St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-05-25
BRYAN IN REPLY.
THE NEBRASKAN ANSWERS SEC
RETARY CARLISLE,S SOUND
MONEY SPEECHES.
SOUTHERN SILVER RALLY.
COMPARISONS ARE MADE WITH
THE SECRETARIES PRE-
VIOUS UTTERANCES.
THE CONGRESSMAN is CAUsTIC.
Pleads for Independent Action by
United States for RestOra-
ton of Silver

MEMPHIS, Tenn, May 24.-Mem-
phis is the storm center Of the South
just now in the agitation of the all
absorbing currency question. Coming
on the heels of Saturdays sound money
convention, at which the economic
views of the secretary of the national
treasury were eXpounded to large
gathering of men from all parts of
the South opposed to the free coinage
of silver at the ratio Of 16 to 1, comes
rousing meeting of an equally numer-
Gus class Of citizens whose slogan is
Honest Money" and whose guest of
honor was the eloquent young Ne
braskan, w. J. Bryan. Shortly after
the sound money convention was called
the silver people got to work upon
counter demonstration, with the result
that Mr.. Bryan consented to reply to
the speech Of Secretary Carlisle at
meeting held at the Grand opera house
tonight. Mr.. Bryan was introduced by
w. H. Carmack, editor of the Com
mercial Appeal, and received an en-
thusiastic reception. A considerable
comparisons on Secretary Carlisle slast
speech with utterances said to have
been made by him in 1873. Mr.. Bry-
ans speech was in substance as fol-
lows: 81 have read the speech deliv-
cred by Mr.. Carlisle in this city yester-
day, also that delivered by him at
Covington, KY, last Monday evening,
and l have compared them with the
speech delivered by him on the 21st of
February, 1878, in the house of repre-
SentativeS, and l am reminded of the
language used by David, in lamenting
the death of Saul, How are the
mighty fallen In 1878 Mr.. Carlisle
was hurting the pebbles Of truth at the
giant of the Philistines, John Sher-
man; today, as a Goliath, he daily is
sues challenges to his former friends.
Mr.. Carlisle asks why the advocates
of bimetallism are not in favor of the
restoration Of silver gradually. What
mockery this is! Did they not secure
the passage Of the seigniorage bill just
after the repeal if the Sherman law,
and did not Mr.. Carlisle's chief, Mr.
Cleveland, veto this bill notwithstand-
ing the fact that it was voted for by
more than tWo-thirds of the Democrats
of both houses? Did not the advocates
of bimetallism in the senate offer to
support a bill providing for the un-
limited coinage of silver with the pro-
vision that the government should
charge a seigniorage equal to the diff
rerence between the bullion and COIN
age values? Did not the
OPPONENTS OF SILVER
oppose this measure as violently as
they did the free coinage of silver?
"Mr. Carlisle, in discussing the legal
ratio, assumes that the United States
can accomplish no more by free COIN
age than our little neighbor Mexico,
and overlooks entirely the effect which
will be produced upon the value of
silver bullion by the unlimited use of
it in the United States; in other words,
he does not take into consideration
the fact that the United States COM
mercial standing is ten times greater
than Mexico, and he does not take in
to consideration that an increased
demand, such as would be furnished
by the United States, will affect the
price of that portion of silver which
falls upon the market. In estimating
the amount of gold available for coin
age annually he fails to consider the
great increase i'll the consumption of
gold in the arts and the increase in
commerce in the last hundred years.
Mr.. Carlisle holds out no hope of in
ternational bimetallism, but insists
that it is the duty Of the government
to maintain a gold standard and tries
to show that it will cause no apprecia-
ton in the value of the dollar.
what need is there for bimetallism
If the gold standard will furnish
sufficient amount of money? The con-
fession that bimetallism is desirable
destroys all argument in behalf of
gold monometallism, and when one has
admitted the desirability of bimet-
allism he must either favor the res
toration of it by the United States
alone or submit the destinies of this
people to foreign nations. 1t has been
we'll said that it is more dangerous to
put an English banker at the head
of our financial system than to put
an English admiral at the head of our
navy or an English general at the