The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-06-15

LOUlSylLLE, N.Y. June lf.-lno large
personal following Of Secretary Carlisle
In this city and the keon interest felt
BY all classes in the currency question
filed Music Hall this evening with such
crowd as Louisville never before saw
conSrcsated on similar occasion. Long
before the hour q. which tho address
was advertised to begin the hall was
filed to oyeraowing, the wel!.to.do and
influential business men joa.liug with
the laborer aud mechanic for con.
yenieut seat. Nor va. tho meeting q
gathering OF Democrats to honor party
leader. Republican. were out In force
and on every conntenunce could bo seen
the desire TO learn.
Promptly at s o'clock Mr.. Carlisle
came and was presented by Charles K.
Long. His reception should have salts.
fed the most expectant. When the
tremendous applause sublided, in his
clear. incisiye voice, Mr.. Carlisle wadei
Immediately into his subject
Mr.. Carlisle repeated his argument,
that the undervalued metal would be
driven out OF the country by the atiop-
tion OF bi-metall:c system, aud NJ
,one length paid attention to the claims
thsi.the fall in the price OF silver was
due TO its demonetization. He said:
.'rhe same Law which drove silver out
Of circulation under the acts OF 1884 and
1887 would have kept 1t out, and in-
stead OF having in circulation among
the people about sS9S, 100000 of legal
tsricer silver, as we have now, we would
have had none. The fall in the price OF
silver was not due TO the legislation
complained OF, but to an enormous
over.production. The average an
nua production Of silver in
the world during the five years
next preceding 1868, was about $50, ,00o,-
900; while in 1898 1t was over 500, ,000,-
000, an increase of ZIG per cent. much,
greater than the increase in business or
population OF the world. Notwith.
standing the fall in silver, silver mining
continues to te most profitable in.
dustry. While the farmers and other
prodncers ARE, struggling to live com.
fortably and meet their obligations,
owners OF silver mines have accumulated
enormous fortunes.
ut Is not necessary to discuss what
might be the effect OF the permanent or
temporary establishment OF an ,interua-
tional ratio by agreement between the
great commercial countries OF the
world, because the free coinage peo.
Pile repudiasa the suggestion that any
other nation should be consulted,
aud all that ia necessary is for
the United States to proceed independ-
entity at once. II the fat OF a single
soyernmentis is sufficient to impart value
TO coin or any other commodity, per-
haps these gentlemen are right. but the
whole world has been wrong for thou.
iands OF years, and all the labor and all
the taxations to which the people
Of the world has been subjected
in the pas. has been unneces.
sary and unjus.iiable. That the
ia. OF the government does not mako
money was illustrated by the history OF
the trade dollar. That was coined free
OF charge and delivered without ex-
pense to the owners OF bullion, and
contained thirty.six moro grains than
was contained in two hall dollars or
four quarters. It was legal tender for all
debts up to S., Just as half dollars
and quarters were. The trade dollar,
more valuable, intrinsically, but with
ont the credit oil the government Of It
,ank to 80 cents, while the less valuable
Of coins were maintained at tull par.
What happened to the trade dollar
would be exactly what would happen
to all other silver dollars il free and un.
limited coinage vero adopted"
Mr.. Carlisle will leave here tomorrow
morning, over the Chesapeake & Ohio
railroad for Washington. After the
speaking tonight the secretary was
tendered reception at the Wa:tcfson
rlph Tl1sl -si. ~