The Caucasian. (Clinton, N.C.) 188?-1913, 1895-05-30
Congressman Carlisle, 1878.
UNLIMITED COINAGE OF sIISxs

UNLIMITED COINAGE OF sILNER.
MY position On this subject is brief
Chis: am opposed to free silver coin,
aye OF either gold or silver. but in
!avor OF unlimited coinage of both me-
/. .a'S upon terms Of exact equality.
me Senate has declared by large
.o.e mat the coinage should be limited
70 sum OF not less than 81, OOO, 900. nor
more IMAM 100000 per month. Ii the
execution OF this measure could be in
trusted TO public officer whose opin-
IONS upon the subject were i'm accord
WIN thOse OF the great majority of the
american people and whose sympathie
were with the struggling masses who
produce the wealth and pay the taxes
Oh the country, rather than with the
IDLE holders of idle capital, the pro-
vision alluded to would be of little con-
seqences, because he would coin the
maximum instead Of the minimum
allowed by the amendment.
ESTIMATE OF THE METALs-1s7s.
Except during a period of seven
Teen years. from 1917 to 1884, silver has
nearly always been undervalued in it's
re!atlOn to gold by the coinage laws of
JuCI was lie case con.
tlnually from 1884 until its demoneti-
cation in 1S71-74, and the inevitable
consequence was that the silver dollar
OF full legal weight and fineness had
entirely disappeared from our circula-
t!On Tor at least twenty years before
the suspension of specie payments in
ls6l-e2.
During the period of ia years there
was but one year when an ounce of
pure gold would purchase 1898 ounces
of pure silver, and yet that was the
ratio fixed by the law Of this country
IN 1887, and is the ratio fixed by this
bill.
81 shall not now enter into an ex-
animation of the causes which have
| combined to depreciate the relative
value and to appreciate the value of
gold since 1873, but | am one of those
who believe that they are transient
and temporary In their nature, and
that when they have passed away or
been removed by the separate or united
| action of the nations most deeply in
terested in the subject, the old ratio of
actual and relative value will be re-
established on firmer foundation than
| ever.
| THE ESTIMATE OF LAW-1S7S.
According to my view of the subject
the conspiracy which seems to have
been formed here and in Europe to de-
strOy, by legislation and otherwise
from three-sevenths to One-half of the
metallic money of the world is the most
| gigantic crime of this or any other age
| The cOnsummatiOn of such a scheme
would ultimately entail more misery
upon the human race than all the wars
pestilences and famines that have ever
occurred in the history of the world
The absolute and instantaneous de.
structiOn of half the entire movable
property of world, including houses
ships, railroads and all other appliances
for carrying on commerce, while il
would be felt more sensibly at the mo.
ment, would not,prOduce anything like
the prolonged distress and disOrganiza
ton of society that must inevitably re-
suit from the permanent annihilatiOr
of the One-half of the metallic money
in the world.
The struggle now going on cannO
cease, and ought not to cease until al
the industrial interests of the cOuntr!
are fully and finally emancipated from
the heartless domination of syndicates
stock exchanges and other great com
binatiOns of money grabbers in thi
country and Europe.