Southern Mercury. (Dallas, Tex.), Vol. 21, No. 4, Ed. 1 Thursday, January 24, 1901 Page: 3 of 16
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Thursday, January 24, 1901.
Mr. Gibbs through the bale of wheat, quaintance with millionaire H. Corpor-
is a matter of public record in Cooke ation Pierce was through a letter from
and Dallas counties, and this $1,326.29 Bailey's friend Francis, the man who
which was collected by Mr. Gibbs bought the ranch for Bailey. It will
through the sale of the wneat can be also be observed that Mr. Bailey says
traced if the committee so desires it,, he came to Texas at the request of
by summoning E. A. Benham and Mr. Mr. Francis and Mr. Pierce to secure
i v.iguson (whose initials I forget) and the readmission of the Waters-Pierce
Major M. Jett and Mr. Halsell (whose Oil Co. Mr. Bailey also says that the
initials also I forget), all or whom only evidence he had that the reorganl-
reside at Farmers Branch, Texas, zation of the Waters-Pierce Oil
Messrs. Benham and Ferguson were Co., was in good faith were the as-
tenants on the farm and produced the surances of Messrs. Francis and
wheat which was delivered to Mr. Pierce. In Mr. Bailey's own words:
Gibbs as rent, and this wneat was sold "Francis vouched for Pierce and r
by Mr. Gibbs at Farmers Branch to vouched for Francis."
Major Jett and to Mr. Halsell. Mr. Bailey vehemently denies that
"it is not pleasant to be compelled he accepted any compensation from
to make a public statement of my the Waters-Pierce Oil Co. or from Mr.
private business affairs, and it is still Pierce as an individual.. This has nev-
more disagreeable to be compelled to er been charged. §ut Mr. Bailey ad-
state the private business affairs of mits that he did accept favors of a
other gentlemen, but a man can not very valuable nature from Mr. Francis
stand upon a question or tnat kind who was the instigator of Mr. Bailey's
when his integrity is assailed, and I whole course in the matter. This may
have deemed it a duty to myself, my not have influenced his actions in the
friends and, most of all, to my party slightest degree.
and to my state, to trace every dollar The regret about the legislative part
of the money paid for and received of the proceeding is that the commit-
from the land, cattle, horses and mules tee appeared in a hurry to vinai * te
purchased by me from Mr. Gibbs, so Mr. Bailey. It looked*as if they had
that no honest man can misunderstand been appointed for 4 purpose and they
the transaction and no scoundrel c&n were anxious to get ^through with
ever again successfully misrepresent the business in hand. The calmness
it. and the dignity which should clothe
"Mr. Bailey said ther was nothing in the most important duty of the ^reat
public office, and he had bought the lawmaking power of a gi'eat state
farm partly because he wanted to help were conspicuously lacking. Congress-
Barnett Gibbs out of debt, and partly man Bailey himself, throughout the
because he thought he could carry it course of the "hearing,' displayed a
along for ten years or so, and that petulance and impatience and not in
the enhancement in values would en- keeping with his position In the pre-
able him to pay for It all by selling tenses. He bullied some of
half of it. He wanted to accumulate witnesses, he conducted the ex-
something he said, against old age. He amination in hfs own behalf, and
said he had at one time owned some made several interlocutory speech-
property, but let it get away from him. es which would not have been allow-
People then said he was a fool. Now, e(* *n any court in the country. At-
because he had tried to get some prop- torney General Smith, on the other
erty, some people were trying to make hand, with becoming regard for the
out that he is a rascal. He said if proprieties of the occasion studiously
it had not been for the blessing of absented himself from the sessions of
good crops last year he could not have the committee until called in to tesci-
pulled through, and would have been 'y-
sold out, iock, stock and barrel, with It is useless, however, to go into this
debt hanging over him, and in that matter more fully now. The oil case
event, he said, he would have given investigation is dead, so far as this
up his homestead to pay his debts, legislation is concerned, but it. is not
as he had done once before. dead so far as the people are concern-
"He told of the cordial relations that ed- Coal 0,1 hasa very Pungent odor
. had existed between him and Barnett will manifest Itself a long time.
Gibbs for years. Gibbs' brother in The People have a right to know a few
Mississippi once did- him a favor, and things, and sooner or later the truth
he said he was not the sort of man wno the whole matter will develop
forgot these things. He said he had So lonK as the people can stand such
not fallen out with Gibus uecause of performances as those at Austin last
his "furlough from the Democratic par- week, the Mercury can.
"Further along in his testimony Mr. INCREA8E IN VOLUM& OF MONEY.
