Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-09-26

tnin an economical state and natlona
government. that out people would b'
possessed OF all the elements of pros
perlty which God can confer or GOV
ernmcnt prescrv? Again. Mr.. Chair
man. falling In with Buck walton
populst, and Judge Reagan, free SIT
verlte, you denounce the act OF 1867
Have you ever read that actl II sim.
ply declares the purpose Of the United
| States ultimately to redeem It's opli-
cations. True, some OF the bonds
then out were payable IN currency or
greenbacks. but the grenbacks were
notes payable on demand In coin. You
use the argument that these BONDS
were bought at less than face value.
Mr.. Chairman. as an honest man, II
the holder OF your note shall sell II
for nfty cents on the dollar, or II you,
when you are in straitened circum-
stances, sell your own obligations Tor
less than par, when the purchaser
does not know that you win ever be
able to pay, do you think 1t dishonor-
aide TO assure him that you Intend to
| pay him TO the uttermost farthing,
and do you not think II honest to pay
| him according to promise as soon as
you are able? What have you az an
honest man TO do with what the hold
| er OF your promise gave for III Many
d man buys note on another for less
| than It's face value. Many note so
| bought Is never paid at all. If your
note should be so sold do you think 1t
| honorable 20 refuse TO pay what you
| promised and pay the holder only
| what he gives for the note2 The state
| OF Texas has fine opportunity now
| TO cut down expenses II your ideas are
correct. Her warrants are being dis
counted every day from one to ten
| per cent. Let her refuse payment OF
all save purchase price paid by the
holder
You say next chat the fact remains
that by the Introduction OF this Sec
ton into the revised statutes lin 1870
the money OF our fathers. the money
which had been the medium OF eN-
change and measure OF values when
Democracy ruled and our people We're
happy and contonted." was demone-
tiled. DO you or not, Mr.. Chairman.
know that silver disappeared from
circulation shortly after 1884 and cens-
ed to be Il medium Of exchange until
1853. and do you or not know that
after 1858 the only silver that was used
ns a medium or exchange was the
Hight weight fractional coin coined on
government account. and do you or
not know that after 1884 the free coin
age privilege Of silver was virtually
dead letter on the statute books3
You have dropped. MIR. Chairman.
into the pitfall OF the iatlst COM
pletcly when you seem to be incapable
OF understanding how 1t Ia that our
gold dollar our silver dollar and two
silver half dollars have equal pur-
chasing power. You say: when the
mints are opened to the unlimited
., ''hu VI 9uNui W oulu NY the uolIur
,,,,,,, ,.,,, ~ ~ ,,,,i, ' 1,s
,1e"' a.a'"p VI NV WV. VI '"i'nl haNe
w a"i.iH p'Wvyi ma ''e
not this fatlsm pure aud simpler Are
you not u greenbocker2 hut II you
are IlEht' give Tree uulh4ge 10 an SUI
VI uo'le' ,, u"lNts' ct'' rutu,l oulets
q silver VIII colh ns Inhhy uoliarH IN
h i',i,, as siNtevh ounces VII com IN
us''al =, -" Svu HuPp"sc tue hpiler
VI nu's'on WpuiI eNer nave u9lia,
Go,leI VI "uulu w nave colheu
lnt9 helNes' quarters ana dlmea IN
mH'Vn ny 1pulu uutulh Bieater NUM-
Yer OF uoiiaIs WIN the same amount
nun 10" , Ssout ~ lIvh o. m
NilslU Nnluc' ihth' Mr' tnhlfinuh,
MY iA the r9tlo 70 h'sh hs 10 10 "
ny not pun II AZ hNe To one or less
anu iet tht stump OF the government
up wv rest hut TO De consistent, Mr..
Nn''llnuh' YOU Anoulu ulHpeilHe win
WY mNleTlul 10 ulileult 10 ohtaln ms
SILVER or Boll' ana since the stamp
OF tne soNetnmeht Is AL mat " need
n1uhAu'H. "lBGp yb6r HUTrJ app, SlAap;
Mr. Chairman, what yon say In one
sentence, thnt the free coined silver
dollurH "beurlng the government
stamp OF one unit or dollar would
have the same purchasing power that
the dollar now hus," for in another
part Of your article sou urge free coin
age ms a meuus Of increasing the price
OF our products, and quote from Mr.
Mills that u VIII make the price OF
clothing higher. ana OF all other art
lcles OF purchase; and yet you say that
its purchasing power would be the
same, when II Will purchase less OF
everything sold. To say that You do
not or cannot see this inconsistency
would be to charge you with imbe.
Guilty, and l viii make no such charge
Neither can l understand your inabll-
ny to grasp what Is understood by a
hfty cent dollar, Nobody imaglnes
that one dollar of any kind OF money,
whether of gold, silver or paper was
ever worth less than one hundred cents
OF the same money. In the last days
OF the Confedcr0cy one dollar Of Con-
federnte money was worth one hundred
cents OF Confederate money. Today
one dollar OF Mexican silver IN worth
one hundred cents OF Mexican silver;
but " you owe n hundred dollars ON
u note today In American money and
oHer 10 pay II In n hundred Mexican
dollars your creditor will show YOU
or II you happen to be the creditor.
You VIII understand what nifty cent
dollar ~.
! am almost ashamed to present this
mllllpr I'm "