Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-05

stronger light on the subject TO cx-
anime in connection with this talk
about "a deprecated and fluctuating
currency" the affirmative proposal of
the president. II 1t can be shown that
the president and his followers stand
| for revolution and not for oonserva-
ton. that they propose currency
| without a precedent not disastrous,
without the guaranty or the hope Of
redemption. based on individual fiat.
controlled by Individual and specula-
tive greed centralized at a few great
cities, and subject to instant contrac-
ton or expansion as the needs or the
fears OF private speculation might de-
mand, the conclusion must be ire
slstable that there is a motive behind
the administrations war on silver
apart from its desire to shield the
country from the evils Of "a depre-
ciated and nuctuatlng currency"
All OF these facts-and more Of the
same general tenor are put in evi-
denoe by this little official pamphlet
to which we have referred. 1t is de-
voted 10 advocacy OF the currency
system submitted by the adminlstra-
ton to congress at It's last sitting,
which had its inception at the
last meeting OF the National
Bankers association, and which
rs commonly known as the Baltimore
plan" from the place OF meeting OF
that body. We Will let this lesser
satellite OF the Greater Prophet speak
for himself. Starting out with a chap
ter ON "A Century Of Monetary Fall
ures," he pronounces every money is
sue by the government since It's In
ception n fallure--cXcept gold and gold
certificates.
I'VE have thus tried within the first
century OF our national existence no
less than six systems for satisfying
our currency requirements, each OF
which has demonstrated It's rottennesH
or IT'S insuiHClency by It's failure We
have today seven distinct forms OF
currency independently OF subsidiary
money, only two OF whlch-gold coin
and gold certIncates-can be regarded
as really sound money"
It Will be observed that this OK
oludcs national bank notes, Of which
this prophet says;
as lh,nnS or pl'aiu,,,E an " H.
national system has thus entirely failed
of It's purpose and Eve have 100000.
600 of paper which, though sure OF
liquidation In full has yet no guar
antec as to the value Of money In
which 1t may be redeemed"
Again he says:
1--WE are supposed to have 5000 900 900
OF gold. whirn is The only money we
POSSESS that can be considered NJ for
me purposes Of rish ana honorable
,,,S,i f., ,',,r,-,.,, ,.,,,, oi,,,,r IT,, I'LL
or procurable when wanted. But the
truth Is that the ability OF the govern.
ng4t to honor rs notes Us WHOLLY
rNN nASJEs y,,,i, ~ 49, ~ ~
pleasure, either deprive the trengury
OF It's sole gold Income by giving out
PAPER 10 pay customs duties, or WIN
ncni.d cn. t I ,u u,'n"' 1 1r 'nr gu
a policy which the banks have actually
for the last two years. with
,ne result OF twice bringing the gov
s,oit ,',,,,n,nt, o, ''e' Va aN7pcDSloh OF
,r,,ts a., -. s---
,i,t,o, no, ,,t. -. -.
th, r,,,o,,,,,,, ,,,,-,,. Va
.,rti, a., ~ -,
monetary svstnn has drift,i ,n,',, ",,
THE GOVERNMENT no
l'GEoMli THE. CREATOR and. dir
r,nrtt w' i,,'''ev.ly Li. sn9nsor OF lhrce-
FI.ATEb circulation Thnso o,,,r,.,i,'1
In very general terms, are the ronturoa
3h me MONETARY DIsORGANlZA-
,VN Nun AWAITS REMEDY"
'g''''"'ns' 'ne"' Is 10 be done must
Wv N,"'' S'"na sun invites the IN
,.''o'v u'a"'tpr OF monetary dlsor'
bu'''"''' o"' '"'lI we 20 back To the
''''V',". aSN'vn OF p'hetallism which
49, '",uuNu centuries up to 1873
~ 'h''h Wv "o'lu OUT OF darkness into
.,s",' oU' VI poverty INTO prosperity or
~ VIZ ~ Onward 'o-reNolution2
"p 'V'sp' plophet stands up FOR the
if"p"o' ana advocates the rev.
, poposal submitted 10 the
'l". vo,'s''Ss' rms eontemplates the
49,, '...' ue''o'' VI a'l moneys issued by the
80 ""ni '"g concentration OF the
'.''n'9 anu VI tue treasury notes
:, ,,,' 49, ','u ""er','"h aeN the sale
a. ~, 80 Ds',,oh III 'ho treasury
CO.. ran. 80 y. Doius 10 secure gold
~, IT., 40 s. ,'on aoo p oa, rms would
-, ss'ysS's'V u 'u' present cur