Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-11-10

the powers of government, It Is gov
eminent, for example, that creates
corporations, gives them all their pow
ers and opportunities, and that meas
urably determines and controls the
amount and value OF money, which Is
the principal factor employed In the
accumulation of wealth and hence
II is not strange that the Popul SITS
should think that some Of the hair
from the dogs back ought to be good
for Its bite. II is not necessary that
we should radically change and abro-
gate our laws OF property, as the
IQpullsts are already beginning to
demand through their common hcrit-
age and single tax theories, hut l do
think that there must be some mater
ial changes In our laws Of finance"
Us there not great danger In involv-
ing ourselves in the calamitites OF a
di5ordgred ana deprecated CurrenCy2"
"There Will be some danger Of that,
Of course, since those who control
the money market can bring on a
panic at any time they wish It to sub
serve their Interests, but O serious
panic arising from natural causes, or
a deprecated currency resulting from
want Of confidence IN this government.
will require n calamity greater than
our civil war to bring Il about Thlr-
t'--tl ~oa venra oCo tho government Of
the United States d'd not, de facto.
include the eleven states which had
then recently seeded and Its popula-
ton without those states, was Just
about une-thlrd the population Of the
nation at present. with lts wealth, of
course, IN something lire the same
proportion. Yet the government did
not then hesitate to incur n debt of
Sb,ls9,929, 300 merely TO maintain
principal. and the autonomy of the
Union TAat debt has now been pr7c-
fEH IA 4
n half billion OF It remaining unpaid.
and the crrdt OF our government has
been SO well maintained that II now
r'rl-g with tho foremost I'm the world
In this respect. Yet this six billions
OF money were not expended In the
building Of railroads or canals or
rubltc works, but on the contrary, In
tho destruction of property, and In
payment FOR services and expenses
Incurred In efforts of war that In no
way added to the material values of
the country. Now with the govern-
mont three times greater In strength
could We not as safely adventure a
debt ot eighteen billions n the public
welfare demanded "? Especlnily In
a matter TINT would add to the pro-
prrty. or the country Instead Of de-
stroving M"
This government, my son, may NOT
be able. like Puck to put a rirdle
'''A 'AN 'Al ~ W lNllg minutes or
bridge the Atlantic ocean for com
mon highway. but II II wants TO do
so II can connect the Great Lakes
with the rult by a canal and rivers
that would furnish a waterway for
the South and West, and means by
which their products could reach tho
markets Of the world without being
made tributary. with all OF our other
business, 70 New York and the East
ern states. No such enterprise how
ever. and no other substantial meas
ure OF any kind for the relief
Of our section will ever be under
taken as long as the East controls
as II does now nor will there be any
material Improvement in our present
financial situation, We shall be lyent
In the leading strings of Great Dritnin
creditor nation. a single gold stand
ard nation, n non-producing nation
whose financial interests are in mani
respects squarely antagonlstic 10 ours
as long as we listen to the siren sone,
or Wall street and the bankers ne,
surfing US that nation which. wher
only one-thlrd as strong as al presant
s9faly advnnturnd debt Of siv ali
Hons chiefly to maintain n PRINCIPAL
can not maintain the value OF n feu,
score millions OF It's silver money win.
out the aid of IN international agree
mont which they are going to take
good cnre shall never be had. can
these things longer overcome us lrss
a summer cloud without our special
wonderF Our contest for financial
supremacy on the silver question viii
Dc with England alone. France Ia n
SILVER nation, Germany is already sick