Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-07-10

n tho Gazette will interview any one who
Vlsits Europe Il will md out that " . raw
eier. carries silver eoln 10 the h,nS o. eng.
gold for II the cychonTe y made. " u were
fefused right thon and there the silver
roin would sink to its bullion value Austin
Statesman.
II tho Statesman will read tho proceedings
Of tho monetary conference at Berlin It
will learn that one % the leading subjects
OF discussion was what Is called tho deicn-
rlve premium on gold exaoted by the Bank
OF France and that It's policy Is TO refuse
10 nav out gold for export In times Of imam
clal uncertainty. Under such c-soums'anccs.
Il redecms its notes In II 1-e u silver, It
ia easy TO prove anything when your pre-
misses are made 10 order, and the States
man Illustrates method Of argument nur-
sued In the silver oontroveray-wc viii not
ray that 1t Is all one .slde--that Will not
tend In any degree to secure rlsht deels-
Ion. Commenting on a Gazette editorial
recently. Il assorted that gold is behind
all the silver currency OF the country. This
Is strenuousy deniod by those mono-motai-
lists who pretend that silver has received
great consideration at the hands OF our
government Let us suppose, however, that
the Statesman is correct Can It Give a
plausible reason why silver should be used
at ali7 II II is merely gold Obligation,
would not paper be much cheaper and bet
ter in It's Hteadg
Treasury statistics reveal net decrease
in the money in circulation in this country
OF s2.oa7.5ss during lune and OF nearly $780,
10000 for the year ending July l. sena-
tor Sherman estimated when the so-ealled
Sherman law was under discussion that
/. there should be an addition Of $50 O0l
annually to the circulation. by his figures
the country Is short, for the year. $4,000
Co., This Is 4 fact statement OF tho no
rezults Of the financial policy pursued b!
afsarcicvciands administration. Ii put for
gard unconditional repeal as the price o
financial recovery. but circulation continue,
n 10 decrease as rapidly after that was ex
tprted from congress by threata and appoint
I've hribes as before. Tho per capita loss Il
circulation during the year was si.s7 rhcs
rtautticn. suggestive aA they arc. conve
no adequate Idea OF what tho country Ia
suffered BY tho steady drainage OF mono
which has been rushing toward the grca
centers The New York bank reserve at III
last statement was s2f,oO0.oO0 IN excess
legal requirements. and the slut OF mona
in London Is phenomenal The British oi
cncquer recently ofTercd for competitive biz
ding 900 600 Of rs treasury obligation
ard the applications aggregated tho emo
mons sum Of 500 40 600. the rate OF into
c>i obtained bring iose than per cent. hi
eounts IN the open money market OF Lo
u con are puntcd AZ less tiina 1-2 per cent, AZ
he fan Ia The rental value Of capital
70 great that financial journals in Lond'
nf' discussing the suggestion that gold b
heepinc TOO abundant 70 be retained as
mnney standard and that It may be nece
sary to dsrnonttlzc il.
Ne ihquehtiul person can escape tho %
elpAipp that tlieae conditioua are the res,
q A RADICAL hiundsi somo~here. II Is ID
= 4feneh 20 anypods about The rciention
Ayslen that starvss the poor bccau
tne> dave nV mQneY, ind csnle,pssaf the y
hssaqte theil sinon3g IS yaiualeur. nieh !.
pppf' trs ANS intcseliea IA erecting
rNespi1E sAapFe Ia The financial mises
esn'asri "a the world.
Iss ~. i7pir n,puhiin rsys; -Aa 1
psf(en' iar,iiex wa hold al tho onlres
he llaAine<A Aen's League yesterday WI
F. Tho fep4tt p zlsi y ARtlye committee
Inc Ps'' Anlr''u.s Isk Tssas. Which d
n 4. I. lal'' Nill July ~ WI f.sa Tho inat
81