The state republican. (Jefferson City, Mo.) 1871-1896, 1893-11-30
CARLISLE ON CURRENCY.
Secretary Carlisle Talks Before
New York Business Mon


Inc NcW 1Ork cIllllDcr OF commerce
celebrated its one-hundrcd and twenty
fifth anniversary by n banquet at Del.
monico's, on the evening of November
81. Secretary of the Treasury Carlisle
was present and spoke on the currency
question. lie was introduced Ivy Prcsi-
dent smith of the chamber, amid con-
siderable applause.
MIR. Carlisic's Address
MIR. PRESIDENT AND G~ENrLEMES- sub.
lcct presented 10y the sentiment Just read Is so
large AMI Involves so many considerations not
only ot public policy, but Of public und private
honnr aud good faith, that scarcely know how
To respond TO ii on such an occasion as this,
where hrcvttN Of sentiment will he more ap.
nr'rlatrd than elaborate argument. | am
somewhat embarrassed, also. 10y tn, fat that
l am 10 talk 10 IN aSscmhlnyc uf gentlemen
who, rs reason NJ their personal experience in
commercial and financial affairs, are ut least In
as good Il position MS | am to understand and
appreciate the value OF n sound and stahlc cur.
rcncy and to %forcscc the injurious effects of u
departure from correct financial methods.
Money and its representatives constitute the
tools with which the merchant and the banker
perform their parts In the numerous and com.
lhI'at'd transactions necessarily occurring in
lhr growth aud development OF oar trade at
home and abroad. IT Is not possible to do prr-
EN ''N' ''''i WI y ltNNl 'llll'lNNt Nll II II
lie attempted the consequences Will not fail I'M
on you alone, hut must he felt sooner or later
III every part Of the land. Confidence would he
destroyed, trade would lie interrupted, the OIL.
lIHtionS OF contracts would he violated aud all
III rNlls which have invariably attended the use
OF II base or ilugtuuting currency would Anlirt
not the commercial and financial classes only,
Tut the country at large. but our commercial
interest are not confined to our own country;
lh'N extend To every quarter Of the globe, and
our people buy and soil In nearly every market
OF Inc civilized wcrld. \ very large part of uur
farmers. mechanics and other lutorin. people
ilnd constant aud profitable employment IN the
produ. iion and transportation OF commodities
for sale and consumption in other countries,
ana the prices OF ,luauy Of our products are
liked III foreign markets. Without exception
these prices are liked in the markets Of Coun.
tries having u gold standard or measure Of
value either 10y express provision of law or by
II public policy which keeps their silver coins
equal in cNrhaus"ahlc value to the gold coins
at tn" r"allv.r~tlhliShci ratio. The value OF
our trad" with the people Of other countries
during tn" last fiscal year WAS more than
\, iOptOlOll and more than II. l0UmWW of this
was with the people of Europu. while with the
WllOl" Of Asia 1t amounted 10 u little over 500.
uOhHl, and with all tn" countries of South
AW'ritu. excluding Brazil. which has "A single
gold standard. 1t was only $iGUnJOIU. While
il would be Unfair to attribute this UNEQUAL dis
tribulluu oi our trad" with the outside world
To- the character OF their fiscal legislation. |
think IL may be- safely asserted that his conn.
try could not long maintain its present po.i.
ton n on ut the mos. cuu~ptcuouS aud i'm
purtHui u'Iurur- of the grcat Of
commercial nations which now controls the
trade of the world. unless we preserve n none.
tary system substantially ut least. in accord
with IN" monetary systems OF the other prin.
cipal nations.