The Daily Texarkanian., 1895-06-10
FIVE PROPOSITIONS.
Laid Down by Secretary Carlisle and
not only Denied, but An
swered.

of these is that "there is not free
coinage country in the world that
is mot on silver basis The infer
ence to be drawn is, of course, that
if we should adopt free coinage, we
should be on silver basis. The
assertion is deceptive on It's face,
but without significance. Since the
success of the conspiracy to put the
leading nations of the earth on a
gold basis, these nations have been
forced to grab for all the gold in
the world. How could countries
like Mexico and Japan keep any
gold with all the great nations of
the earth scrambling for it and bid
ding larger and ever increasing
quantities of commodities for it.
But why talk Of such countries as
Mexico when the question Of con-
sideration is the power and ability
of the United States?
The second proposition is that
there is not gold standard coun-
try in the world that does not use
silver as money along with gold. OF
course. Ihe supply of gold is so
scanty that they are forced to call
the desplsed white metal to their
assistance. 1t is silver that saves
the gold standard countries from
utter ruin.
! The third is that there is not a
/ free coinage country that uses
gold--for the reason we have stat
ed.
The fourth is chat there is not a
silver standard country that has
one third,as much money per capita
as the United States. Why2 Be
cause they use silverY Would they
have more If they used gold2 Col.
Patterson gave the true reason for
this when he said that the United
States needed a large circulation
because Of its great commercial ne
cessities, while countries like MeXi-
co needed little because they have
little commerce. Mexico has a
large circulation in proportion to
her small trade, and that is enough.
Unless Mr., Carlisle can show that
the difference between Mexico and
the United or England has been
wrought by the difference in their
monetary systems the statement
has no significance. If Mexico
needs large circulation she can
get it, while we cant. There are
gold standard countries where the
circulation per capita is just as
scanty and for the same reason,
Silver standard Mexico has a larger
circulation than Turkey, or Servia,
or Roumania, or Hayti, all Of which
mighty and prosperous nations are
blessed with the gold stand
ard.
The same thing may be said as to
the fifth proposition about wages.
Differences in monetary standards
have not created the differences be-
tween the people and civilizations
Of Asia and Mexico on the one
hand and the United States and
Europe on the other, They exist
ed under all kinds of monetary sys-
TENS. If the gold standard can It.
self elevate the masses of the peo-
pie, why has II 80 signally failed in
50 many Of the gold standard coun'
triesp The gold standard has not
elevated the Turk, nor the Haytiau
nor the Egyptian, nor has the silver
standard depressed the Indian OF
the Chinaman, or the Mexican.
But there are some other proposl'
tions that cannot be denied as wei
as the meaningless assertions Of Mr..
Carlisle. Here is one; Every coun'
try that has adopted the single
gold standard has for years beer
passing through q period Of deer
depression, marked by falling prlc.
es, social unrest industrial disturb
ances, emphasized at intervals by
violent panics, This condi ton die
not exist prior to 1873, but began
immediately thereafter, and with
occasional aud temporary rallies has
lasted to this day
With the very time that the gold
standard countries began to suffer
from u profound business depres.
sion, the silver standard countries
began a career OF steady progress,
Japan's growth and development
had been within the past twenty
years. lndias great strides IN
manufacturing enterprises bad
been within the same time. Mexl
co has grown and prospered won
derfully within the past few years
and during the very time that We
have been passing through our per