Omaha daily bee., 1895-05-26

Hall Not Large Enough to Accommodate
Those Who Cnme to near Aarlisle.

Hall Not Large Enough to Accommodate
30 Those Who Came to Hear Carlisle.
BOWLING GREEN, Ky, May 25-Hon. j.
G. Carlisle, secretary of the treasury, spoke
here today in the opera house on the cur
rency question. The seating capacity of the
house is only about 1000 and it was found
necessary to exclude women and children,
voters only being admitted. When Mr. Car
Isle was shown to the stage he was greeted
with loud applause. After a brief statement
that he was there as democrat to discuss
public questions and not in any way to apollo
gize for the administration, which he knew
needed no apology, Mr.. Carlisle commenced
as follows:
THE question is whether we shall con-
tinue to preserve our present monetary sys-
tenn under which all the dollars in use with
the people, whether gold, silver or paper, are
equal in purchasing power in our markets.
The proposition of your fellow citizens in
favor of the free and unlimited coinage of
legal tender silver Is that the United States
alone, without the assistance and cooperation
Of any other government, shall legalize the
coinage of 4121a grains of standard silver into
dollars and by law compel the people of the
United States, but nobody else, to receive
these dollars in payment of debts of all
kinds, when as matter Of fact the silver
contained in such coin is worth only about
so cents' But the claim by the free coinage
men that free coinage at 16 to l would ap-
preciate silver and bring 1t to a parity with
gold destroys the argument that it would
furnish the people with cheap currency with
which to pay debts.
mo country can establish the free coinage
Of both metals, giving to each full legal
tender quality and both circulate at the same
time. England tried 1t 500 years with strict
laws against the expectation of coin. She lost
all her gold and was driven in 1906 to the
single standard Wherever in the currency
OF country metal is overrated in COM
parson with another metal the under
valued metal is driven out of the country
There are five propositions which absolutely
cannot be avoided:
81. There is not free coinage country
In the world today that is not ON silver
basis.
"2. There is not gold standard country in
the world today that does not use silver
for money along with gold.
''S. There is not silver standard country
In the world that uses any gold as money
along with silver.
"a There is not a silver standard country
in the world today that has more than one
third of the circulation per capita of the
| United States.
''5 There is not a silver standard country
in the world where the laboring man re-
ceives fair pay for his days work.
'If the United States could cola all the sill
yer in the world available for coinage, the 371A
grains Of pure silver contained in our dol
| lar would not be worth in this cour-
| Try as much as the silver dollar, but the
| silver dollar itself would be deprecated. The
Mexican dollar with 377.17 grains of silver,
| six grains more than the American dollar,
! is worth only about so cents of our money.
| That would be exactly the effect on our sill
| yer dollar II We coined for private account
| free all the silver brought. II we can by
making the ratio 16 to l make a silver dol
lar pass as 100 cents when it is only worth
| so cents, why could 1t not be done with a
ratio Of 10 to 1? Before free coinage OF sill
yer can be brought about another congress
and another president favorable to it would
| have TO be elected. This would certainly take
three years, and before that time every
| creditor in the country, seeing the coming
| OF cheap money, would call on his debtors
to liqudate before the cheap money was in
effect, would bring upon the country par ic
compared with which all former panics were
as nothing. In 1906, when the Spanish dollar
! and the French crown were made legal tender
and were slightly under weight, 1t drove all
| the full weight American silver dollars out
Of the country so that Mr.. Jefferson stepped
| the coinage Of the silver dollar. The sub
sidiary dollar was also driven out because
Of full fractional weight, and the coins were
slightly reduced in weight in order to hold
| them in circulation"