Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-06-15
CARLISLE REPLIES.
Fail In tho Price ut silver Not Duo 60
Liquidation.

LOUISVILLE, Ky, June 1.-The
large personal following Of Secretary
Carlisle In this city, AMI tho Interest
folt by all classes Ia the currency ques.
ton, filled the Music hall this evening
win such n crowd as never before was
cOugtcghied on n similar occasion.
Long before tho hour 81 which the
address was 10 be given, the hall was
filled to Oycrl wing, tue woli.io-dU
and inf rental mao i0stling with tho
laDOter nnd mechanic tor q convenient
seat. Nor was the meeting gathering
Ui Democrats 10 honor q party leader.
Republiulgs were out IN force.
P.Ompily vt O'clocH MI. Carlisle
came forward and was presented by
Charles II. Long. His reception should
nave saiishvd the mot sXptCtHut.
When the tremendous applause sub.
siisi In his clear, incisivo voice, Mr..
Carlisle wfdpi imme iiately iuiO his
subject.
Mr. Carlisle repeated his argument
that the uniutY,lued me nj would 10
driven Uut NJ the cOuntfy Ivy the hdop.
iiOu OF blmrtallio system, and ~
me lougtn paid attention to the o!alm
that the tall VA tnu price OF silver was
due g. d mOuetizatiOn. He sail:
at II Insisted, II n claimed tuni the
fail la tbs price uf silver IL attributable
10 the leg siatiOn In Germany, the
United S,Ilys, France AMI various
other CbuuintH during aud since the
year 1913, ana most illOgiczlly u u In
sisted that, Notwithstanding the 70.
ducal price Of taat metal is the result
OF unirlcndly action VI great many
EIvetnmuutH, acting Ia concert and
with settled purpose, tbu United
Statea eau alone frstOfu the value II
silver. OF cDuuc u 10 required the
ECtiOn VI twelve or thirteen different
governments 10 bring the price VI sil.
yer T. ilH prosyni state, u would seem
diit. clear that no unu u thon alone
OOu Il fost rs II.
al the depreciation IN thu value OF
silver, us compared 20 gold, has been
Causei rIlDly by luv adverse Liquidation
complained Of, II follows that N that
legisiaiiOn hal never takCn place tho
vaiuu o! silver, a. compared to god,
would now be the zane as " was VA
ls1l, before tnAI legislation occurred.
WHAT, thea, would nave been the re-
-uN? Not single dollar Of full legal
tender silver would DO In circulation Ia
the Uuiied States 4 this time or any
other time aiucO 1872, beCaulo NJ TIA.
time the bullion contained In the silver
dollar was worth about 3per cent moro
thsn the bullion contained In tho gold
dollar, ani the two could not circulate
together.
"rEe same law which drove silver
cut Of CifCula lon uudyr the acts OF 1854
aud 1887 would hAvj kapt Il Oui, hud
instead VI having IN circulation among
the people about 3y5, 100000 legal teu.
der oliver iOllarg, as We have uOw, We
would have none.
"rha fall Ia the pTicR OF silver was
not due 10 the Legislation complained
VI, but 10 au enormous 0yeTptllucti0u.
Tue average annual production 1 silver
In the wgflt curing the i've yelta nuAt
preceding laIa was about 800 OODiuOl,
while Ia 1919 10 vNs Ovst $500, 400,
nm iucteutu OF III per cent, much great.
or than tho Increase VI business or tue
population Of the world.
"Nut withsiaDiiug the fall Ia ailyCr,
silver mining continues to bn most
profitable Industry. While che farmers
and oIAGT producers aTs struggling to
live comfortably, tue owners Ut silver
min,s have accumulated enormous
fortunes,
at is not NECESSARY to discuss what
might DO tho elect OF the permanent
Ur temporary sBlubllsnincnt u Ru Ia.
transitional ratio by agreement OF the
commercial oJuntfie9 OF tue world, be-
cause tho ifoe coinage people Tepudiate
the suggestion that amy other nation
should bs cOuililed, anu all that Is
necessary Is for tho unitsi States u
proceed Independently ut once. II the
nat VI a single government IL sun cleuI
| to lmpaTt value - y CJtu or any other
| unmmo Iiiies, perhaps these gentlemen
are right, bus the whole world has been
wrong Tor Thousands OF years, Ani Nil
| the labor anu all the taXadOn to which
| the people Of tue world nave been sub
Iucted In the pa6t has been uuuecss-
safy and unlustiilaGlr.
"rlst the fiat ~ the government
| does not make money, was illustrated
by the history Oi the trade dollar. That
was C0iuel fee Of ohatye, ami deiiv'
cred without expense 10 the owners VI
bulllou, and contaiuei thitiy'siN more
grains than wac contained In two hal
dollars or four quir;eTs. IL was legal
tender for oil Csots NJ to 50, lust NJ
hall dcllaTs sbd quarters were. tn,
trade dollar, more va.utble Intrinsic
ally, but without tho credit Of the gov
ernment, sauk 10 % ouuls, while th,
loss valuable COiuH weTo maln nj ell
full par. WHAT happened % the trad'
dollar was exactly what would happen
to all other silver dollars u FREQ am
unlimited coinage were adopted"
Mr.. Carbide VIII leave more bmof'
row over the Chesapeake q Onio fol
Washington.
Alter the speaking tonight thu scorc'
tATy was rendered a reception al TIT
| HsIteTaJu club.