Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-09-10
PART TWO

IN tne Eold.nsing countries, whether
nonon,stallc' IKE England. Germany,
! ana hnssln. or timetable, like France.
Italy, Spain and othnfs. their silver cir'
cMatcs side by side nj pnr anil Il ey-
ehangeable with gold. Any man desir.
| ing any OF these countries 10 exchange
| his silver for gold can make Tho *.
vnshse ~ Tue ordinary course Of husi.
hess AZ home, without oxneltHe or dls-
! count No rensnn can DO percciycd why
~ shard prefer TO bring ii 10 the United
SlNtcs where the standard ratio Of Ill.
yer 70 rod II greater In onr silver coin.
Ilu where, conselucntly, his silver must
De s.old az a discount
An such silver coins. OF course. wonli
have TO he melted aud rccolned. so thnt
ail 'ess by handling and ahra aion would
he deducted hcre The loss from this
source and from the discount hy reason
o. me smaller silver ratio, the expense
~ shinmeut insurance cic.. has hcrn
estimated by experts Ia ho from 4 To- !
UT cciii, when without this loss this
snNcr n heing exchanged ovefy day AT
home at par with Eold, Of course Il will
MOI hc brought here European silver
would not he tlumncd" Into this coun-
Try for the nN-sulliricnt reason Thai II 1.
nGded there 10 10 the very thing It Is
doing that i, to circulate AZ money,
All the Roll.standari countries usN N.
Ncr Noldsiaudard ENGLAND circulnirs
SlWltsNUOO Of Il o. llmiycd.tendcr pow
80. NNNAWMNN MNff CliattNNtNtNn tnllalNu-
der silver and SiOSOOO, 900 " limited.
tgnder silver Austrla-llmnrnry iike
fnyand and Germany, rold-standari
gnnu,fl, Uses SilOtlOO.nO0 full LEGAL ton-
dgr silver, while the hlmetAllc Countries
,ke Franco, Rolgium and others. circu-
iale EnNt quantities 81 Silver Gold cnn
newer De used FOR the evCry-day pur.
hosos 60 Witch silver coins are nplilei
throughout ric world. lls subdivisions
wonlh ~ too minute for pocket use.
~ M Prcs w.lt. the fear Of au hun.
dnue9 OF foreign colin, u our mint,
should be thrown upOn, u grnnndlcas aud
illusory This Is ono Of Tho chimers
soWnrel M to Brighten people into tho
heNei mat We shon,d abandon silver and
roy solely upon gold "a money metal.
W opposition 10 tho experience Of tha
word nat during all the ages II hos becu
ihe great nctor Va the preservation nf
the oqnlucs between debtor aud creditor,
IN holding down gnd TO fair aud lust
STANDARD VI valuation, 10 securing To
lnhor inir and reasonable wugca and 10
ihr products of labor and all commoli-
Ties just estimates nf value
IN uiher words, silver mud go,d helng
mutual checks upon each other when
both lN3sras the fnll money function.
preventing nm uuduc nurtnntion " either
mcinl. they mako conioinly standard
81 fhlne steady, conservative and re-
lmhlo IN their relations 10 r0mmOdtina,
Wnspa, and property exchanges Tho
very best cvldonco Of tho truth Of thia
prpnsiilon is.fu he found IN tho universal
inll of Prices slncn iSIa when silver was
dcmqneliXed. and gold unchecked began
10 rl.r N value and continues 10 rlse
commodities falling w tho same proper.
ton, until 81 pngsosscs now tho nnr-
rliHNlhg pnwer over cotton and wheat
which. required So 10 c0mmnua IN IST3.
NM al other commodities being affected,
ilpi 70 ne saine extent possibly, hut
heavily ~ The same direction
Not enls Is This true In uic United
states, bni II il equally true throughout
Ynropc, consequence Of tho desific-
ti"l OF silver as money, ns IA nhown IN
re following. rttraol from the Economic
,.llsls, an able work by Sir. Maricu
irlsWfn, OF london, on economic ques-
u may lndgc1, be- affirmed without
ienr ~ contradiction, The lrrialntion nre
ranged In the interest OF a certain rihsa
hfft by Lord Liverpool IN tbis
oonntly, ana again by Sir Robert Peel
other wealthy bankers, which wna ann.
nlemehied wccnily by simultaneous nnii.
'lfer legislation Ia Berlin and Wnehinr.
Ioh ~ uie insl0hrc Of the great nnanrini
houses. This lorishition has about doib.
rl ihe burden Of all nlilounl debts hy nn
liun'ial onhalircmont Of the value Of
"rhe fan Of al prices Induced by thls
'nnsc has hecn on such o scale TINT while
~ twenty rrnN the national debt Of the
liprh STATES quoted Ia dollars has bnou
'dueel ~ nearly two-thirls, yet tho
'hlur Of tho remaining one-thrd mons
ma ~ wheat, IN bar iron, or bales of cot
pn' ~ ooihllrrnhly greater, u a grnater
luniahd on The labor and Industry Of the
lnnuli ihnn was the whole debt nt tho
lmn u wax contracted.
'Ihs esrasnllon Of The burdens Of TAX
ZION induced by this SPECIALIZED 'nppfccia.
ION q gold, which II no natural APP
lrcriaiion. hnf has been brought about
~ piAss leritlation 10 inrroasn the value
Il sold which IL IN few hhnda. requires
NV Ia 20 okplhlnei 70 an cnfreEchiEei
Iemocraey, which WIN know how 10 pro-
eet user pRninAt further attempts 10 eDn-
rA.i thr e9rrrncy eni force down prices
the confusion Of every existing CON
ragl
ot nl clhsHns Of middleincn, bankers
ave BEEN by iar ihe most succrssfnl In
llerceWins and nppfopn1ilng 40 nndue
harc Of prodaccd wealth While tLe
lolern eyslem Of banking and creilt
llS br SAN 20 DC even yet " it ~
nncy, mat portion 81 no nsaeis " the
community Which - today ~ lbr htrohg
oAe7 or me banhora, wqnld, u declared,
70 an Astounding myeliuoh 81 the recent
raiits Of llls particular onsincssi aud not
ly has th0 hiphes, itseli become most
roflabiH monopoly, pnt ~ Interests IN .
rry lew hands are diainctrrally opposed
; thr INTERESTS Of the majority, by iegis-
mon intended 10 contract the currency
nd force down all prices. including
D. Al nal To- lal