Fort Worth Daily Gazette. (Fort Worth, Tex.), Vol. 17, No. 312, Ed. 1, Sunday, October 1, 1893 Page: 10 of 16
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cs
tho same lue
r franc
Ktamoof the sof mtneit is taken oil a
TOinmodlty
golA aod silver In
the
when it hi on Gold is a
but money I creature of
commodity Out ni wiw Iba
alt other coromoditlea which ar to be cx
changed hi tns worlds commerce nnwt
bar tint aims va ae itself la the world
market as it ha la tliomints ot its
tfirTerwit government If the coromMitr
which rve as the standard and wtucli
out and cornea in topay balances
Km Increaaod by doubling it vnlntue it
will to the same extent increase the ac-
tivity in the movement of couinieree
and aUo ill the production of the articles
that are exchanged throughout the world
5t will increaso production Increase trans-
portation aixt ioeroai Uie employment
of labor In all branches of Industry and
brio Increased prosperity to every coun-
try on the riobe For > w reaaona
air I am a bWtalllat andbilievethat
irinottutha of the American people of
alt parties are blmetsHlats
It hi a singular thing Mr Traldent
that whn Alexander Hamilton and Thom-
as Jefferson come together In the establish
inent of our mint while thev differed
aa far aa th North la from the Mouth
r the l > t from the Weal opon all I he
fundamental principle In relation to the
organisation and d tributlon of the pow-
er of tho government Uiey were In per
fort accord on tbe qnestlou of coinage of
the two metals It wns regarded by them
both as purely a bualnea aueptloo snd
out of the range of partisan politic
They both agreed that the unit should
tand on both metal ond that two
inetab should Iw coined at ratios so fixed
by law aa that each should be of tho
aame value In the markets ns whwi coined
t tha mint Thr both agreed that
there were great difficulties to bo over-
come In finding these value that the
work wot a very dclloate and difficult
ouMr I lent on ears that refined calenla
tlnna w r gone into scientific llirbt was
nought history ws rummaged hark to
the times of the ltotnan Umpire In or-
der to Ascertain the exact relative values
of tho two metals so that tho dollars
of each would remain la our drcnlatlon
Aknln he anys
The oicelr of the nnetlon was nit
grerated In the year lift by the difUrul
ty of obtaining exact knowledge f the
relative value of then metals at that
tltuo lit rraor aud liiclaud and Mr
tflftUatln has since shown tint the 1n
formation which wna then relied upou
wns clearly erroneous The consequence
i of utr mistake iu fixing our Stamford
was slso welt known fn the year 1702
Mr HerrvUry Hamilton lu his proposl
men for the etahllhment of a mint
expriwily declared that the ci iisequence
of a mistdke in the relative tulue of
the two metals would be the expulsion
of the one that was undervalued Mr
Jefferson then Secretary of stale
In bis contemporaneous report upon for
rliu coin dechuud the > aut thing Mr
llohert Mortis financier to the reToItttlon
arr gov em in ent In hi proposal to vstab
IIih mint In ilKi nns eqnally exnlidt
to tho aame effect The delicacy of tho
question and the eonno < Uenee of a uiU
taVe were then fully understood forty
yenra aw when 0i rtlatlre value of
sold and niHer woa fixed at 15 to 1
Here are three of th peotest flnnn
cters and In that line certainly three of
the sreatoHt men the rouutry has eer
produced all asreeliigthtttthcqueitlon of
the exact r latlre raluo of thexo two metals
wna n very delieato and a very dllllctilt
oue and that If a mlstnke Hero inatle
In filing their rulatlvn raluen that the
anetal whlrh os undervalued woulJ lie
expilled from our circulation After rum-
maging all hUtorr bark to tho Itoinnit
Umpire ns Mr It 111 ton says and nfter
all the aid which they could obtain from
eloutlfir inresilfnitlou they hxeil the nln
tive value at fifteen parts of slUer egttal
In one of sold nnd It was a mIntake
Hold was imderratued nnd left the eoun
try nnd silver lMcame tho standard of
mine Thece was cold coined at our
mints but It remained In tht
mints fn lNxet until It vwia called tor
to bo ahlpmd out of tho country About
the year 1H18 an Investigation was tnrt
ed to correct the mistake made In li > l
by these three great men
Several rtporta were inudo by commit
ter to eongrnM Mr Hturetary Oraw
fortl made nn able report on the subject
In 18LU nndlnlsaiMrUalUtlntxhouad
been foi many yeurs secetary of the treus
tirjr under Jefferson and Madison wrote
a letter to the aecrctnry of tho trensury
In wldi h he atatetl nfter n thorouich lu
TeatlgaUon of the subject that sifety
ns to bo found by roliilng one part of
gi > ld to nu amount of silver to be found
souwttbero between 10 BH and 15ta
Mr Gallatins vplntou was overruled
notntthstuiidtng n report was made to
the house fixing a ratio nt 1 to 13IEH 1
nnd a law ios pisse1 clianrfng the ratio
from IS to 1 to 15 OS to V The result
wus as Mr Uallntln had foretold llier
was undervalued and then illrer loft the
country a gold had done beforo 1KIU
when n was undervalued
Now Mr Iredldent with nil this his-
tory ehowlug the almost insurmountable
dUneuUy lu the way of fUltiff the rtlfl
tiro values of these two metaN audketp
lug them together lu our clrcitlatlou we
find some of our statonmou who propose
to Jump at a ratio witether right or wrong
bit or uili and put to peril tho m hole
of a vast financial eysteui upon which
rests tin propertly of nil he labor and
all the comimrco of our coirutry Our
experience ouglit to tench ns liow dllllcult
aud 1kw dangcroua U tho vrotk beforo
us If we fix n ratio ami tu < s It far
enough In nudrrralulns one metal to
male It profitable to export it It
will all leave us as U did before The
Sneatlon presents Itaelf to our mind
< nv can we by national action In the
rice of gold and sllrer so that that
brlce will remain staUe lurarlabla and
fcmnovable
Wa may ns well talk abont cunBret
Bxlne tho price bf wheat and cotton
throughout the world ns to talk about
itng the price of direr and gold through
Hit the wvrld and unless the price of
rold aud Oliver lu this country Is yrac
Hcally the same as In other countries
they will aoparate l ch will go lUn
irerr other product to the market where
tt Cuds the hlshest price If w aw able
n law to say that 10 pounds of cotton
iuall be enuWaleut la value to 1 butht of
A heat and fix the price of these two
irticlea at that ratio tbroiiithout the jtlobo
Hwa we ran fix tl > a prkw of all other
srticles and then we can determine tlm
sriee Jbleh the people of all other oun
Iriee bare Wo par for such ttrticlea
lhm I say that if we overvalue allrer