Bailey said that when Mr. Pierce had
determined to organize a new com- Robert Treat Paine, defeated Demo-
pany there was some law business, cratic candidate for governor of Massa-
and if Mr. Pierce had asked him to ac- chusetts, said in a speech In 'Maine
cept employment as an attorney he the other day that few realized how
should not have hesitated to do so. radically money conditions had chang-
Mr. Bailey said there was a marked ed since 1896. When one considers
distinction between a trust, which is a the figures Mr. Paine presents in sus-
violator of the law all the time, and a taining his statment he will arrive at
company, which may make an illegal the same conclusion.
contract and violate the law in that He shows that in four years the gold
thing only." production of the world has increased
It will be noticed that Mr. Bailey to $1,043,000,900, or one-quarter of all
admits under oath, that his first ac- the gold which the world then had as.
a result of its accumulation since the
dawn of time. In this country $247,-
000,000, were thus added to our stock,
while we gained by importation $196,-
000,000; but in addition to these sums
we coined $56,000,000 of silver and a-
mended our banking system to in-
creased the issue of paper bank notes,
which, since the law was passed in
March, has added $77,000,000 to our
July 1, 1896, our money in circula-
tion was $1,096,000,000; Sept. 1, 1900,
it was $1,509,000,000, an Increase in
four years of $587,000,000. Mr. Paine
adds that "the contrast between this
stimulating expansion of the currency
and the stagnation and contraction
in the preceding four years Is as sharp
as the contrast between the boom
now and the panic then. Not only
has the total increased in four -years
over one-third, but in spite of the
growth of population the amount per
capita has risen from $21.10 in 1896 to
$27.64 on the figures of the new cen-
sus." This is the largest amount of
money in circulation per capita this
country has ever known.
The above, from the Nashville Am-
erican proves the truth of the Populist
contention on the quantitative theory
of money. Had the greenbacks been
let alone, no contraction laws enacted,
and the coinage of silver continued
we would have had a continuous
boom due to natural causes, from the
end of the late civil war to the pres-
ent time. The seeming prosperity of
today has come too late for the mil-
lions who were ruined and died in de-
spair owing to millionaire legislation.
Lord Kitchener says the Boors are
murdering the English. What have
the English been doing to r.he Boers
for the thirteen months past?
ally they are bound to be victorious.—
An average Kansas farmer with
160 acres will produce this year
more than he and his family can con-
sume in twenty years. He manages
to get one year's living out of it. Who
gets the other nineteen? What right
has he to it?
EX-Populist Tom Patterson succeeds
E. O. Wolcott as senator from Colora-
Pops, the Silver Republicans and the
Bryan Democrats, who composed three-
fourths of the legislature.
Now that Mat Quay has won out !u
him game for the United States sena-
torship, there is a lot of surmising as
to how he accomplished the feat, in
view of the fact that fifty-eight of the
legislature had signed the following
"We , the undersigned members ol
the general assembly of Pennsylvania,
hereby pledge ourselves that we will
not, under any circumstances, vote
for the election of M. S. Quay for
United States senator, nor will we en-
ter any caucus called and controlled
in his interest or in his behalf."
Pennsylvania has been doubly dis-
giaced by the return of M. S. Quay to
the senate. First, because a majority
of the electors of the commonwealth
were opposed to his election; and sec-
ond, because of the means employed
by him and his agents to secure the
votes necessary to relmpose him as n
senator upon a cheated and humili-
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315 main st., dal8a8, texas.
The Electrical Workers in this city
who are on a strike with the South-
western Telephone company are to-day
in jubilant spirits over a dispatch re-
ceived this morning from R. R. Tripp
Mr. Tripp Is third vice-president of
the International association of Elec-
trical Workers and as such is a mem -
ber of the executive board of the asso-
ciation. He left Houston last week for
St. Louis to attend a special meeting
of the board. The meeting was for the
purpose of looking into the telephone
strike situation in Texas and Califor-
nia and the outcome of it has been
awaited with eagerness by the strikers.
The first Information received camc
from Mr. Tripp this morning. It was
a telegram stating that the Interna-
tional association would center all of
its power upon the Texas and Califor-
nia controversy and would asist the
strikers to win. This is construed to
mean that the International associa-
tion is now in the fight and the strik-
ers believe that with such a powerful
II Houtli of the
llallasiexAs om« n *er
CHAS. W. LANDON, Director.
Gives superior advantages In ull branches
of music. Musicians of proved excellence
or their qualifications and gifts In tench
ng all gradts of pupils.
Open All The Year
Home Boarding Department
Piano Studios, equipped with Concert
Grand Pianos. Virgil Practice Clavier,
Brotherhood Technlcan and large Musical
Vocal, Violin and Mandolin Htudlo
equipped with every b« Ipful appliance.
Organ- Studio equipped wltb a superior
Two Manual Organ, having a pedal Bcale
of thirty keys of Regulation Dimensions,
and an extensive collection of organ mu
Special Condensed Course
or Musle Teachers beginning June 4,1001
Address for book or f or Hummer Sehoo
circular, P O. Box 801, Dallas,Texas.
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Park, Milton. Southern Mercury. (Dallas, Tex.), Vol. 21, No. 4, Ed. 1 Thursday, January 24, 1901, newspaper, January 24, 1901; (https://texashistory.unt.edu/ark:/67531/metapth185884/m1/3/: accessed May 19, 2019), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .