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

~os,s have been preferable. No
douiT the pressure on goa would nav
heen more severe than u has been IN,
United stAtea had not passed. the biana
Tse gentleman from Maryland (Mr
Rayneri said in the opening speech Of
this debate:
In my oplniou there IS not suiDcisnt
amount Of Sold 70 etisiene,s 70 ,appls ", ~
dnfhanda o. commerce and the hecesslpes
OF the worlds circulation
Mr.. Balfour member OF parliament,
In speech recently made said;
lei Germany, India and the United
states Try n gold currency aud trcniaf
n rsl.s They look forward ID the inmediatc
future. 10 catastrophe. and ferl thai que
ultimate result may be slow ,Hrpfccilt,n
I II the standard % value. which - pMb1ps
The most deadenlng aud benumhiug IN
nnsuco that eau touch the enterprise OF
nAuou.
Mr.. Goschen, delegate from Great isri.
tain. said at the international monetary
conference IN 1873:
II. however other states wete 70 carry
on . propaganda ia favor ~ gold siana,in
ana The decentralization " silver, the w
dian government would be obliged - "a
consider H. position aud mlEnt be ieIccl
by events 10 take measures similar 10 those
tnkcn elsewhere. IN that case tue sefAHvls
70 get I'd Of silver might prey9eee 2n s,, y.
Inerce, one or two states m!sni drfn,,9ns,,,
Tive silver without serious results. hut II w
drndnetire there would be No buyers, anu
silver would fall 10 alarming Nroporuoins.
II all states should resolve en w
adoption OF gold STANDARD, nc lgestife .l
arose, would there be sufficient gold for me
iiirn1so Without tremendous cfislsi There
would be a fear on the one hand OF dt-
probation u silver and one on ne oiher
spending fan Ia the prices OF oil eommodl-
Iily, Russia and Austria. Whenever they
resume FucHle paNmfuts. W0Wu ftiulFF
metal. and n all other states went ln the
direction Of gold standard, these cquni 3ies
Ton would be forced 'n take ggld hrs9hp-
lion an ihnIr part would be facilitated by
me maintenance ~ oliver as part OF ihp
legal tender " the world. the American
proposal FOR j universal double si1ndhrl
seemed impossible % realization q yefltnhilf
Utopia. but tho theory of n universal goll
siandari YVES ui2pian. anl Indeed moved .,.,,.i
AZ large that ne two metals should con
time iu circulation fhan That one should ne
universally substituted ipr the other'
AMERICAN AUTHORITY.
Thus docs an eminent English mono
metnllisi dcnouncc The idea Of o uniyer'
sal gold standard aud foretcll its oonse-
qucnccs. But we ar not dependent tor
authority upon foreign advocates Of
single standard, Read the words Of HIM
who for many years was the guiding
genius " the Republican party, Hon,
James g.. Blaine and say whether he
VA nna l,or,1 GGSaa'' vorI ee d ,Se
dangers Attendant upon universal
recommendation. He said lpon the floor
I Of DC house. Feb Z, 1875
On tho much voEci au1 long mo3iei
question ns 90 O. hlurilillc or m1noWeillir
Standard MY own Views are auficIgluy
Indicated No hs remarks ] have made.
believe tlr Erulafe nov going ON 10 ms
coWiry and 70 Other cgpn,fles i1f Hne.r
widespread disaster 10 and throughout the
commercial world
The destruction Of silver a. money and
establishing gold aH ihe sole unll Of value
must have u ruluous enect on all forms "
property except those lnvrstmcnt7q which
Yield % dErd return lu money. These would
hr guolmonN} 'hnlhgel az lA' ~
ADVANTAGE over every other species NJ
property, n, hs iho most reliable state,
~ coin button in Tho world not ytrg mn.
cIutlly divided between gold anl silver.
& ia Impossible 20 strike silver ont n ex.
istence us money without results which VIII
Prove dsirrssing 10 millions ana utterly
disastrous 60 teas ~ thousands.
Ariiu bee faid:
believe gold and silver coin 10 he tho
money uf the constitutions indeed, tie
money " The American people. anterior 70
The constitution, which the great organic
law rreprnlkcd o.. quite independent 81 lts
own etlstenee, ~ power WIS c9nigrre9
not be money, Congress ha-, therefore,
IN my judgment. NO power 10 dononrtize
silver any moe than 10 dcmoncilRc gold.
Senator sherman said IN 1850:
The contraction or the. currency is a Ear
more distressing operation than senators
suppose. our own Hnl other nations have
rInp through that operation before. n a.
not possible 10 take that voyage without
cept a cupltnll1t out OF dobt. or sllaFlcd
ulicor or annulinut. u H. q period " loss
danger, lassiiude ~ trade, Ron N wages.
disaster, II means ruin II all dealers
whose debts arc twice thulr huslussy capt
i@ though ouo-ihlrd less than their az.
tnal property u means the fall OF an
agricultural production without sy. great
reelection N taxes. What prudent man
S24 so rS' "a SSra w,s R0S Ss certain F2 ialt
before himg
let me quote from en- apostle Of the
Democratic faith, whose distinguished
services In behalf Of his party aud his
connlry have won for him the esteem Of
house e representatives, said, Feb. II,
know that The worlds stock " precious
metals u note too large. and | 500 no rea,
san 70 apnrehcnd that u VIII ever be so.
Mankind VIII be fortunate Indeed Il the
annual production ~ gold and silver culn
shan krcp pace with the annual Increase
Of population, commerce and Industry. Ac.
corllng To my Views on tho subject the cons
enlrnfN which seems 10 have been formed
here and 10 Europe 10 destroy by legislation
gui. otherwise from threoFeyen,hs 20 one
half The metallic money " the world IL
the most gigantic crime " this or any
oihcr age TIN cnnsummRtpn Of such n
schcme would uilmhtcA pntan moro misery
pestllencrs and fnmince that ever occurred
10 the history Of tho world.
The absolute and instantaneous dcstrnc.
Ton, % half The entire movable property
~ the world including hnisea ahftta rsfL