The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-25
THE SILVER DEBATE.
T. G. Spelling Scores President Clevo-
land and Secretary Carlisle at tho
Iroquois Club Meeting.

t. G. Spelling Scores President CIeve-
land and Secretary Carlisle at the
Iroquois Club Meeting.
T. G. Spelling criticized President Cleve-
land, Secretary Carlisle and John P. Irish
at the meeting of the Iroquois Club last
night, when the silver question was de-
bated. Mr.. Spelling was the essayist of
the evening. He said in part:
Mr. Carlisle, Cleveland's right hand, who pre-
sumably acts without his left hand knowing il,
is doing missionary work in the Democratic
ranks in favor of the single gold standard. At
Memphis he argued that the proposed change
would put this country on silver basis and
that we could not trade with commercial ma
tons doing business on gold basis unless We
used our silver at its deprecated coin value.
| He cOntradicts this proposition in The next
paragraph OF his speech as reported, for he
truthfully admits that in international trade
no coin of any nation, whether OF gold or silver
! or paper, is used. Gold is invariably used In
the form of bullion, and the balance of trade
| being invariably in our favor, it is as plain as
sunshine that gold would be every year COM
| ing to us. In order to give some color to his
| prophecy that silver will drive gold out of cir
culation he refers to the panic of 1895 and its
causes.
Now despise all shams, evasions and fraud.
ulent uses of the facts of history, however high
the authority, whether MIR. cleveland, MI.
Carlisle or the Pope at Rome He tells us that
the coinage of silver under the Sherman law
it weakened the credit of the Government.
But the actual facts add to the strength of my
position that the currents of gold are governed
by balance of trade and not by the internal
fiscal policy of any nation.
Every intelligent man knows. and Mr. Car
Isle knows, that the panic in Australia and in
the Argentine Republic and the undertaking
of Austro-Hungary to create gold reserve
raised the rates of interest in those countries
and called English money-lenders to call in
their gold investments from the United States
to be used in a better market. He also knows
that the uncertainty Of the action of our Gov
eminent on the tariff question interrupted
international commerce and gave the balance
of trade against us for the years 1892 and 1893,
which all goes to demonstrate the danger of
ruinous panics as long as our currency system
Is based on as narrow and shlftless founda-
ton as gold.
The assertion of the learned Secretary is but
an echo of the reckless and interested state
ments of the Wall-street organs and other hired
clacquers in an attempt to further degrade sill
yer, to stop its coinage and grasp additional
powers over the money of the country and the
rights and liberties of the people.
Mr.. Carlisle, Mr.. Cleveland, Professors Wells,
Atkinson, John P. Irish, Laughlin and all the
professional teachers in money matters recite
a long catalogue of doleful predictions and of
evils to accompany the restoration of silver.
These constitute their stock in trade. They
can point to nothing either in the past or in
the future that gives us any comfort under the
gold standard.