Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-11-02


ne could take u large portion. n not
quite ail OF II. II IL were currency
ne could put Il all, perhaps. IN hts
slde pocket and get away with Il. II
the house should burn down, the cur
rency would, perhaps, all be destroyed,
, Mnhe metal money would not. Dur
,ns panic, which oftener breaks
panks IMAM any kind Of mismanage-
lneht' u the banker has nothing but
silver, which is legal tender his de-
rositors seeing II would be satisfied.
zen, nfty or a hundred thousand dol
iars OF silver packed up In and around
vault would inspire every depoSitor
with confidence. In alarm. he would
rush TO the bank 20 withdraw four
or hve thousand dollars deposited
there. with all poiiteness silver would
De rendered TO him and would have to
pc counted. Looking Mt 1t stacked up,
he would cool on and declare to the
banker that he had full faith and CON
hdence In the banks integrity and
soiNency, and would ask the money
taken back and deposit slip given
MIN for 1t. II he did not get over
his alarm. he would be laughing
spectacle crossing town with hts sew
eral thousand dollars Of silver in a
wheel barrow or cart IL
would almost be an impossi-
bank In this country where Its de-
posits We're all silver. yet this silver
would be in use as the measure OF
value with gold to supply the daily
demands OF the people. am led to
this conclusion by the statements OF
monometalists who tell US that % per
cent OF the business OF the country Is
done by checks, notes and on credit
In other words, at the bottom OF bust
no
nothing that could inspire more con-
fdence in the stability of bank than
legal tender indestructible silver dol
lars stacked up In piles where the
derositor and business man could see
1t. 1t IL different with gold and cur
rency. a banker in panic may have
u margin of few thousand dollars of
the amount due dcposltors In his
vaults, and yet be destroyed. When
a depositor calls for his money. the
bank must respond by payment II
the bank has not the silver. but has
currency or gold. or both, the first
deposltor making the run for It would
lead others. and they would go In and
carry OFT the money secreted on their
persons, and thus IN n few hours break
n bank otherwise solvent, Thus bust
ness confidence Is shaken. Thus good
institutions would be destroyed. And
there 1t goes.
Nlisers do not bury silver much, hut
they hide nearly every gold dollar
that they get. II has always been So
When the Bible says that 1t Is as
hard for rich man to get to heaven
as for a camel TO crawl through u
needles eve. II must have meant
misers and gold beetles.
The question among the people Is,
shall we have a single gold standard.
or shall we have blmetallism consisting
OF gold and silver as the standard
money OF the country? Men who are nj
ways speaking of silver as the dis
honest dollar" and are never saying
a good word for IT, may preach obi
as much as they please,
hut / know as their honesty should
admit. that they are for the single
gold standard In other words, they
are for cutting down one half the
metal money Of the country. In that
they would force the peo-
pie to increase their debts that were
made while both gold and silver az
the past were legal tender money Of
the country. Some of these men ad-
vccatng the gold standard tell us that
II the mlnts OF the United States were
thrown open to the free, unlimited
coinage of the silver of the world.
there would not be dollar added TO
me ElItulAtlOns OiNtTN KEN Us NflAA
10 the mlnts of the United States were
thrown open to the silver of the world,
all the gold would be run out and we
uld be flooded with silver dollars
These are contradictory statements
from responsible sources that am
not prepared to reconcile. II the free,
coinage OF silver Will not In
crease the money circulation, why
should gold glibbers" object to It?
t.at 4 IL a . .
the unlimited, free coinage would bring
the silver OF the world toflood us, what
would become OF those countries that
are using silver as their only money?
II you Will give to the United States
all the silver OF the world, II win be
the richest nation of the world and
viii he able to buy out all the countries
where silver is their standard money.
Il IL understood that the worlds sun
ply OF gold and silver is about equal
and always has been so. II we should,
by any method, get one.haf OF the
money of civilization, we might be a
little embarrassed for a while with an
jvcr supply OF the now very scarce ar
,icle, but by the time we got Through
with the other nations ] would like
to know what their condition would
be,
We are told that we can ,,c to Alex
leo and pay an American silver dollar
for dinner. and get back IN change 4
Mexican silver dollar with more silver
n IT, They use th as an argument
why we should not have free coinage
Of silver. They clulm that MeSlc,
would run all her silver In here on W.
Don't they say our dollar. With less
silver. IS worth in Mexico double a
Mexican silver dollar? Why, we could |
AXE all the silver of Mexico. and turn |
lround with II ana buy har .lu:. II she |
wanted to run her silver la here when |
The has no other Kind OF money, Il seems |
10 me that the United States could |
stand It. We would simply take her
Mexican dollars. put the United states |
,tamp on them. go buck IN there and |
guy everything that the Msxicans have. |
ust as we caa do now with the Aineri- |
AN dollar. Would not the ,.eople OF |
he United States by the deal make
inuble? II seems to Inc That this would |
,e a good trade for this government.
The very Illustration given, that the |
american dollar will buy twice as
i.uch In Mcxico as the Mexican dollar,
,oavlnces me that II the government Of
he United Staten would hold n stlff
Upper lip and declare herself iadenend-
nit of all the nations. rs she ought 10
~. she could MAKE the American dol
ar command fespce, ana nave equal
purchasing power In the markets of the
world.
Some ask us why II Is that there Is
such a Discrimination In favor Of thari
American dollar over IN Mexico. ~
ought 20 ask these same gentlemen