Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-10-01

hn as steady and as immoyabic as the
mountains themselves on their basis sup
pese that all those countries say; we
will take all tho sold IN NC world any ny
we viii take all the silver In the world
and give ! ounce OF gold for III ounces
No man viii offer TO sell an ounce
Of gold for twelve ounces Of silver when
he can get 10; no man will offer ~
ounces OF silver for / ounce Of gold when
he can gct / ounce Of god for 10 ounces
Of silver. Profit is the motive which CON
trolls the trades Of the whole human
family, individually and collectively
Whenever that II fixed, and these pow,
ers say bring your gold here and we VIII
give you 10 ounces of silver for every
ounce Of gold. bring your silver and we
will give J ounce Of gold for. every ~
ounces OF silver" the price will be liked,
aud II Ia not In the power Of England
nor in the rest Of the world TO defeat
Il. because the powers which are united
In cooperation IN establishing ms priee
compose majority Of the commercial
powers Of the whole globe. That Is the
reason.
i believed years ago that IL was IL
the power OF the United States by =
bold stand TO have taken the lead, and
! believed that Europe would have FOL
lowed " the United States had thrown
omen her mlnis and declared 10 the
world that she intended 10 take the lead,
that she would risk the consequences.
and that she would coin without limit
at 10 20 /. There was time when II
was my opinion that II she had taken
that bold lead the whole world would
have followed her, with perhaps the
exception VI England. II followed the
young republic In 1II6 when she made
her great struggle for freedom. When
she had torn down all the cnsigns Of
royalty and designated this as the lana
OF liberty, her success shook every throne
In Europe. and there was great sirng-
gle all over Europe to initiate aud fol-
low her example.
la 1916, after a long discussion. when
she determined to abandon the protective
system. which was Obstructing the great
movement Of her commerce. aud put
herself wholly upon the principle Of free
trade. not only England. hut Europe fol-
lowed her, and there never was a season
Of greater prosperity over the whole
earth than was witnessed during that
period.
In 1861, when she retuccd her steps
and declared for commercial restrictions,
protection against competition, almost
every power IN Europe retrnced Its nteps
and followed hpr bad example.
In 1871, when Germany had over
thrown France aud exActed n thousand
millions in gold from her fallen foe, she
NtAhANAlNNu 10 AAhf un NtE NllNfE anu
replace II with gold. II WAS a bold, bad
move, started TO destroy one-half the
, metallic money Of the world The Latin
| UuiOn aud other powers In Europe took
q tentative position and waited for the
leadership Of the great republic They
suspended silver coinage for one year
| then Tor another another, and this watch.
| ing continued till we took a decided stand
/ IN February 1873 the other way; then
| they made the closing of their mats
! permanent aud one country after an
| other has fallen into tn column. til In.
| dia, the last stronghold uf silver has
| thrown up tho sponge and put herself
In alignment with the commercial world.
| That was the time whuu John q. Car.
| lislc denounced the igrtat conspiracy,
| at the head Of which was the German
| empire; thlt WINS the dine when he made
the splendid speech which has been so
often quoted and misapplied Germany
| crship were proposing 10 destroy, M
| Mr.. Carlisle said from thrce-sevcnths tn
| nur-h1lf NJ the metal money of The
world He denounced K as one of the
| greatest crimes ever medithtvd, aud Ia
/ cunnteract 10 he proposed that the grent
| republic should take her plnre there al
the head uf the column, boldly throw
| open her mluts to unlimited coinage. and
| no the same time send commissioners
| tu Europe to insist on their following
| and supporting US. Then, to restore hi
| meinlism. he urged the forcing of the
measure ON appropriation bills. In order
tina, perfect biuctullsu might be secur
ell TO the world, But strange to say
those who are today advocating silver
| monomctalisin quote his earnest word,
10 show that he Is Inconsistent. Mr.
Carlisle stands today whore he stoo,
then, and u the conditions were IN,
same he would urge the same course
But the issue Is not the same, nor ar,
conditions the same.
But. who today is proposing to strlk,
ont the coinage Of the world $1,000,
OOO,OOO Of silver cniuy | want 10 Sc,
dares to advocate u, IL there any maj
Ia Europe or America who Is advocating
the decentralization Of the four billions o
silver IN the wcylds coinage today Thu
is not the question here az all Nothing
of the kind The question Is now whethe
We shall open our mints to the continue,
free aud unlimited coinage of silver az /,
70 |, or whether we shall destroy th
silver dollars that we have.
IL has been said on this floor tina
Frapce has u himctallic system. Franc
has Si0O,QoOO00 Of silver and $500, 600,
600 OF goll, aud her SIOOOOO,0OO Of sill
Vor Il circulating ON the standard Of he
$SOOVOO,OOO OF gold. IL France shOul,
take her coins 10 the mint and mel
them she would lose the difference be
tween 100 cents In gold aud 81 cents
II France has blmctalllsm with sevcl
hundred millions of silver dollars anl
eight hundred millions Of gold dollars
what do you call the financial system
of this country, with six hundred mill
ions of silver and only SIX hundred mill
Ions OF gold dollarsg Yet 1t Is deuied tina
We have himetallsm,
We have not the most perfect syster
of himetallism, MIR. President. rho Oul
perfect system Of hlmctallism. as / hav
said Is WHEN both metals at give
ratio are worth In commerce Just wha
they are In money. We have not go
that: but what we have M circnlatio
Is himetallc We are using silver upo
gold basis, but 1t Is being used all III
same.
AIR President, have bcenthinklng 10
some time that there was some larg
amount OF silver being excluded from th
monetary circulation Of the world by IA
closing OF the hints, Tho study which
have been able 10 give 10 the statistic
which have been Furnished me leads IN
10 make this statement II the mint
Of the world were thrown opeu 10 ia
ftee coinage Of silver today not nuotlit
ounce would get into circulation. | cha
lengc contradiction OF that statemer
here aud now. Every ounce Is either /
currency or manufactures and whelht
you coin or not L will 60 by preferonc
TO manufactures. because if n man ,.n
take silver dollar and make Il wort
Eve dollars, he has The natural ripl
! 20 expand his labor and make live do
| lars, OF u, and he will dc IL. Thei
| Is no power In Christiendom which can M
vent him from doing II. and no rirh
: ful 'power IN Chrlstendom which ouri
TO prevent him him from doing Ii. Il,
another ounce Of silver with all the mini
Il I nj a. II. AZ