Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-08-27


po1ntrlag arc n wicked nngodly people
md tefuse 70 pay more fhnn they bor-
roued. will loan IN the United STATES,
ilor dhero lives an honest people. VINO
deaiFbt in . sound e ,.I, and pay ..n ~
pns pnnose that rlan? Because no one
would dare 70 increase by law. the num-
her Of dollars which the debtor must
pay, and ret by some u - called ~lse
statpFnsnship 70 DO indirectly and n
the DARK whit no man has the tencrlJ
10 propose directly and openly.
WHAT DOES A GOLD STANDARD
MEANT
We have been called cr0nks aud luna.
tics and idiots because we have warned
our fellow-men against the mcYltauie
and htolerable consequences whieh
would follow the adoption Of gold stanl-
ard by all die world. But who, ! ask.
mpen a -' eaiamitiesg fhe United States
England, France, and Germany own 70
DAY about S2.GO0.OOO,000 Of the world
supply OF gold coin. or about hye-soFcnths
OF the total amount. and YET these iYul
Of he inhabiinnts Of the globe. What
viii be the e1changeahle value OF golu
dollar when inda'A people, ounumoeF
Ing alone the inhnblinuts OF me inIr
great nations mined, reach ont after inrW
share Of gold colnf What viii Ne the
fnil prize Of gold whom all the nations
or thc ocoldchf and Orient join in the
A disrinrnished adspc,te Of ihe gold
attndard said recently IN substance.
",Vheat has now reached point where
the III glish can ntfOrl 10 buy w., ana
E0ld win soon return 70 relieve our iinah-
elnl embarrassment" How delighted me
farmer will be- when he realizes what ny,
opportunity he has ~ save ne egumrNi
4 nation ia diairess; banks iailingi
mines closed: lnhatcra unemployed; enter
prise ~ standgfi ard behold me
farmer. bowed with unccasing, oven II
uuremnnuratyc, toll, steps forth a. ave
his roLntry-bv selling his wheat below
the cost Of production And em
afraid he will even now be ccnsured iVt
allowing the pnnic TO 90 ns far az 81
has before reducing his prices
Il seems cruel that upon INC growers
of wheat and cotton. our staple exports
ehoud DO placed the burden ~ supply
inr rs n Whatevor cost with the necee.
tary gold, and yet the fnancier qnotsl
hnA suggested The only means, except
the issnG Of bonds. hN which our STOCK
OF gold can be r,plcnished. II u is diih-
cult now. 70 secure gold ,Whal VIZ up
the condition when the demand Us "
creafcd by iA adoption "a The WORM
only urinary money We would simply
put gold 0u nm auction block. with every
nation ~ q 5idder. and each ounce o.
he standard metal would be knocked
other kinds Of property, Eyefy disiur
hlncr Of finance In one country womb
cOmmui iCate itself 10 eitry Other ana
IN the mlsory which would follow 70
would be Of little consolation To know
that others were suffering as much 49,
or more thnn, we.
THE SUFFERING CONTINUOUS
I have only spoken o. the immediate
ELECTS Of the substitution Of gold as The
wOrld's only money Of ultimate rpdenp-
ton. The worst remains 90 he told. H.
as In the resumption Of specie payments
in 1879. we could look forward TO
time when the contraction would cease
the debtor might become a tenant upon
his former estate aud fhe homo owner
assume the role Of tho homeless with
the sweet Assurance THAI his children or
his nhildrcn's children might I've TO
cnioy the blessings VI q stable chr
TenCy." But, sir, the hapless and hope
less producer Of wealth rnes forth into
night lluminei hg no star; he en-
hlrks upon sea whose further shore
no mariner may ind; he travels in o dee
cri whore the evcrroireniing mirage
makes his disappointment a thousand
fold more keen. let the world once
commit is fortunes to the use Of gold
alone and q must depend upon the an
nuhl Increase OF that metal TO keep
paoo with the need for money.
The director Of tho mint gives about
Sl3OWD,oOo as the worlds production
for last year. Something Ike one-Ihird u
pr1duccd 10 connection with silver, and
must be lost u silver mining is render
ed unprodnctlve II Is estimated that
reaHy two$hiuls of the annual product
v used In the arts, and the amount 40
used j. increasing Where. then, u the
supply 20 meet the increasing demands
of an inerasing populaiinuf l. there
come ucw California 1r some undiscovered
Australia yet 10 be- cXpl0rrd3
Is q not probable thai tho supply
available Tor coinage will dtminish rnthnr
ihnu increaAei Jacobs. Ia his work on
the presiols metals, has calculated tho
appreciation Of the monetary unit. Ha
has shown that the almost imprrccptiiie
hrrease OF per cont per year will
Amcnnt % Total appreciation Of 800
per eett W century, Or 10 Illustrate.
tlat s0tinn az 10 cculA today and wheat
~ Gems would mean cotton at
eenis and wheat az l. cents IN one
hundred year.. A national. state. or
municipal debt renewed from time ia
time would az The end of that period b.
~ uhles A. great ~ when contracted.
have been paid IN intntesi.
Nhen one realizes the I'm Significance
OF constantly apnreciating standard ho
can easily agree with Alison that IA.
i,lFE Ages resulted from failure 81
me inney supply How can anyone
view Win uncou cru the attempt 10 turn
BACK The Tide " civilization by tho toin,
pete dehlacneat of nao-haif ~ IN,
worlds money! When ! point 10 tho iis
tfn,s which, not suddenly hut vrndual
~ = entering The habinHous OF oni
pppn'ei when | refer you 20 Tho conan.
a. conclusive evidence OF the uuoqital
distribution ~ wealth aud Of inrreasinr
tenancy among our people, al whom
IN OUT csiles, less than nnc-fanrfh no,,
own ihrr hnmcg when suggest m,
possibility Of This condition oontinuin.
untl passed from a land Of indenepilsfi
owners. We become nation on inpd
l9ras ana tenants, you must tfenible f1l
civil liberty Itself
FREE GOVERNMENT IN DANGER
Free government can NOT long suryiy,
When The thousands enjoy the wealil
OF mo cotlntry aud the millions shar.
rs poverty iu common Evrn now yof
meas among the rich an 0ccasi0naiiv eH
pressed contempt for popular government
aud among thf poor u urof,si ngaina
legislation which makes them "toii thoI
DINERS may. reap" ! appeal 10 Won /,
restore justice and bring lAnck t.raspcr;f,
Whlle yer peaceable solution can l.,
segrei' We mourn The lot of nnhanp,
nel,hi, WHOSE allen owners drain h "a
Us honecreaied wealth; but we ma,
reach condition. II present tendonrie.
continue, when her Position ~ this lin,
VIII nc an object ot envy ana s,S,,
poet may write OF onr .iIi,. "s Sfi
smith flIl a. 81. t4fa N.t.lH u NNlN