New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-24
PRICE THREE CENTS.
MR.. CARLISLE AT MEMPHIS.
HIS TELLING BLOWS AGAINST THE FREE
SILVER HEREsY. To-

IN FAVOR OF THE GOLD sTANpAhD-
TWO STANDARDS OF VALUE
PHYSICAL AND METAPHYSICAL
IMPossIBILITY.
Memphis Tenn. May 23.-Under banner WIZ
the inscription Sound Currency and Better
Banking Facilities between seven ana e'sns
hundred representative men Of the soutnes"
States assembled at the Auditorium this AFTER
noon to express their opposition to the doctr'"s
Of the free and unlimited coinage of silver ana
to declare In favor of the continuance OF present
monetary conditions The movement that ~
suited In this convention ha\ Its inception carry
in April last In a joint conference OF members o.
the Cotton Exchange, Merchants Exchanee'
Lumber Exchange, Manufacturers Association
and Young Mems Business League. all OF TINS
city.
The appearance on the platform OF Secretary
Carlisle. escorted by the Executive Committee
was the signal for the first enthusiasm OF the
day the delegates. as we'll as the Thousand VI
more spectators in the gallery applaudins iouo
and long Shortly after O'Clock the conventon
was called to order by w. J. CRAWFORD OF tns
Cotton Exchange The call was read by Seorss
c. Matthews. and permanent organ'zauo" ""'
quickly effected by the selection OF Consress"A"
Caichings of Mississippi. as permanent cnai'-
man. Secretary Carlisle then spoke In part az
follows:
Mr. President, do not think the importhancS hs ovep =.
the questions you are eaeu rsvty 10 Of the situation
be overstated. The proposition to revoi%u.4, % q, vha
Government and the people at home ana aprosii I'll
violate the obligations of all contracts uhss" ~ o.
expe capital from country and seriously e,ve. ve
the trade Of our people amonf nfr,es is one
which challenges the intelligence patrotism anr H
commercial honor OF every man n 70 tns rea
and Of those who MAKE the pro8os1 Of silver at
ss ra of Is to these the consequence, Inv
voved in their scheme, and IN my !ad opda'on' '"e'
nc part Of the the ~ ,Ss %s
Of such policy prove more h!u,GinS han IN the undeve
onad and pTogressive South. When the great S,v'
War closed industrial system eli broken up. your
rr.ncv was worthless your farms were devas,a,
mines were GSseG ser yas xasr useless and
siwavs were unsafe and Inadequate even LOT ryea
serySs sey we're ena s IL
that foundation you nave c0ms,sed industries and
Commerce which II not disturbed ny
unwise experiments in financa, aii the active
CAPITAL and skilled labor necessary 10 Your mag
prosperous % par roa 81 and ron Your fertile so
to the growth cotton sugar ana
products which NJ G'hsc
acturs OF iron and steel cotton goods; s;ber artce:
furniture ann an cbeapy produced from the raw mste
as ras within your limits constitute the hch nothing
s5Swfs 1Ss peops q vim continue
to exnio md ~ the same devotion principle tnat n.ss
always them In sns srander exbb
The Courage and orttude than was n"ns
here when defeated and id ap%ost destitute o.
oos and to sss
q msnSf sI4r snsr social order hr
Commercial relations ana ns ~ believe that
SYSTEM ana ssn no~ a% be so
tnnporary business depression or so Iii hssy r.
peais 10 ,nsi' and hazardous experiments with me
Currency in which all their tra"sacUo"' '"''
conducted.
MONEY ALWAYS COMMODITY.
,x,,s even after the commerce
q, the world had grown TO enormous prop. p... =.
tho nronriety of making any given guam"
hul,,on or any particular coin, iesa' 'e"'e 49,
M, even suggested. and up TO the p'e'e"'
,here is no legal tender In international 80
Vho,her nayments are made in gold or silver CONS
or in yoIj or silver bullion, actual ihtrihs'o H"
Sa,arr,nes the amount or quantity to be deh'-
ared no matter what may be the legal-tender laws
o. the different countries and no mater os ~ was
they may have the SAME Mhn their respective limits
The law of France. for instance, pav pnn 20 nisred
value value upon phy The laws OF the United states, the
French ratio being l52 to ana ours Coined or nn,
ou II were sent to that country to be used In the
payment OF debt or In the 2upchahse re ,he ratio Of is.
eS ,o or ar the ratio Of is to compared to sod;
Of ,is s 2 French SAfs snY.s HAS ss
oec whatever upon the value or purchasing power
OF 5be the ear mra wheh is full legal tender contains Sill
grains OF pure silver while our our doaxt % v.r Gny
az gpa,s snnt IL into the United states and other parts
sold s the aSoSs RrSs OF the hs
nomina or legal value in their own country Tn:
lega-tender laws a,leC country where the laws pre-
vail vail bur the laws establishing ratio do not AFFECT
the value OF tne taSrnad because is the metal that
axes the value o. The coin and not the coin that
"1es confess o, my inability to understand what /:
really meant BY double standard or measure OF
value; the idea is incomprehensib.e TO my mind be.
aus cannot conceive how IT Is possible to have
two different legal and measures or 1s the
q pound weighing sixteen ounces and apound weigh
ing eight 1 n s 10 Is Be legal % enres
with General Jacxson's Secretary or the Treasur.:
who sas nGard IN fact is seifevden The PROPOSE.
lion 10 establish and maintain two different meas
he snniied 10 the same things at the same time EN-:
bodies a physical and metaphysical sbsurdty' ana
srs unon the subject have been at last forced -
abandon It,
WHAT THE AGITATORS WANT.
In order to eliminate all irrelevant matter and
s,mpfy the argument. allow me to state exactly
what the proposition pending before the people
Is: 1t is proposed that the United States. without
the cooperation assistance OF any other Govern
ment shall provide by law that all the silver bullion.
or foreign silver coins that may be presented AZ
the mnts by individuals or corporations. foreign OF
domestic shall be coined. at the public expense.
into silver dollars. the ratio OF IS to with gold
that E that sixteen pounds OF silver shall be con-
sidered equal In value to pound OF gold and the
weights OF the coins shall be adjusted accordingly
and that the coins made at the public expense
shall be delivered TO the OF the bullion. or
foreign silver coins. as the case may be- and all the
people OF the United States but nobody else shall
be compelled by law TO receive them as dollars OF
full value. in the payment OF debts due TO them from
their fellow citizens and from the citizens or
subjects OF other countries 1t Is not proposed that
the citizens subjects Of other countries, with
whom our people trade shall be compelled to receive
these silver dollars In their transactions with US,
because tha. car be done only by international
agreement. and impatient free-conage friends
afr dat rvpiu af