Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-09-10
a N. v. REPUBLICAN JOURNAL
COMING TO IT'S SENSES.
silver Demonstration Means the
subordinatIon of American Pro-
ducts to English Cheapness.


I financial men will not look with favor upon
the various propositions, which apparently
Z einanate from the treasury department
looking to the repeal of the 10 per cent
state bank tax and the issuance Of cur
reney. under government supervision, by
state banks Certainly such schemes as
these will not satisfy the honest bimetal-
lists and redeem the pledges of the Re
publican party to keep gold and silver AT
a rarity. Stoppagc Of the purchase Of
silver viii not provide settlement of the
silver controversy 1t simply clears the
way to fair discussion of the question.
| The real issue between bimetalism and
gold nononetallism remains. This con-
test Will be severe and the result mo-
mentous.
| Within The next few years II is TO be
determined " the civilized world Is 10
| abandon silver as measure of value,
and TO follow the lead of England in an
effort to base the values of all property
upon, and conduct the operations OF COM
| mcrce with, the single metal, gold, When
| observation Is made Of the gigantic forces
arrayed upon the side of gold monomelhl-
/ ism, and Of the tremendous interests that
are mennced with harm by such a policy,
/ II Is not difficult 10 determine that the
battle will be fierce and long, and that
victory will not easily be won by either
| contestant
The Interest Of this country in the
struggle mny be said to lie to great
extent upon the side Of bimetallism. We
are the greatest Of all the producers OF
silver. About 40 per cent of the worlds
supply of the metal comes from our
/ mines We must therefore gain a special
| advantage from restoration OF silver TO
| its ancient place as the coordinate of gold
| All Asia, and nearly, II not quite, all
| Latin America. have but one money
metal. and that is silver On the west we
face Asia as we face Europe on the east,
and Latin America is within our hemis-
phcre, with trade that Is certain to be
mastered by us Il we act wisely. No
gold monometallic nation can maintain
| commercial relations with silver mono
| metallic nations so easily as the latter
can trade with one another, or with ma,
| ton which maintains silver 1nd gOld
| upon n parity II all hope OF divergence
| from the gold standard shall disappear,
| tho possibility that we can overthrow
British supremacy in the silver using
nations will also disappear. English-
men have not failed to appreciate this
fact; and Il may perhaps account parity
for their strong cagerneSs that we shall
| abandon silver. !,
Cnipplete rejection of silver means til,
permanent Appreciation OF gold. As gold
goes up-as 1t has been going up almost
| without intcrinissiOn for twenty years
the prices Of staple commodities decline.
| Wheat, cotton, petroleum and silver nave
declined IN value principally because tue
| standard by which they We're measured
has advnnced. Wheat has fallen from
$3.50 to about GO cents per bushel, not
| because wheat is produced in excess, Tor
II is not hut because gold has so ad-
yanced that more wheat is required 70
buy gold To whose advantage is this
depression VI prices? England produces
no cotton no silver, no petroleum, and
not hnf enough wheat to feed her peo-
ple We are the chief of the producers
OF these materials Thus the prcdoinln-
ance Of British gold monometallism has
supplied British mills with cheap cotton,
British wnrkmcn with cheap food, and
British mints with cheap silver. and all
ut our cost. Our debt to England may
probably be counted In thousands lf
millions. Interest and principal are paid
chiefly in these commodities, every one
oil which has been artihcially depressed
in price by the decentralization of silver,
with the effect to augment our indebted
ness. What patriotic American can con
template this fact with indlnerencey
| What patriotic American can avoid a
feeling of humiliation that our money
policy, like our tariff policy, IL dictated
by foreign nation which would rNult
| ~ nave our NEUTRALITY-SUSPICIOUS. litllAtIltN
crippled, while Our farmers and planters
ppd miners are compelled to furnish Qnr
rivals With materials at less than half
price?
Rmetallism, therefore. represents
American interests us gold monometal-
lism represents British interests. What
Is the attitude of the Republican party
toward the question: Beyond dispute
the party is committed conclusiyely TO
the promotion of the joint use of both
the precious metals. II is committed by
It's official utterances In It's platforms;
by Tie tradition and practice OF tue
government; by the fact that three Re
publican presidents summoned three in
ternatiOnal conferences In earnest effort
tn plCcure an agreement to remOnetize
silver and by the fact that the Republic
can party represents protection TO Amer
! lean Interests from European aggression.
This was not once denied by those who
took part Oh the gold side of the recent
debate In the house of representatives.
The Western farmer, who Is impoverished
by gold monometallism. the silver miner,
whose industry Is injured by IL, the cot.
ton planter, who has ms ueots enlarged
by lt-these men are our fellow citizens,
Z their prosperity brings PROSPERITY 10
the nntion When they can buy, then the
I manufacturing Industries OF the East
have an Unsuitable market, When the.
suffer we suffer. When their products
. Nlt exported VI uAll tHth NAit!t Ut less,
the nation, as a nation, is the victim
, OF kind Of hrigandage.
The same devotion to our country
! welfare which impels the party TO resist
British free trade urges u 10 oppose
British monomctallisIn. Botl systcms
. have common origin. both have a
common purpoSe--to pluck and 10 plum
> der other rations for British advantage.
The cause of the Western victims of the
single gold standard Is our cause. 1t is
the cause OF the Eastern Manufacture,
who Is menaccd from the same source
with free trade. IL Is the cause Of the
Eastern merchant. who finds trade active
only when tue West is rich, The Re.
publican party, then, must stand tasl
; by hmetalhsm II must be faithful 10
, lis declarations and principles. II must
be firmly allied 70 the West IN the con.
tlict now begun. The way TO success is
: not wholly evident. The one thing thar
Is evident TO the Press is thai the Re
publican leaders must keep faith with
the pc,ple That party has promised q
i blmcinllic currency; has promised thar
! sold and silver shall b. kept at a parity
aud the best interests OF the country Dc.
,nlard ihai those promises shan be faiih,
>Nlk kept
A SINGULAR FACT!
To-Day viii be yesterday tomorrow