ind undervalue gold lll leave this coun
try I Uo not mean that It will all go at
inctt nor do I mean that nil the coined
tilTfr of the world will be dumped upou
A great deal of foolUhness of that
sort baa been talked 1 baTe answered
Jbat years ago llie coined adver of the
irorld Is oolncd at a standard of higher
fame thjia ourellver and will stay at
Vvuf In accordance with the same law
that our gold will go away The only
stiver that will cow to oor mints flltl
H the aUrer that cornea from the mines
J > ot dollar of silver which Is coined
b Europe will come to this country to
Displace a dollar In goldt but the ailver
annually produced from the mtaea will
wwne to ua < It will not all rome tn a d j
Dor wilt all our gold leave In a day bat
ere will nuady going out of oao
A ° I B u f lhfll otnw nnW too
told will dieappeai enUrely from out dr
tuuuon and the allver dollar will become
the standard of value nhen that takes
piaet 5T wwth of ailycr will bo
eome 100 oenta
How U that to bo archied It can
enlr be done by a comUosUyu of iMwera
infficieotly atrang to buy ana tell all
l
world at
thtraselrea
ied fMd agieed by I
there any power ia the world that
cua
t UV Are there apr uumberof ua
it tionj la JU world whl th can make this
cwtJHnatiua Ca it be dob wtuhout
Iflcgtanda cooperation I say jra uu
equivocally 1 w the eontIaiit of Ku
ropo with tbe United States can make
a combJoatloB an agreeiuent by whltli
Hhtr mil throw open their mints to the
ff
limited coinage of both gold and silver
ti
sUa ltl ounrcj of sliver for 1 of gold
wo will take all the lly In the world
and give 1 ounce of gold for 1U ounce
of silrcr
No mnn will offer to sell an onnce
of gold for twelve ounces or silver when
he can get 10 no man will offer J-
ounces of sllrrr for 1 quo of gold when
be mu get 1 owico of g d for 30 ounces
of silver Vrofit la the motive which con-
trols the trades of the whole human
family individually nnd collectively
Whenever that Is fixed and these pow-
ers say bring your gold here nnd we will
give you 10 ounce of silver for every
ounce of gold bring your allver and we
Will glyo 1 onnce of gold for every JO
ounces of silver tho price will be fixed
and It la not in the power of IJngland
nor In the rest of the world to defeat
It because the powers which ari united
In cooperation to establishing price
couiposu a majority of tho commercial
powers of the whole globe That Is the
reason
1 belle vet vcarf fliw that It was In
the power of the United Mate by a
Itobl stand to have taKeo the lead and
1 believed that Europe would bare fol-
lowed If the United fcttatea bad thrown
open her ndnte und detlared to Urn
world that i he Intended to take the l ad
that she would risk the nmaeqtwncM
and that she would coin without limit
nt 10 to 1 There was a time when it
was my opinion that If she bad taken
that bold lead the whole world would
have followed her with perhaps tho
exception of Kujflitid It followed tho
oung repuhllc in 1770 when sho made
ier treat strngclo for freedom wbrii
elm had torn down all the ensigns of
royally nnd deslcnated this as the land
of llbertr her sunas shook every throne
lu Jlnrvpe and thtro was a great si mu-
ch all over Kurope lo imitate und fol-
low her example
lu 1840 after n long dlsccussion crhen
sho determined lo nbundou the protwtlve
system which as obstructing the great
movement of her commerce nnd put
herself wholly tmon the prlnclnle of fnvi
trade not only J in stand but Hi
luropc fol
lowed her and there ucver wns n season
of greater jironperlly over the whole
earth than was witnessed duriug that
peri o l
In 1801 when she retraced her step
and declarM for commercial revtriotious
protection aminst compititlon almost
every iHiwer lu Kurope retraced Its otps
nnd followed her hnd example
In 1871 wheti Germany had over-
thrown Iranuo and exacted n thousand
millions In gold from her fallen foe she
determined to take uji lur silver nnd
replace tt with nold It was n l > old bid
move started to destroy onehalf tho
metallic money of thu world The hat In
tlolou aud other power In Iurope took
n tentative position nnd walte < l for the
leadership of the great republic They
auftpumled silver coinaee for 0110 j r
thin for nnother another and this watch-
ing continued till we took a decided stnnd
In febrilery 187H the other n iy then
they made thn iloslnit of their mints
permanent and one country after nn
olhtr has falleu Into thj column till In-
dia the la t strjngliuld of stlrer has
thrown up the sponjce and put herself
iu nlignroent with the eoinmcnlnl world
Tlut wis tho time whin John 1 Cor
ll lc dtooun sl tho f great touni racy
nt the lind of whidi was the lerman
empire that was the time when he uimlit
the splendid speeth vhich 1ms been so
often quoted and misapplied nermnnr
and thuse who Were following ber lend
ernhlp were proponing to dastroy ns
Mr CarlUlo said from thriefcercuths to
onednlf r > f the inetnl money of ihe
norld He deuuuneetl It as t > ue of the
greatest crimes vrw meditiitcil nnd to
counteract It ho proposed that tho great
npubllo should tube l > r plaiv thore ut
the head of the column boldly throw
open her mints to uullmlted coinage nnd
ut tlm same time send LommlHMtoiiers
to Kuropo to limUt mi their fallowing
and supporting us Then to nstoro hi
metalllim hi urgcil the forcing of the
menaure on npprapriatlon bills In urder
that perfett biiQCluIUam lul ht bo sctur
ed to the world Hut struugo to ay
those whn nre today advocating sliver
monomttallUiu uuoto bis inrueat vords
to nhon that Le Is linuimhtcnt Mr
t arlislo stands today whure ho stood
tliiU and if the conditions wero the
aame ha would urge the same courae
lint tht Uxttv I nut tho same our are
conditio us hi < nunc
ltut who to < lay U proposing to strike
out the Minn ce of tlm world 1000
tNRjHK of silver tiifiiT 1 wunt to t > oo
the culor of the Jialr uf the mnu who
darea to ndvocato it In then nny man
Iu Ihtrope or America At bo Is advovnUug
the ileumnetiiitlon of tho four bit I ion of
silver in tho wld eolungo today That
l not the qncitloii here at all Nothing
of the kind The question Is uow whether
we shall open our mints to the continued
free aud untlmlieil coinage of Uut nt 10
to 1 or whet lur wo sliall destroy the
silver dolllur that we have
It has boeu eald on Ida floor thit
lVavee has a blmetalllo sywteni Trance
has 7 < X > W00i 0t f Hther nnd sooxni
KW ut goll nnd bir i7tKMHKWM of sil
ver Is Orculallng on the standard of lar
SWlWXKi of gold If Iriuee should
takn ber coins to the mint and mUt
them iho would loso tho difference be
tween luO eents In g > ld aud 57 cents
If frame has bimetallism with seen
