Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-09-17

Friendly neighbors viii ever touch her
tremendous boundaries. The iva oceans
on inc east and on the west are her I'll
ganue allies In the world'H adyaae snent.
ana those who dwell on her northern end
southern borders have no desire 10 break
the peace TO their own overthrow. Alone
IS It were. the Colossus OF the Western
hemisphere, nnJ towering IN IN isolated
power and glory. her lirnltiess material
resources are sometimes overlooked I'm
summarizing the elements OF her financial
strength.
Nature has here endowed free people
With wealth more prolific. more infinite
In variety, and more inexhaustlhle than
was EVER before disclosed IN The annals OF
The human race. We hear at a., times OF
INC boasted commerce Of Great Britain
ana other European powers engaged IN
carving the productions Of the entire
Mcrld. Sir, II may be stated as feet
that the Interstate Commerce OF the
United stntss alone is greater IN value
than all the foreign commerce and carry.
inE trade OF Great Britain, Germany
France. Austria. Holland. Russia and
belgium put together. with absolute
freedom OF telegraph between the states.
an equitable exchange Of their produc.
tons has taken place according 10 the
wants and necessities OF producers ana
consumers. Developments u wealth on
INC farm lands, In the manufactures IN
the riHh eanons OF the mountains, on the
mighty rivers, along the vast ocean Dor
uers' and on the Inland seas 81 this favor
led country have consequently followed in
such profusion and maEnlhcenee as to
aWaH tAtu insignihcanee the achieve
menus or every other age race. or nation,
THE PRoHIBIToRY TARIFFS
IL our foreign trade has not kept pace
win our domestic commerce. the reason
open before us in our statutes Leg.
lsiaton avowedly untrlendly to trade with
ioreign countries. placing their produc-
lions under the ban OF our dispieasure.
harooring them away from our ports by
prohioltory tariffs. can have but one
result on the foreign commerce OF the
United States. Ungracious and forblddlng
TO others, we have no right to expect
others TO be gracious aud friendly in
TRADE to us. We have not today a com
merclal friend In the world Nobody
abroad seeks our trade unless under some
sort OF compulsion Nobody In Europe,
Asia. or Africa. Will buy bushel or a
pound Of our breadstuffs, OF our meats
II they can get what they want anywhere
else.
Human nature governs nations as well
as individuals, and for every law we en-
act denying to foreign productions
place In our markets on fair terms. and
announcing that's we decline all CONNER
cial friendships, we may be certain OF
ON Injurious blow In return from every
trading people In the world But l have
abundant faith that the giant evil which
has restricted and crippled our foreign
commerce, and closed foreign markets
or made them hostile to the productions
OF the American farmer. will be removed
with other evils which challenge our con-
slderntion and action. In the mean time
II farmers mechanics. merchants, intelll-
gent bankers, and even Wall street brok-
ers, and stock gamblers. WIN study the
true greatness and the Inevitable and In
vlncible future OF their country in the
light OF the last census they will learn
that financial pancs and alarms can have
no real foundation here. and must pass
away like vapors before the sun. not
withstanding a vicious law may now and
then temporarily disturb the public mind.
MONEY SIMPLY a MEDIUM OF EN-
CHANGE.
But there yet is another and an exceed
| ingly sensitive and powerful test OF our
government credit. which in this connec-
ton asserts It's claim not only TO the
trust and admiration OF the American
people, but also to the business conf
dence and respect OF every civilized ma
tion beneath the sun. Money II simply
a medium for the exchange OF values,
Furnished In this country by the govern
ment for the business transactions OF
Its people. Money has no other origin
or power TO exist In the United States
thnn Is to be found specifically granted by
the constitution. Let all the vague and
chlmericnl decisions which In some minds
always haunt this subject with nysteri-
GUS and Intangible talk about the source
and derivation OF money be dismissed
at once and forever In the heavens
. a rnnp Ia fha hatnuts Ia
/ any power to make dollar for the
American people, whether 1t be In gold.
silver. or paper, except the power OF the
/ American congress.
Money is the creature and congress 10
It's creator. Gold and Its intrinsic value
goes for naught as circulating medium
unless the coin bears the stamp OF the gov
ernment-a stamp more powerful than the
grasp OF the lions jaw or the eagles claw
In bestowlng life and activity on a dead
and otherwise useless material. The same
! official stamp ON silver OF on paper at
once ennobles them to an equality with
gold In purchasing power. no matter how
debased. how degraded or how valueless
the silver or the paper may become as
commodities by sinister and unwise legiz-
latlon.
Sir, hold N my hand the governments
official statement. made july 1. 1884, OF
Its various kinds OF currency now cir
culating by It's authority as money IN the
hands OF the American people. II Will
doubtless sound strange to some ears that
there are nine different currencies here
/ described as now engaged In transacting
! the business OF this country. and to q large
extent the business OF the world. The
amount OF each kind coined or issued
is here put down. how much remains In
the treasury. and how much OF each Is in
circulation This table carries with II a
lesson OF profound Importance and Is en-
titled to the eravest consideration:
81 2g5gggF2 q