Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-09-30


anxious 10 restrain corporate greed
and bride corporate power rejoices In
the successful termination OF the It'll
CATION which involved the life Of the
railroad commission and recognizes It's
lnestlmable value to Texas. IL u true
some individuals welded 70 corporate
Interests and opposed to governmental
interference with railroads by owner
ship, or regulation. Eject TO see moth
Ing favorable TO the state In the re-
veraal OF the unjust and Illegal de-
creea OF the Federal court destroying
the commission, but II was reserved
to leader OF the Popullsts 70 de-
clare the real Views OF the political
party In published interview at Dali
las on May 20. that the decision OF the
supreme court "sustains the Populist
position that no commission Is worth a
cent" The Populist platform declares
for a commission coupled win the
statement that government ownership
Is the ultimate solution OF the railway
problem. and In connection with this
open declaration OF it's value, Indicates
that the Popullsts ARE lnsincere In their
advocacy, believing the agency worth
less, snd II charged with the execution
OF the measure would wink at Its fail
ure IN order to advance their ultimate
remedy OF state ownership.
The services rendered the people by
the national Democracy since given
control OF the government in 1893, are
important and valuable, and worthy
its past history. The oppressive and
unconstitutional Federal election laws.
intended for Southern political en-
slavement, were repealed and the free
dom OF elections restored. The pension
laws have been administered with "A
patriotism and flrmness characteristic
or the policy of the president upon this
subject, and under which pensions
were reduced nearly $4,000. 900 the past
year. Six hundred offices have been
abolished and the expenses OF the gov
crnment reduced annually S28,B35 800 10.
There are In circulation in the United
states Sll20,552. i56 In legal tender
notes, gold ana silver certificates and
national bank noteB Though circulat-
Ing and used AZ money. and though
part Of the property OF bunks and
other holders. tho policy OF fsyoritism
TO banks and the money poser OF the
Republican party long exempted these
iDstes from tpXution BY tho states.
Iiy the act aprJyed by the president
August IS. I 1, they are now taxed.
the act providing 'ihat circulating
notes OF national banking Associations
and United States legal tender notes
ana other notes ana certificates OF tho
United states, payable on demand aud
circulating or intended to circulate as
currency and gold silver or other coin.
ahull be subject TO taxation as money
ON hand or on deposit under the laws
pf any state or territory" Provision
was mndc for The collection OF Tux OF
= per cent annually upon the gains.
prphta ana income OF every citizen OF
the United States wherever residing
above $1,000. A like tax was provided
nnnn Ints al
OF every bualncss. trnde or profession
carried on Ia the United States by
persons reading without the United
states ANA not citizens thereof: md
also q tnN OF . per cent ON the net prof
us Of income OF corporations II h cs-
lmaied this tnN viii Yield n revenue of
$louOoOOO the first year, and that after
wards the amount win incrense with
the perfection OF the syatem. 10 those
OF va who believe the Federal govern
ment ha1 no power 10 levy duties or
other taNea beyond the needs Of n
frugal administration. the new tariff
law II not satisfactory. vet 1t III a step
M the direction Of reduction OF dutiea
TO a revenue basis and n of vast bene-
ut TO the people,
Under It tarlff taxation IA reduced
$bi'Os3G36 10 The nverpge nd ynlorem
rate of duty "a 3GS per cent yyhlIe
go 'th.N W 1880 II WAN flslN. under
the Mills bin l23g and under thc Mo.
kinlcy law i9.5S- Two OF the most i'm.
portnnt ana valuable featureH Of Tho
law are the reductions in duties. which
should greatly lower the cost OF cioth-
ing and other neceaanriea and OF agrl-
cultural Implements a deputy np-
pralaer Of the port Of New York estl-
mntes mat the law Will save To con.
Alllnefa on the wooden schedule nlone
Sl63h3lOOO Lumber aud suit In pll
FORMS binding twine, cotton tics. BAGS
Tor grain and buggng for cotton ara
| put on the frGJ Hist. Plows tooth and
disS harrows, harvestcrs. renporg. neri.
/ cultural drills and planters. mowers
horse rakes, cultlvatOrs, threshIng ma.
chimes ana cotton gins are put on tho
| Tree list with reciprocity frnttire
These provisions viii prove Of lnenieu.
liable value to the farmers.
INC act providing for the coinage al
the silver bullion IN the TREASURY pur,
chnscd under the Sherman law and In,
seignlorogo arising thercfrom was MOI
| approved by the president but II viii
be gratifying TO those who favored IN,
measure 10 Know that It Ia being colnct
pntuuan the provisions OF that ac
1 AT the rn- 1t l6 to I, and that lt Is ii
such quantity as 20 probably tax IN,
! capacity OF the minis for some time
as shown by this extract from letteI
I Of Secretary Carlisle to me, datet
August so.
81 have the honor to say that stand
ard silver dollars are now being coine,
by the minis ut New Orleans, Phila
delphia ana San Francisco from silVe
bullion purchased under tho nc, o
July IA, 1890 comrt My known as tn,
Shormen law or such bullion ther,
was on hand Mt ihe ta OF the repaa
OF the purchasing cause OF that nc
November l, 1880, lac, SPY. sos I'M
ounces, costing Sie6 7bS. gS0. the coInini
value ct which IN silver dollars at tn
existing ratio would be StAl,9l 1851
TITS would give seigniorage or ap
parent profit OF S55, 15d.6Si.
The average cost OF the silver bulliol
purchased under the act of July ID
1890, on hand November 1, 1898. whel
the purchasing clause was repealed
was S00OO1 per fine ounce. At mi
rate the cost 20 the government OF tn
bullion GA IL grs) contained in
standard silrcr dollar was 90 7-l0 cent?
k.ving aeigniorage or apparent prom
ON each dollar OF 90 $40 oSnts, but Ii
fnct the bullion contained IN silvo
dollar Ia worth n little less today thai
~ Ctrts. In the absence OF any spocl
tic authority { 'om cong ~ 60 Set asid
and coin separately n sufficient uunn
THY OF the rilver bullion purchanc,
under the act OF July II, 1890. To max
the amount OF solgniorRge that waul,
! a. h.