hundred mlllloas of sllrrr dollars and
elelit hundred millions of gold dollars
what do you tall the Quamliil astem
of Ibis country with six hundred mill
ions of vllvcr and oulv irix huiiilred mlll
loas of KM doltirsY let It U ileuicd that
wt hatu btuietatllsui
We liavo not Hie most perfect system
of bimetallism Mr President Tho only
perfect system of bimetallism as I hav
mid j when l > oU metals ut a giien
ratio ure worth in comnnrce juitt Mnat
they are In money We have not got
that but what we hate lu cinuhtlou
Is bimetallic We are u luj llcr upon
a gold basis but II Is Ulus tued all the
same
Mr VroaUlent t haTe becutUnking for
aomo time that there vas some large
amount of fclhcr being exiluded from the
monetary circnlatHiii of the world h > the
clo4lug of tho miuts 1W study ihh I
have been able to ghe to tho stntlstus
whkh have Wu furnUhed iuv letds me
to male this statement If the mints
of the world were thrown opeu to the
free coluace of silver today not ouothcr
ounce would get luto tirculatiuu I ib it
1 uko a eontradlitlou of that statetucut
here and now Kvery oun ols either In
currency or innDufnetures uud whether
you coin or not it will go by tireferenco
to nieuufriLtures becau If n mm enn
take a ellver dollar and make tt wortli
dollars he has
five the natural right
to expaud hU labor aud make tire dol
lars of It and he will do It aiiero
it no pov > er lo Christietidotu which can pre-
vent him from doing it aud 110 rljtht
fuPrower In Christendom whlth ought
to prevent him him from dutog It ut
another ounce of silver with all the luluU
throwu own alt over tho whole b1oU
could get Into the inoncr drculattua of
tho world aud 1 am going to pnnu It
too Hue before I go to the figures I want
to nuote a statement of 1 very dlatlu
u shed aecretary of the treasury Mr
AUodom My friend who alts before tne
irr paolel quoted It In his magnificent
speech a few days agtv The atntemvnt
has been made before Mr Wimlom
ww w7itt otba treaury said In
1 i
an omrlal report that there Is no sihrr
In fore gn countries which can wmo
Jfr Mr KJobJu treat leader in the
dUuasloa of free coinage and blmetalUsm
inJt l ian I T r PBt iccompU h
luent also
wj them was none I Hk
ltt usr frteod row Virginia admit
tnere
ia none
Theu Mr rrosldent wtat does a
ftla coutroreny tawtaj Tho whole coun
Sl eiL1 tu > J ft w ud to end
Si i lltftt lnSw tD Price of com
aecrM the
S ite J prie of mou
cYrVSalSnWe CUBC m > r ca H lnla
Mr MUI1Y
i UmIuLTIih mo M Ub d from
XfiK OAZtflTK Fli WUBIB TISXA8 HUNDAy UOTOBEIU ttfl
Irailillnn to retlwm llterthe ot
loppllilf at tin cutrmcln o ° rt W
r l pra nlothcr I rt wnull craw woliM
It not iinJ thin rnvcll ll olumo uf
Tiff MIIM1 Uo not comprchfnd mr
Mr IinUIIt wouM nuWrre t
purpci ol tlm ittJJ hr uqwrtlng ludf
holjlnn tli irolil
ii a dollar imtad of
ilollur In th tr inrr to protvet It und
Uieribr well tlis currnicjr
Mr MIIUI re < linn mr frirad from
Virginia ii a dlclple of Tlintna J < fferuii
and Mr Jrffmoii aaM If you liar a
nirtnllic clrcnlation aud It ia not cuoueu
10M and alllrr will flow from vhtro
It I alahfr to where It I lower to
tore tlio Mullllrlura We are all Dem-
ocrat on Id tide of tlu ihanilier y
nn all proud to 1 fulled JeuVrwnian
Drmocrnt and It make no ilitmwcu
wlipllior tlin illrer i clrculatlne oil tlio
credit of itold or whether the paper dollar
I rircntfllinff on the credit of void All
tlilnKl helu equal ho price of coinmo
dlllr U Hied by the amount of money
11 clrtulation I do not piean the moner
Iho
iu the treniurjr I not mean money
hoartled hut f mean the money that 1
lu tho market ucUtclj demaudlni ex
exchange
Mr Daniel Will the senator allow mo
to a k thl quexllon If Ii more ailver
rould aet Into the < olnatre ny opvti mlut
why iliHS he wlh to tloo tbe ralntf
why dow he wUh to rlo thw lulut
hy Iho lmple repeal of tho tihermnu
net without a auhntltnte
Mr Mill I aniwerinl that Mine time
nco I aid In the on iilug itentenee
that If the repeal of the Mitrnmn law
would restore lonlMewe und resile blHl
lie It wo the hii hi > t pntrlolk duty to
do It wlutluT alt ajtreo upon th caui i
of the pnttcut dltlkulty or not
Mr lreldent let too tnlo th atatl
th of tho world production of jold
and llvrr from 14r2 to 1NU a prrhvl of
Tour hundred jear Hie irolt aa JV
LllaKK l the silver wai
TIIHIKIKKI maklnit tojethet 17
HH > i7 l l when the cohmge of
the world today I Ie than tlIJUUOlX >
I and more than half of this lat mu
the nicumulatloii of four centurll la out
of the circulation of tho l orld aud la lu
UKinufaetur < I
Tho world present atoek of coin oe
rordlni to tho ollielal report of our
treasury depiirtmtut I trold InH
I1IIS llriT lH 7 i l mallnit
oltoitotlier 7li1lril Lit In take it
for the lat century and e what lia
Iin tho renlt Inmi 1712 to 1K2 tlm
Kold rroiluctlon a J3iiI iSiji i tho
coinage wa K7o 1430745 TLe world
pntduction of alr T for the rtme time
n MP77t ltK0I the coIuubo waa
07afl l7lH
You eo here In tho lat century that
wo > haro coined three tlioui > an3 million
HKro Kold and ailTer limn Hie world
produced In that lentury hire hi
It gone Into manufacture There It
whero it ha gone and you cau not
korp It from c < 4uj there When tlio
mauufacturera nnnt the har they will
lako them uul If the har la not con
vcaient they will take the coin It H
luipoklhlo for u to keep all the gold
and atlver protlucetl lu the world In
coinage i
Hut let ua take the dark period
from 1S71 to 1K1J We prndiue1 lu
Bold 2 IOUCl l of allvor > 40 >
ilVO KKJ Wo volned 2 > li 743 In
gold nnd WMliKKiJil In allrer We
coined over f7iiUIMKlliou more gold tlunu
wo proilmt i from tho mlue and we
coined ten mlllioni mote allrer than we
Produutl from the mlnca from 1S71 to
isiii
How I thla Why 1 there ao great a
dlvpirlly helicon tho o cc In tho
colntffo uf gohl nnd that nf allrer llo
cauac a 1 aid a while uco gold U tho
lni L of valine of the world and wheu
gold goo front tin country to Ilnxlainl
to nettle lmlumea It iWt not go aa did
lam aud lent hut It goea ua u com
modity ond if It la not Intended to ho
relumed dlrcitlr to thla country It goea
to tho Knglliti mint to ho coined Into tho
mniiiy of account of Great llrltuln Tho
ailmo la Iruo of rrunce tlio aauio of
Austria the nine of Hermany tho
twmo of all otltir imuutriea It it Hot
o with alller fiupt when w deal
with ailrer touiilric like Cliliu aud
Japan
I any here ilcarly and unequivocally
that then Is no gold and wltir iu tho
world that i not cltlur lu maliufm lure
or iu tho coins of the world or ou lta
way to one or tlio other aud if It is
manufactured you cun not got it out
iHcauso It It more luliiahlo lu uiuuufac
turra tliun It I in coin
