Mexico weekly ledger., 1895-06-06
PROF. P ON CARLISLE.
Some Sensible Questions Asked About
Free Coinage of Silver.
From the st. Louis Republic

From the st. Louis Republic.
ST. LOUIS, May 31.-7I have read the
speeches of MI. Carlisle with some
care, and / have read the comments
p o those speeches which have been
made by those who oppose his views.
These comments have consisted in
declamatory outbursts over the i'm
PROJECTIONS of certain men, and in
statements that Mr.. Carlisle did not
always talk as he does now. This does
not seem to be an adequate treatment
of Mr.. Carlisle's present argument.
For my part l do not care what Mr..
Carlisle formerly thought or said. |
would like to have some free coinage
explanation of this particular part of
Mr.. Carlisle's speech:
What is the evidence that we need
more silver money? Mr.. Carlisle says
that during the last II years we have
coined in legal tender silver dollars
1897 ,652, 1873, against 5000, 900 during
the whole prior existence of the Gov
eminent. | understand Mr.. Carlisle
to say that the present gold circula-
ton of the country is $685., 900 900.
The passage of a free coinage act
| would certainly withdraw this gold
from circulation, and Mr.. Carlisle says
that all the minis of the country could
not coin the silver which could take
its place in less than Is years. When
such statements are made by a mar
weighted by the solemn responsible
| ties of Mr.. Carlisle's office, it is simply
| childish to make answer that such
statements were not made by MIR.
| Carlisle in the silurian or ~paleOzoic
ages. [ would like to see some ade-
quate treatment of Mr.. Carlisle's
| statements. l am already convinced
of the colossal greed of the Eastern
money kings, and | don't need any
more information about them.
| / wish to have those who advocate
the free coinage of silver at its pres
ent ratio to tell us how I and others
are to be prevented from withdraw
ing our deposits from savings banks
when the time arrives that the free
coinage of silver seems probable.
How will they prevent people from
| exchanging this money for gold, to be
put in safe deposit until gold is at a
| premium of 100 per cent. How will
they prevent people from demanding
payment as notes fall due during the
next Two or three years in order that
they may convert their money into
| gold dollars. 1t will not require the
colossal greed of the Eastern money
king to bring about these unpleasant
demands for settlement. The desire
of the average citizen of the middle
that is to say, the highest-class, to
protect the savings of a lifetime, will
bring about the absolute retirement of
gold, and a shrinkage of the volume
of money available, to the extent Of
1925, 000, 900.
This seems to me certain, and have
not seen it denied. Those who are
trying to p~recipitate such a state of
things ought to tell us what their plans
are for dealing with this situation.
would like information OF another
point: 1t is stated that the free and
unlimited coinage of silver will create
an infinite demand for silver, andthat
its price will at once become, not in
finite, but about twice what it is now.
The evidence furnished that this
prediction about the singular behavior
of silver would be verified by expert
ment is about as follows: 1t is stated
that if the Government were to ad-
vertise for 100, 1000 horses for cavalry
purposes, the price of all kinds of
horses would rise. To make this horse
illustration fit the case more nearly,
let u5 suppose that the Government
advertises to pay for these horses in
other horses, differing from those
purchased only in having their weight
and the load they could pull up a per
cent grade stamped on their sides. It
seems to me that this performance
would not affect the price of horses
very IEluCus Ii L All uiIoItthSh NbOut
this, l would like to have it explained
to me. And it will not be of any as
sistance to be told that [ don't know
anything about such matters, since /
have devoted my time largely to other
subjects. know all of that now.
What answer can be made to the
statement that horses and silver are
cheap because the supply is above the
demand? When farmers get caught
in that manner on wheat and horses,
the country is never called upon to
help them out. Why shouldn't the
silver producers take care of them
selves also? If branding their weight
and fneness on the sides of horses by
a United States Deputy Marshal would
enable them to pull a street a faster
than an electric motor a drive one,
then this free coinage of horses would,
DIS it seems to me, make a stir in the
horse market. As it is, l am wholly
unable to understand the free coinage
logic. Certainly it is not the part of
wise men to join a stampede, if we
are, possibly, headed for destruction.
We ought not to be too hasty. If the
free silver movement is a mistake, il
is a dreadful mistake.
FRANCIS E. SIPHER.
Free silver, one for n twenty-five
That is about the ratio you a buy
clothing now of McLoney.