Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-04-26

planned why II was that for 200 years
gold and silver held their market ratio
Of about 10 l-2 to ]. 10 ratio fixed by
law was 10 to In some countries. 10 IL
10 ! In most countries, and for n while
l6 to l Ia our country. In other words
the market ratio as shown by the tables
remained practically the same as the
statutory ratio during all that time.
If the two metals cannot stand to-
gether how does II happen that they
did 10 without serious fluctuatlon for 200
years Notwithstanding the fact that the
annual production Of each metal varied
greatly from time to time,
Fourth IL only one OF the metals can
be a standard and a measure of the
value OF things. and n combined stan
dard OF both gold aud silver Is as Inn
possible as Il Is 10 have 'wo yeard-
sticks OF different lengths, why was It
that some OF the greatest 1nancierH Of
the world, and particularly Baron
Rothschlld, stated In 1863 that Il was the
sum OF the two metals taken together
which formed the measure OF the value
Of thlngs2 No matter which metal
might for a time predominant, never-
thelcss the sum OF the two taken togeth-
or was the measure OF the value Of
all property. II the same countries had
STRICKEN down gold by law and destroy
ed II ior monetary uses and made silver
the sole standard, would not silver have
gone up and the purchasing power OF
gold gone DOWN.
Fifth. MIR, Carlisle should have OK
planned why II was that Ia every CONN
try where silver was stricken down
1t was done by the arbitrary act OF
government and that neither commerce
or Guinness had anything 10 do with II.
o. ls II fundamental law recog-
nized by gold standard nngnclers ex-
cept recent converts, that when tho vol
Ufnp of la 81 a.t T.
the selling price VI all property and
commodities gosti down correspond
ingly. Therefore. tho wiplng out by
law OF nearly half the money OF the
world had TO reduce the selling price
o. commodities proportionateiy. And
lnnArnuch as the debts were not reduc-
ca az interest was not reduced, and as
taxes werc not reduced does not Mr..
Carlisle think even now Just as he did
IN 1878, that great crime was COM
mitted against the entire debtor class
aud against the production class by
bringing about condition OF affairs
by law which compelled the debtor tho |
producer and the laborer to sell twice
os much property or labor as were
formerly necessary to get the anme
amount OF money!
Z. lf prices are 80 reduced that II
takes everything the debtor can get |
together to pay his fixed charges and
NJ
gether TO buy little coarse clothing |
and plain food for his family can either |
the debtor or tho laborer ppend much |
money buying other orticles3 nnd IL |
he cannot then must that not result In |
the destruction ~ what we once called |
our great home market.
II this 80 DESTROYED M NO,
our factories and industrles nre ,nshis
TO dispose of their productions must |
they not shut down ana throw labor |
out OF employment Is moi that ex-
try7 - ''''S Soui-
.. AS the laborer prospcrs most when |
,.u' Is y large demand for the articles |
low that until there Is a rise m uriees /
70 that the debtor class and tho pro. |
ducing class can again do large mis-
selieneous buying there is no hope Tor /
the laborar. ~
v ~ there cannot be q general rise
M prieen without an increase IN the |
Nplu,ne OF money must not the present |
paralysis and htagnation continue In
the world until the volume OF money is
again restored TO what IL wna hsfora
silver was stricken DOWN
~, There are IN tile Unulted sfntes
over nine thousand banks, includinr
, .,a,,onai, state and private. The comp
,Weiler OF the currency one OF Mr.. car
l,sle'a assistants received reports nom
.nese bai'As showing the total amount
OF money OF evory kind that each hank |
hnd on July II, 1895. From this rennrt
II appears that there were IA roma
numbers vnly yi210Oo,u0O OF gold IN All
Ok the banks OF the United STATE
hnls was all OF the available eold IN
tiiia country. There were about slod
vVooo0 In the treasury at that limo
put thia Is not available. Mr.. Carllsie
~ not refer TO these figures, which
are known TO be accurate. Bur instead
" cltcu the figures given out bv lie
director Of the mint, also one AZ his
nsHstants IN which Il IA claimed thar
mere are about 5000, 900 OF gold IN
,hia country. Mr. Carlisle nast know
IN ~. these ngures are Incorrect and
tor of the mint on this point ara Wi.
less bechuse II hppcara from IN renar,
~ iasz mat ne assumes that every dois
lar put IN circulation ainca tN3s Il ~
e2un,ry ~ htll In circulation oxcen1
where record was innde OF i'd exoos
,,atlnn, and that he has made no ~, L
lnWhnce Tor the money that was csY,taS
s .n,,,, eno northern boundary and or
. suutneln boundary for t,vonfv. fn,,,.
years nor FOR he money care,nS Nv, hout
pS Sninese during that fImo M, ~ ~
toiu com used In the arts ana ~. "
p XVI, curing that time, nor for niihs.
VIZ w, nor for all that was ra,,ies
. $3.50 nv ocean In The poctels ~ ., ~
,,rop,e curing all those vears WI ".
M ",tes,er says In his reuoris ~ az,
fntat n's me Parts expneition a.
N az wv ~, spent ny our people ahrnas Il
why docs Mr. cprlsle use S s,s,,, n,',lon'
-. ~. 1,nvwh are Incorrect ami M, snnt
ser'iN gwen ont only for thS NJ.
',i'-'rauihk IRE American bcos,,l 4. =. ~