Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-01-09

put the padloclts ON your llps?"
Mr.. Sibley hesltated for moment
aud then with intense earnestness said:
Let me tell the gentleman that 1
am not talking today to men who be-
licve in going to hell in a hand cart
instead Of heaven supported by truth
Let me tell him also that 1 am not
addressing mon who believe more In a
bob-tall flush than contrite heart"
"A shout OF applause and laughter
greeted the statement.
:. Siblcy proceeded 70 relate the
8. . Ncnce OF Dionysius, when he was
IT, Interrupted by AIR. Outhwaito.
T>G I Dlonysius who put the pad
Il Nur lips?'
H$. made no reply, and pro-
ceet. ~. dress himself TO the de-
tails' ~ ding bill.
Mr.. 2. - , Frequently interrupt
ed by q. ns and when he dtmur-
rcd from d .swering because he had not
been given notice, lie said thar his time
would not be extended although not
man spoke In favor Of the gold
trust Of the world who was net given
unlimited time"
Mr., Pence Pop) of Colorado asked
that he be permitted 10 finish, but Mr..
outhwaito objected.
"Wc saw our distinguished eNecu-
tive after the election Of 1892" Mr.
Slbley continued, "hle himself away
for recreation Where on earth Ctd
he go? To the classic shoeos Of Hog
island. The bible says that when lhey
are set at liberty each man will go
TO his own place. Where did lie go?
To Bu2Zard's hay. And ever since
the old ship OF state has been lumping
her nose into Hog island ami founder
ing in the waters of Buzzdrd's bay.
with prosperity but a cables length
away"
"There was n panic being precipitated
! by the vutures Of the banks" Mr.. Slb-
| ley shouted, besides which the late
/ panic was us a gentle zephyr to a
| shrleking cyclone" He had figures that
| he had prepared last June, and which
| at the solicitation Of friends he had
! rofrained from using. showing that
/ banks and trust companies could not
| pay so cents on the dollar.
The administration has so far carried
[ out the Democratic declaration that
| the parity of all kinds OF money should
be maintained, that all ether kinds
/ but gold had become mere promissOry
notes for payment in gold.
Speaking OF his Democratic prlncl-
pies MIR, Slbley said that II he got into
what he supposed was a mahogany
wagon and found It was veneered bass
| wood driven over a rock road by an
inexperienced driver he would jump
out and would not care much where he
landed. He drew a picturesque sketch
of Democrats sitting around banquet
halls tonight worshipping at the shrine
OF Andrew Jackson and talking theories
as different from his as the rose of
hades is from the fruit Of the tree of
life, and If Jackson's spirit was to APP
pear 1t would kick over the table and
| Danish those apostles in disgust.
Mr.. Cox DemovraD Of Tennessee,
followed with careful argument in
favor OF the bill. He pointed out the
many evils of the present system, and
explained at length his view of the
result Of the Carlisle plan if put into
| operation.
Mr.. Stone Republican) of Pennsyl-
vania quoted the remarks of Secge-
tary Carlisle to the judiciary commit
tee, that he would pay government ex-
penses from any money In the treas
ury, and said he supported the secrc-
tary in that course. and explained that
as no money paid into the treasury
was classified, the SECRETARY could not
know whether what he was paying
out was the proceeds Of bond sales or
not. He did not think the pending
bill would relieve the treasury situa-
ton, nor did he in fact, believe the
retirement Of greenback and treasury
notes would check the demand for
merce, gold would be secured IL not
from the treasury, then from private
holders. There was no reason why
there should be a scarcity of gold
There was $40 900 In gold in this
country held by banks and private
holders. The trouble now was the Demo-
cratic party was too cowardly to meet
the present and growing deficiency by
authorizing the issue OF low rate
bond to tide over the present emer-
gency.
Mr.. Johnson DemocraD OF Ohio fol-
lowed Mr.. Sibleys lead with a caustic
speech in opposition to the measure.
At the outset he said he thought he
owed an apology TO the house for
speaking against bill which was as
dead as this was. However, Mr.. john
son explained, while he believed the
bill II put into law would prove a mon
strous failure he believed this bill was
designed to take the government out
Of the banking business. and asserted
that no bill could be devised for sound
currency issues which would not place
them under government supervision,
and. In effect, make them ultimately
redeamable by the government. 1t was
tn Office OF the government TO furnish
money. This bill proposes TO confer
on hanks without limit right that
could only be conferred on monopoly.
] II gave mem monopoly or II was a
failure. He attempted to demonstrate
that the bill would confer the same
monopoly on the banks that the Bank
OF England and the Bank of France
had. This was true because the green
backs and treasury notes on which cir
culation could be taken out were lin
tied in number
There were but &75.OOO.OOO of these
notes. When they were deposited for
circulation the monopoly would be com.
plete.
Mr.. johnson sketche1 a scheme by which
dishonest man. entirely within the
terms OF this bill could make So, 500
In two weeks by starting a bank.
Gould that not be done under the
present lawy' asked Mr.. Springer
mo, sir" replied Mr.. Johnson, "be-
cause he must deposit $4,000 worth OF
bonds to get 100000 in circulation"
Gould not Canadian banks perpe-
trate the same frauds?' asked Mr.
Springer returning to the assault.
mo" replied Mr., johnson. because
the Canadian system Is a government
monopoly"