lheu what adiantago cuu there Lo
now twlthotit an interuntlonal ugrie
menl llxllig tlio rtlutlvo prices of theo
two metal o that they will ho ludla
aoluhly lied together to throw wa our
lohita If we can not inereano our circu
Ittion No adriiutago ivluitever can no
umu but evils juiUHuauruble lu their
eaten t
Mr tleorgeWIII Ihe aouator allow
me to nk a niiivtlonr
Mr MIIIiiH r
Mr leorge Does tho aenator wish to
ho uuderatpod aa aaylug that there will
Ih h a allvtr colueil If wo repeat tie
Nieruian low than If it ahonld tand
Mr Mllla1 niu not talking nliou tho
Bliorutan law alone 1 am talking about
allier now My filend I anthlpiling
Mr Icorge Uoea the onttor latan to
ay Unit the repeul of tho Sherman
law will not docrcaM tho ooluugo of li
ver heioaflerr
Mr MjlUlf ar were to land per
fectly llll nnd no other couutry wan to
coin any uioro alitor than they are coln
lii < now there would h a dovreue of
the ojilnagej and o if the klisi wero
to fall o would nttdi all tho birds
If wo do not paaa any more approprla
Uoti IilIU tho goverumeut will Trtalnlr
oouw to a alondsllll 1 do not lucau
to U imderatood that wo are not golnc
to cola nay moro silver 1 am imply
luaklug nu nrguiuent to how that at
tV i Llirlsteudoai Umw loo
you can not put
Into thy world circulation another
Tl ° ilT Th hat
ay And J dn
mean to ay that If wit
open tho niliita to free ciluugo under
ealstlog condition we will illturb the
dutn mtloii of kllver all over tho whole
world and aomo couutrlea will become
allieratandard countriva aud onie couu
trle will Ikwouio exclusively gohlatand
Itu J0 IK omehody s-
hall Ui u allvcratanJanl
TOunlry and
cent today will become 100 owita
tomorrow
1 avlsh to pauy her a moment to
f k W1 niv rrlenda who aro
nereatevl lu the production of ller 1
wish 1 could Uniltt them I shall not
be as mum to them > they nre lot
oa the tand qucatlou votlmt to tale
our cotton to tho home market where
w only consume onethird of It 1
bould ftko to bring It to la an onnni
but annjKwe hat your silver
lta edd vnlne fi wnt Uhl y dollar nt
tlw atantkinl
of ralne of loo cfuta 0
iK > unda of cotton worth 57 centiT would
bo worth llUfNti and 6 yarJs if
cloth uow worth 67 reuu would bo worth
1W cent It U the standard uf valued
and you would not gt any iaora lii
e hiuse ttua you ket now lor your
oUrernot a elnjtle farthing
iV > W t 1 have shown the diflb
cullca n the way and wu how X
nnd delicate must be a readjustment I
hire shoftu the dtOlcuhlea In the con
atawt appr cIatlon of golj hv < wu e of
tlio eouetant dnwnd on goKI for juanu
uujS l 00 < i tUo nt decrease rt
stiver which wle It n cou tantly dls
turbiug element How k it KnslCle for
w to uialfttnla ihtve two together And
nnloM vr do l > riu them together
the pmldrnll eald we trill pit tK
° Tior < hU tn clulTclynwn
i i
Soli nQl1 lheu your < ia
t M wllt to fit effect
nilf t0 wt rd of th aV
mnrdd world today U gold It IiTa
fel ta th ft United Slates aliJJ
vLtt ° tb h < m > th People
of th Ualttfd atatea had been UbotiDfi
under tho deluTou for a centnrrthat
they had the double standard Hicre
jiever has Invn a double atnmbird in
tliit country f > ui the organlantbra f the
lulut 1o tho iironrat time Wo hal n
liver ertandarJ until 1SJ4 and then
gold drove allwr out of tho cotmtry and
gold was the standard until IWIl when
natier dro e l oth out of clrLulatltm til
J MTU lu 38T gold aftolo became 4ho
fcluuslard which measured all Taluet in
this country t I w tb aUmlard
the u lfcTI standard of talne of the
corumerrial world We ore Invited to
aJrtndon this standard and go to a de-
preciated standard of nnother metal It
will be Jiwt as fatal as if we went to
the denreHateil standard of paper money
TlioMidy differeuee bitiwen paper and
the depredated standard of metal below
that f the uniform tnudard of the
uathiQA wrlth whlth wfl trade Is that
paper admit of further eipansioo than
do the inetals That lj ll
Hupiwhc then Mr lVesldent that a
gentltnuun In Uvcn > ool wants to boy
si x worth of cotton lie gives Swf
in gold tu hU agent and eends him to
Texas Thai nsent before bo can buy
the cuttoo lias to exchange his told for
money of account In this country which
Is silver because the cheaper metal al-
ways drives the drearer away Dol-
lars do not clrculnte In this country in
gold wlnni oue gold dollar will buy two
wllver dollar ben a debt that la
promised to be paid ia ono dollar one
of these sller dollars will pay it the
other will go Into the pocket of the
man micrefore Ihe henper money ni-
nny diiuH out tho denrer money 1
that rule there is no exception Tint
men comes to Texas and tint ho buys
TaWHO of miter with 1MM > of gold Cot-
ton In Uverrwl Is woftii 10 tnu a
jKJund In sold und it U worth IW couls
a pound lu sliver lu Texas mlnn tho
coet of tran twrtatlon etc Ilo 1 a wets
in nlher liut before lie can buy his cot-
ton his silver has decrcuwd in value
JO per teat Then what lata he got to
do lie has lo buy 10 per cent more
sllwr Instead of hmlug jpHW In allier
to bur the enmu amonut of cotWu ho
must have W worth
Who is voltig to loso that Who In
alt the ages ha lost that Not the mid-
dleman inner Tlio business can uot Iw
cnnletl ou lu thit way He understands
bU bnnlnwn thoroughly nnd ho mains
the phMlueer pay ill nnd the producer
U bound to pay tt He cuu not es < wiut
It It Is the law of economy that eiery
prolucer 1ms to jmy all the hargee of
proiliietion trnnepoitatlou ami move-
ment to the cuniuuivr aud then eell nt
the unrbet price Ho has to pay the
cunt of production lie lias to i > ay tho
freight and theu he Ins to par Inaurancu
against Ka nnd hero U another kind of
Insurance which he has to pay also
The 10 inr tent hn to be paid out of
tho jMMhet of the man wjio males tho
cotton In tbe field iu Turns Hut Is
where It come from
Vow Uke dV > tmU00i > the vnlue of
the cotton crop of the UnlUd htato
nnd you will mu what a bounty tho
cotton produnM of tills country nro
paying on tho one fcinnle Item of oottou
alone on account of the Introduction of a
variable exchangenble elaaiie ilexlble
etaudnrd whhh a creat many of our
people are demanding The old Demo-
cratic dot trine wwe a stable Invariable
standard of alue
When we consider that the fanners
In tide country ore mainly inturonted lu
kevplus a etable ntuuditrd of alue be
MiiJte they are iho people who triJe lu
foreign couuttleii it Is strange that they
ilemand n llexible Mtuudurd Look at
theexports lVotu 7 lo 84 i er cent of
tiiem ure farm product who e priced
uv llxcd iu tlu foreUu market by the
wld tatidird uti > l of all the producu
hat are tdupped frmu Auieritau finm
> tlon stands tirsr More tlian 00 per
