Morris tribune., 1895-05-29

NW\ W/I
HON. W. j. BRYAN.
by Secretary Carlisle. In the course
of his speech Mr.. Bryan said:
II have read the speech delivered by Mr.
Carlisle in this city on Thursday; also the one
delivered by him in Covington, KY. last Mon
day evening, and have compared them with
the speech delivered by him on the 2lst of Feb
ruary, 1875 in the house of re representatives.. and
I am reminded of the language used by David in
lamenting the death of Saul: How are the
mighty fallen?" In 1873 Mr. Carlisle was hurl-
ing the pebble of truth at the giant of the Phil
istines. John Sherman; to-day, as a Goliath.
he daily issues challenges to his former
friends His speech of 1878 was made when he
was 4S years old, IN the full possession of his
physical strength and mental vigor He had
then been practicing lawyer for twenty
years; a member of the state legislature of
Kentucky and lieutenant governor of that
state, and was then member of congress
Mr.. Carlisle did not refer, at Memphis. to
his speech of 1S78 but he did refer to it at Gov
ington and said: Some of the opinions then
expressed have been modified, and some
of them have been changed alto
gether by subsequent events and by
a more Thorough Investigation of the
subjects to which they related: but, on the
question of free coinage my convictions have
not state, even at Covington, what parts of his
former speech he repudiated, and what parts
he modified. He served in the house
and senate for about fifteen years
after the making of that speech,
and never, upon single occasion did he at
tempt to withdraw the utteranceS of 1873 or to
modify the EN- phasis with which he then spoke.
lit is true that in 1878 Mr.. Carlisle did say
that he was opposed to the free coinage of sill
yer, but he ought, in all fairness, to have
stated that he was at that time opposed to the
free coinage OF gold also. He said in his
speech OF 1878: I am opposed to the free coin
age Of either gold or silver, bnt in favor of the
unlimited coinage of both metals upon terms
of exact equality
$50 much for the position Of Mr.. Carlisle
upon the question of free coinage. We do not
denv him the right to change his opinion. but it
has been more than a change OF opinion: it has
been change of heart. Mr.. Carlisle at that
time was the Moses of the common people;
he is now the commander in chief of Pharaoh's
army. He was then the courageous and ZEAL
Gus leader of the masses in the effort to re-
store the gold and silver coinage of the conSti-
tuition; he Is now the foremost champion Of
the very forces that he then denounced with
SO much vigor.
"In his denunciation OF Senator Sherman at
that time Mr. Carlisle stated in substance:
First, that the interests of the 'idleholders of
idle capital are different from the in
terestst of the struggling Masses; sec
ond, that Senator Sherman sympathizes with
the capitalists, rather than with the masses.
and third that Senator Sherman as public
official, sworn to do his duty, would be gov
erned by his sympathies, and, therefore coin
Dnly half as mucn money,as he would coin if
his sympathies were with the struggling
masses
History bore out the prophecy made by Mr..
Carlisle, because Mr.. Sherman and his sue
cessors never coined more than the minimum
amount Senator Sherman and Mr.. Carlisle
are now in hearty accord. Has Senator Sher-
man at last become the champion of the
struggling masses or has Secretary Carlisle
become the champion Of the idle holders Of
Idle capital? .r
MIR. Carlisle, in discussing the legal ratio,
assumes that the United States can accom-
pliSh more by free coinage than our little
neighbour Mexico, and overlooks entirely the
effect which will be produced upon the value
Of silver bullion by the unlimited use Of it
In the United States. In other words, he
Toes not take into consideration the fact that
she United STATES commercial standing is ten
lines greater than Mexico's, and he does not
lake into consideration that an increased de-
nand. such as would be furnished by the
United States, will affect the price of that por-
ZION of silver which falls upon the market.
lin estimating the amount of gold available |
Tor coinage annually he fails to consider the 4
great increase in the consumption of gold in 1
:he arts and the increase in commerce in the
asst hundred years. Mr. Carlisle holds out no
aope Of international bimetallism, but insists 4
hat it is the duty of this governmet to main
lain a gold standard, and tries to show that it
will cause NO appreciation in the value of the
Solar.
AT the Memphis convention Mr.. Catchings
insisted that the opponents of silver we're ex-
pecting Information IL bimetallsm. The seem
ng conflict between Mr. Carlisle and Mr..
catchings can be easily explained. Mr. Car
isle believes that the government should buy
whatever silver it needs, and therefore might |
be called buy-metallist. Mr.. Catehings is in /
favor of the restoration OF silver after awhile |
Il other nations will help US. and therefore |
nay be called y-and by metallist
what need is there for bimetallism II the |
gold standard will furnish sufficient amount OF |
money? The confession that bimet4llism is de- |
,irable destroys all argumentin beh alf of gold |
recommendation, and when one has admitted the |
sesirability OF bimetallism he must either |
iavor the restoration of it by the United |
States alone or submit the destinies of this |
people to foreign nations. 1t has been we'll |
said that it is more dangerous to put an En- |
glish banker at the head Of our financial sys- |
tenn than to put an English admiral at the |
head of our navy or an English general at the |
head of our army.
Mr.. Bryan discussed various phases of the /
money question, quoting frequently from Sec
feGary CarllSlc anu answering LIS lTSulucaUS
by arguments formerly made by Senator Car
isle, or by statistics He closed by
saying that Secretary Carlisle had
deserted the struggling masses for
whom he formerly spoke, but that, even
without his leadership they would be able to
cast their ballots for the restoration of the
gold and silver coinage OF the constitution, and
that the present efforts Of Secretary Carlisle,
instead OF retarding the movement would
make his former speech familiar to the Amer
lean people and show them the, danger Of in
trusting our financial policy to the idle hold.
ers OF idle capital" or to their representatives