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

but gold In the circulation OF the world
IL yet $500 100000 moro than silver, be-
sides the demand for the consumption
OF both metals In the arts r. annually
Increasing. The annual consumption
OF gold In the arts II estimated at tT5.-
100000. and silver at $4,000, 600
III silver IL driven from circulation,
we have TO depend upon the residue OF
S2O0 900 OF gold to keep the world'a
circulation abreast of the enormous
annual production OF the worlds la
Dor. II both metals We're coined the
supply would not be too great There
Is no reason why silver should not be
Kept
AT PAR WITH GOLD
here, unless the production OF one of
the metals should materially decrease,
and then they could be kept at par by
changing the ratio, II sllver and gold
are at par now In their coinage value.
while gold exceeds silver In Its cir
culation 100000 00 why should they
not be at par II silver exceeded gold
by that amountY We can never be
Hooded with silver bullion from any
country. because It is cheaper here
than elsewhere. The next ~
that our dollar IN n dishonest dollar.
that Il is an SO cent dollar. that II IL
n clipped dollar. ! heard II called on
this floor eight years ago In the dis
NhH6A'Al VI ANAH NuNhAlNh ny WI AhfFi
bad names and yet, by the authority
OF the laws OF tho United states, IL In
invested with a monetary function lust
the same as the gold dollar, Now, II
there In anybody In this house or out
side OF II who believes In his heart
that Il ia an ~ cent dollar. " he VIII
advertise that he Will supply all that
are wanted at SO cents. aud sell them
for gold dollars at 100 cents, he Will
soon demonstrate the truth of the
old Rphorlsm. the fool and his money
soon part company Why. sir, II the
secretary OF the treasury should nd-
vertiae In the New York papers to-
day that he VIII sell ail the silver doll
lars In the treasury at Csc on the dol
lar. there would be a rush In New
York by the gold men TO get to the
trains and come to Washington. to
exchange their gold dollars for the
silver. and make the profit OF two per
cent The silver dollar goes all
over this country, from one mans
pocket TO another, without question.
II performs the same functions II pays
the same debts. ana will buy the same
commodities that gold dollar VIII.
II VIII discharge within the Jurisdiction
OF the United States every solitary
function which can be performed by
the gold dollar, or by any other dollar
issued or protected by the authority OF
the government OF the United States.
NOW FlIt lfluA our EAlNfi hhllAl
II over valued and that II II only worth
SO cent? why Nv II that In 1883. when
we coined our fractional silver at 1913
fine grains of silver In two half dollar
pieces. when the standard dollar was
al IA grains, we never heard that
they were dishonest ! say Why was
not some outcry raised by all those
people who are protesting againAt
SmIrchlnE the honor OF our country In
supporting what they say IL a ais
honest dollar
What difference does II make TO the
creditor or the debtor whether the ~
yer has $50 or $50 or $50 grains In II,
when II rs Il legal tender, when tho
debtor tenders It In payment OF his
debts the creditor Is bound to accept
II.
1T CANCELS EVERY DEBT
Where II IL rendered, and that is what
makes ID money, ana yet Wall street
tells uH, and the people OF the United
States that there ~ but one honest dol
lar Z. The way TO bring the none
tary value OF gold and silver together
is to restore the market to SILVER.
Give silver free coinage. Then open 10
II all the mints OF the world, II you
were to do that today silver would be
at A premium as II was In 1873" You
then showed the ratios OF the different
countries and declare that our silver
and gold VIII 8tAnd IN lth RELATION OF
l51-2 10 as theirs WIN and there VIII
be no disturbance OF the currenciea
relations between other governments
and ours 30 far as coin n concerned"
You were then asked by Mr.. warner
OF Ohio n you would have the coin
nEe unlimited at 10 i-2 20 !. TO which
you replied Yes. sir, / would have
the coinage OF silver unlimited at that
ratio" Have we not been making
nverturea IN the governments OF ifu-
rope and sending commissioners 70 In
duce them TO nBrce upon some uniform
basis OF colnage2 'If they would
have agreed TO open their mintH at
I51 10 / It would have been the part
OF wisdom for US to have accepted
the proposition. Why would II not be
equally conducive TO our interest now
10 adopt that standard without any
agreement with them7 II we cannot
consent TO change our ratio and coins
with the commercial nations then the
next best thing Is 10 open our fplnts
10 the free coinage ~ SILVER At lG 20
!. - III we coin freely both metals
the world VIII have both IN ils circule'
ton. whereas, II we take the advice
OF the scarce money people and stop
the coinage OF silver the world Will
only have one metal TO measure us
values, anj the price OF labor and the
products OF labor will come down.
Men Will be thrown out OF employment
throughout the earth. Tramps VIII
nh the highways as they do today.
nd we Will see a depth and an In