Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-10-25
STUMP AND TRACY ROUTED
CHAIRMAN DUDLEY SIMPLY ANNinI-
LATEs THEM.
Harrison Arrives in New York and
Levi VIII Ask Him 10 Speak Four
Timos--Dourisc Cochran I'm West
virginia Touring With Wilson.

found Col. Dudley, the obllglng chair
man OF the Democratic state exeeu-
tive committee. in the best OF spirits
and the most cheerful OF humors. To
the reporters inquiry II he had any
thing TO say In reply to Harry Tracy.
Col. Dudley laughed heartily and said;
ut makes me laugh to see these Pop
ullsts squlrming in their efforts to ex-
plain their record. II is evident that
my circular entitled "The Wolf in
/ Sleeps Clothing" has hit the mark.
| and 1t hurts. These fellows will now
train all their guns upon II and keep
up the bombardnent until election day.
/ They have fired this first popgun. and I
suppose others Will follow. OLD Cover.
nor Hardin of Kentucky used to say.
When you go into an orchard to got
fruit, always 80 to tho trees under
which you find sticks and stones for
these are evidences OF good fruit
the boys have been throwing at it,
THE Populists realize that their re-
cord won't bear investigatlon-won't
stand the turning on of the light, and
that my circular will bear good Demo-
! cratic fruit. hence they have already
begun throwing at IT, Why In his ef-
fort to explain, did MIR. Tracy begin in
the middle of my circular? Why did
not this boasted friend Of the farmer
tell the people Of Texas what induced
the Popullsts to be circulating cam
paign literature gotten up and fur
nished by the cotton seed trust re-
Gently prosecuted by Attorney-General
Culberson for combining against the
farmers? Perhaps these Popullsts now
have constitutional objections to the
antitrust law, such as Mr. Tracy gnys
| the Popullsts In the last Legislature had
| TO the bill to prevent railroads from
! Issuing bonds ON watered stock, and
! charging the people freight rates based
on such wntered stocks, | have always
understood that II Is the province OF the
supreme court to settle these constitu-
/ tional questions. Such objections were
raised In the legislature by the enemies
| OF the railroad commission law: tho
same objections We're pressed In the
| courts. but wero held worthless, and
! the cOnstitutionality OF the law was up
/ held By the greatest court on earth As
\ often us you catch up with a fellow
doing wrong. he will try 10 explain.
| Under some circumstances, 'eXplana-
/ lions are entitled to consideration but
there is an old and well established
1 rule of law that the self-serylng decla-
! ratlons of a,party are not admissible
In his own defense-that is party
cannot be permitted by his own decla-
ratlons to manufacture his own de-
Tense.
1.-THE constitution OF Texas. article
II, section 6, provides as follows: No
corporation shall issue stock or bonds
except for money paid, labor done or
property actually received, and all nctl
tlous Increase of stock or Indebtedness
| shall be void
1.-The object OF this provision Is clear
II is to prevent corporations from Civ
Ing away their stock and bonds, or.
IA expressed I'm corporation parlancc
from putting in their friends on the
! ground floor as was done In the Credit
Mobelier fraud. The senate ana house
| bill 227 which VIII be found IN the acta
| of the legislature Of 1898. page Dc, was
passed to put in operation this cunstl-
tutional provision. Section limits tho
Issuance of stock and bonds by rail-
roads to the reasonable value Of the
| railroads property, except In case OF
| emergency. on conclusive proof shown
TO the railroad commission Tint public
interests or the preservation OF the
property demand Il, when the railroad
commission may permit said bonds
together with stock In the aggregate to
be executed to an amount not more
than so per cent over the value OF said
property. Every schoolboy II years Of
! age can see At glance that this would
not be a fictitious increase OF the stock
or bonds OF the road, and does not
! billion. Besides, section IA OF the act
a. l..a.
declares that there Is no law adequate
TO protect the public against its viola
ton. and that securities issued in vlo-
latlon thereof alike defraud the tax
payer and the investor. and crentes a
public necessity and emergency requir-
ing the suspension Of the constitutional
rule requiring bills to be read
| on three several days; yet
these Popullst reformers try
to excuse themselves before an offended
| people by quoting their own self-sery-
ing declarations that the bill Is uncon-
stitutlonal.
"Mr Tracy asks me about the con-
solldated charter OF the Missouri. Kan
sas and Texas railroad, the workings
| OF the railway commission, ana some
thing about the Southern Pacific rail-
way. These acts were passed before
the last election were fully discussed
before the people Of Texas. during the
last campaign, and were ratified by
the people at the ballot box by an
overwhelming majority ] believe In
the people. and that they are the
source OF al power. and l have no
disposition to set aside or 30 behind
their verdict.
but this dlsscminator Of Populistic
heresles wants TO know why ! have
taken tho Clark people of the stump.
In the flrst place. would like to
know what Interest Mr.. Tracy has In
tile followers Of Judge Clarke He. the
man who has abused Clark and his
followers ON every stump In Texas;
why is he so concerned about the
Clark people as TO be ready TO shed
tears over an imaginary treatment Of
them at my hands which never did.
and never shall occur? II Is very
much like the devil weeping over
angels. II Mr.. Tracy Is permitted by
HIS party obligations 10 read ana had
taken tho trouble 20 Inform himself
he would fnd number OF gentlemen
speaking In Texas who supported
Judge Ciark-snch gentlemen as Jona-
than Lane. II. NJ. Garwood. cX-Gov-
ernor Hubbard, Louis j. Workman
w &. Henderson and number OF
others. Judge Clark, himself accord
ing 10 his letter to me. would be In
the thickest OF the battle but for the
serious Illness Of his child.
while on this subject OF speaking
/ may remark that ! have been re-
- a.. . = a. 49,