Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-11-22
TELEGRAPHIC.
MONEY STANDARDS.
Secretary Carlisle Speaks al The Cham
bar Of Commerce Banquet,
rnURsrOS MAKES A REPLY.
A Brute Lyuched.-A Rival TO JACK
the Ripptr.--ihe U. Y. TO
be Reorganlztd.

NEW YomS, Nov. 2l.-The twelfth
annual banquetof the chamber OF com.
mercs took place tonight. Three
hundred prominent business men were
present. Charles s. Smith, president
Ui tue chamber presided, aud at the
table Hon. John q. Carlisle, secretary
Of the treasury, occupied the post OF
honor. Among the others present were
Hon. william Walter Phelps, Hon.
whltelnw Reid, Hon. Carl SchuTz,
Hon. 81. Clair Mckelyey, Hon. Mursl
Halslead, Hon. James II. Eokcls, Goo.
NJ. Pullman Of Chicago, Hon.William
q. Horubl5wer aud Flofence y. Dfis-
cell.
Hon. John q. Carlisle, secretary or
the treasury, responded TO inc met
toast Of the evening, which was "Coin'
merce demands aud the honor OF the
c4ut try requires that thu obligations OF
me United states shall be- paid In coin
current iu any market VI the world
aud that the question ehall bo settled
Tor all time aud beyond cont .vuisy'"
Carlisle said In pari; "Whiio II
would be unfair 90 attribute the uu'
equal distribution OF our ttnde Wild
tao outside world 10 the character Oh
thoir fiscal legislation, thlnk u may
b1 uafcly asserted that thlh country
could not long maintain its present
position a. one Of the most cOnsplcuouH
and important commercial nalioru
witch now control the trade OF the
We p0luss we pfUtufyU tue none
N.N 81 "a
accord sItH mo monetary rystuma Of
THO other ps'nH'ual nations. We can.
uut posaiblv 40 the situation and
.onsrqu HTiy bee only practical qurt-
tuu 10 whether Il n better 10 establish
ny Law ell inferior Kind Of money i0r
utu al home czclufiycly, auu another
kind Tor zee sbfoad, or have al our
money goo enough for use la every
market W. re nur people trade.
"Gold Il he only International
money. ~ .seless Tor tho advocates
OFT uifpfor, System 10 Insist that this
ought u to ba 40. IL l. 70 aud we Can.
not C age tho tact.
~ 70 never been able TO under
eta that 10 meant by u double stand
AZ value, anu never found anyone
" - could tell. To my mind u seems
as absurd 10 contend that there should
ua two different standards, As u would
be- 10 insist upon having two yardsIicks
" different lengths, or two gallons OF
different Dimensions. IL Tue TIVE
standards ara not equal In value, II {,
evident that one OF them must bu a
false measure; anu II they ate equal IN
value II h evident, NO matter what tn,
law might declare, that there would b,
In fact but Que standard. The
question whether the obligations OF the
UDitsd States snail be- paid IA coin cur
gcnt la all tho markets Of the world
has already been settled, ia my opinion
.Or oil time TO come. This does not i'm
ply that silver IN 10 have no place IL
our monetary syHtem. What 10 10 b'
the ultimste fate Of that metal IL on
Of the problems which time anu event
Bl0ns can solve, but TOT many year
the fluctuations In It's value have btei
30 rapid as 10 demonstrate the fac
that 10 cannot be- safely coined, with
out limitations, into money OF nna
redemption no tue existing ratio o
auy other ratio that might 10 Cstab
Iahed."