The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-12-01
Mr.. Carlisle then turned his atten.
ton TO the fate OF silver.


This does not Imply that silver is to have no
place in our monetary system. What il 10 .
the ultimate fate OF that metal IS one OF the
problems which time and events alone en-
solve, but for many years. notwithstanding all
our legislation in its support the fiuctuaf ions
In its value have been SO rapid and so great as
10 demonstrate the fact that IL can not
be safely coined without limitations into
money OF final redemption at the existing
ratio or AT any other ratio that might 10
established II Is not possible under ex-
listing circumstances. for any one government
To establish and maintain q stable relation be-
tween the two metals. and for this reason
alone. II there were no others. we are bound 10
place some reasonable limitations upon the
coinage and use OF silver. How much OF il can
be safely coined. and upon what conditions it
can be safely used. are questions upon which
there will be wide differences OF opinion: but
after all that can be said on both sides. they
will lie finally determined by circumstances
which can not now be forsseen and by the nat
ural growth OF our industries and trade
II y enough TO say at present that we have
already on hand stock OF silver. coined and
uncoined sufficient to meet all the probable
requirements OF the country for MANY years 10
come. The mints OF the United States have
coined ils 81. so standard silver dollars and
we now have ii0. 6yq, go fine ounces OF silver
bullion. which at the ratio OF 10 to l. would
make ISL .sls.sl. or s6)i 3gi in the aggre-
gate. Besides this. we have s76g.- or ia sub
sidiary silver coin. which is legal tender TO
the amount OF $40. and is Ivy law redeema bic In
full legal tender money on presentation Our
total stock OF gold coin and gold bullion IS
The five countries constituting the Latin
monetary union. with a combined population
OF more than s.ODO0JO exclusive OF their
colonial possessions have 1875 UpD 90 in gold
fs5.lJC 90 OF full legal-tender silver and ss5-
VuO.0o0 OF subsidiary silver coins: and yet they
found IL necessary several years ago TO disccr-
tinue the coinage of legal-tender silver and en-
ter into an ARRANGEMENT by which each coun.
try agreed TO redeem In gold all its own legal
tender silver coins when presented by any
other member OF the union. Thus gold has
been made To support q limited quantity OF sill
yer coin az par in France. Belgium. Italy.
Greene and Switzerland as 1t has been re-
and as II must continue to do hereafter, here
and elsewhere, unless great change shall oc-
cur in the relative values Of the two metals
Being the greatest slverpDducing country
in the world, and having on hand a large
amount OF silver coin and bullion. the United
States can not be otherwise than deeply inter
ested In every measure designed TO enhance
its value, and increase its use as money upon a
safe and sound basis, but can not alone
maintain its unlimited coinage as full legal
tender In opposition to the policies OF the 9TH
or great NATIONS o. the earth. and the country
Is to be congratulated upon the fact that we
have a; last placed ourselves in position
which enables Us TO preserve our own none
tary system intact and exercise q potent infu-
ence In any movement that may be hereafter
made for the permanent adjustment OF this
very important and difficult question.
Mr. Carlisle defended the recent ac-
ton of congress on the silver question
as follows:
1t is great mistake " suppose that the sup
porters OF our reccn: legislation upon this sub
lect was animated 10y any feeling OF hostility to
the continued used OF silver money To the
largest possible extent consistent with the
stability OF our currency and the preservation
of the public faith. The wisest and safest
friends OF that metal are those who have had
the sagacity 70 foresee the inevitable effect OF
~. continuous accumulation In the form Of
bullion In the vaults of the treasury. and the
experimental law which from the time OF Is
enactment was constant menace TO The well
fare OF the whole country.
In conclusion. MIR. President. permit me 70
thank YOU and the chamber OF commerce OF tho
state OF New York Cor anording me this oppor-
tunity TO meet so many ~ the leading business
men of this great business city. Although
your organization has been In existence moro
trials and vicissltudcs Il Is but simple justice
to say that its counsel has always been wise
and conservative. and its action patriotic and
beneficial All that Is needed now 10 insure
early inauguration OF an era Of great
prosperity Ia such action upon the part
OF this and similar organizations through
out the country as Will inspire
confidence and revive tho spirit OF enterprise
among the people. Now that credit has
teen greatly strengthened aud our currency
made more stable and secure an opportunity
II Afforded those who control our commercial
and Industrial Interests To resume operations
under more favorable conditions than have
existed for May years, and am sure you viii,
checrfully cooperate In any aEort they may
make Ia that direction.
The steamer China which sailed YESTERDAY
from san Francisco for the Orient. touchins
M Honolulu carries Official dt.natch os "a nrt,