Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-01-11

opinion. from the much greater evil
OF the unsatisfactory condition Of the
people. An Issue OF bonds IL doubt
lessly a boon to that small class OF
persons who have large incomes which
they have not the knowledge. Industry
or courage to use probably. who long
Tor Investments upon which they may
draw Interest without any greater lab
or than clipping coupons, but to no
other Glars IL an issue OF bonds de-
sirable. II IL true that the govern
ment is not collecting as much revenue
Just at this time as Is needed and some
steps should be taken to provide for the
aehcief cy The secretary OF the treas
ury, however In his Official report
Shows that this deficiency win be tenn
porary and not continue beyond a few
months. The amendment proposed by
the committee, II enacted into law, will
amply provide for this for the issue OF
ahort S50000.000 of silver certificates
against the seigniorage. now held in
pars In the treasury is one OF Its feat.
ures, While tire deficiency estimated by
Mr., Carlisle is far below that sum.
There must be something radically
wrong IL the richest and the frcest
nation on the globe is In such a con-
dition OF absolute helplessness and de-
penuence as the president seems 10
consider. The conditions OF distress,
not only In this country. but In En-
gland Germany and France, great ma.
tions OF the world will not be denied
by any one. How does II happen that
In time OF profound peace all over
the world. with abundant harvests,
with no pestiience or other such calam.
ity, suck condition of things can
exist? No local cause can account for
II, for II embraces all the greatest ma
tons In the world. There must be
aFsTat tsaer 10. Ill
tries 10 cause such widespread dts
tress, when uniform in character. That
cause seems clearly to be the falling In
prices which has cursed and blasted
this country for twenty years.
or course every fall OF prices Is not
an evil. fall which results from i'm
proved methods of production or from
improved and cheapened transporta-
ton is blessing, and brings prosper
ny to producers, while It showers its
blessings upon consumers. There is,
however, one commodity which, while
Affected In Its value, necessarily affects
all other thirgs in the world. In all
countries. towit, money. Suppose
money to be doubled In value sud.
denly-it would take just onc-half less
OF II to buy any given article as IL
would have taken before the rise in It's
value. This rise In the value Of money
would then find It's expression, Its
visible manifestation, In a fall OF gen
eral prices to so per cent. of shelr
former scale. while money would re-
main nominally Just as 1t was before,
and the superficial observer might
think and n modern goldbug would be
sure to think. that this change In
prices had resulted from overproduc-
tion and improvements In methods OF
production and transportation and not
In the change In the 'alue OF money.
The volume OF money lessening. not
absolutely. but In proportion to the
volume OF trade, has OF necessity con-
tlnually Increased the value ~ money,
and by this hidden. unseen md covert
means. confscatlon of he properly OF
the masses for the beneflt a. the indi-
viduals has and is being a complished
and this condition OF things must and
will continue 50 long as the laws re-
main as they are now, Causes wi ich
have operated to produce the present
results win continue their operation
ht@n in the last twenty years ri duced,
say 80 per cent. win be In the next
twenty years reduced 30 per cent.
more The great body Il those who
declare themselves sound rr~""'' -'7n
say that they are In favor of interna-
tionnl blmetallism.
Almost everybody In this country
land. Germany and France SHOULD
9gree to oren their mlnts to me unllm-
tied coinage of silver at Is liz to or 1T
l6 to that silver would at once re-
sumo its Id value and that conditions
Of general prosperity existing prior TO
1873 would be Immediately and pcrmn-
nently restored Nobody would Suffer
wrunP--aven the hondholdcrs WOULD get
their own with interest. This, ! beirN
is almost the universal conviction.
But we are assured that Great Britain
viii not consent to this because OF
selfish reasons Of small class of bank
ers who disregard other interests even
In England. When II Is Is clear that
England will not consent to an Inter
nation;s agreement and that Frame
and Germany will not move except In
company with England. then the ques-
tion comes home to us what VIII the
people Of the United States doY ire
mendous responsibility, In this emer-
gency, In my opinion, rests on us as
nation. II other nations Will not Join
us in the great movement In the Inter
est OF humanity, It Is our duty to I'M
dertake II alone. l balleve that the
unlimited coinage of silver would. by
reyiying commerce, increase our rcve-
niies and do away absolutely with any
pretense OF a necessity to issue bonds,
and that under that bill revival OF
business would take place. There Is
nothing for us to do but present the
system we believe In, to discuss u
and appeal to the last great tribunal.
which must decide II. The friends OF
bi-metalllsm are ready and anxioua to
have the people settle this question.
They hope and believe 1t Will speedily
be done, and done well
Mr. Jones spoke for about TWO hours.
When he finished Mr.. Teller asked him
what speed II was proposed to make
with the consideration OF the bill. and
when a vote would be asked.
Mr.. Jones replied that as there were
quite number ~ senators who de-
sired to be heard. no move would be
made toward br ing the bill to
VOTE for some days at least.
I'll Monday,