Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-09-21

Eette this afternoon says that as an
indication OF the impending dissolution
OF parliament certain influential un-
ionists are circulating a memorial TO
the Right Hon, A. isalfour. who is
slated for the premiership. urging him
not to include In the party platform
any pronouncement IN favor OF bl-
metallism IL is added that the me-
mortal says that under no circum-
stances VIII they, the unionists. sup
port IN parliament any proposal 10 al
ter the currency standard on n BIZ
metallic basis" IL International bl-
metallism can not be had why not pur-
sue the other alternative laid down
In the platform, the Safeguards OF
legislation and coin both gold and
shNer alikes IL seems that we must
determine this question for ourselves,
as Americans. upon our own resources.
and responsibilities. | am an Ameri-
can and proud OF it, Every drop of
blood that courses through my veins,
and every beat and pulsatlon OF my
heart. is truly and Loyalty American.
In determining the question for my
self, adopt The following language OF
distinguished son OF my native state;
u know that the pathway which
leads 10 independent bi-metallsm In
this country Will not be strewn with
howcrs. Almost the entire CONNER
elal world is
IN ARMS AGAINST SILVER,
and It's last refuge is the United States.
But | believe that the business sagRci-
y, enterprise and energy Of the Amer
lcan people, sustained as they are by
the almost illimltable natural resources
of the Republic, will yet achieve a
triumph for the double standard-the
gold and silver money OF the constitu-
tom
You say in your letter that 1.-THE
proposition is not to be disputed TINT
the Increase OF currency, all other
things being equal, raises prices wher-
ever the money circulatcs." II this
be true. and have no doubt OF Il (for
all political economists assert the doc
trine that an increase In the circulating
medium raise the price OF commodi-
tle0. would not the Increase OF our
circulating medium. by the opening OF
the mlnts to the coinage of silver,
raise the price of all commodities rats
cd by the farmer. as well as the price
of land and personal property? Would
1t not stimulate every business and
industry in this country. and thereby
be beneficial to the masses In this coun-
tryl The greater part OF our money
Is used at home by our own people
The greater part OF the business IL
carried on In this country. besides, our
people are In debt, the National, state.
municipal ana Individual Indebtedness,
amounting to the appalling sum OF
about thirty-iive billions OF dollars
More than ull the gold In the world
This Indebtedness never can be paid
in gold or any other kind OF money. at
the present price OF products, A large
part OF II Is secured by mortgages on
farms and other land. Now, would II
| not be In the interest of the people, and
u good financial policy. 10 open the
mints to the coinage OF silver, increas-
| ing the circulating medlum--increasl
the price OF our product. and thereby
enabling our people To
DISCHARGE THIS IMMENSE DEBT?
| The shylocks might comIlaln at this.
who not only demand tie pound OF
/ flesh, but that II be cut from nearest
| the heart They complained when our
fathers said there should no longer
be imprisonment for debt They COM
| planned when Texas led tae way and
| said the homestead OF the family
should be IAN asylum upon which the
creditor might gaze, but could not en-
| ter" They complained when we said
the tools and implements OF the me-
chanlc should not be takel from him
| for debt, nor should his wiJes be gar
| nlsheed Experience has Demonstrated
that under these beneficent laws. Sc
curing these exemptions. the debtor In
| better enabled 10 DISCHARGE his debt
restoration OF silver?
on February 2. lssG you MADE n
speech In congress In defense of the
rights OF the people ana the money OF
our fathers, which answered every
argument now made by the gold stand
ard men. and was prdnounced by friend
md foe as one OF thegrandest speeches
ever made by an American states
| man. II may be found In Congressional
Record. volume II, part 2. commencing
on page lll2, llnv' you forgotten ~
| l have not the since 20 give more
than extracts from t. You said:
EXTRACTS FROM MILLS SPEECH.
mfr. Chairman In 1878 congress
| passed n law authorizing the limited
coinage OF STANDARD silver, Ever since
that time there has been constant
! demand for It's reptal within the last
| twelve months associations OF national
| bankers, cotton eShunges ana boards
| of trade have ben very active and
Jealous In their dforts 10 create a
public sentiment hat would compel
congress to retracelts steps.
"They charge that II we con-
tlnue to coin silv,, as we have been
doing, gold will leafe the country, and
that we will be flooded with cheap sill
yer of foreign countries. They charge
that the dollar Which we are colnlng
under the act OF February rs, 1878. is a
dishonest dollar, aid that every credl-
tor is defrauded tho Is compelled to
accent it. 80
ut was predicted by the friends Of
scarce money whu we Were passing
Oils law that goldgould begin at once
10 leave this couhry, and the cheap
silver OF foreign ctintrles would begin
to be unloaded o us.
1.-THE very first year after the law
was passed we Imported more gold
than we exported We have coined
sens, 100000 OF silvc dollars. ana gold
has continued TO ONE TO us. and dur.
ing the eight year we have imported
largely more than we have exported.
When the law WIS passed. We had
s2is, 900. 600 OF gold DIN In the country.
We have now abot 5000, 600, 900. Does
that look like Rol was leaving us2
But for what will Gid leave us2 When
we look over the whole field OF our
trade, what artice ~ II for which
gold Will go nbroa.-will II 80 for sill
yer2 why, silver 8 dearcr In Europe
than Il Is here Hery kind OF silver
Is higher In Euror, higher In India
higher in every contry on earth than
IL is here, whetheiit Is coined silver.
manufactured silyr or bullion silver.
ut can not go TO Europe 10 buy
something that ishigher there than
here, and bring II ere TO be sold at n
loss? What will 30 for? WIN II
20 for cotton W9hip about $3.50. O00.-
600 worth OF cottn every year We
produce n surplul Of cotton ana IL
can be bought chaper here than in
Europe. Gold wilinot go abroad for
cotton. II win pt go abroad for