The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-12-01
CARLISLE ON CURRENCY.
Secretary Carlisle Talks Before
New York Business Men.
AZ the Annual banquet of the Chamber
Of Commerce at Deinsonico's Tho
Treasury seeretary's Analysts
Of the Great Problem.

The New York chamber OF commerce
celebrated its one-hundred and twenty
NTH anniversary by banquet at Del
mon'co's, on the evening of November
II. Secretary OF the Treasury Carlisle
was present and spoke on the currency
question. He was introduced by prcsi-
dent Smith of the chamber, amid Goa
siderable applause.
Mr.. Cariisie's Address.
MIR PRESIDENT AND GENTLEMEN -'rhc Sub
1est presented ny the sentiment lust read Is so
large and involves 80 many considerations. not
only OF public policy. but OF public and private
hoh"r ana good faith, that scarcely know how
70 respond TO 1t on such an occasion a. this
where hrevity OF sentiment will be more APP
preeiatcd than elaborate argument | am
somewhat embarrassed. also, by the fact that
am to talk 10 assembage OF gentlemen
who. ly reason OF their personal experience In
commercial and financial affairs, are at least In
rs good position as / am TO understand and
appreciate the value OF "a sound and stable cur.
rcncy and to foresec the injurious effects OF a
departure from correct financial me .hods
Money ana It's representatives coLstit1:c the
tools with which the merchant ana the banker
perform their parts in the numerous and com
.hicated transactions necessarily occurring IN
the growth ana development OF our trade al
feet work with imperfect instruments. ana II 1t
De attempted the consequences will not fall up
On you alone, hut must be felt sooner or later
IN every part OF the land. Confidence would De
destroyed. trade would be interrupted. the OBJ
legations OF contracts would be violated and all
che evils which have invariably attended tho use
of base or ruCtuating currency would arrici
not the commercial and financial classes only
but the country at large. but our commercial
interest are not confined TO our own country
they extend TO every quarter OF the globe and
our people buy and sell in nearly every market
OF the civilized world A very large part OF our
farmers. mechanics and other laborng people
mud constant and profitable employment ia the
produ1 ton and transportation OF commodities
Tor sale and consumption 10 other countries
and the prices OF .many OF our products are
fixed in foreign markets without exception
these prices are fixed in the markets OF coun. !
tries having gold standard or measure OF
value either by express provision OF law or by /
a public policy which keeps their silver coins /
equal Ia cxchanceahle value TO the gold coins /
our trade with the people Of other countries
uurlng ths last fiscal year was more than
al TODDi uD. and more than 81 leo 0DO0 OF this \
was with the people OF Europe. while with the
whole OF Asia 10 amounted To little over Siu0.
vUup and with all the countries % South
America, excluding Brazil. which has single |
gold standard, II was only si6 OUDU1 While
~ would he Unfair 10 attribute this unequal dis.
Litutton 81 our trade with the outside world
10 the character OF tneir fiscal legislation
think u may he safely asserted that this coun. |
Try could not long maintain its present posi-.
tlon as one 90 the most conspicuous and i'm.
portant members OF the great community on
commercial nations which now controls the
trade OF the world unless we preserve none
larry system substantially, at least In accord
with the monetary systems OF the other prin-