Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-07-07
A Feast for Politicians at
Holland.
CROWDS IN ATTENDANCE.
Three Political Parties Represented
by Able Orators at hollands
Fourth of July Celebration.



represented by one of Its ableSt auNo-
Gates. Judge Clark opened in the morn
ing with a two hours speech and was
followed In the afternoon by Congress-
man Bailey and Ralph Beaumont, each
OF whom occupied the same length OF
time as Judge Clark From eight TO ten
thousand people were present. Excel
lent weather prevailed and so did good
feeling The speakers were listened
to with close attention, and sound
money" democrats and popullsts APP
plauded their individual speakers at
the right tlme. Dinner was album
dant, and the well fed crowd INDUCED
in neither political nor personal scraps.
Judge Clark began with the state
ment that he was gold standard man
and followed with the declaration that
the people were never more prosperous
than they now are. He cited statistics
from 40 to the present time to show
the rapid Increase in the country's
wealth, which. thanks to the benign
influence Of the single soundness, was
fast accelerating every day. Upon this
basis he claimed that the masses of
the people were in better condition
than ever before The farmers had
no ground ON which to base a kick, and
the clamor for silver coinage was rot
ten howl. He claimed that the country
had been on a gold basis since 1884.
During the first seventy years Of Its
existence the United States coined but
four million silver dollars. and prior to
1873 only eight million had been coined,
none Of which were In circulation when
the decentralization act-denounced by
the silverltes as an outrage. but which
in reality was but recognition OF an
existing fact-became n law, The real
decentralization OF silver occurred long
before 1873, The act of 1873 was mere
ly n dropping of the silver dollar from
pntnu m FplpitgRRg Tho nrnpphnnt
was established by Thomas Jefferson,
advocated by Thomas Benton, and II
Ind found an earnest supporter In
Andrew Jackson. The first to make
war on silver was Jefferson's secretary
OF the treasury, who recommended TO
congress what In effect would have os-
tablshed tho gold standard, and no
objection was made by Thomas Jeffcr-
son. The claim that the republican
party was responsible for the act OF
1873 was without any foundation In
fact. John sherman, the reputed father
OF the act. voted against It. Every vote
against II was cast by republican,
and every democrat voted in Its favor.
He was proud to claim 1t as dom
cratic measure, He would agree to
vote the free silver ticket II he failed
to establish beyond doubt that Jetfer-
son and Benton favored silver demon-
citation and that Jackson was an adj
Mr. Bailey would pledge himself to sup
port a single standard ticket in case the
proof was made. From tabulated re-
ports. which he claimed to be authcn-
tic. he had an obliging popullst friend
read evidence that labor was recciv-
Ing better wages per capita than at
any other time In the country's his
tory. He also had read n speech OF
Thomas Benton, In which Benton was
made to declare that gold was much to
be preferred to silver as money because
OF It's portability, etc, etc. and that
gold was the strongest enemy Of banks.
He told the free silver advocates to 20
TO the popullst camp. whore they right
ly belonged, II they ever got free sill
ver Il would he from the popullsts-
never from the party OF Jefferson,
which had been n gold standard party
from colonial days.
Congressman Bailey took the stand ct
! p. m, Judge Clarks claim that the
democratic party was and had ever
been a gold standard party was de-
mollshed as a stronghold OF cobwehs
! by tornado Mr.. Bailey and the
hosts OF true democracy were willing
and would be glad to have the coin
age laws OF Jefferson's and Jackson's
| times part OF our national statutes
| He plainly showed by their public ut
terances and by the acts and votes Of
| their leaders that such legislation was
entirely foreign to the desires Of the
] goldbug element OF the democratic
| party. At the beginning of his adj
dress Mr.. Bailey suggested that his
! position In the debate heiltted the ac-
| tual condition of the political agitation.
| He occupied the middle ground In the
discussion, AS the great democratic
party occupied the conservative posi-
tion between the extremes of the sim
gle standard on the one hand and un-
sau 49, ~. HNaH :
| standard crowd held that the amount
of money in circulation had nothiu
to do with the fall In prices, the fall
being due altogether to over-produc.
tion. The populsts. on the other ex,
IRENE claimed that money had all "a
do with II, and that supply and de.
mand did not enter as a factor. Ron.
ullsts had been heard to declare In
favor Of the repeal OF the law of sup
ply and demand, II being antagonistIt
to the welfare OF their political or
ganigatlon) Both We're wrong. II
took both supply and demand and tn,
volume OF money to determine price
One operated TO considerable extent
and tho other also had great weight
The supply OF wheat was greater II
1852 than In 1898 All things else be
Ing equal, the price would have beer
greater at the latter date; but II WA
iess-causcd by contraction OF tn,
u
might not be the proper ratlo--th,
speaker and the democratic party wer,
not infalllblo--but II experience demon
strated this ratio TO be an over valun
tion OF silver. the way to remedy tn
defect would be TO lessen the amour
of gold In the gold dollar. The de
struction OF one-half the money in IN
world doubled the holdings OF the cred
itor class, and II added 100 per cent L
the liabilities OF the debtor. The crucla
test Of the value OF silver was its pur
chasing power. Silver had not depro
ciated In value-gold had appreciate,
the truth OF which was demonstrates
by expressing the value OF the tw
metals In commodities. The value o
silver expressed in the commodities O
commerce was greater than before de
monetsatlon. Viewed In the light O
hts well known and always vgorousi
expressed hostility to banks and BAN
paper the contention that Andrey
Jackson's views were Identical wit
the Views OF tho sound money! crow
, was farclcal in the extreme. Thoma
Benton, instead OF holding that IN
country should adopt gold alone dc
clarod there was no lnsurmOuntabl
difficulty In the way Of making silve
one OF the standards,
Ralph Beaumont had the last licl
Bubbllng over with Irish wit, he kep
the audience IN roar, He score
} Judge Clark q few, but the Judge ha
been so thoroughly attended to by Nj
Bailey there was but little left to wor