The comet. (Johnson City, Tenn.) 1884-1916, 1893-11-30
The Treasury secretary the Chief
Guest at the Chamber of
Commerce Dinner.
No Uncertain Sound from Him as TO
the Wise Determination OF the
Administration.


the Legislation which may follow the
repeal of the silver purchasing clause
OF the Sherman act was centred last
uight 10 the 18th annual banquet of |
the Chamber of Commerce Of New
York, for the reason that Mr.. John G. |
Carlisle, the Secretary of the Treasury
was there as the cheif guest Of honor
and as the principal speaker.
The banquet was held at Delmo nico's
Secretary Carlisle was present, courted
compli ented and treated to almost
unbounded expressions of esteem and
regard by the business men and finan-
ciers OF this city. He was the chief
guest of honor and he was the prin-
cipal speaker, but the plaudits OF "Wall
street. and the acclaim of his admirers
failed to draw from him much about
future legislation and executive
measures which are expected to come
during the next few months. The
business men of this city we're anx
ious to hear that which the Treasury
representative OF the administration
was apparently anxious to withhold.
WERE IN ACCORD WITH HIM.
But there could be no doubt that
the diners were in accord with the
Secretary when he arose to respond to
the toast, which seemed long enough
to give him all the latitude he wanted
for taking the whole world into his
confidence. The toast was :-"Com-
merce demands and the honor of the
country requires that the obligations
Of the United States shall be paid in
coin current in any market of the
world, and that this question shall be
settled for all time and beyond con.
troversy."
While Mrs. Carlisle and party of
ladies looked down from the music
balcony and listened the Secretary
proceeded to declare that the senti-
ment of the toast was all right, but he
did not 90 further and tell how the
question should be Settled for ali
time and beyond controversy"
Mr. CARLIsLE's SPEECH.
Secretary Carlisle said -
"MR. PRESIDENT ASD GENTLEMEN =
The subject presented by the senti
ment just read is SO large and involves
so many considerations, not only o.
pubic policy but OF public and private
honor and good faith, that / scarcely
know how to respond to 1t on such HI
occasion as this, where brevity O
statement will be more appropriate
than elaborate argument. lam some
what embarrassed also by the fact tina
/ am to talk to an assemblago G
gentlemen who, by reason of thei
personal experience in commercia
and financial aft lirS, are at least in Al
good position as am to understan,
and appreciate the value of sounC
and stable currency and to foresee tn,
injurious effects OF departure from
correct financial methods.
Money and its representatives con
stitute the tools with which the mel
chant and the banker perform thei
partsi in the numerous and complicate,
transactions necessarily occurring il
the growth and development of GU
trade at home and abroad. 1t is no
possible to do perfect work with impel
feet instruments, and il it is attempte
the consequences will not fall upon yo
alone, but must be felt sooner or late
in every part Of the land. Confdenc
would be destroyed, trade would be ir
terrupted, the obligations of contract
would he violated, and all the evil
which have invariably attended th
use Of base or fuctuating currenc
would sfflict, not the commercial an
financial classes only, but the countr
at large. But our commercial interest
are not confined to our own country
they extend to every quarter Of til
globe, and our people buy and sell i
nearly every market OF the civilize
world. A very large part of OF
farmers, mechanics and other laborin
people find constant and profitab
employment in the production an
transportation Of commodities for sal
and consumption in other countrie
and the prices of many of our mo-
important products are fixed
foreign markets. Without exceptio
these prices are fixed in the marke
OF countries having gold standard /
measure OF value either by expire
provision of law or by a public polio
which keeps their silver coins equ
in exchangeable volue to the 60
coins at the legally established rati
The value Of our trade with the pc
pie OF other countries during the la
fiscal year was more than $1,700,00l
900. and more than $1,100,00l
600 Of this was with the people
Europe, while with the whole Of AS