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


he more nat In the International dollar
The only difference would be that IN one
case Il vuld be the nat Of several ma
tions, while In the other Il would be the
Hat Of only one The truth Is however,
that after an international agreement
was affected. there would no longer
b. any nat In the dollar because the
right OF coinage would bring q dollars
weight OF bullion TO par. The same
consequences II Is confidently believed
would follow the same policy adopted
By America
An American Question.
But Il is said that we should for
HE present delay action. later on We
Nlll take up this matter, and we VIII
DO adjust finances az to give silver us
blaze, When and how Not by In
iernntlonnl agreement, for that Is ut
terly Indefinite and dolusive. Not by
Increasing the ratio, for that would
necessltate the recolnage Of existing
silver money, aud eifectunlly close
The door to any hope OF agreement with
bfher nations which now have billions
Of silver circulating hide by side with
gold at n ratio less thnn ours
II seems to me that every Impair
tiaI student Of finance ~ bound 20
reach three cnnclualona: First, that
gold il too scarce IN the world 70 de-
pend upon It ms the only money
metal; second. that n change OF ratio
would oomplcate rather thun mend
the situation, ana third. that an In
ternatiusql agreement Is not probable,
but that we viii finally be forced 10
TAKE IN the matter ON our own nc
count and deal with Il Az an Ameh-
can question. This being so, what
other plan Of using silver IL left 20 as
than the one which ] have suggested.
what do these gentlemen who 20 con-
atnntly talk silver" and so hnbitu-
nily act gold" intend to give us2
We ask for the free and unlimited
coinage OF silver, ana they raise their
hands IN awful protcnt that II VIII
bring ruin 70 the country We ask for
the old Bland bin. and they cry out
that ~ VIII bring US untold disaster
We Moderate our demands htill more,
and ask for the coinage OF the selgn-
Oriage already In the treasury and
n presidential veto comes laundering
back that Il will cndnngcr the stability
OF the national finances II every
measure proposed ~ one by one with
fair Phrases to be rejected, what can
the patient people OF this country eN-
poet by blindly waiting and trusting?
MY friends, this Is all mockery. We
should look the truth Hquufely IN the
face. We are entering upon great
contest OF forces. The silver fight now
81 not one about particular measures,
but It is a mighty battle " tendencies.
IL 70 no longer question na 20
whether silver coinugo shall be limited
or unlimited. but II is whether ailyor
shall be coined at all. Every month
OF delay viii strengthen the dcspntism
Of those who have decreod that silver
shall no longer share the powor OF
gold as standard money on any part
OF the globe. IL W demfiou as com
all
expect 10 reach that period when the
holders OF the fixed securities OF the
world viii consent for the tightening
springs OF their power 10 hc looHonod
Tho question rs now shall the people
Of the United states finally abandon
the financial system Of our fathers and
Join hands with those whose inter
est as nations Ia at right angles with
our own
No man can fairly estimate how
many hundred millions OF interest
bearing American debts are held by
owners In England, Germany and Iiol-
land, but some faint idea of these
transatlantic demands upon our rec
sources may be drawn from tho fact.
that within the last two years more
than one hundred and twenty-five mill
Hons OF American securities were
shipped over from Europe 20 this coun-
try and gold rhis IS but n small part
OF the American bonds and stocks
held In European hands This great
treasure " not Counterbulanccd By any
obligations which we hold against
thcm Tho money balance against ua
in favor of Europe % continuing and
settled. The same relation exists
between the Eastern states of the
Union Ike New York and MaaHnchu.
sets on the one hand. aud Southern
states, like Missouri and Texas ON the
N.Nf 81 o.. A..
IN Europe ana New York we have n
times past received the consideration.
The money has gone into the buiidmg
o. railroadH-the promotion OF manu-
facturlcH=t The stimulation OF business
ana Il would be dishonornblc if uuf
people JAILED TO pay &C back even to
me last fnrthlngi but We should not
be called upon TO pay the compound
interest OF governmental policy
which limits silver money aud mukei
gold denrer than Il was when the con.
traotn were made.
The people want no discriminating
vollnr-no discounted dollar colned
lhy the government Of the United states
but they want the same weight Of dnt.
lar they now handle Whenever n bsie
OF cotton or n load OF corn IA sol1
Ihey want silver dollnra that Will pnsg
like those which ring over the couuto,
or every merchant IN Texan fort,.
times day, You mny call them flftv
cent dollars-dishonest doIlarg--or nse
any other epithet You ohnose Inn a
VIII promote the welfare OF this cnnn.
uF TO coin them Just aa long mo tbe,.
do Justice to debtor and creditor ain,
md pay for a hundred centa worth Of
iand and hundred cents worth OF
IeNaa Inns an interest I'm the allver
question even more direct than MAJ
WHEN nHeets the other Southern etatra
me luture prosperity OF our peopie h
uepcndent IN some degree upon con.
merclai interchange with tho greot
iinlhs West. our gulf hnrbora nre
ne natural aeaporM OF Colorado New
nieNeo and the surrounding tcrrltorieg
Our cities VIII usually attract the arr.
pius capital OF that section. with .re.
htpred silver coinage. the peonlc thrrs
Would be raised ffum their nrestrafior
Ihe hum OF industry would be hen,i
agssin about their mines. From thnt,
Nlbor, Texas would receive n airoc,
humulation, In six months after n M
yer policy such aa / have dcscrr,sd
y undertaken the tide OF intcratat 4.
travel and commerce will begin 10 roi
oetween TeNna ana Colorado. A large,
market viii be opened to our lunbs,
manufacturers pine lands will aulei,i,
iome into demand Denver nnd ~,
mining country Will buy more on,
more OF Texas fruit, the current 90 ~
'iFing prosperity viii pass throne,
fNNry hamlet In our hor,ta,a .,a X