold monometallists.
The empty declaration 0s the senate
substitute In favor Of bimetall. sm, in
the same enactment that DESTROYS BIZ
metaLism and establishes gold monomet-
Hlhsin, Il 50 grotcsquely Inconsistent as
10 need no comment
l. shull east my vote against eitbnr mr.
Doth OF these bills. Ii Is generally agreed
that the sherman act has had little or
nothing 10 do with bringing ahout the
present financial disturbance. nI,l tbnt
the expectation of god attributed TO il
Is ioF the most part a natural and legit.-
mate outflow for the liquidation of
large trade balance existing against tbe
United States, which IS now and far
some time, Notwithstanding the Sher,nnn
act has been rapidly returning for the
products. "-u o'her
The legal tender treasury notes paid
out under that act for silver bnltion
amounting TO about $4,000 600 eorh
year, has been q much-needed aceession
70 our volume of circulation. It's opera.
ZION In thS respect has been most bene-
nceqt, This act has been made n sto't.
lng-horse, behind which the plans for
me demonetizatlon of silver and the H.
snanee of gold bonds for the heneiit of
the national banks have been perfected
ana pushed by n hand of reckless ami
uhscrnpnlous conspirators against tbe
peace welfare and prosperity Of The peo.
PIE or the United States.
Inc president of the United States
ana his secretary of the treasury ars
honest, patriotic mcu. devoted 10 What
lhhey conceive TO be the best Interests az
ne country, hut they have been deceived
9uped ana imposed on, and their conf
denee betrayed by the bod. Ind Snsn
Nhq' on a cold calculation of enorno,is
proht to themselves and Their confe,Icr,
ates, backed by unlimited wealth. baya
neen able 20 control the Influences which
nave precipitated the present unhanns
m3Snetary conditions upon the conntryN
MT President. the victory Of nrSa,.