ent of nil the iotton rained in thin
unity upon wluh the whole proijHri
of OOiHIlKHJ of people depends uud
t only thtir prosperity but their verj
ivllisatlon J dtpcudent upon that plant
m sold uccordlng to a gold staudard
ihld fae the ralue of cwry pouud
oft cotbui grown lu tho United States
flTie fanner Ikiiovv t hat tvttou U
worth Iu laUvrtwul every day He lends
lu the morning paper that It Is wortli
> tnucii iu Liverpool and t > o much lu
OilvLston Ho know a the cott of Iim
luoreineut betwevu thixe two cities and
between his farm and hU market Ho
cnajnot be footed ubout 1hit Hut when
the Vgold standard is bunllivd and u
depredateil ellrcr stnitdnnl takes it
phmj In the country then he has two
stnndnrilt lntvteud of one the stuud ird
of thu H > mmerclal world lu Kurope uud a
eland ird below that nt limne und cou
etantly tendlug dowuwtirlT Sdvir bus
fjllea ns much as to pur cent lu oue
week thU > ear If the farmer 1ms to
iueure igalimt tlio dfiirctlsUon of idlver
wiili h he does aud if thu depredation
Is 10 per tout when we remember thnt
th annual alue of farm products s
Sifim000tK > 0 the price he will pay for
Ids flexible whUtlo will be four hundred
uud fifty millions n vur All of our
atatcsruen hie dtmonncttl the plunder
of labor by a depreciated currenty aud
uti ua lable sttudard of > aluc aixl nonu
of thtm hare Wen more etnphutlo thau
Mr JetTerson He hns told iu of tlm
ionttuen > ul money and tin pai cr money
i tued by the states tho whulu of which
i > xce < tllng tlvo hundred millions perished
in tho hind of its holders He has told
us of the Treuch uailgnats that were
LUeued t tho nmount of lyOooliOOin M
every dollar of which perished but while
It was lu existence ami continually depie
tlilting and contluually lning forced by
gorerntneutal power ou the lieople was
grndujlly defrauding and rulnlns them
uud nhen It paim > d out of existence It
left poverty and ruin Milud it
Durlug our eecond war woth Ureal
Ilritaln tho countr > was on u depreciat-
ed atsndnnl again and In a letter written
lu 1MU to John W lappa hu fays
Hie overbearing clamor oft merchant
speculators and projectors will drho us
before them with our eje opeu until
as In Franc under the Mlwlidppl bub-
ble our cillicin will l > o iMorlukeu hr
the crash of this baselest fabric without
aatUtaclloa than that of execrations on
the heudi of those fnnctlonarie who
from ignoramV pusillanimity or corrun
tlou hive belrnjed Ihe fruits of Iholr
Iadnitry Into the band of projectors and
sutudlers
I aubmlt tho following extracts from his
wrlllait whlth 1 commend tu th t con-
sideration ot the p < v > pte toihj
In a letter to Dr Thomas Cooper Jan
111 1MU he Js
llurything predicted by the enemies
of banks loa the begtunlng is uow coming
a
to jitta We arc to be rut tied now by
the deluge of bank paper as we wero
formerlr by the old continental paper
It i cruel that such revolutions
In private fortunes should bo at
the mercy of ararklous adventurers who
insload of eiuploylug their capital Jf
uny they lu mauufaclurcs com-
merce and other useful pursuits make tt
an Instrument to burden all the Inter
clianitMJsf proper with their swindling
rroftt pronts which nro the price of no
useful Industry of theirs lmdent men
mutt l > o on their glard la this game of
Jtoblua alive and take care that the
epark does uot extinguish fn ttujlr hands
1 am on enemy to all banks discounting
bills or note for anything but colu but
our whole country Is so fascinated by this
jaeWhvutcru wealth that they will not
etop short of Its total and fatal explos
ion
tJl1 Uor of JeffersonN work
says
Ibis accordingly took place four years
after
a ltt Jam M onroe October
iC 1814 Mr JetTerson said
Ut us bo allurwl by no proiecU of
banks public or private or iphemcnd
expenditures which enabling us to grosn
ouly Increas
by protracting the agoulea of tleatb
In a letter to M Correa de ernt
DewmUwOT 18U h Mid
Hut when called on to name prices
what U lo be aldT Oor dropslcarme11
niu is long since divested of the Quality
of a medium of Value
he will of th worst of our citizens Yet
lha
there Is no hope of relief from legia
lalnrr who have Immediate control oer
this subject Ae little atems to bo
known of the principle of political eeon
omy as If nothing had ever been writ-
ten or prnitlcud on tho subject or oa
tvus ItnoTU In old times when the Jews
had their rulers under tbo hammer Jt
Is au evil therefore which we must
mukc up our mtnde to endure ns those
of hurricanes earthquakes and other
casualties let ue turn over therefore
another leaf
In a letter to Col lancey January 0
1810 he anys
IJke a dropsical man calling out lor
water wrater our deluded citizens are
clamoring for more banks more banks
Ihe American mind la uow In that state
of ferer which the world has ao often
fleen Iu tho history of other nation
We aro under the bank bubble as 1ng
land wna under the N > uth Sea bubble
1rance under tbo Mississippi bubble and
us mcry nation Is liable to be under
whatever bubble design or delusion may
puff up In moments when off their guard
Wo are now taught to billere that leger
demain tricks opon paper tan produce
ns Molid wealth as hard labor In tho
earth Jt Is In vain for common sense
to urge that nothing can produce nothing
thnt it it nu Idle dream to believe lu ft
philosophers stone which Is to turn every-
thing Into gold and to redeem man from
the original sentence of his Maker lu
tin sweat of his brow shall he eat his
bread
In a letter to Dr Josephus H Stuart
May 10 1 17 In speaking of our dispo-
sition to Imitate Imgland ho snyx
The bank mania is one of the most
threatening of those Imitation It Is
raising up a monejed aristocracy In our
country which has ulready set the govern-
ment ut defiance and although forced at
length lo yield a llltlo on tbls fir t essay
of their strength thlr principle are un-
divided nnd uuyietdlug lhe e have
taken i ep root In the hearts of that class
from which our legislators are drawn
and tne sop to Cerberus from fabh has
become history Their principles lay bold
of the guol their pelf of the bid and
thus those whom the constitution bad
1laced ns guard to He portals are
eophistlcatcd or suborned from their du
tits That paper money baa some adan
tages is admitted Hut that lta abuues
aUo nrc inevitable uud by breaking up
Iho measure of value makes a lottery
of nil private property can not be denied
blull we ever b able to put a constitu-
tional veto ou It T-
In n letter of Nathaniel Macon Janu-
ary 1J 18l
There la Indeed one evil which awak-
ens me nt tluKS becaiuo it jostle me
ut every turn It U that wo hae now no
