Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-05-23
rPEg COINAGE DOCTRINE
rynl'rj IN lis Various Practical
Bearings,
,rorrnr srrlRrWssrASoroISr
49,. ,b.pid DO no AutaEonism, no
Prosperity 10 Ouc fart Of the
touutry ~ the hsprnso Of
Another.

touutry at tns hsprnso 81
Another.
MEMPHIS, May g3.-ruo following
, mp speech OF Secretary Carlisle,
..uysr4 To-Day before tho convention
a dbl. place on the "sound money"
questions
NJ, PRECEDENT ami Gentlemen OF the
Conventions
fe5Hgatulnie myself uy0n my good
arurp iu having the opportunity to
.r.saf before thlf large nFsemblago Of
-lfHpfu business mrn aud l CJugfat.
late Toe people OF the south upon thuif
ssi fortune Iu hHluE Eulu 90 HUuu here
many resi- rupre uutailvus ui thulr
.tii industrial and commercial ~
rrss.
rfe proposition 90 rsvolutiUuizu our
raltiary system and thus destroy the
.rII, VI thH government Hud tnu pu8.
Lilo nl humu and abroad, violate the
citations uf nll contracts. uuEUt.l' Hll
HsHluECauIp values, reduce tuu wages
AlIE uzUul capital ir1m our clun-
.y, Hu. seriously uuFiuut The trade n
lfrtHp.u among tNcmHu.Nss anu with
Ht people OF uthtr Cuuutfius, Do one
aHah chaIIrugrs tho Intelligence,
sf.5,4m aud commercial hInUr OF
.ry man 90 whom 90 addressed.
ST. mITuf what may br the real puT.
.fuauI motives of those who mako
aeW0uUUtIln 90 lugaliI1 the free anu
unlimited coinage Of silver ~ the ratio
ElHtUl, these arc tue consequences
involved ln tlur scheme, Ant,
4 my opinion, they Caru0t u8
avoided if no should hc adopted.
la uI part " tbs country Will
ls CluitqurrctH ~ such q policy
T9ve m0u Injurious o. tho material
.aIs'cils " the people than ia the "a.
.tys.Jpsl aul progressive South.
INTRINSIC VALUE
In international trade, whether pay.
Etus ore male la gold or silver, cuins
ttl.I.uri the actual intrinsic value
s.gim.Er7 tue amount or quantity 90
us delivered, no matter what may be-
lr legal iruIrr laws Of tho different
uug,Hus, even though they have the
nuc ralIgs NJ value between tho metals
siHlu luuf respective limits. This
Aa0' IuHrr, Tor Instance places %
.t.Hf NaUr upon silver relatively
"arH placed upon % bv tho laws OF
Doc United 6.HluT, the French ratio
u.ug Do. % I anu ours being o. tul,
lilHAirnr pounds ~ orr rilvaE
..agl Hr uurlinrIi were sent 10 that
cInlfg n tr used iu tho payment Of "a
|rNtU. lu iHH purchase ut commodities,
NEaI.l Uu, be accepted at the ratio Of
iil1 tHI ht the ratio Ot lb 10 aH
HnTarI 90 gold buJ only at about the
M.IU w a- iJ 10 tIIuugu De- iFuU pa
A'E'c' hui ihr dollar full legal ten
..H contains a,DlT grains 90 pure
'.Hrr while our dollar CONTAINS only
..!.l gfhluH " pure silver yet MeAl.
g,l silver d0ll,m are sent into the
yulltI states AND other parts OF the
Hi.l ana sold at the price ul the
.l.lln lu them, about uue-hRli
WsJ nominal or legal va,uo In
.dsIfoWn country. 10 IL tho metal that
i4H lhr vuIue uf the coin and mot tho
~ hhI iAus tho value OF the motal.
TOO usuui credit In the form OF bank
'tt'i chrch8, bills Bud other evidences
. ltt' hus Nv Increased IN modern
"Nv mat 10 all highly organized
numerical communities the use Of
.Iui except iu making change, has
g'tn almost entirely dispulrpI Win.
'ae percentage OF coin actively Gnu.
ltl iu conducting busiueps In .his
..lhIy H 40 small that it i- almost
'IllWr''uniei 40 smsll IA fact, that H.
.H.''. Do our transactions would not be
..l We hni q substitute for or "a
lAI't ivlte'en,iye VI the subsidiary
''H FINANCIAL CONDITION.
although We have the gold standard
'.i measure n value iu tuls country,
Pug actual stock pt gold bullion aud
'' amounts 90 only about Dnr.lhrI
.-' A.NA1. olTluuCy-8 condition OF
.'t' INr1ucrivaDlu a lew centuries
r'.. We have about 1925, 1000, 900,
., ',ii u full legal tender silver,
s-,..'I IIl 90 old United States notes,
'''''.'t 4'l Ia treasury notes Issued iu
-.. '''.laiu oi silver bullion, YgUg,.
..,'I 'u national bnnl n1trs, usd
s.'i''.Hi iu subsidiary silver coin:
..,,AAa.'uE iu n.l 81 sU47OI7j3, exclusive
'". minor colts, anu every dollar Of
'Ih VAST volume Ut currency b.
a.l, equal iu value 10 the standard
.9,''i nul by law. This ls the nnan-
u" condition which tho advocates Of
,'.' s.iHHgn At tho ratio OF lBtoI pro.
- " TtyaIutloni2B nj once by "a
t. n'.e Duo tue standard ~ value, ~
'. ii Would TQuITe about double the
r.,.D.l ll currency required now ~
..'''N mo same service iu tnrrA.
, r1-.' OF commodities. For "a long
.", credit which constitutes by far
c.,I 'N. important factor iu our Imam
@ huI commercial trausGrtlonZ.
f..'..' "o substantially drs,royci hy
,.,,'. con .u.i1n uuI uncertainty nprrf.
rs "II1Wing such re- gtuut and SUD.
'"'hFet % our monetary system.
'L3llLg 8rANpAuDu IEco,uRE.
lLHElnLE.
O.. ~. Do contoudcI by large number
rao wv, ". 4Vo,ales OF free colnape lhnt
I,',, ,1,c' Of their policy would estah.
..m, ""N.' hoy call Dl-melaIlism and n
.y '''' standard, confess nv inabil.
u.