Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-10-02

created in the value of gold by
change OF ratio then the creni.ors
could demand the higher money nv
condition would ba worse slNsl
should ROMAN dcmcnetized OF = sha
standard be permanently noopteu-,.....ee
creditor could then demand and receive
interest bearing new bonds, for me
government would be without ihones
20 meet them.
Al the bottom OF this fight on silver
IL this bond question. II silver ana Bolu
remain in circulation the goVernil,ss..e
can pny Off the bonds Mt mhtuIl.y'
Otherwise II can not WIN inc pus
ment OF the bonds tho national penhs
expire, for bonds are their sous ens
hearts that give them existence ~ NJ
breathe life into their circulation. inis
forces them also into the hght. y ue
congress were TO pnss a law eNtei,u,ins
the payment OF the bonus ioI ~ t,a
or forty Years by consent OF the hold
era. the war on silver would cease, 'ne
mItits would fly open free as OF olu 10
both silver and gold Mt lts ratio OF 10
10 The people therefore had as wen
prepare themselves for the LONGEST not
test. most interesting and cxclting cam IN,
paign ever seen or heard Oh on t"e
American continent 49,
before 1907 the creditors Will unrelent-
ineiy strive TO produce disparity pc
tween IL and gold, so MS TO enect
change Of ratio. or derive some oulel
equal advantage leading to the reissue
of their bonds. -.
Many other considerations move nle
10 advocate The maintenance OF silver
on nm euunllty with gold MS standard
money" There can be no stronger
one than tho universally admitted iaet
TINT we have not money enough ~
United States bonds are pnyapie IN
'stnndnrd moncy''--silver ana goln. ~
currency--paper money-,uniteu slhtn'
trcnsury notes, silver ana goa eet.ln
Gates nntlonal bank nutes, ana hilNer
,,,,rcb,He notea--nre payable or rodeem-
able nv the government, or through lts
agencies, In standard money mhae
of coin,
Authentic reports show that N .'I
whole United States tho stock OF boiu
nagrcgateh $3.50 100000, while the htoch
Of silver amounts 20 only sgio'VvV'vVv,
making the supply OF stanuurl IhonSs
on which tho government anu peoP'o
fnuat base all business foot up the sum
total Of 81 22q uO0O00. OF THIS umouh''
aec,rding TO the report Of the secretary
Of the treasury, for lust August, there
ROMAN Ia the treasury gold coin ana
bars. $500. $50, 8G9.lp, and bilver bars anu
coin. S5l3lG7 33O.4i, or total OF }oSt,.
0b3 1926. Subtract TINS amount OF
metal money hUarded up an cash III tIle
treasury from the supply OF 'ainndaru
money" mst named. and we ind In
circulation, ON which all buaineHr'
debts. dues and demhnda are based,
the pltifm sum OF SSai,nt5 S00.0i In Rold
and HilNer. The reason or excuse Tor
holding .hia large amount OF over hali
the silver and gold In Tho United
States treasury "a 80 "eover' ouistana.
ing "demaud liabilities" Huch aH GOLD
certificates. certlncntes Of deposit sll-
vur certificates and treasury notes. IN
other words, for every gold and silver
certificate. treasury note and ceruucate
OF deposit in circulation as paper
money tho government retains IN the
treasury as cash" SILVER or gold
doll ar with which to take It iip, 10 pay
Il on demand. when we are told mat
the money supply In circulation IN tho
United States amounts to S2,2a5,bali SsS,
great allowance should be made ior
the statement. All this so-cnlled
"money" except the Si,229, 100000 gold
ana silver. IS paper money" TO the
REDEMPTION Of which IN STANDARD
money" the faith OF the United States
stands solemnly pledged. This pa
per money" aggregates tl,0O9bQl SJS
Pay It on with The Si,220,p 900 stock OF
silver and gold. and the government
n IL owned NIL the metal money, would
have of the two metals In cash and
bullion on which to transact business
the remarkably small sum NJ Sa20,OO0,-
900 Should the silver money be paid
on In gold ae some contend " must
be- then the government would stand
sS65, 900 600 less than any money at all
In all probability before 1901 the
governm ent WIN be called on to redeem
or pay or AN these notes, certificates
and bills. rhls done, where would the
government got the coin or "atandard
money" of both gold and silver or
either to settle or take up the $685.
Oi2,670 lntereat-hearing bonds that are
10 fail due at that timer The yenr
1907. TO say the Toast, seems TO have IN
store FOR the government and the peo-
pie many curious financial problems.
Can they be solved or worked out ON
the single gold basiss Can such com.
pllcationH be slmplined by striking
down ailver3
From the light OF additional eondl.
lions take u view Of this money ques.
ton Look at the ''money supply
from the standpoint OF state, municipal
and corporate indebtedness alone. Tn,
last census and other accepted asthur
lily show In the United States the fol
lowing colossal debts:
Stntcs. counties and cities s 1,1S6, 2i0.ii
Railway stuclss aud honda II .0Ss, a3s, G0
I.eal estate MORTGAGES. -. 1904, sT7, 10
------------
Total ................ ..S2L8la .O2t. "a
Tho nveraqe rate NJ a nor re,, ,nt,r