The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1895-07-04
CARLISLE AND STEWART.
The Latter Replies to the Propositions
Laid Down by the Former.

In MS bowling Ireen speech, Sec
rotary Carlisle laid down these five
propositions:
"Flrst. There is not free coinage
country in the world to-day that is
not on silver basis.
Second. There is not a gold stan
dard country in the world to-day that
does not use silver all along with
gold.
Third. There is not a silver stan
dard country in the world to-day that
uses any gold as money along with
silver.
Fourth. There is not silver stan
dard country in the world to-day that
has more than one-third as much
money in circulation per capita as the
United States has; and
Fifth. There is not a silver stan
dard country in the world to-day
where the laboring man receives fair
pay for his days work.
In reply, Senator Stewart laid down
these five proposition:
First. There is not a free coinage
country to-day that is not more pros
porous than at any other time during
its recorded history
Second. There is not a gold ctan-
dard country in the world, except
France and Germany, that recognizes
silver as standard money, but all gold
standard countries require its redemp-
ton in gold and treat it as credit
money. There is not gold stan
dard country in the world that is not
in greater financial distress than at
any other time in its history.
Third. There is not a silver
country in the world whose silver
does not maintain stability OF prices
and secure the greater prosperity.
All Europe is combining agains; Japan
because her silver basis has made her
4 dangerous competitor; and, II She
continues as at present, with Europe
on gold basis, the manufacturing IN
terests of Europe and the United
States will be transferred to tie East
with Japan in the lead.
Fourth. There is not silver STAN
dard country in the world that was
not ruined centuries ago by the few,
who absorbed the wealth of the masses,
and organized serfdom and slavery,
from which those countries are now
slowly emerging by means of the in
creasng value of silver money; and,
if present conditions continue, there
will, in the near future be liberty in
the East and slavery in the West The
forces which created slavery in the
Fast are now operating in the West,
and the inflow of new money which
liberated the West is now reviving CIV
ilization in the East. The combina-
ton of Europe against Japan to destroy
her prosperity and enslave her by force
of arms, is recognition of the vital
izing influence of abundant metallic
money in the Orient. Slaves and
wild Indians do not require the same
amount of money per capita as the
more civilized people. 1t is true tina,
the Asiatics have less money than we
but it is not true that these condition:
will continue On the contrary, the
shrinking volume of money in the gold
standard countries is forcing the PEG
pie to the condition of the Fourteenth
Century, in Europe, when there wa:
no money to circulate, and is increas
ing the supply of money in the Orient
where the people are emerging from
barbarism, as Europe did in the six
teenth century, from the inflow O
gold from Mexico and South America
Fifth. There is not silver stan
dard country in the world where EN-
ployment is not more abundant, anC
labor better paid, than at any othe
time during the last five centuries
There is not gold standard countr,
in the world where the laboring classe
arc not suffering more for want of EN-
ployment and prompt payment Q
wages than at any other time during
the present century. 1t is true tina
the conspiracy to demonetize slve
has not been long enough in operation
to place the masses of the Unite,
States on as low level as the Asiatics
but it is equally true that the none
system now at work throughout tn
world, if maintained, must, in III
near future, reduce them to that leve
and must in time elevate the Asiatic
so that they will have larger pc
capita Of money than .he slaves Of tn
Western world.