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

this subject As little seems to be
known OF the principles Of political econ
omy as II nothing had ever been writ
ten or prncticed on the subject, or US
was known In old times when the jews
had their rulers under the hammer IL
Is an evil. therefore, which we must
make up our minds TO endure as those
Of hurricanes, earthquakes, and other
casualties; let us turn over, therefore,
another leaf"
In letter to Col. Yaneey, January O,
1916 he says:
Like dropslcal man calling out for
water. water, our deluded citizens are
clamoring for more banks, more banks.
The American mind Is now In that state
Of fever which the world has so often
seen in the history of other nations.
We are under the bank bubble. as Eng
land was under the South Sea bubble,
France under the Mississippi bubble. ana
as every nation Is liable TO be under
whatever bubble, design, or deluson may
pun up in moments when of their guard.
We are now taught to believe that leger-
demain tricks upon paper can produce
us solid wealth as hard labor In the
earth. 1t is in vain for common sense
TO urge that nothing can produce nothing;
that 1t Is an idle dream to believe In @
philosophers stone which Is TO turn every
thing into gold and to redeem man from
the original sentence of his Maker; IN
the sweat of his brow shall he eat his
bread
In letter to DR.. Josephus b. Stuart,
May 10, 1917, in speaking Of our uispO-
sition TO initiate England, he says;
'"rhe bank mania is one of the most
threatening of these limitations. 1t Is
raising mp a moneyed aristocracy in our
country which has already set the govern
meht ut defiance, and although forced at
length 10 yield a little on this iirst essay
A.. l. Il
yielded and unyieldiug. These have
tuken deep root In the hearts of that class
from which our legislators are drawn,
and the sop TO Cerberus from fable has
become history. Their principles lay hobi
Of the good their pelf of the bad, and
thus those whom the constitution had
plnced as guards to its portals, are
sophisticated or suborned from their du-
ties. That paper money has some adVan-
tnges is admitted. But that Its abuses
also are inevitable. and by breaking up
the measure Of value, mukes lottery
of all private property, can not be denied.
Shall we ever be able to put constitu'
In letter Of Nathaniel Macon, Janu.
airy II, 1910:
There Is, indeed, one evil which nwak-
ems me at times because IL 1ostles me
at every turn. 1t Is that we have now no
measure Of value | am asked SIS for
a yard OF brOadcloth, which, when we
had dollars | used TO get for Is shil-
lings: from this / can only understand
that q dollar is now worth but inches
OF broadcluth, bur broadcloth is no stand
ard of measure or value. do not
know, therefore. whereabouts j stand in
the scale of property, nor what TO ask,
or what to give for It. saw, indeed,
the like machinery In action In the
years $50 and 1881, and without dlssnus
faction; because In wearing ont 1t was
working out our salvation. But see
nothing in the renewal OF this game OF
Robins alive hut a general demoroh
zalion of the nation, hlchlng from in
dustry Its honest earnings. wherewlth to
build up palaces. and raise gambling
stock for swindlcrs aud shnvers, who are
to close. too, their career of pirlcics by
fraudulent bankruptcies. My dependence
for a remedy, however, is with the wis
dom which grows with time and suffer
ing. Whether the succeeding generation
is to be more yirtuous than their prede
cessors. can not say; but ! am SURE
they will have more worldly wisdom aud
enough. hope, TO know that honesty Is
| the first chapter In the book of wisdom
In u letter to Mr. Adams, March II
| 1SlA, he says:
The evils of this deluge of pape
money are not to be removed until oul
| citizens are generally and radically In
Strueted In their cause and consequences
~ siyauv ~ MN i'ti,y 'nv i,,e,
a,i nud PP,iis a.
MI ~, @ i'. 'u, 80.
ni,nl bac IN ih,. say,s,., -, - ,''r,
To barter Ia the exchange of our property
lpr Mnht vi stnule', cuullnou iueHSuF
| fixed than the beads and wampum o
the Indian, and 10 deliver up our citizens
y ,nv'r p'vi'SgG amu fhelr Inpor' p4ssli
W Ia ~ t'',,is, ''4'Ns VI u"''A
Ia :, i,itnr tn LIN Al,,,s 5a,.a Y,
v.nl,sr = tSt1 ba 49,. u''sH wv
SIbe n,no. IriJJ. 4 ,ho, h,,.,. m,
IL v.bet ri, AMI o,,J ',i,. ~, In
| u,,, s.jn,s,d IT,. a." SIii,,,iy - III
ar intercst h,v. lnU,. fnr,,s,5, % Ca, ,i'' I,
Iisnstrons eflsrts are nj ~" ~. a. T.,
HAVING bssn forss"sn ~, vorn "a by,
ing under a dtopslrai fniln.ss ~ c;reI
lnfinr medium Nearly iii ~ 4, q ~,
collei in nv The banks u,Sn bo,a ~
regulation ~ tha safety v,iyos y 80 ~,
foTtiines. and WIN cnn,iS,s, and mi ~ O w
| fhem an their u.in ianJs In III 49, 49,
can moi now he sold far n vnar,s ,,s,,i .
In a lettrr IN Mir Rivas ,iatai VI,
her ~ iSio bc sovs' N"'s' GU
'srhc distressed nf nnr ,.o,,rt-y rrod,,,.
FIRST Inv the Hood then Ia, H., ii ~ ~ -.
| nnner arc sn,h az cn,, 80, IN n. VI ~ "
ihe intsrnosition ~ rho io,,isiat,,sy 'assss
| II We snffer tbe nor,i ~ ~, rro,,,,
| lesson Ia mass a,,,,. ,,.i,h,,,, iP.. Ss,h
| mont nv thp etarnni s,,r,,r.,,,i,., 'uspi.o'i
paper. then indeed e H. no,,d III p"' y
our country lesnerote. mill liz sla,,. i
vance Of public instrirtinn shnu eir., ."
our funcuonaries the wisdom of hai