Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1893-11-25
Carlisle Speaks,

Carlisle Speaks.
The Secretary OF the Treasury was
= given an opportunity, at the annual
banquet OF lie New York Chamber of
Commerce. TO give his views on the
O. money question, anil to defend him.
self in u manner, fFom the attacks late.
!y made upon him in the Senate and
elsewhere. We wish We had room tor
il all, but we can only give the NEST
r %salien; points.
I INTERNATIONAL LEG AL TENDER
! There can DO no iulernstloua. legal
tender without IN international ssre..
ment. but there must. from tie very
necessities OF the case. aleSys be S
common bs>is upon which bargains /
are made anl i common currency ID |
which ha'suecs sTe settled. No Que
nation can determine for The others
what that basis shall bs or Whist that
currency shall be. 1t NAV establish 5
currency for itself and for tile use Of
iis OWL people in their domestic trade. 1
by the rsIbc ct that currency vii be-
| uitiGrstciv measured ani coAclusi,e,v
fixed by the International standard
whatever that may be. The s,smr Oh {
Is cnius afie>i> their weight sud fae- .
ness, but It s}ls nothing was;evvr 10 ,
their iulripsic value, snd u0.hiug :
whsierer 10 their p~xchsusesale vslue q
IN tie markets oi the world; - inst 4
nations stock Of international money b
H!wsys consists OF il> uncnjpcd lul. q,
lion and the bullion yaluc OF IL coins. ,
Ii cauaOi augment its stock @. sgch 81
money 70 sQv extent WGSicVcr hy o
overriding eitGcr gold or SILVER in lis :
coinage avs, nor caH It diminish it, .,
stock 10 aGy extent wha.eyef bs IN, =
deryaluing either metal. %
No matter. therefore, Whist our mon. iH
system NAV be lc-e at home s. D.
established by cut 0vu LAWS. ne mast s.,
rclinquish s large part Of cur -
in the commerce OF the world OF "
conduct our International trade anon q.
such basis as the general Judgment
II commercial nations may establish.
cannot possibly change this situa.
ion. and, consequently. the only prac- "a
icai question il, whether ii : better pl'
o establish by law au inferior kiul of ne
money Tor Hse at home exclusively and :.
bother kind for Use abroad, or to 81.
ave all our money good enough tor
sc IN every market where our prn. :
lie trade | believe the people OF the :
'nited States are entitled to have for PA
sc IN their domestic trade Inst rs thit
God money aS any other people in vas
world have, and HAT they are en-. uo.
tied to have just as much of it a. ~,
Jay be necessary TO carry on their ih'
regularly and proftably. iron
'hatrrrr it be. gold or silver. or both, son
paper based upon the coius of The sfa,
70 mctqlS, the people have q right to
}mand that it shall be in fact what it "er
Irports to bo-a Just and true meas. pal
e OF value, or the representative of a cs o
st aud true measure or value. n
ABOUT BIMETALIsM. lilo
The country has recently heard a Ma.
eat deal about bimetalism and a
'uole standard. and it is possible a. "
at these subjects will continue to be $7,jv
scnsscd to some extent in the future, lru.
n my part, | have never been able to ouco
dersland what is meant BY a double ,,-
'ndard, or double measure of value. "'"s
Il | have never found anyone who 'lst.
ntd tell me. Mon
!, y "ai ,lihu II seems % absurd to 800
pnt .tQllu ride np t,.Cu1y - . ,,oJ.. ~ u