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

Us use IN the arts, Just as the digcon-
unuing or the Introduction OF the use
OF barley for food would decrease its
value and leave 1t to depend upon its
use FOR mailing purposess
The money value OF the worlds pro-
auction OF silver In 1892 was about
slS0,OO0,000 Q1S.059 i50 ounces) OF this
quantity the United States produced
9i:9gv, goo ounces, In that year about
SS5,O00,000 OF silver was used in tho
arts-of which the United States used
S9-OoO,O00. leaving $4,000 900 for the
monetary uses. In that year the
WORLDS production OF gold was only
sllv'OOo'VOO, OF which nearly 500, 900 900
was used In the arts. leaving but $s9.-
100000 for monetary use.
Don't you think IL gold had been
treated as silver has, stabbed at every
turn by the hands OF pretended friends,
mat they would now be crying down
the dishonest so cent gold dollar? | do
not understand that the Democratic
party has ever declared In favor OF
single standard. either gold or sill
yer. Certainly the Dallas platform
made no such declaration. nor did the
platform presented by the minority
report of the committee on platform
contain any such declaration The
plank In the platform MS adopted, and
the one as reported by the minority
report, are as follows:
PLANK AS ADOPTED.
We hold to the use OF both gold
and silver as the standard money OF
the country, and the equal coinage Of
both metals without discriminating
against either metal or charge for
mlntage: but the dollar unit of coin
age OF both metals must be of equal
intrinsic and eSchangeable value, or
be adjusted through international
agreement, or by such safeguards Of
legislation as shall insure the main
tenance OF the parity OF the two met
ais and the equal power Of every dollar
at all times In the markets and In
payments OF debts, and we demand
that all paper currency shall be kept
at par with and redeemabe in such
coin. We insist upon this policy us
especially necessary for the protection
of the farmers and laboring classes.
the first and most defenselcss victims
OF unstable money and 1uctuatlng
currency.
PLANK OF MINORITY REPORT.
We hold to the use OF both gold and
silver as the standard money OF the
country and to the coinnge of both met
ais without discrimination against
either or charge for mintage. but the
dollar unit OF coinage Of both metals
shall be adjusted by such safeguards
OF legislation as shall Insure the main
tenance OF the parity OF the two
metals, and the equal power of every
dollar at all times In the markets and
Ia the payments Of debts, and we be-
lleve that this parity and purchasing
power VIII be maintained by the free
and unlimited coinage OF both metals
at the ratio OF 10 to I. We therefore
favor the immediate restoration Of sill
YER coinage as 1t existed prior to 1873
and Il upon a fair trial 1t shall be de-
termined that this ratio will not keen
| the two metals In circulation on a
parity with each other, then the ratio
to be readjusted to the end that the
money OF the people shall be such in
| quantity and quality as was originally
contemplated by the constitution, and
we further demand that all paper cur
rency shall be kept at par with and
redecmable In such coin,
l believe In blmetallic standard. |
believe in coming both gold and sill.
yer upon terms OF equality into stand.
| ard money, with full legal tender
! qualities, and that every ounce of sill.
| Yer should be coined. so long as the
silver dollar will circulate at par and
| purchase as many OF the necessaries OF
life as any other money. Every Demo.
| cratic platform in which there has
been an expression ON the subject has
! declared in favor OF both gold and sill
| yer, a few of our Democratic friends
have lately thrown OF the Disguise am
are now boldly clamoring for gold ant
gold alone, and there may be some o
| our Democratic silver friends who de
sire silver standard and silver alone
Both in my judgment are wrong ant
have departed from the teachings nnt
traditions OF our party. Thomai
jefferson advocated a bimetalllc stand
ard. Dr. Hamilton, while favorlng golt
| monometnllism, In report made hy
I'm tn LA nj IA a M
the bimetallic standard on the grount
that he feared that the adoption OF {
| single standard would tend to limit thu
amount Of the circulating medium.
In the speech delivered by you In tn,
! United States senate on the repeal o
the purchasing clause OF the Sherman
act, you said.
"THE BEST POSSIBLE STANDARD
of value Is universal standart
| throughout the whole world. wher
every part OF the globe recognizes tn
same article as the measure OF value
| for the rest. The variation then woult
be a mere trace. as the chemists sa!
| IN their analyses. IL gold were III
universal standard, the only variation
In Its price would be determined by II
own demand and supply, but gold alon
is not the best standard, and silve
alone Il not the best standard. Man,
of our greatest men have contende
for the single standard of one meta
and many for the other. Genera
Jackson's secretary OF the trensur
made q strong report in 1880 In favo
OF Il single standard. The subject wa
thoroughly investigated from ISIS
1884. and reports were made on tn
subject TO the house of representative,
a very able report was made by MI
Campbell =. White. from the com
mittee of coinage to the house OF REP
resentatlves, advocating the single sill
yer standard.
But 1 agreed with Mr.. Jefferson an
Mr.. Hamilton and the other fathers o
our country, that the bimetalllc stand
ard Is the best for the world. There ar
two prominent reasons why | beliey
So silver and gold have been pei
petual rivals OF each other through a
the ages. Each has been contendin
In the market for the control OF eN
changes. Each has had It's advocate
and now has its advocates In ever
country, asserting that IL shall be &C
cepted as the standard, TO the exclusio
OF It's rival. This persistent struggl
between the two metals and thoge VIII
espouse them constitute a dlaturbanc
that unsettles business and makes
variable standard OF value that sui
jects producers TO a constant tax. Whe
they are indlssolubly united. thel
rivalry is diHsipated and their contrC
yersy determined. The second reaso
Is that when the two metals are unite
in one, the amount OF the volume q
money Of the commercial world
doubled. and commercial exchanges NJ
SO much the more facilitated"
do not believe that an internationl
! aprcement or international bi-mefnl