Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-09-24

4 L.
North Carolina. South Carolina. Geof-
gle. ave, 3: New Jersey, Maryland. no.
~
/ have read verbatim the language OF
Mr.. Madison. SO you see, my friends,
that the constitution not only falls to
give congress the power to issue paper
money but that when the constitution
was framed this power was proposed
to be given and was voted down. 1t
was asked for, and denied,
They Were Patriots.
The men who framed the constitution
Of the United States and who, as you
see, refused to give congress power to
issue paper money, We're patriots and
statesmen. They had risked their lives
in defense OF their principles. They
were among the wisest, the best and
the greatest men this world has ever
seen. i think that you will agree with
me In saying that we can much more
| safely rely upon their judgment than
we can upon the judgment OF the can
didates for county offices upon the Pop
l ulist ticket.
You see, my friends, that Democracy
| stands today Just where our fathers
stood upon this money question, and
| that II is the Populist party that has
| gone astray and is worshipplng false
| gods.
But what did Thomas jefferson say
!
deeming paper money. on the 9th OF
November. 1856. he wrote to his friend
| Mr. DeCheveeur as follows: Congress
| has as yet come to no resolution as to
| the general redemption OF paper money.
That It is to be redeemed Is a principle
OF which there Is no doubt in the mind
OF any member of congress-, nor Of any
citizen Of the United States" / read
from page OIL vol. 2. of Jefferson's
works Here II is, my friends. If any
man doubts It. come up and read IT
for himself. Mr.. Jefferson says. That
paper money must be redeemed is a
principle not doubted by any citizen
Of the United States. Come, my Popu-
list friend, be honest with yourself,
quit saying that the Democrats have
gone back on Jefferson. and that the
Populists are his only followers.
By the words of jefferson, 1 show
you that this is not true In letter
to Mr.. Darlington dated May "a, 17sS,
| on page 400 of the same volume of his
works. Mr.. jefferson says: THAT pa
per Is poverty. that It is only the ghost
Of money, and not money itself"
Come up here some Populist and see
that l have read this right You who
have been swearing by jefferson. II
you propose 10 follow Jefferson, You
must get out of the populist camp.
He says that the kind OF money which
you people advocate is poverty-that It
! y.
'money itself.
They did not foresee the long con-
tinuance of the war, the almost total
suppression Of their exports, and Other,
events which rendered the PERFORM
ance of their engagement impossible
Paper money continued for a twelve
month equal to gold and silver But
the quantities which they were Obliged
to emit for the purposes OF war ex-
ceeded what had been the usual guam
tity OF the circulating medium. II be-
gan, therefore, to become cheaper or,
as we expressed &C. II deprecated, as
gold and silver would have done had
they been thrown In circulation in
equal quantities. But not having, like
them. an intrinsic value, its deprecia-
ticn was more rapid and greater than
could ever have happened with them. In
two years 1t had fallen to two dollars
OF paper money for one of silver; ia
three years to four for one; in nine
months more It fell to ten for one. and
in the six months following that is 10
say by September, 1873, 1t had fallen
to twenty for one.
ghc omnhn Platform.
My friends, these are the words of
the immortal Jefferson, II had time l
would read them over to you again, 10
that no one, not even a Populist could
mistake or forget them. 1 ask my
Populst friends, who profess to believe
in Thomas jefferson. what do you now
think OF the Populist plan to flood this
country with irredeemable paper
money! But some one suggests that
the Populists do not propose to dc
this; that they only propose to issue
money up to fifty dollars per capita
The Omaha platform does not so de-
clare. Here II Is. Listen while l read
1--WE demand that the amount OF cir.
culatlng medium he speedily Increased
to not less than fifty dollars per cap.
ita."
The platform says that the clrculat.
= ing medium, as Populists call paper
money shall not be less than fifty dol
= lars, but 1t nowhere limits the amount
So far as this platform is concerned
; II may be one hundred million dollars
3 per capita. This same platform de
} clnres that the government shall Issue
money to the people at a tax Of moi
more than two per cent per annum
! and also in payment of its obligations
for public improvements,
5 II the government is going 10 loar
money to the people no discrimination,
should be made; all should be given OF
1 equal chance to borrow, No favored
class should be created, All OF tn,
= people must be treated alike. All sec
Y lions must have equal justice Il there
Y OF money in circulation would only b,
: limited by the demands of the Dor
[ rowers.
I At fifty cents upon the valuation o
! property, Texas alone would be en-
i titled to over Ave hundreds of millions
} OF dollars. l do not take into this cal
culation that portion of the cOnstltu
, ton which prohibits mortgages upor
:, homesteads. Such an argument has n,
I weight with Populist. What do the,
A care for constitution? Have you eve
n heard one OF these self constitute,
statesmen so much as refer to any con
, stitution? Upon that subject they ar
!, as dumb as an oyster and as silent O
the grave.
!, We stand today on this money ques
= ton just where Thomas jefferson
- stood-as I have shown YOU by hi
y words
: Let us go step further and Sc
: Just what Thomas Jefferson thought .
= the Populist plan for the government
:, ownership OF railroads
y In the days Of Jefferson there wer
: no railroads. but the question Of IN
{. CROWI EY