Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-26
AT ROWLING anEnN
Carlisle Gives Five Propositions Which
lie Says Cannot be Answered.

lie Says Cannot be Answered.
Bowling Green. Ky. May a5.-Hon.
John g. Carlisle, secretary OF tho treas
ury. spoke here today In the opera
house ON the currency question. The
Park Guy was crowded with people,
and long before the appointed hour the
opera house was packed with those
anxious to hear the secretary speak.
The seating capacity OF the house was
only about 1000 and It was found
necessary TO exclude women and chill
dren. voters only being admitted,
by the time Mr., Carlisle arrive the
house had been iilled to Its utmost
capacity and standing room wac ut
premium, The speech began promptly
at / o'clock, when Mr., Carlisle came
on the stage he was greeted with loud
applause. He was introduced by the
Hon. G. w, McElruS. There were no
fOrmalitlca, and the secretary uanched
forth In a speech. Several times at
the opening OF the speech the applause
was 80 loud and the enthusiasm was
such that he was frequently Inter
ruptod. After brief statement TO
the eject that he was there nH Dem
ocrat to discuss public questions and
not In any way to apologize for the nd
mlnlsiration, which he thought needed
no apology, Mr., Carlisle continued AZ
follows;
Tho question IL. whether we shall
continue TO preserve our present none
tnry system under which all the dol
lars IN use Mt the present tlmo. wheth-
er gold. silver or paper are equal In
purchasing power In all markets. Tho
proposition Of our follow citizen IN ia
vur OF the free and unlimited coinage
OF legal tender silver Is that the United
States, alone. without the assistance or
cooperation OF any other government
"a a.
Of Az l2 grains OF standard silver into
dollars and by law compel all the pco-
| pie Of the United States. but nobody
/ else, to receive these dollars IN the pay
ment Of debts OF all kinds. when. aa n
| matter OF fact, the silver contained In
such coin Is only worth about 80
| cents
The claim by the free coinage men
| that free coinage at IL To 1 would APP
| preciatc silver and bring IL TO q parity
with gold destroys the argument that
It would furnish the people with cheap
currency with which 20 pay debts.
No country can establish FREQ coinage
OF both metals. giving to each fun le-
gal tender qualities and keep both In
circulation at the same time.
England tried II for go years, nnd
with strict laws against the eXporta-
ton Of any coin. lost all her gold. and
was driven IN 1916 to the single stand
| NTut Wherever III All' Ahl'HN9 VI u
county metal ~ oVcrsa!ued IN cont
pnrllon with another metal the under
v9dlutd metal Is driven out OF the coun-
try.
IL the government was 10 say that "A
bushel and a half OF wheat was worth
one bnshel OF oats only. but the farmer
actually found that lac could get more
out OF his bushel and half OF wheat
he would always pay his debts IN oats.
There arc five propositions which abb
solu.cly cannot be denied;
!. There 10 not a free coinage country
In tibet world today that Is not on "a
silver basis
try In the world today that does not
use silver as money along with gold,
g. There IN not n silver standard coun-
try In the world today that uses any
gold us money along with silver
T. There Ia not u silver standard coun-
try In the world today that has more
than one-third OF the amount OF the
circulation per capita that the United
States has.
s. There Ia not silver standard coun-
try In thew orld today where tre labor
Ing man receives fair pay for his day's
work.
, If the United states could coin all
the silver IN the world available for
coinage the aTl IA grains Of pure sill
: Yer contained In our dollar would be
worth In this country as much as the
! silver dollar but the silver dollar itself
: would be deprecated. The Mexican
dollar is worth only about 80 cents Of
I our money
, That would be exactly the effect on
our silver dollar II we coined for prl-
! vnte account. free oil the silver
brought. II we can by making tho
ratio 10 TO 1 make a silver dollar pass
ns 100 cents when II In only worth 30
cents, why could Il not be done at u
ratio OF 10 to l?
! Before free coinage Of silver can be
: brought about another congress and
} another president favorable TO II would
{ have TO be elected. This would certain
ly take three years and before that
! time every creditor In the country, see
, Ing the coming OF cheap money, would
call upon his debtors 10 liquidnte be-
: fore the cheap money was lawful.
which would bring upon the country
a panic compared with which all for
: mer panics were as nothing.
In 1906 when the Spanish dollar and
+ the French crown wcr made legal
, tender and were slightly underweight
r II drove all the full weight American
: silver dollars out Of tho country 40
: that Mr.. JnffersOn stopped the coinage
: OF the silver dollar The subsidiary
l coin WIS. also driven out because OF
: fun fractional weight and the coins
, were slightly reduced IN weight In
/. order TO hold them In circulation.
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