Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-02-23


corpses. For the benefit of those who
claim they can NOT vote IN the primary
because OF the way the ticket is
worded call attention to the definition
or bimetaliism' In volume l.. Amerl-
can revision and addition to the ninth
edition OF the Encyclopedia Britannica.
to-wlt; 'Bimetalllsm." term used to
denote double monetary standard OF
value az hNed by legislative enactment,
supecincally II is that system OF coin
| age which recognizes either silver or
gold coin as legal tender to any
amount as circulating medium and
NJ nNed relative Value. 1t includes
two essential features ~ an open mint
| reuus 10 coin any quantity OF either
! koid or silver which may be brought
I 70 II, ana t2l the right on the part OF
the Debtor TO discharge his liabilities
az MS option In either of the two met
avs at The established legal ratio" This
b eNhetly what we said should be on
me ticket for bimetalliam Hon, John
sherman with whom our gold friends
IRE now running) In a letter to w. 5.
trosIeck OF Cincinnati O., OF date July
10, 1873. thus defines both standards:
During the monetary conference In
Paris when silver In our country was
excluded from circulation by heing
unoerValued / was struggling In favor
of the single standard or gold. AT that
time the wisest Of uH did not anticipate
the sudden fall OF silver or the rise of
gpld that has occurred This uncer-
tainty of the relation between the two
metals is une OF the chief arguments
IN favor OF n monometalllc System.
nut other arguments showing the dam
grrous effect upon industry by drop-
ping one OF the precious metals from
the standard of value outweigh In my
mind all theoretical objections TO the
puhetsUlc system In correspond
ence between MIR. Hamilton and MIR
Jeucrson upon the framing OF our FIRST
coinage law both agreed upon the two
or himetnllic standards. ON the 9th
OF May last. our friends the gold stand
ard people, issued nm address from
Waco (where all boiling from Dcmoc-
raoy seems to oriRnate) signed by
Rufus Hardy w. u. Hughea. V. W.
Hale, A, l. Matlook and others SEQ
ton reads ns follows: I'VE hold
that there can never exist with any
people FOR any definite time two dir
terent standards OF money value, aud
the history of this country since 1909
abundantN confirms this assertion. We
stand with Andrew Jackson, aud with
our present Democratic administration
Tor Suld as the unit measure OF value,
ana as the best and most stable meas
ure yet discovered by human efforts
And we demand Of our lawmakers that
TINS country shall take no backward
step upon this question, hut to the con-
trary that the gold standard OF value
shall be maintained invlolate. etc. In
the resolutions adopted at Memphis,
when John q. Carlisle OF bond fame
spoke. ne Bill Sterrett said. to bank
ers, nothing but bankers" and Judge
Hardy received his commission to go
out and preach single gold standard
ism the following language is used:
"At this time there liz no country Ia
Il 1T. H. a. a
lie standard and neither In there any
country where the free coinage OF sill
vcr obtains which Is not on silver
basis. Each country, on account Of It's
inability To adopt Independently any
himctallic standard must elect for itself
which 1t prefers. the gold or the silver
standard. We therefore, In the abb
senoe of cooperation favor the reten-
lion and maintenance OF the existing
gold standard" MIR. Hardy In d letter
TO the Dallas News Of date October &,
last says. " Now the fact that I favor
the single standard. the gold standard,
our present standard, IS well known"
our bimctallic Democratic friends
at Fort Worth on August last In
section i've OF the resolutions adopted.
use the following language: we are
In favor OF and demand the restoration
OF silver to the place Il occupied prior
To the passage OF the act Of 1873 as n
country and demand tho free and
unlimited coinage Of both gold and
silver at the ratio Of iG to ! Of gold,
And that the same DO made loyal ten
der for all debts public and private"
Now the issue has been made between
the two factions In the Democratic
party. one contending for blmetalliam.
tho other single gold standard and
our gold friends now appear inBncere
and ridiculous by attempting TO dodge
the issue and skulk behind pretext
that they are for honest bimetalllsm.
Such political cowaIdice and trlckery
will not stand Investigation by the
people. on the 27th OF May last the
Democratic Executive Committee OF
Texas met In the city OF Dallas for the
purpose OF taking such action In re-
gard to the settlement of the financial
question within the party lines as was
deemed expedient. This meeting of the
committee was precipitated by the
calls of the two factions for organiza-
ton, When the committee met ON the
9th there was not quorum present
and 1t adjourned until the next morn
ing at 10 o'clock. After calling the
committee to order the next day. |
said: 'Fellow-D Democrats, II there ever
was n time when conservation should
prevail In Democratic counAcls u IL
now. Wisdom. conservatism and toll
ernnce should characterize our actions
issue before the Democrats OF Texas
should be had. and ultimately II should
be submitted TO them at n primary
election for settlement. The people
are the source OF all power OF all
authority and they should be left free
and untrammelad TO settle this ques-
tion." Resolutions We're introduced by
Mr. Wear OF Hillsboro which were on
motion referred to a committee of I'VE.
appointed Mr.. Wear and Mr.. A. s..
Walker Jr., from the gold men and
Mr. Nm and MIR Barefoot from the
silver men. and before ] could appoint
the fifth man II was moved and car
rled unanimously tAir. Walker making
the motion and putting the samc) that
] should constitute the NTH man ON
this committee. This committee had
no trouble In agreeing, and one Of the
resolutions agreed upon In as follows;
Resolved, That II Nv the sense OF this
committee that the question as 10
whether the Democrats Of this state
favor the free and unlimited coinage
Of silver Mt the ratio OF 10 to ] or
whether they are opposed to the same
viii and shall be submitted to the
Democratic voters OF the entire state
at such time as this committee deter
mines. And that said question be 40
submitted In the same primary cleo |
tion in which delegates are selected to |
the usual conventions" The resDlu- |
lion also recommended two state con-
MENTIONS. the nominating convention |
10 be held after the national conven-
tion These resolutions were adopted |
unanimously with the exception OF |
Mr.. Dunlap, inte OF the Galveston