measure of value 1 am aktd 18 for
u jnrd of broadcloth which when we
had dollars 1 used to fret for IS shil-
lings from this i cau ouly understand
that a dollar Is now worth but inches
of broiddoth but broadcloth Is no stand-
ard of measure or value I do not
know therefore whereabouts 1 stand lu
the nJe of property nor what to ask
or what to give for it 1 ww Indeed
Ahe like machinery In action in the
years J ifeO and 1781 and w Ithuut dissatis
faction because In wearing out it was
working out our ealrutlou Hut I fee
nothing In the ronewal of this game or
llobine alle but a geucrut demorttll
zatiou of the uatlon a Melting from in
diiKtry Its honest earning wherewith to
build up palate und mUi gambling
utoik for swindlem and shavers who aru
to ilose too their career of plnulm bj
fradulent bankmptclts My dependence
for a remedy however Is with the wis-
dom whkh grows with time und suffer-
ing AWiethtr the succeeding generation
is to be more tlrtnoua than thtir prede
ceHttom 1 tan not say but 1 am euro
they will hmo more worldly wisdom uud
enough 1 hope tu know that huneaty Is
the nr t rlmptvr In the book of wHdoiii
In a letter to Mr Adam March 11
18111 he ttua
Hie eUs of thl deluge of paper
money aro uot to b removed until our
citizens are generally and radically In-
structed lu thilr causa and cousoiueuccs
nud silence by their authority the inter-
ested ihimors aud sophistry of speculat-
ing abating and banking lusututlous
llll theu wu must be content to return
quod hoe to the savage state to recur
to barter In the exchange of our property
for want of a ntable common measure
of value that now Iu uhu being leas
fixed than the bead mid wnmpum of
the Indian and to deliver up our iltliens
thtir property and their labor pnsatiu
victim to tho swindling trkkv of bunk-
ers and mountebniikers
In i letter to John Adams dated No
ember 7 1811 lie saw
The pafvr bubble is then burst Thl
I what you and 1 and ery reasoning
man reduced by no obliquity of mlud
or iutercMt hate long foreseen yet Its
disastrous effects nro not the leu for
hniiig been foreseen Wt were labor
ing under a diotntlcal fullawa of circu
lating medium Nearly all of It Is now
called lu by the banks who hato tbe
regulation of the safety valves of our
fortune nud who condeuno aud explode
them at their will Lands in this state
can not now be old for a years tent v
In a letter to Mr J thee dated Novem
ber L 18U he nays
Tho distress of oor country produced
first by tho Hood then by the ebb of batik
paper ore such ns can uot fall to engage
the interposition of tho legislature
If we iiunVr the moral of the present
lestou to pus away without ImproTe
inent by the eturual suppression of bank
paper then Indeed Is tho toudltiou of
our country desperate until the slow ad-
vance of public lotructlou shall giro to
our functiouarii the wisdom of their
station
In this letter he upeaks of a plan for
reducing the circulating medium Ju whkh
he ajs
The plethora of circulating medium
which raised the prices of everjthlntf
to several times
their ordiuan and
ettudird value in which aut of things
many and heavy deb to were contracted
and the auddm withdrawing toj great
a proportion of that medium out rc
dmtlou
of prices far below that staudard
constitute the dlieaae under whkh wo
are now laboring und vthlcb must end In
a general reudntlon of property If
Koine
remedy U not applied Thnt remedy is
clearlj a gradual reduction of the medium
to Its aiaiHlard level that Is i any to
the level which a metallic medium will
always find for Itself ao as to bo in
iHiulIibrlo with that of the nations with
Which have
we commerce
luterdlct forever to both the state aud
ualloiiat governments the power of ettab
jWhitig an > uper bank for without this
Intcnliciluu wo shall have the sirue ebbs
und Jtofta ot medium and the suute revo
lutions of property to go through everr
twenty or thirty years LVrtalnly
no nation ever before abandoned to the
niarice and Juggliugs of private Indi
vidual to regulate accordmg to Ihelr
own Interest tho
quantum of circulat
ing medium for the uatlon to Intlate br
dtlagM of paper the nominal prices of
property and then to buy up that prop
erty at Is n the pound having hrU
withdrawn the floating medium which
night endanger
a competition in pur
chase
lu a letter to II Nelson March 12
1Sl0 he aaya
This state Is In a condition of unparal
leled dNtresf Tho sudden reduction of
tbe circulating tunUani from a plethora
to all but annihilation U prod at lug aa
entire revolution of fortune In other
place I have known lands sold by tho
eheriff for one years rent Our produce
1 now selling at market for onethird of
its price before this commercial eatastro
pne w flour at SJS5 and 3 50 the
barrel W ahould hare less right to cx
twet relief from our legislators if ther
had been the establUhera of the unwiso
system of banks A remedr to a cer
tain degrco van practicable that of re
ducing the quantum of circulation gradu-
ally to a level with that of the countries
with which we have commerce and an
eternal abjuration ot paper
Mr Irceldcut the utterances from Mr
w ai11 1 1 lfl SI5 Jefferson are against a paper atandard
morl mJSL tKJ ISV1 of a P per currency circulating on that
0 e Wecla
ITd iSair5 tLf lYWerty atandard but the effectof any
and priTate fortune ire no 1
or down at ed atandard ot value Is the amsTw <
fluctuation of paper can be more ex
tended than that of allvcr becayie of tho
greater facility of Issuiog It ond the
greater amount to which it cau ba Issued
Hut after the greater aud more uiilrersal
ntandard has been supplanted br Uie
lesser and local standard tho evil en-
tailed to 4he extent ot Its floctuatpus
are the same A ailver staudard that
fluctuated from to 50 per cent under
par
par when compared with the gold stand-
ard of the commercial world would cost
the laboring classes of oiir people many
hundred of millions yearly
IMy by day as sliver fluctuated the
products of their labor would bay to
peculators shavers and brokers the
price of that fluctuation There u no
security to labor but lu a staudard as
stable Inflexible and immovable as po <
eible That standard which Is most unl
versally used Is for that reason the
most stable Larger bodies present great-
er resistance to opposing forces while
emaller bodies give way A local stand-
ard in tbe United States At variance with
the commercial world would be mercurial
In lta nature always moving and every
move inflicting a lost on some one
The president in his message baa told
us that the wageearner is the first
to bo injured and tbe last to be
relieved from the effects of
a depreciated currency The Democratic
