Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-04-29

Tor mlntegc. The questions which are
leit indefinite are whether this double
coinage shall be accomplished by a
reimbursement OF rati Is BY International
agreement or by safeguards Of leglsla-
ton.
The joinder OF issue between the
Democratic and Republican parties on
the question ~ tho tariff was So sharp
thal the cainpniM for the ilfEt time IN
more IMAM thirty years put the Demo-
cratic party IN control OF the presi-
deneS and both houses OF congress.
During the last days OF the Harrison
administration the gold IN the treasury
ran down very low and the difficulties
OF maintaining the reserve rapidly AS
sumed more gravity This drain con.
unucd after the inauguration OF Prcsi-
! gent Cleveland, and IN two months tho
4 gold reserve was reduced Ia less than
the limit ot one hundred millions, which
the treasury custom had assigned Tor
redemption purposes. The issue u
treasury notes under the sherman law,
coupled with the determined purposes
Of the administration 60 redeem these
notes IN gold, furnished New York op-
orators n ready method OF obtaining
all the gold they desired for shipment.
Between May 1, 1892 and July 10, 1893,
about s5t,o0o,0o0 OF these notes wore
issued for silver bullion. and during the
same period about $4,000. 900 az them
were presented Tor redemption in gold
india intensified the general strain hy
stopping the coinage of silver IA June
last. That country mad used "A ooo oe0
ounces OF silver bunlon at,nuntiv y5hue
this country was using q O0D On6 n,,nccs
| annually under the sherman law. ana
by It's action made conditions. In the
estimation OF the president. more pre.
carioua Under these circutnstanees he
called congress together In extraordln-
AIRY session and prrssed with nh ia
Nlsor at his command the repeal OF
thu law which provided for silver bur.
chases The frieuds of glivsr tnada no
objection To the repeal OF tbnt law NM
insisted that IL should he siinulinneous
~ reulaced hy leuisintiott which ,,,n,1d
give silver coinage rrpornition ANA I'm
claims OF IT'S advocates a trial They
wanted free coinage on the old plnnd
bill, which had worked sn ,yeii ar f,,r
Their coinage up 10 a snncIuc limit aa,,
$500. 000. OOU. or something when wntiId
| provide expulsion Tor The curreue,, and
save the country from Tho dend ievrI
of gold basis.
hut the president wns uncoru uron,is
ing, and after Considerable DELAY an
November l. 1897. the purchnsinp, cin,,.,
OF the sherman law passed on tho stnt-
ute books
,
rug Sci@h'"r"Ee mn
At once the sperIni session ndtnurned
| The regular session convened in ne.
ccmber. and the congress now In ses.
| sion has In further ofrort 10 revive thp
| movement OF silver. pnHaed the seirn.
| forage bill OF Mir Binnd which nro.
| Nded for the coinage OF tint silver hi.
| lion now In the treasury Ia excess ~ nm
amount sufficient Ia make INC siiv,r All.
| lar of the established weight f,r pve,,,
| dollar outstandiup In trCnsury nntns
| In other words 10 coin tho s,i,nnts a.
| bullion not necessary 10 redeem In
| stnn,lnrd aiivs, J,ils,s, ~, Mo- , ~
/
! president refused 10 give lila nnnrnyi,1
| to the yrirnlgrnp. NH ,pbe u,,n,sss,.,,
! two-thirds majority oouid nnt hc *.
tpined to override HIS veto and thr ooin.
| age supply OF the United stntes ia nu,,
| lcft where thr r.n.ni httl ~ ~ NJ
vomber piaeed Il nntirsi,, dsno,,do,,,
| tipon Tho puld bulli,n ,y6ich nav Ia,
| presented AZ our tnlntg
Such are ia brief ihp conditions ,,hto,,
now confront ,ig. The secrrtnrv az thc
treasury cum Issue United staten bonds
| which load the people win Inc b,i,icr, a.
| interest Tor yenrs la come mi nnt a
dollar Of government obiipntinn "a c,r'
| culRte as money. nnd mss fro,, b,,,,d
| to hand. free Of Interest Tho mint az
the United states can be worEed at
the public exucuse Ia cntn ,nId 10, ~
| charge for nny man IN no ,vgrid Nm,
| presents IL but cnnnot ~ nny r,,ut
| coin an ounce OF silver dug from Anar,
lean mines by American labor W. ar.
at last where the money power Inns boen
driving the Industrial forces Of ths
world for IA hundred yonrs
In this situation the ouestion IL ybnt
ought the people to do? What ought
Texas 10 do? In general terms there
Is but one answer; we should nnd the
| right and steadily pursue H. There a.
no safety either IN public or private Ma
except in being right. II the policy
now reached ia right we should cease
our sham devotion To blmetallisni and
boldly recant our protestatiuns IN It's
pehelf. but II 1t IL wrong We should
condemn and rcpudiate It, though every
potenaie on earth should frowu IL Il
FOR tue well-being or Texas that our
country should be limited to gold coin
nke as us only source OF money gupply2
we need not discuss the abstract ques-
uonn OF standards Under present con.
uiuohH, such a. discussion would be
Wlue VI mo marx But the issue now 10
pne 81 hiteInutlFeH. Shull we hight the
patiie OF eolnuerelal rivalry with the
nnliohs o. EUROPE on the ground which
ny nav CHOSEN, or shall we pick
h.ouuI OF Sur own ahall We accept
ny vN'Vt " Wy money power against
, 0d 9"s ~, w. rtslHt ~
~ ~, NY t"!nllar with The nNio-
/ 1IlnnGN a IA