Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-10-03

states, etc, 80 per cent OF assessed
valuation OF property Is estimated to
require exceeding ti2 100000.
Representative Clover's bill (No. sAvs,
lrifty-sooond congress- Is varlously esu-
mated 10 require the sum OF from ~
100000 10 sl5. 100000, say. Sl0.00o,0OO
Senator PETERS bill CNo, 800 to loan
not exceeding $4,000 to any Individual
applying having real estate security
provides for an immediate Issue Of not
less than I00,00o00o, and an ultimate
issue Of much more. but 1t Is not estl-
mated in the total. being similar In
principle TO House bill, 1885. above
quoted.
Representative Kem's bill CNo. 5ii6)
where not included In previous esti-
mates, would require an Issue OF not
less than $1,000 100000.
Mr. Watson's various bills are not es-
timated. being included Ia their princi-
pies In previous estimates.
Representative liudsOn's pension bill
III. Il. also would require the immedi-
ate issue Of Si,5O0,O00OQO.
Representative Davis Industrial
army bill III. II. 600 would require an
annual expenditure OF $500 100000
Senator PETERS charity bill Is. 1900
appropriates s6.3o0.0OO. =
Representative Boen's bill III. II.
790S), for Internal improvements, APP
proprlates $500 100000. with an annual
appropriation In addition.
Representative Boen's bill III. II.
57i5) to eNtermlnate the Russian this
Tie appropriates 100000
Senator Peffffer's rain water bill No.
1885 makes an appropriation Of $780,
100000
Total, ss5,6O1, 800 900.
"These estimates do not include any
duplication nor many Items OF expendi-
ture proposed In the bills named, nor
do they include salaries OF the thou
sands upon thousands OF olitlais to be
appointed under their provisions. As
the total estimated money Of the
world, including paper, gold, silver,
copper, brass and iron tokens does not
exceed Si0i0O.OO0,0 900, It appears that
the amount OF money called for by the
bills named Is nearly i've times the
volume OF the currency OF the world
what our paper money would be worth
under such circumstances any one OF
ordinary intelligence knows. II would
be worth nothing at all,
ION July 9, 1884,, Senator PETER sub
mltted a resolution, OF which the fol-
lowing 10 a copy
I'm view OF existing social and busl-
ness conditions. and by way OF sug-
costing subjects for remedial legisla-
ton; be It
Resolved, by the Senate OF the
United states,
l. That ali public functions ought
to be exercised by and through public
agencies.
.. Thut all railroads employed In In
terstate commerce ought to b. brought
into one organization under the con-
troll and supervision OF pub
lie otlicerH; that charges for trnnsportl-
ton OF persons and property oueht to
be uniform throughout the country;
that wages ought TO be regulated by
law and paid promptly In money.
Q, That all coal beds ought to be
owned and worked by the states or by
the federal government, and the wages
Of all persons who work In the mines
ought to be provided by law and paid
In money when due.
I, That all money used by the people
ought to be supplied only by the gov
eminent OF the United states, that the
rate Of interest ought to be uniform In
all the states. not exceeding the net
average Increase OF the permanent
wealth OF the people
8. That all revenues Of the govern
ment ought to be raised by taxes on
real estate.
TO carry out the provisions OF this
resolution would require at n very
moderate estimate some fifteen Bill
lions OF dollars, making the total pro-
posed expenditures upwards OF fifty
billions OF dollars.
Among the other things that would
follow such Legislation will be seen
that the enormous amount of money
I necessary "a carry on the government
Is to be raised wholly and alone upon
real estate.
IAre the farmers OF the country
/ ready to add TO the burdens they have
[ by Sun further tax to carry out
/ these plans?"
! The Populists pose before the country
as an anti-monupoly party. The
| Tyenty-third legislature OF this state
| passed law entitled AN act 10 de-
l fine the franohiaes: to make public tho
value or railroads: 20 make effective
7 section 6, article " OF the constitution
/ " the state Of Texas; 10 declare the ef-
/ feet OF judicial aud other sales OF rail-
[ roads; to limit the amount Of stocks
/ and bonds and other indebtedness that
may be Issued by railroad companies,
and to regulate the manner OF issuing
/ registering and securing the sane: to
1 prescribe penalties for violating the
provisions OF this act, and 10 prescribe
the dulles OF the railroad commission
and the attorney-general in relation
thereto'
The necessity for the enactment of
'uls law WIS Drought about by the
almost habitual Issuance by the rail-
road companies OF what Is known ns
watered and fraudulent stock aud
bonds. That the Importance OF this
may be better understood, your atten-
tion is called TO the fact that between
four and live bllllonR OF dollars OF
such fraudulent stock and bonds have
been issued by the railroad companies
OF the United States. The interest on
$4,000 100000 at 8 per cent per annum.
would amount to $226. 600 900 annually,
You can see what the OBJECT would be
on the country II It's commerce ia 10
be loaded with freight rates TO meet
the annual interest on such a sum. and
for the ultimate payment OF the prln-
c'pal. The object OF this law was 10
prevent such a practice in this stnts
IN the future. ana TO protect the peo-
pie against this system OF wholesale
robbery, This law was finally passed
by the house OF representatives on tho
9Th OF April 1898. by vote OF az yeas
to 81 nays. There were eight Popnllst
members OF the house. seven OF them
VIZ. Barbee. Burleson. Cain, Calhoun
Cooke, Floyd and Griffin. voted AGAINST
lts passage. Darow, the other mem