platform says tbe same thing and It Is
really a pleasure to be able to assure our
friends that on this point be I certainly
on the platform whoever 1 off This is
n well established fact but f cannot deny
myself h pleusure of presenting thu
proofs la such a way that no one can
vntcrtnla a doubt of the fact he has
stuted and If the fact is ejitablUhed be
J oud a doubt we should hesitate a long-
time bvfore we Introduce a depreciated
Htnndard In the stead of the one we now
have When a banker a capitalist or
trader finds tbe market not favorable
for his iuvtMtment he can lock up hU
money or bold on to his property aud
wait for a more favorable tofn but when
the laborer is thrown out of employment
and tbe dar Is gone his days work is
gone from him forever lie cannot hoard
n days labor It is lost
Mr Lreiddent the wages of labor
of this country und all over the
world for one hundred years
have been tending upward They are
higher today than 4hy have been ut any
time In the past and the wageearner
lu whatever occupation employed 1
deeply Interested in the preservatlou of
A bin ii da rd of values ns fixed and im-
movable ns it U pojtdble to make It
A few years ago our friends on the other
hide of the chamber directed the com-
mittee on finance to make an investiga-
tion and report to this body the move-
ment of wagex aud prices for several
loars Iticy took the year ISflO as a
basis and compared It and other years
with INK Ibey Intended to use these
figure lu their tatill buttle of IK
Tuey intended to show that wages had
boeu rising nud prices bad been falling
nnd the credit was duo to a protective
tariff
When that time come I will discuss
with them the com lupous to bo drawn
from these facts It 1 enough here to
Htsto the facta Tuklug lbUO us a basis
and calling It 100 the rate of wa cs
lucreaitod to lbiVt to 125U or 25 U per-
cent and to 18W to 1007 otffb07 per-
cent In IScH and lMMJ there was a gold
btaudard and In 1WH n depredated
pnror atandard Wage went up In four
j ears 20 tJ per ceutf buttho money which
the laboier earned wns only tbo Instru
ment whk enabled him to procure the
necessaries of life aud while it went up
the ladder a fvw rolmds the necessaries
of life tliat his wage had to buy tu
Hustaln himself bU wife and children
had ascended the round of the ladder
till they were lost iu the clouds The
annunl average wages of laborers in
manufactories In 1800 was SJbSWS The
average monthly wage was 24 08 in
gold lu lbtU It was 250 higher or
1021 cents in patter and In 1KW it
was 007 Per cent liigher than Iu lfcOU
and wo teC0 cents in goll Now tak-
ing tbe official prices given by the bureau
of statistics and the finance committee
the result Is shown by the following
table
AIITICIXS
Trice of products from 1S73 to 1S01
1800 Monthly wages 24 08 price per
unit of iiuautlty Stadard sheeting rur
yard 871c quantity 275 Standard
drilling per ytird price per unit of quan-
tity 8b2cj quantity 270 Illeached
uUirtlug per ard price per unit of quan-
tity 1515 quantity 155 Standard
prints Hir yard price per unit of quan-
tity 0 5i e quantity 251 Print cloth
per yard K > r unit per quantity 5 44c
quantity 442 Cut nails per pound jfr
unit of quantity 11 quantity 7ii0
Kenned augur per pound per unit of
quautlty lUOOc quantity 240 New Or
leaus luolisscs per gallon per unit of
quantity BdOOj quautlty 45 Itlo coffee
per pound tmr unit of quantity 13UOC
quantity 1S > Tea per pound per unit
of quantity 05We quantity at Tick-
ing per yd iht unit f quautlty l OOe
quantity 141 Matches per gro < per
unit per quautlty 4S0Oe quantity CO
Denims per 3urd iti unit of quantity
JflOOe quantity 1U1
1 SOI Monthly wngee 3024 standard
sheeting per > ard prieo j > er uuit of quan-
tity D2 07ct quautlty 5S Staudanl
drilling per jard per unit of quantity
5102 quantity 57 Hka bed shirting
per yard per unit of quantity 4835c
quantity 02 Standard tirluts i > er yard
> er unit of quantity J25c tpmntliy
W Trlnt doth per jurd per unit of
quantity 2d41ie quantity 120 Cut
nails per pound per unit of quantity
785c quautftj JJVS ltelined sugar per
jKiuiid iur unt of quantity wOOOc qtuti
tlty lol New Orleans inola jvr
gallon per unit of iiimntlty 150Ui
quantity 20 lto coffee per pound ikt
unit of quantity 3UU0c quautlty 84c
Tea per pouud per unit of quantity
lHKfc quantlm 2t Tiekfug per
yard pir unit of quantity 70 UO quan-
tity 41 Matches per gros iier mit of
quantity 10000c quantity w lVu
lin inr > ard per uuit of quantity
fcUJci quantity 34
lslH > Mouthly wages 1800 sfandanl
sheeting iw > ard price per unit of iiuan
lity lUtfe quantity 500 Htandnnl
drilling pr yard inr unit of quantity
tUlc quantity u2 Uleached ahlrt
ingper tanlier unit of quantity 1004c
quautlty JO k Standard print per yard
l r unit of quantity Onoc quautlty
045 Trlnt cloth per yard per unit of
quantity 2D5 quantity 1HU Cut
nalU per pound per unit of quantity
Ie quantity 2077 ICefined sugar
per wuud per uhit of qnautlty 4 50c
quantltj 8o0 Ntw Orleans molnws
per gallon inr unit of quantity 40 00c
quauiity 125 Klo cotr > er pound
per unit ot quautlty VSVV quintity
200 Tea per jwuud i er imltof quan-
tity 2510 quantity 154 Ticking per
yard ir unit of quantity 120K quan
tit i22 Matches per gross per uuit
of quantity 3700c quantity 104
Denims per sard per unit of quantity
1100c quantity iI51
The article given In tbe table show
that hU wages Svlth a gold standard
bought thretf times as much as under
a depreciated paper standard And the
same would have been the Jesuit under
a depreciated silver standard If It bad
fallen to the aame extent Taper money
depreciated 50 twr cent in 1804 and sil-
ver touched 40 within the lust six
months To explain let u take the
tint article Staudnrd abetting was
worth lu gold In 1800 871 cent ier
yard and 24 08 ou months wages
would buy 275 yards In 1804 with a
iwper standard a months wages had In-
creased to 3024 in paper Tho sheet
Ins had ucreased to 5207 cents per
yard and bU months wages would ouly
buy 58 yards III months wages hid
lost In pnrchadng power 217 yards
In 1S00 tbe gold standard obtained
again bis wages went on increasing but
tho speculation and swindling and cheat
ing was eliminated from the necessaries
of life and now his wages are 3309
per month and the sheeting bat conic
down to 083 cent per yard and his
months wage under a gold standard
buys 500 yards or nearly ten times as
much as he sot under the depreciated
standerd
Every other rnei >
tbe same nsnlt Irom l8Co t
wage of labor ndvauced a a
but the thing be had to tuft
exceeitctl tbe Increase of whJf
to irdl Ilouaefuralahlng 5ZA
010 cent
v per food tosi
