The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-08-16

| deavor to see that the convention shall
be OF such complexion as to favor the Pres1-
cents idea. What movement, if any, is taxing
place on the other side to counterfeit this L
nave Deen too busy of late to ascertain De-
lleVe the sentiment OF the disinterested Demo-
Gratis OF California to be in favor of the free and
unlimited coinage of silver on the American "a
ITO OF 16 to l. What an answer this Is, if rightly
estimate the feeling of the party, to the asser-
ton so lndustriously made by the other side
That the proposition of free coinage emanates
scheme of the miners, for California produces
no silver to SPEAK of, but is the leading gold
mining State.
2. Will the party, in your estima-
ton, be controlled by the administration,
as In the recent conventions in Kentucky
and Iowa?
very much fear that it may be. You know
there is direct personal interest felt by those
who are working for the promotion of the ad-
mlnlstrat1on idea OF sound money" and ire
quent sales OF bonds to replenish the gold re-
serve. That is to say, the slogan comes from
headquarters, and it is one of the things that
they are for, to take it up and send
each boost of the cause. If Cleveland
converted Carlisle to the extent of per-
suading him into expressions directly opposed
thinking of a Cabinet position, why should not
Mr.. Carlisle, as Secretary of the Treasury. be
able to bring around the army of subordinates
in his department There is something to be
feared here, and If information which reaches
me is reliable some movements to that end
have already taken place. The hand of the ad-
mlnistra ton is already seen in the prellmi-
naries.
%. To what cause do you attribute the
export of gold from the National treasury?
To the hunger OF the financial cormorants in
this country and in Europe for another output
=of bonds. 1t is the grandest scheme of plumber:
that was ever devised by man. 1t is impossible
TO maintain the gold reserve under Secretary
lIl or rOI nj &c frQt re- 0n
: every form of paper presented is made payable
lin gold at the option OF the holder. Gold flows
to Europe and back again for speculative pur-
poses rather to satisfy any balances OF trade,
and the Government as at present administered
promotes the speculation at the expense OF the
people, from whose earnings the interest on
every issue of bonds must be paid. regard
the issuance of bonds in time of peace as a
crime against:the Republic, which should sub
jectthose responsible for it to impeachment !.
a. What means can be taken to restore
the business interests of the country?
None that know of save the full rehabilita-.
ton of silver as q money OF final payment.
The only thing the matter with the business
OF the country is the disturbance and stagna-
ton which result from a steady and persistent
depreciation of: values lin. general. There is
certain fixed relations between the volume. OF
money, considered as q unit, and the. volume
of exchangeable things, considered as unit.
lncrease'the one and you increase the other
that is to say, double the:volume of money and:
you double the volume of exchangea bic things.
as expressed by their price in terms of money.
This must be admitted. Well, the trouble with
business is that the volume OF money has been
decreased by a. half; and prices have: shrunk
away, correspondingly. The only way, there
fore, to restore the former relation and again
enjoy the good times that were but have. de-
parted, lis to return to- the free use of silver as
money off full power. :. -: : -.
= q. Do. you deem the expressions on.
finance of the Democratic party. in its:
recent conventions in Kentucky and: Iowa
to be in the interests of the people and
would you favor. like action by the DEM.
ocracy of this State? :: ~: -: :.
= Those expressions are in favor of the allied
interests and against the people, for the reasons
whichI have already given. This, indeed, APP
pears to be the new alignment of parties in the
United States to-day-the combined interests
against the .unorganiZed masses of the popula-
ton. When the Democratic party takes sides
with the former it ceases to be worthy of the
name and is destined to- certain defeat. The
party can no more win on the lines laid down
by the President than Mr.. Cleveland could ex-
.pect to evoke demonstration by posing as
.hebetudinous dude: The one would be no less
in centravention of nature and tradition. than
the other. - go