The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-08-25
Finance From the Standpoint
OF the Alliance.
WANT MONEY ISSUED By THE FIAT
Oi Government, Based on Taxes, Not Gold
OF Silver.
BRucEyll.AE, Aug. I, '93.

DOlue Llfue eluce uuSo Oioi az
dressed an open letter to me in re
gard to his views financially. Al
Judge Clark letter was given the
public through the columns of the
Dallas News, | hope it will grant
me the same privilege. Judge Clark
says:
In taking up the subject of fl
nance, one feels somewhat like the
old Texas veteran when asked one
day if he thought it would rain. He
replied, after a pause, that his ques-
toner must ak some new conner.
In recent times we refuse to 60 for
counsel to those who have given
finance an intelligent life's study,
aud who have hitherto been deemed
fully acquainted with the subjec
and its science, if it be science.
If you want to hear finance thor.
ougnly unfolded and explained, you
must hunt up some street corner
politician, fellow who never ma de
nor saved 81. 50 in his life. He can
tell you all about finance, and will
deal in millions and billions with
such rapidity as to make you dizzy.
| am afraid some of you Alliance
men are afflicted with the same dis
ease.
Perhaps the Judge may be right
in this, but l do not think 80.
During the last campaign the Ali.
ance people maintained that the
financial question was the one to
agitate, while Mr.. Cleveland, Presi-
dent Harrison, Mr.. Hogg and others
said, ono, there is plenty of money !;
nothing wrong with money matters.
All that is needed is a proper ad-
justment of the tariff to give the
psople prosperity" What do these
politicians say now? Grover Gle ve-
land has assembled congress to ad.
ust financial matters. If financial
matters is the issue today, it was
last year. Do you think that Mr.
Cleveland has just found this out?
And if so, what has happened to
open his eyes to a fact that every
Alliance man has known for the past
four years? If we Alliance people
then had better perception than the
great leader of the Democratic
party, should it not follow that we
are better posted on the subject
than Cleveland and Judge Clark,
especially when they both claimed
that nc such question existed, Judge
Clalk's attempt at ridicule notwith.
standing? Judge Clark says:
Finance in its broader signiica-
ton may be science, but money is
mere creature of arbitrary agree
mept between nations and even
among people constituting one
nation. It may consist of any thing
and need not be either of the pre-.
cious metals. 1t is only ga mere
instrument of association. Arts.
totle once sad that "it exists not
by nature, but by law,
Yes, that is what we claim
money created by law; nothing
more, nothing less. We want
national currency created by law
and redeemable in all debts due the
government.
Cattle were used as money by the
AT clent Greeks and Romans as thew
were on our frontier thirty years
ago. In Greece they orce used
"*ooden skewers," and frequently
iron; Other ancient people used tin,
wood, leather, mulberry bark, sea
shells and variety of other sub.
stances. There is no politics in
money, and there ought to be no
sentiment.
Judge Clark is right about this.
Only people who expect the party
machine to elect them to Office and
fools care anything for the senti.
ment of party politics.
1t changes with each era in pro.
gressive civilization, and what was
once good money would be
thorough worthless now. If Won
were offered few shells, or a piece
of stamped leather, or a pound or
two OF stamped iron for your butter