Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-05-27

II we ate to pay In gold our Promises
We suffer therefrom precisely Ms II We
had promised . pay in bushels and
the size OF the bushels were conununl-
~ Increased By the action oi govern.
inent For more than ninety years In
the United States there was on ma
terial. difference between the two met.
ais, and there was no difficulty In
maintaining their parity rs clroulat.
Ing medium. From 1894 10 iSsa silver
had been coined at a ratio Of IL 10 i,
IN 1863, when by that recognized fraud
In LEGISLATION which Is too familiar ID
the reading people OF Texas to requir,
discussion, began The manipulation Of
the finances OF this country In the In
tercst OF the foreign and Eastern bond-
holders. for the purpose as It IL now
apparent by n fraud upon the rights
OF the people TO Increase the value Of
their holdings. by which fraudulent
proceeding well informed statesmen
and statistlcians were OF the opinion
that this act passed In the Interest OF
bondholders and credit classes lncrens-
Cd the value OF the bonds OF the United
States not legs than s50o,ooo,0Oo. by the
reduction Of volume aud kind
OF money out ~ which they
were to be paid. and by
thus reducing the value Of property
and labor out OF which and by which
they We're to be paid. This was the
first great atep which was taken IN
the march OF contraction and In sac
fihclng by law the Interest OF the peo-
pie at large to increase the fortunes
OF the rich. Nor should II be forgotten
that the bonds required to be paid on
In coin by this leEer demain were pur-
chased with legal tender notes OF the
government at par when those notet
were not worth more than 20 cents on
the dollar In coin.
The next step taken by congress- TO,
subordinate the rights OF the people
10 that OF the money clasnea was u
law to require the cancellation and
retirement Of the outstanding Legal
tender notes ae fast as they should
be paid into the treasury. Under this
law more than $4,000. 900 worth OF these
notes were cancelled and retired from
circulation, and would all have been
20 cancelled but for the determined
and persistent efforts OF the Demo-
cratic parry, who managed 10 save
about $3.50 O00.0 OF this money In cir
culaton for the use OF tho people.
Then came The GROWING net or cun-
traction and legalized robbery OF 1874,
suspending the coinage of silver dol
lars, limiting the legal tender quality
| OF silver To So or less; and In effect pro-
viding that the holders OF bonds ot
the United states should be paid In
| gold alone, and not in gold ana silver
| and legal tender notes, according to
! the contract with the holders Of them,
| thus making silver dollars commodity
TO be bought and sold at gold prices,
| like cotton and wheat. ana providing
that they should be no longer unit
| OF value as they had been by law for
\ more than eighty years, And thus tho
seeds OF all the ruin and distress were
| planted and in the Inst few years we
have reapcd a harvest OF ruined fort
unes broken faith and unhappy homes.
when the People AwoLc.
when in 1899 the people OF this great
country nwoke from their long night
OF sleep upon the great tatifi robbery
and as one man hurled from power
the Republican party. under whose
| reign so many wrongs and outrages
| upon the rights OF the people had
been porpetrated. the Democratic peo-
| pie OF this country cherished the hope
! that some Of these gigantic wrongs
would be rectined Ana along with
tarin reform silver would be restored as
/ IL had been for 80 many years. tho
| favorlte money OF tho people, But
not so. The European and Eastern
| bondholders had not dane with us yet
| They are determined % lv upon this
country single gold standard, and
| TO accomplish their purpose they have
| brought 10 bear every influence and
every scheme that their gigantic and
| concentrated capital could command.
/ IntN nave CONTRACTED. 'llt currency ny
withdrawing vast millions from oircu-
lation destroyed coincidence by flood
| ing the stock exchange with Amer
| lean securities, exported gold by the
! shipload, made demands upon the gold
reserve OF the United Staten treasury,
and at last drove our Democratic pres
| ident 90 call an extra session OF con.
! gross for the sole purpose OF repeating
J the Sherman purchasing act. with the
speclous claim that such would re-
store the confidence TO the country.
| The Sherman bill, we were told by
| our Democratic president, whose mind
4 seems 70 have beou reached by the
| cry OF the gold puEs. was the only
| thing that stood IN the way Of restored
| confidence and the only way 10 check
the outgoing of our sold reserve was
| the repeal OF the Sherman purchasing
/ act. And white the Democratic party
stood pledged 10 repeal that pernioious
| measure tho great masses Of tho party
believed that Il should not be done
| without something In It's stead. tend
| OF silver. And though we had stood
in solid phnlanN IN putting him IN
| office, we believed then, and VIC be-
lieve now. he made n great mistake.
Our Tcxns conEressmcn
with Jew exceptions, be II said 10 their
credit. stood faithfully by the demands
| OF the people OF Texas; but under the
powerful leadership Of that wonderful
man, Grover Cleveland. all opposition
! was rwept away, and the sherman
| bill was repealed. and tho bondholders
| again triumphed over the people. what
/ IL the rcsult2 Although many months
| have elapsed. unr condition remains
| the same--an increase In the eNportn-
| ton OF gold. atagnant business. de-
| pressed val ics, agricultural products
| worthless. and though the farmer la
\ bors ns he never labored before, and
| husbands his every resource. the out
| look 10 him seems hopeless, And verse
| than this, and worle than nll. my fell
| iow-citlzens, the Democratic admlnis-
| tr:ttion Is issuing collaborating interest
bonds and selling the same ia order
/ to keen the gold reserve In the treas-
my. This. ny couutrymsn, IN the face
| OF the fact thnt the Democrats party
| for thirty years, in every platform.
has avowed It's policy TO be the re-
| den1r ZION Of The public debt Is ~
any wonder that cur peoples conf
| dence IL shaken and loms OF them who
| have long been faithful Ia cur ranks
are turning their faaes away from US.
| and in their desperation seeking new
alliances with tho hope OF relief And
because fome of W ara honestly OF
| this opinion that a great mistake was
| made, great error committed by
| the Democratic administration, are we