Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-05-21
CARLISLE ON MONEY.
Secretary Of The Treasury Makes q
Great Speech al COYinstOn.
RENDERED AN OVATION.
Thousands OF The KentuCkian'S Friends
Hear Him al Central Garden.
HE GIVES HIS FINANCIAL VIEWS.
Opposes Free Coinage, and Would Make
Gold the Standard Of Values.
Decentralization OF SILVER.
The Speaker Declares Tint the Act
of 1873 Did Not DO TbIs-says the
Depression Originated In the Ar
Decentralization OF SILVER.

alike.
The 5000 persons who damned them
selves into space hardly large enough
for two thirds that number were men Of all
parties, classes, and conditions. Women,
too, Notwithstanding the fact that 1t was
urged that they stay away and let the
voters hear the distinguished speaker,
were on hand In large numbers.
Many thousands could not get
beyond the gates. All were prepared
to give the Secretary the most enthus-
iastic reception he has ever received at
the hands Of those who have honored
him so often. When ne appeared at the
garden there was wild cheering and a
general din. However, this was hardly
more enthusiastic than that ovation given
him at the home OF his friend, Mr. Queen,
few months before. There the parade
OF thousands from Covington, Newport.
and the suburban villages stretching up
and down the river augmented by so
from Cincinnati with bands and horns.
passed in review before him. The Secre-
out his speech against the free coinage
of silver. His elaborate and eloquent
argument was listened to attentively. At
its conclusion the Secretary was again
cheered most heartily. He spoke as fol-
lows:
SECRETARY CARLISLE'S SPEECH.
Mr.. Chairman and Fellow Citizens Al
though absent from the state for a very
considerable time. | have never ceased TO
feel a deep interest In everything that
concerns the welfare Of its people. and es-
peciaily the welfare OF my old constituents
In this congressional district. My per-
sonal and political relations with them
have been so close and intimate In ;he
past that. Notwithstanding our long sepa-
ration, II is sometimes difficult, even now.
for me to realize that L am not still their
representative.
But my close relations to the people
here do not in the least diminish my obli-
cations to my fellow-citizens in other
parts Of the State, who have never failed
10 give me generous support I'm all my
aspirations. and # would be unbecoming
In me to withhold the expression Of ny
thanks for the confidence they have re-
posed i'm me. or refuse TO participate in the
discussion Of public questions which vital
~ affect their interests. They nave a
right to call me into their counsels and
require me 10 bear my share or RESPONSE
bility for the course OF political events
and the results OF political action when
ever. in their judgment. II Is proper TO 30
so. and, therefore, when II became mani
fest that my presence In the State during
some part Of the time devoted to the dis
cussion OF pending questions was desired
by a considerable number Of my Demo
cratic friends. / did not feel at liberty TO
remain absent
CARLISLE NOT A CANDIDATE.
If may or may not add to the force OF
nv arguments, or the weight Of my ad-
vice to assure you that l am not, and DO
not expect TO become, a candidate for any
Office in the gift OF the people, or their
representatives and that | do not appear
In the State in the interest of any candi-
date.
NV interest I'm the solution Of the ques-
tions now pending is precisely the same
ag that OF any other American S'tiZeh
who desires TO see his country prosperous
and happy, and while my views as 10 the
policv which will most certainly prodace
these results may be entirely erroneous
they are honestly entertained ana VIII DE
frankly stated.
II can make no difference TO me- per
sonally or politically. whether they are
nonuIar or unpopular. here or elsewhere
altbouob II Is always more agreeable 10
ha In accord with the prevailing puDllc
sentiment than to be In opposition 10 H.
Nv respect. however, for the intelligence
ana natriotism of the American people
constrains me 10 believe that, no matter
that their preconceiyed opinions may De
mon any question, they will not refuse
80 Give II a fun and fair investigation OF
fail TO reach just conclusion WAeh Do'''
sides have been heard. r,,
Therefore. | shall speak TO You thls
evening with full confidence that' "htt-
over may be your present OPINIONS Oh sne
subject to be discussed, you are Wits WIZ,
to re-examine the giouhuS upon 49,,
they have been formed, ana chahg- 'h'ih
- u,'t -, are found 10 be erroneous.
,r,,r, pEcTNNING OF THE DEPREs-
-''' SION.
There Las never been time since ,' ny
close of the civil war ana the setlie ,- =.
~ the questions growing out OF H. "heil
% ei'e and r~eiuGice exerted such
.n''',,.lrf,l induence I'm controlling the ac-
IN of the people upon political ana
oconornic questions as they have durlhs
the last two years. A great wave OK ue-
r,,.ssslon has swept over the whole IN
bnetyiaI commercial. and financial world
800 Injurious in its effects IN soihe
rIaces than I'm others, but entalllng sfea.
- and distress nearly everywhere. IL
did not begin twenty years ago. as some
~ our friends are I'm the habit or assert
tng hut less than Ave years ago. It's Hrse
s us effects were felt in Argentina
who're the people and the government
,'a,,,t,bstsndtng the warnings OF expert
80 In an ages. determined to try again
~ evnerfment of cheap and innateu
currency IL failed, Of course, as II al
,.avs bss and always will wherever trled'
and its failure, by reason OF the cA-
tensive comm rcial and hnancial cohhec-
lions between that country ana Ehshs"
CAPITALISTS, produced crisis Wnlch So,
>,,si,, ,nvoived many Of the great financial
institutions in Europe. ana had ue
,ressino- influence in all the money mar
kets of other countries; IoT' IN ines 'uas
Of amid communication and close COM
mercial relations, an injury 10 circuit =,
.nv mart of the globe T. Immediately feit
all around the world. Foreign holders oil
our securities. In order 10 procure means
~ ,npet their obligations al home and IN
Ar~entina- sent them here in large
amounts for redemption or sale, and. con-
seguently, the feeling OF apprehension
and uncertaity, which already existed 70
considerable extent. was intensified In al
the great centres OF trade and finance,
nm, m our own domestic AFFAIRS had been
wisely and economically conducted our
people would have soon recovered from
the erects OF this foreign disturbance
we posScssed all the essential elements
OF prosperity, except a sound and reliable
financial system, and that we might have
secured within reasonable time; or,
at least. we might have greatly improved
our condition IN this respect, N political
or marty considerations had not Influenced
our legislation. IL Is true that our reye'
nue-laws were not In a satisfactory con-
dition. but they had been in force a Iona
time. and the people had been compeheu
tu adjust their business 10 them. ana
after the election OF President Harrison
did not expect any beneficial change until
another administration should come In
cI.EyEIsAND's FIRST ADMINIsTRA-
TON.
When Mr.. Cleveland's first edministra,
ton went out OF Office. on the 9Th OF
day of March, 1859. the government had
an ample revenue for all purposes; the
free gold In the Treasury amounted 10
xtos ESQ ga. asrioulfurQ. manufactures, dnc