Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-10-05


.Coiuinbus. Ohio. Oct. 4.-The Demo-
mic stat. executive committee, OF
Witch A. w. Thurman Is president and
vi A. Tayior secretary. Issued today
al address to the voters OF Ohio TO
III effect that tariff reform has won
ana the money question Is now the
nzpreme issue before the country. The
nddrssa contains about 1900 words, END
Il Ind erstood 10 have been prepared BY
Thurman. IL says among o'ner
thln gs.
ftPrlor to the decentralization Of FILL
~ in 1878 gold and silver were stand
Ed money. Since then 1t has been gold.
III supply was cut In two. Could any
Hit other than the continuous fall in
III ces we have experienced for twenty
IRIS follow the adoption Of this
tIicy? All busiFess men have been
/tul1ing for a cause for this continual
1<tline, aud all sorts OF insufficient
and contradictory causes have been as
tifned 1t must have an origin and
development In some principle OF uni
rrrsal application. In silver countries
pfices remained stable. In gold coun-
trits prices have fallen from 40 to 50
per cent Silver Is the standard Of
value Of more than half OF the world
AIt EtltIdl utGllfH III prices bnA Dttn
brought about by shrinhaEe IN the
volume Of money relative TO population
and business, II the value of money
In circulation be made to bear direct
and steady ratio to population aud
business, prices will be maintained at n
STEADY level, and what Is OF supreme
Importance, money will change little
In value.
"Every money commission appointed
by the different governments have
said, beyond any doubt, during the last
twenty years, gold hns continually and
steadily appreciated in value and this
appre citation has been the real cause
OF Die tremendous fall In prices and
xrea, financial depression.
'There has been an over-pro1uction
az d liver, because for four hundred
(t4rs prior TO 1873 the relative pro-
dQction OF gold and silver was not
Qute fifteen Of silver to one Of gold,
and for the twenty years since 1873 1t
has not exceeded 10 to 1,
"The free coinage OF silver do.s noe
mean any sudden Initiation and sudden
disturbance of Valuas. This Is 80 be-
Gauge II Is an utter impossibliIty to
produce the precious metals faster
than they can be absorbed for money
purposes. The Increase IN the popula-
ton OF the world for the last twenty
five years has been 200 000, 900 Free
coinage OF silver is not an experiment,
but as far as the single gold standard
has gone. it has been most disas-
tro,is one
'nNlth the dollar apprseiating in value
as t Is now doing, thereby causing a
decreaFe IN the price OF all products.
taxpayer1 are compelled to give mora
labor or the products OF more labor
to pb,ain these dollars. the only thing
with which they can discharge the
ntnte, county and municipal taxes all
Of which are fixed charges Therefore
to decrease the price of products Is to
Increase the taxes.
''Continued falling markets. must an
nlhilate profits, by which all indus
try must be paralyzed. causing money
4 10 accumulate IN the money centors,
wEere It Is principally used by those
who gamble In securities, Instead OF
being used in productive enterprises
Moreover the gold supply OF the world
has been substantially cprnercd, as
SHOWN In Baron Rothschiid's speech
az the late monetary conference at
Brussels
vi the conditions remain as they are
YOU need not only ask yourselves when
the decline in prices will stop, but how.
" money keeps appreciating In value
is 1t possible for Il to stop II this
pollcy Is not changed we do not for
one moment hesitate to absolutely ar
firm that no matter whether We have
T high tariff or low tariff. there cannot
be any permanent revival Of business
nnfairs. Stocks OF all kinds are now so
low that we may expect some CONNER
cial Improvement. but that It can last
for any length Of time II the present
Monetary conditions are maintained
Us an absolute imposslbnlty."