Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-05-19
poIsDEyTER'S SPEECH
..,Ss Anour SILVER AND
" rprr COINAGE,



n,spatch.
Hsa,sn. May 1s.--Coi. foinueNter
,oeech has had this 10 say ABOUT
vi
~ y, nusstion II free ana unhmi,eu
~ silver Is one now engrossihs
IN. .vbl.c mind, and one upon winch
n.socrats are TO some extent uiNiu '
s.,,hsr this difference OF opinion
u. nom a MISUNDERSTANDING OF one
.aer. OF fiom a want OF a run COM
..,I,us!on Of the question ITSELF Is a.
| IN that l am unable TO determine
n ss !. one question, however ,, ", 10 on
.,,h all sound Democrats are agreed
.sI,hat Is that they want a sound
,.,,ucy. every dollar, whether gold or
~, or paper, to have the same pur-
s,.rg power Both gold and silver
a. been recognized from the founda-
4. d this government as the eonsti-
saosai money Of the country. These
-,,ls were intended by the fathers
i ,hls nation to circulate as money,
"A .ach state reserved the right and
Z, sssted with the authority by eN-
- provision OF the constitution to
III gold and silver a legal tender In
4 myment Of debts l, for one. would
M consent to the destruction of
As,r gold or silver as the money of
A. country,
IN, only way by which these tw--
s,al, can be linked together and
| -,sl,ined In circulation on II free
. ~i,,re basis, is to maintain approx
n,tely at least their par value or par
In
| rsder system of free coinage there
, 10 pledge OF redemption for either
mar The value OF our gold dollar
az the markets Of the world of today
| approximately 100 cents. The value
! < cur silver dollar upon the markets
4 4 he world is approximately hfty-siN
1 uis
. An Imperative demand in plain and
T. rqmlded terms by the national De-
puaey was made upon Grover Cleve-
| Ind and his administration to at
iox repeal and wipe from the statute
T hn1 the silver purchasing law Of
| hin Sherman. Upon this platform
|utlsland was elected; an entire Demo-
/ nate administration was elected for
4 he aFst time In thirty years. Before
he Inauguration Of MIR. Cleveland even
/ d. Republican administration saw the
kFllous condition. of the finances OF
| ah country 1t saw in full view the
|suitable fruits OF the Sherman silver
+ Nv, II saw the gold revenues Of the
|rysrnment constantly declining, and
| Is Increasing inability to meet It's OBJ
latlons. It saw that the annual i'm
|ysTts Of silver was over seven million
10 excess OF silver exports. 1t saw
| Il,er bullion and the silver dollar sink
|hg In value upon the markets of the
|vsld as never before. 1t realized the
| rlitr lmposslbihty of maintaining the
usdlt Of the government and the sta
Putty Of the currency under then exist
|Ns circumstances. 1t saw the clouds
q financial disaster gathering thick
nd fast over Its head, and heard the
numbering OF the coming wrath The
k'elAry Of the treasury whispered TO
ns ADMINISTRATION that an issue Of
sends was absolutely necessary; that
1s credit Of the government could be
nanained in no other way. What
~ los Did 1t repeal the Sherman
|Mf Did 1t stop the inroads upon the
ga Reserve OF the Treasury? Did 1t
eve The silver kings and syndicates
~ cormorants from the vaults OF the
asasury : Did 1t issue the bonds neces-
w 10 meet thg emergency made alb
hu'e by It's own folly2 No. They
aEed no measure of relief. After
ANns fastened system of extraya-
''hes and plumber upon the govern
.sa' requiring an annual levy and
Afnditure Of over $500, 600, 900, 1t then
ensoe'ea a billion dollar approprla-
" Oll' and riveted that upon this
"'''nment and this people, and then
= Malsing towards adjourned and
hakse off home and left tn, great
sOeiem Of dealing with this fearful
s'a'u0n' of maintaining the credit
ne government and the stability
M.
ssalders Of Groyer C,eyeiand ana h,s