Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-09-05

a monometAlisti do not heliNc IN the
disuse of either Of the two metals named
IN the constitution. but the closer COM
mereial relations Of nations which makes
the advance OF civilization, makes inter
national concurrence in free and un,im-
tied use Of both metals as money more
desirable, X not absolutely necessary. l
favor the free use Of silver which comes
frem International coinage upon com
mon basis, or an agreed ratio. Gold has
no money function in itself any more
than silver. Both metals are the crea-
lion Of nature, while money Is creature
of law. The people want silver: SO do l.
The people, first Of all. want all our cir
culatins medium, whether gold, silver or
paper, OF equal value. so do |. The PEG.
pie are more interested In knowing that
their money Is nll good. and that Il will
continue so, than they are to know the
material out Of which Il is made. There
Is no ground for believing the present
situation was brought about by q scarce
ty of money In the country. II is in the
country, but not In circulation, The
trouble Is the serious impairment Of con-
hdencc, which has caused the boarding VI
money, and il will remain out OF circu.
laiion untll In some way confidence Is re-
established. 50 long as the Sherman net
Is on the books we will come no nearer
free coinage than We are now. The Amer
lean people do not desiru a policy In ref
tltutt 10 HlANtlt tlllff hN CONTINUING the
purchase of silver bullion or by the adDp-
ton Of free coinage, which will result In
driving all the gold out OF the country.
and making this silver nation This,
the majority will not and ought not TO
submit 10. The repeal Of the act Of 1890
does not make gold the standard money
of the country. II Is the unit Of value
now. II was made so by the act Of 1879,
The United States alone cannot In my
opinion. maintain the free coinage of sil-
yer. unless we are willing TO become Il
silver nation. and drive gold ont. What
We want Is an International agreement
securing the use Of both metals aud free
coinage on an agreed ratio, aud II we re
| peal the net Of 1870 and stop the pur-
chase Of silver. ! believe we will not get
The policy OF piling up silver bullion
| is not wise craftsmanship. and in a
| little while II win surely be stopped.
| There Is now a strong party In England
| IN favor Of bimetallism and the remone-
tixation Of silver. When England finds
she no longer derives an advantage by
maintaining a gold standard ! trust and
believe She viii join other nntious in
favor of u bimetallic standard. The
| United states must adopt q financial
policy which will DO oven justice between
ull classes and geographical divisions,
| between debtors aud creditors, between
tllIApNtAW anu flNIlbNfNs NNlnVhAntAN
| with that section OF the Union which
| has been found SO rich IN mineral, cop
| per. lead, silver aud gold. and which has
| contributed 20 the world so many nil
lions of the money metals. The people Of
| these states may well he excused foI
the manifestation Of intense anxiety
| The hardshlps oyer,same aud the won
derfu progress made by the patriot,
settlers west Of the Missouri, " written
up, as II will be, will form one Of the
most thrilling stories In the whole pro
grcss of our race. As one humble rep
resentativc Of the commonwealth Of "
liaOis. abe richest, most popnlous and
| commercially the most powerful Of IA,
| central states Of the Union. closely iden
| tiled in It's commerce with oil the state,
west of Il, as well as with those of tho
Enst, North and South. ! shall regret
| If any action we may take on this OF
| any other question shall prove IN any de-
! gree injurious tn these brave and patri-
| Gtic people But it seems 20 mo thai
1t Is important to secure a settlement
Of the silver question upon some enduring
basis, other than TO leave Il with the
| act Of 90 In force, which surely cannot
| long stand, Secure free coinage " pos.
siblc through international agreement
and YOU viii be- on basis which will
endure. Free coirnge In The United
| States alone means recommendations, and
Il means all silver and no gold.
There has BEEN much said ahout the Mt
titude Ot the two great parties ns un-
| nounced IN thir platforms, In my action
! am not prompted by any political plat
form I shall act rs my Judgment die
tates. 1 will vote for repeal because Il
may help restore confidence even though
the act did not have much part IN pro
ducinE a lack Of n. 4 year ago the con.
iition Of The government and It's treasury
WIS satisfactory and the credit of the
nation at The highest point ever attained
| IN its history. The credit Of the nation
was higher aud better Il year ago than
TINT Of amy other government on tinan'
cial institution on the globe. What rs thu
spectacle which confronts us now and
| commands our 0ttentionf The credit of
Jour national government Is chilled in
| question for the first time since the out
break OF the war, and the commerce OF
| the country reduced. Factories are
| closed or running on half time, mines are
shut up and million men are unetn,
! plOyed and willing TO work for even hall
the wages they received year ago. In
| November, 1892, the election came on,
and the party now in full possession OF
| the executive ard legislative branches Of
| the government tfiumphcd. II came in
| as the speakers on the opposite side Of
the chamber have repeatedly said. pledged
to the repeal Of The protective iarih laws
/ Of the country. pledged to oyerturn the
policy under which our industries and re-
! sources have been developed, pledged "a
the proposition that any protective tarfi
| Il Unconstitutional and IL u robbery Of the
many il benefits. pledged 10 oyerturn the
national banking system. which furnished
the best paper currency TO the people ule
country ever had. by the repeal 81 the
| 10 per cent tax on state bank circulation
| and still remains In force. Whyl Because
| me product OF the mines has become -
| ch up. Notwithstanding the TACT the gov
ernnient has becu buying 3.JOOOOO ounces
n,r month II does not pay 20 produce
silver al rs present price. II the govern
| ment continues 20 purchase silver bullion
under the law II will BE- mainly foreign
silver instead Of our own.
The interest Of the people requires 2
sound and stable currency ana 70 pu'
Il bcyand all danger OF becoming de
based we cannot afford 10 experiment "
the adoption OF a doubtful policy. W.
want no fat money. We want a dollar
intrinslcaly worth 100 cents he world
over. We want 4 system Of hnanct
which will not involve tire treasury de
partnent 10 constant danger We wsnl
10 rid ourselves Of the idea that all that
4 necessary TO make money for the PEG
ne Is to print q promise 70 pay and pnll
NE government stamp upon g. We WI
Tins be serving the government faith
fullv and will equally well serve th'
business men. the iO.lefs and all classe'
Tbs estahlshment Of state banks viii
r,,usr currency different IN and pecu
lar 10 every state and current Eowher'
nYcaut IA The neighboFhOod Of its issn'
ana AZ 4 discount everywhere, would b.
rninous What wonder when The com
try realized what had been dons IN Sc
curing this change o. policy that ~