The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-11-20

NolOnmuht OI tnh country,
NEw YoRK, Nov. lO,-The l27th an.
nuuI banquet of tho chamber Of cOm.
merCe OF tho state OF New York was
held at DelmonIco's this evening. The
yearly dinners OF this organization arc
among tho most important events Of
tho metropolis, aud that OF tonight was
no exception, Covers for 275 were laid
tonight.
1t was somewhat after o'clock when
President Orr, welding the gavel OF
the chamber, raped for order. aud in
a brief speech, in which 10 rofOrrsd to
the Armenian atrocities, introduced
Secretary Carlisle, who spoke on "our
Currency System"
Mr. CarliSlo saidiu the course OF his
speech:
"rwo years ago, Mt your annual ban.
quot, | said that the disposition aud
ability Of tho government to maptRin
its own credit at the highest standard
and 10 preserve tho integrity oi all the
forms Of currency in circulation among
the people, could not DO reasonably
doubtei' and ought not to bo tho sub.
ject Of further controversy. Since that
declaration was made here, interest.
bearing bonds to tho amount OF SlG2, &.
3l5, 400 have been issued to procure gold
for the redemption Of United Statos
notes. The notes still remain the sAmo
us at the beginning. Tho notes arc 70.
deemed, but they arc unpaid. Our To-.
gal standard OF value is as sound as that
| OF any country In tho world, and II we
had such currency system to gnaran'
teO it, permanent maintenance, nogoy.
erRment would command larger credit
Or realize Greatar benefits from it than
ours; but tho great Investors oi the
world appreciate tho difficulties under
which We arc lAbOring aud, until those
diaicultios arc removed, VS. caunot rea-
sonably hope to see perfect confidence
restored At homo or abroad.
mo change in our currency system
will afford relief, unless It provides for
tho rotiroment Of tho legal tenders. The
circulation OF legal tendoVs has tonc-
ency to drive out Of use and out OF tho
country tho very coin in which tho gov
ernment 10 compelled TO redeem them;
and II has oxpalod millions OF dollars
from our borders,
Tho agitation for the, iroo coinage OF
legal tender silver IL pfedicatei upon
the same vicious principle that UNDER
lies the legislation making paper prom
isos legal tender; but thero 10 prac-
tical difference between tho two sys-
toms The United States noto was a
forced loan from the people to the gov.
ornment, which the government prom.
ised to repay In dollars, but tho free
coinage Of legal tondor aIlveE at the
ratio Of lG to would DO forced loan
from the people to the owners OF silver
mino' and silver bullion without a
promise oi repayment by anybody
"Ths campaign against tho PROPOSE.
tion to daDasO our standard Of value
should not bo abandoned or suspended.
"Let uB have no more ambiguous
phrases. no more inconsistent and irre.
conCllablc clauses in party platforms or
public utterancOs, but lot us mako our
meaning so clear aul our purpose so
plain that thoy can ba neither misun.
| dnrstool nor Succnisiully mjsropro.
IontOd. II majority OF tho people oil
tho United Staini arn In favor OF tho
maintenance OF tho prolon. standard OF
vRluc, thsy ought to have m oppor.
tunity 10 say so. On tho other hand, u
a majority Of our people arn In favor OF
abandoning tho present standard Of
value md establishing silver mono.
metNlism, they should hNvo nm oppor.
tuniiv to say that whom this issue is
directly presented we need not fear tho
result"
Secretary Carislo's spooch was fro.
quontly applnuled, especially that part
where he committed himself to sound
money.
lIe was followed by United statos
Senator j. q. Burrows, OF Michigan,
who spoke on "Our Domestic Com.
mcrcc" Senator Burrows quoted g..
ursi showing tho growth oi tho Amer.
icRn business, aud concluded:
II this supply Of our domestic pro.
| duction shall Cxcond tho demands OF
domestic consumption, lot ~ tlnl way
undor reciprocity to secure foreign mar.
kots without impairingo or surrondorng
onr own, turning our attention to tho
Bj,000,0 0Ol Of pooplo on this hcmi7pherO
to tho south Of uH, unfurling our flax IN
ayory part OF Central and South Amor.
lea, piercing tho barriers between the
two oceans with new highway OF COM
m1rCO Oprn to tho sun, and penetrating
tho Contrc' OF South American trade
with nm intorcontiuonial railway.
Charles Emory Smith, Of Phlladel-
phin, cE.miniatur to Ru'Bia, wan tho
third speaker, llil toast being "Nntlonal
Development aud Opportunity"
"Ours Ii land ot lnllncBg, mud not oil
famine. Providence has doWBrOd Us
with mntchlcsa opportunities, mud tho
worlds evolution uniolds bOiorU uS tho
Ctowning destiny Of mankind, In q
hundred ynnra u marvellous growth lns
| advanced our country from almost
nothing, until to-day II possesses moro
thnn 0nU.lilh OF all tho wealth OF tho
world.
"ln tho two decades from 1870 to 1890
tho tliroO mighty powers Of Grcat litt.
ain, France md Germany, NIL Coinblnud
| with their lSj,OOO.OOO ppopIo gained In
wealth S3g,OOl ODD,OO), white tho Unilnd
Statoi alone, with ila OOOOOJOOO people,
gained i3}S,001,0
"lliO Unltcd Slatna Ontns two.thirda
~ much ~ Nll tho othOr lhroo put 10.
goihcr In 1890, thu product Of our
manufactures wns lltlo moro than halt
ui llnllandH In 1880 h more tlan
doubled llcr output. Our nypnnsion In
| indngttn1 wnH moro than lwiCn that ul
England Franco aud Germany loghlhch
"lncir debt, urn pllinlun; ours nro
melting nwnN 1'hoir tnSot ttc rlslugi