The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-06-25
LETTERS From THE PEOPLE.
Mr.. Carlfsle's Prophecy

Editor constitutional have read with
considerable interest your editorial in this
mornings paper on The Collapse or
Boom" in which you deal with the terrific
failure of HUMPHREY b. Chamberlain, OF
Denver. 1t is said that the creditors or
this great real estate enterprise lost fully
three million five hundred thousand dollars,
their money having been invested in ali
sorts of lands and improvements in Colo
RADIO and the west
The moral you draw, warning the people
against promoting and booming schemes,
is all very good, and L thoroughly agree
with what you say about boom towns. But
does it not strike you, Mr.. Editor, that
back OF this devastating collapse, involving
millions of dollars. is something of more
serious import than the false structure or
a hoom enterprise. Is not the real trouble
to be found in the fact that all OF this mon
ey was invested under one standard or
money and the collapse caused blythe de-
probation Of values resulting from another
standard? In other words, is 1t not the re-
suit of the appreciation in gold and the de-
probation in silver and the consequent oe-
moraliZaton OF business values caused by
the adjustment of the single gold stand
ard. Those people invested their money IN
Colorado and other western srales ana
bought by these unfortunate creditors when
forced TO sale under the collapse caused
by the single gold standard had probably
Hence the collapse.
Some years ago Hon. john q. Carlisle,
now secretary Of the treasury, in detendlng
the use of silver as a standard money met
al, from his seat on the floor Of the house
of representatives attacked most vigorous
ly the conspiracy" to destroy from three
sevenths to one-half of The metallic money
of the world" the words quoted being his
own; and of the danger lurking behlnd
the consummation of this terrible outrage
he uttered these most significant words:
THE contamination Of such a scheme
would ultimately entail more J,,sery upon
the human race than all the wars, pestI-
lences, and famines that ever occurred III
the history of the world
Now, Mr.. Editor, was not this a propne-
cy? Has not the pestilence OF demonetlza-
ton done it's fearful work, as predicted:
Is not the horrible failure in Denver, ana
other vast colapses which nave taken
place, direct evidence of the truth Of MT
Carlisles lamentable prophecy OF what
would follow the "consummdtion OF such d
scheme?'
From the continuation of the same uisas-
trous, demoralizing and pestilential results
may the good God in His mercy deliver US
and may that mercy allow Him, III the final
day of judgment to look with compassion
and forgiveness upon those who have
wrought this ruin on people, is the
prayer OF A BIMETALLISr.
How the Mighty Arc Fallen.
Montgomery, Ala, June 22-(Snecia,> =
The Mobile News thus rectes the hard
luck of some of the local namesakes of
illustrious statesmen:
benjamin Franklin was recently soundIv
nogged for stealing chickens, Thomas lief
ferson was put on the rock pile for va
grancy, James Madison was fined for get
ting drunk, Aaron Burr had his eve pouped
out in a fight, Zachary Taylor robbed a
widow OF her spoons, John Wesley was
caught breaking into store, George
Washington is on trial for ATTEMPTED out-
rage, Andrew Jackson was shot in a negro
barroom, Martin Luther hung himself on
the garden palings while stealing basket
OF vegetables, and Napoleon Bonaparte is
breaking rock for a 50 fine in New Orleans.
What's the matter with the old boys?''