Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-29
PRICE FIVE CENTS.


Indispensable for use for the various
wants OF mankind. Gold Ia now and
has been for ages the chief measure
or value in International commerce and
the larger transactions of domestic ex-
changes, silver from It's bulk and
weight Is not available for trading pur-
poses either at home or abroad. but IL
" indispensable IN the minor wants OF
mankind. Gold from its greatly SUI
perior value, cannot be utilized for
such purposes. Therefore II Is that
both metals have been coined into
money as fixed ratio. Tho enormous
increase OF the production of silver in
the United states, Mexico and Aus
tralla has disturbed this ratio and has
lowered the market value OF silver pre-
cinely as n like increase of production
mas lowered the prices OF other CONF
modiues, IL Is universal law that
price or value is measured by quantity.
Under these conditions The rational
and proper course would be change
OF ratio, but this can only be effective
as to these two metals by concert OF
action among commercial nations. uu-
al this can be accomplished the only
logical way IL for each nation to coin
both metals and maintain the value
OF the cheaper metal at par by llmIta-
ton OF amount and redemption when
In excess 81 the demand for H. Such Ia
INV INV HbllAA VI inc Inlltu EthttN
and OF every commercial nation lnclud-
Ing every country In Europe. Other
nations adopt the silver standard alone
not from choice, but from poverty.
believe that the policy OF the United
states adopted In 1858 of coming frac-
tionnl silver In limited quantities from
silver bullion purchased at market
price and making them legal tender for
small sums ~ the only way to preserve
the parity OF gold and silver coined ut
n fixed ratio. This Is properly called
hl-metnllic money. ] hope and believe
that the common interests OF CONNER
clal nations will lead them, through an
international commission, TO adopt
either new ratio on the market value
OF the metals or 10 coin them and
maintain them as we do. at the pres-
ent ratio. The policy followed by tho
producers OF silver. and by men who
wish 10 pay their debts In cheaper
money than they promised 10 pay IL
the free coinage OF silver. This means
the single standard Of silver and the
decentralization OF gold This Is only a
mono-metaillc syatem. II ~ the degrn-
dalton of our dollar to nfty cents. IL
applied TO our national bonds II IL
reputation Of one-hnlf Of the public
debit II IL the reputation OF onc-half
of all debts. II confers no favors on
productions Of amy kind whatever. OF
they get nominaily more dollars for
their productions their additional doll
lars would have only one-half purchase
INK power OF the gold dollars. Tho
great hardship OF this policy would
fall upon worSingmen. skilled or UNI
alSille1 whose daily wages are meas
urod by the present standard Ia higher
than IN any country of the world.
Their wages will purchase more Of the
necersaries OF life thnn the wages paid
for similar labor anywhere outsidqgof
the United states. II Nv n false rte-
tense that the oheapenlng OF money
will be beneficial TO them. The Ropub.
llcnn party IN lite national platform OF
1899 demanded good money OF equal
purchasing power whether coined OF
silver or gold or composed OF United
states notes and the national bank
notes based upon the credit Of the
United states. maintained at par with
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