Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-03
The Carlisle Plan Condemned.

| To the Editor of The Evening Star:
In respect to the money question the peo-
pie of the United States have been often
| deceived ana often betrayed, and now it
seems that they are to be humbuggea. Mr..
| Carlisle's so-called financial scheme, after
having been heralded by a chorus of very
familiar trumpets has been solemnly con-
sidered by the currency committee, and it
| is now proposed to further dignity it by a
prolonged debate. Ard all this fuss and
parade is made about bill which does not
propose any, even the least change in re-
specL to the character or quantity of real
| money, but only some. alterations as to
the manner of issuing redeemable paper
currency to represent it. Is it possible
| that there is any member of Congress who
does not see and cannot appreciate this
distinction and who fails to perceive how
Trivial, relatively. to what the country de-
mands are the propositions with which this
Dill deals? The people of the United States
are MISUNDERSTANDING with a situation
IN which money constantly becomes dear
er ana property cheaper, with ruin to debt
ors and universal business Stagnation.
What they want is relief. What they are
offered is somewhat different distribution
between bankers and the treasury of
paper issues. which are not money, but
only form of credit, which must be salts
fled on demand with gold, and gold alone
So far as it has any Significance it is an
adJunct and support to a gold standard, and
there Is nothing In its reputed authorship
to repel the suspicion that such is it's real
design. Considering what is needed and
the demand which it Is advertised to meet
1t is conspicuously inconsequential Con-
Sressmen will dos well to understand that
very many intelligent people know, and the
balance are rapidly finding out that the
only money which helps hard times or pre-
serves good times is real money-standard
money-irredcemable money-money that is
measured tn no
equality with anything else. This Is a
truth SO incontroVsftible that mo financial
teacher who values his reputation will
venture to deny it. Can anybody find
line or word in the Carlisle bill which sus-
sests or looks to an increase of the volume
OF this kind of MONEY? 1t does not even
treat OF the subject The people are starry
ing for nourishng financial food and Mr.
Carllsle ana the bankers propose to satisfy
them by some rearrAngement of the empty
dishes on the table. If there is any Con-
gresham who haAs not learned that re-
deemable paper money, no matter what
It's amount or where or. by whom issued,
has no legitimate influence in Raising values
or improving prices, then he is in need of
further education on the subject. If he
fails to recognize that the people in
structed by a cruel experience, are now
getting to understand this fundamental
truth l am quite sure that he deceives
himself. The time for subterfuges is past
1t WearieS our patience in the midst of the
universal distress to see Congress tediously
debating, not measure of relief but what
particular form of distress will be most
agreeable to the bankers and money manip-
ulators. What the people demand is an in
crease of standard money-a restoration by
Congress of that which Congress took
away. Nothing else nan this is, as a
measure of relief, worth J Of serious consid-
Grafton. You cannot cure a cancer with q
court plaster. You cannot stop a hole by
changing its form from round to square
You cannot raise by a penny the price of
pound of cotton or a bushel of wheat, or
OF anything else that Is sold, by the issue
in any quantity or in any manner. by a
state or by the nation, of paper promises
to pay In gold. G. j. uILLYER.