Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-06-03

legislature 20 mako proper provisions
for the support and maintenance OF
Il homo for disabled and dependent
Confederate veterans
Eiection OF Railroad Commissioners.
am also in favor OF the amend
ment OF the state constitution so as to
provide FOR the election OF the rail-
road commissioners by the popular
vote, and the passage OF law provld-
Ing for Alternating their elections 80
that but one commissioner shall be
elected at a time. and in this way TO
retain constantly two commissioners
office.
Federal Issues.
During the late war between the
states =. was found necessary by the
Federal government to cxpcnd very
large sums OF money, ana the notes
OF the government IN different towns,
and with different conditions. were
issued in such large amounts us TO
cause their depreciation, until ut one
time dollar In gold or silver coin
was equal In it's purchasing power 20
about two dollars and sixty cents In
the notes OF the government In order
to reduce the volume and TO Increase
the value OF these notes. provision was
made by law for the Investment OF a
large part OF them In the Interest bear
ing bonds OF tho government Aud 60
induce persons to take these bonds
they wcro allowed TO pay for them In
these deprecated notes at par. SO
that the owner OF 100000 OF coin could
buy with It about 100000 % the notes
OF the government and with these
could nurchnsc 100000 In the bonds
OF the government. tsO principal OF
which could be paid IN gold or silver
coin or VA legal tender notes, but the
interest was required to be paid semi
annually IN gold coin. In this way
hundreds OF millions Of dollara were
sacrificed for the people OF the United
states. and like amount was added
10 the fortunes OF those who had money
and were able 60 buy these bonds. And
whether the neceusltica Of the govern
ment forced this condition OF things
or not. it was n gigantic stcp IN the
making OF vast individual fortunes
ont OF the financial management OF the
Federal treasury, This was the act 0f
1869 entitled AN act to strenethen the
pubic credit" etc, white after the
passage OF this act legal tender notes
We're by law held TO be good enough
for the payment Of ali officers. con-
tractors and others, they were held
TO be not good enough TO pay on bonds
which cost the holders about 90 cents
on the dollar
The bondhodora most Of them TO-
sldinR In Europe. encouraged by their
success in thus
Robbing he People,
by the help OF congress. concluded
that they could not eIord 10 be pnld
In coin OF gold and silver. but must
be paid IN Told alone. And they se-
curcd by methods OF their own. tho
decentralization Of silver In 1873, by
Republican eongrcss. By these two
acts, pissed by Republican congresses
the people were robbed OF hundreds
OF millions of dollars. The national
debt when contracted was payable Ia
gold and silver coin and In legal ten-
der notes. Now It Is payable In gold
alone Aud while payable In gold ana
silver coin up to the time Of the de-
moneti2ation OF silver the Republican
administrations. In obedleuoe 10 the
demands OF the bondholdcrB. and IN
disregard Of the law which made the
bonds payable In silver as wen aa
gold. refused TO pay OF the bonds with
silver, and paid them in gold alone
Thus commencing the degradation Of
silver by refusing 10 use II, az proYid-
ed by law: and at tho same time prnc.
ticuily taking from II the character
Of Htnnderd rcdceminR money. lite
partial use was restored by the Bland
law OF ISIS, and the Sherman law OF
1890 nut by the unconditional repeal OF
the Sherman law in 1898, silver was
again stricken down na standard rc-
desmnF money; and 81 " understood
the eject Of that law IN 10 make II re-
daemable at the treasury IN gold like
paper money,
Now lot II be remembered that when
silver was dcmonetzed In 1873 our sill
yer dollars were worth 3 cents more
than our gold dollars; and that the
difference IN the relative value of gold
and silver now aud at that time has
been produced by hostile legislation
In this and other countries, and by the
refusal OF our government 10 use silver
Ia the payment Of debts as provided
for by law, and nor because Of any UNI
fitness OF silver FOR use as money
Before this was done the gold and
silver Of the world measured all values
and controlled the amount OF banlSable
paper and exchanges. Now all values
are measured by gold alone. and tho
appalling result 81 before the world In
the extraordinary reduction Of the
value OF all property and labor, the
contraction and arrangement Of the
business OF the country in like de-
gree In an amount OF bankruptcy and
Financial Distress
never before known; with vast In
crease OF unemployed men and irampa
and beEgars. These measures OF ieRia-
Iatlve robbery for the benent OF the
bond-holding and money-holdlng ciass
have already Gust the people thousands
OF millions OF dollars and an amount Of
aunering and sorrow almost beyond
computation. This great wrong has
been done uDdcr the prcienAe OF
strengthening the public credit. aud In
the deceptive use or the words honest
money" Its right name would be dis
honest robbery. And yet we know that
many otherwise sensible and patriotic
men, deceived by tho sophiHtrics Of
shArperH and Hhylockg. are advocating
ana Juatifying this soandalouH robbery
mud national suicide. led on By inci-
dental questions az TO the parity OF
metals their ratio. etc.
IA this part OF the Union the enemies
OF silver. for the most part, pretend
10 be bi-metniliats In the Eastern
atates they indulge IN no such hypoc-
Tisy. There they say they arc Tor the
single gold standard. They say 10 ami
are 80 because political control there
" in thi, hands or creditors. Hero we
IRE debtor8, and not therefore inter-
s.gted IN the Increase Of the value OF
money and IN the dccreaee OF the value
OF property and labor.
The Poors Ia their financial volume 81