drug and medicine 703 p pl
als and instruments of UboM
cent fuel oud
lighting Ma
biraberlng find building uateiL
Per eeut nnd clothing ltMiTTj
But many ot the articles
fav h
ftr exceeded these ltt a
some of them ws
lie bad to pay Jn 1S04 tnnl S
elated etandarcf 00
cents
pocket knives 040 per cent
rope 08 S per cent more fcTl
70
sugar per cent more for j
70 4
per cent more for twoi
carpets 877 per cent more t
cusalmerea 00 j er cent more
Plsuk 101 per cent more for
s
lets 105 per cent more for gaV
110 p r ceut more for plue Mank
114 IHT ceut more for shlndd
nt more for castlfe
per Soap
cent more for glass tumblers
cent more for pipe lead 130 U
more for pig lead 140 per cent
Turks Island rait 145 per cm
window 150
for gluns per cent
llnsec I oil 143 0 per ceut
store coal 150 per cent more f
100 0 i > er cent mere for shirting
ceut more for scythes lit3
per 5
more for quinine 223 per cent
cnlieo 24o i > vr cent more for
27UUJ per cent more for danlmi
per cent moro for drillings 4tHiT >
more for sheeting C20 per tvnt
for tar 800 per cent more fori
tine BT8 ler tent more for bUi
These price show that VttiV
wagfenrutT got umter a deyreclit
rency an Increase in wages of
cent he hud to pay for whit hi2T
all the way from OS to KM palU
Intreaae Well did Mr Webster arfS
a sound currency is au esemiut
lndJleasable security for the trmf
ind tu try and honest tnterprisefiltic
medium of exchange should b tij
stautlal repreentatlve of propen > f
liable to vibrate with opinions
Ject to be blown up or blown doit
the breath of speculation but ms
ble and secure by its immediate
to tlmt which the whole world
as of a permanent value
A disordered currency
Soya be
m oue of the worat of political
It undermines the virtues necew
the support of the Social system i
courages proi > ensltles destructive
happiness It wara ngaiustt
frugality and economy and It
the evil rpirit of extravagance sad
lation Of all the coutrlraoces f
lug the laboring clnasos of nmnlin
fins been more effectual than thtli
deludes them with poller meupy
Is the most effectual of methoJt v
Ulize the rich mans field by the
of tbe poor mans brow Onllwiti
anny oppresslou oxecsiive Uualleii
bear lightly on the happiness of tlaif
muulty compared with a frimjatail
reucy and too robWrles comtnltttjjf
depreciated paper Our own few
ha recorded fur our Imtriicnos a
and moro than enough of the teie
lug tendency the Injustice auU
tolerable oppression on the rlrhv
welldl5poaed of a degraded pt
rency authorised by hw or in
uer couuteninced by the gorernai
On the 12th of Manh l tt >
Texos was preparing to enter tit 111
Ueneral Jackson wrote to Ocuerall
ton perhaps the Hat letter he er < fi
to bin lifelong friend urging Mm
ert hbt lnllueuce to have an tntcrc
placed In our constitution npiiu i
graded paper currency In that Ka
aajs 0
ltut to protect your morals w
tho climax of your prospenty w
protect the labor of jour counts
must provde in jour coustituUoa
l > asltlvo provision that jour lepjlr
shall vewr establish a banku
corporation whatever with a ttw
iMuepuper that no banks shall bet
llslwd by the legislature vxceyt
blKHk luuts rud then only ulthm
ei of receiving deposits aud Mu
Tliere never was nor never >
uae for any other kind except torn
lators and gamblers In stocks nr
to the utter ruin of tho labor arxlsr1
of a outiutry A encile curreafjr
life and action lo the prududuf d > j-
on Svhlch tho prosperity of all liiM
ed m K
Tlie constitution of that yearfr
brace the interdiction and Its vety
have been bruimht forward lu eve1
titltuticw of the ttate aluce nnJ
stauds in Ihe constitution ot teic
depreciated paper standard was t
that affected the country when
sou Jackson and Webster ana
statesmen of their time denQUGcei
Injustice and wrong of a dtsorJaw
At that time the money metaJai taw
so far separated as to male
possibility that one of thcraW1
he jMile the Instrument wila d
periwtrnte the train of abueiyal
when that fact confnnts U J
grade our staudard bclowtlatvlv
eonimercJal woild and take sllvc < vQ
other nietal for our local iuuictiw
can and will with It brlrgtw
abuse lliat wero brougatl01
years with paper Tlio fclsW
country ami Uie facta there wwTT
nmko the loboilng people illul
tenacity of the mariner to thoJi Hy
of the shipwreck to a stable aiv
value whkit prevents Win IWS9
Cheated and defrauded by PlJjT
gamblers and a oik Jobber
Mr Trwidcnt 1 hare seea l
which has Wen going the Awb1
see < hts of senators uud msOtUflff
houw whkh showed iu i ir lM T
the fall ia tho price of iiUict wT
and cotton aud whe it r oiuef l
neut seiintois have copied Jf I i
tie strange thla table stopped f
prluciiKil farm product It 1
tbe decline In the prlcu of jJ j
sold but uot wliat they la nRa W
a very QiieshU d table Trices W J
going down on nil thing but H JJ
cultural products than l 0rLJ
nnd for a rvaou which
Tills oneAldol table l
story I heard wheu a 1
tor had discovered a
was becoming aln and wiirWly1
and eo much hnd she beeoiua J
to the wnj uf the world that sM
her rich suit of hair into a ktwra
upiMed to be charming to U r J
This vanity vexed tlk Iw
righteous man of Ood and te w
the erring slater ond told Wt
inourrlug the divine diapleasure W <
lug the toitknot and told ner aw
deit She wa In n strait btfl
as was the croa die rewyeiyi
If the Jkble authority could IwW
in condeninatlon of her topkuotf
o informed her mluiater
dear slater you come to churw
Sthliath and I will show yoa
of the I ord st > ecially pronouuceJ
topknots W hen Sunday can-
to church and after the u = OIS1fr
wero over tho minister took Wjr
the chapter Iu which our KavlMf
telling the destruction of JeruMjffJ
occur by the annks V5
was t >
emperor He came to the tt33C
him which 1 on the housetop t5F
down to take anything out of Ml
aud then took Ids text In the
the verse top not come dowg l >
C I do not know whether tb pSS
ww a suece or not but tojrg
Hoed by the minister of briofiVl
M r1
down by dividing the text
with that generation Why >
architect of that toUei
tared products a well 1 haTSPwa
a table which present
conssderation of the public
the prices of ellver from
tho director of the mint TJ f
cotton com wheat bacon
beef butter cheodo nud toft
taken from the statistical absu
aro the silkies which tbe JJ
Theu I have taken the ara
the fanner bnysSome oji
from the Utb Ileal abetxat r
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Fort Worth Daily Gazette. (Fort Worth, Tex.), Vol. 17, No. 312, Ed. 1, Sunday, October 1, 1893, newspaper, October 1, 1893; Fort Worth, Texas. (https://texashistory.unt.edu/ark:/67531/metapth90227/m1/10/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .