Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1896-05-02
ASSERTS THAT CARLISLE GAVE IN
CORRECT FIGURES.
Instead of over 5000, 100000 In the
United States There Is Only
SI3O,OOO, 900.

Springfield, HI, ApIlI Go'-IOFOAh"A ="
p. Altgeld in an open letter has MAD
a reply to the speech of Secretary Carlisle
recently delivered in Chicago. He quotes
from Carlisle's speech on currency II
1873 In congress, as to the disastrous re
suits following the decentralization of sill
yer. He says in part:
THE language used by Carlisle ther
was clear and emphatic. and has none O.
the sophistry and pettifogging about i
that are found in his Chicago speech. His
awful predictions made in 1873 came Il
pass. He not only saw his owl
prophesy fulfilled, but he saw the misery
OF his country become even greater thar
ne had predicted. Finding that his views
had been correct, he continued to holc
them until he entered Clevelands cabi
net, when in some mysterious manner
there was change of heart but fol
some reason he seems unwilling to talh
about it, There are two other members
OF the cabinet, Hoke Smith Of Georgia
and Herbert Of Alabama who. like Car.
isle. had made their voices heard for
nearly a life time in demanding the res
toration of silver and in denouncing the
great conspiracy that struck it down, and
strange to say, when these two men en-
tered Cleveland's cabinet they underwent
a change of heart, and. like, Carlisle, they
avoided talking about 1t. All of these
men now denounce those people who are
opposed to the single gold standard as
being scoundrels and lunatics. Yet they
are only following the doctrines which
Carlisle and company preached. Are We
then, to infer that Carlisle and his tive
cabinet associates were scoundrelS and
iuratics until they got to be old men
and that when the tinsel of cabinai
position not only made them honest but
gave them brains? If not, then how are
wo to know which end of their career was
honest. intelligent and patriotic? For. il
the absence of any explanations, some
Or us might think they were honest and
patriotic when in the vigor Of their man
hood they were standing by a wronged
people, and that 1t is the latter end OF
their career that is destitute of honesty
intelligence or patriotism. Carlisle should
have told US.
Carlisle should have explained why il
was that for 200 years gold and silver held
the market ratio of about 151A to l. If only
one OF the metals can be a standard and
measure of the value of things and If
a combined standard of both gold and
silver is as impossible as it is to make
two yard sticks of different lengths, why
was 1t that some of the greatest tinan-
ciers of the world, and particularly Bacon
Rothschild, stated in 1869 that it was tie
sum of two metals taken together which
formed the measure of the value Of
things?
Carlisle should have explained why
it was that in every country silver was
stricken down. 1t was done by the arbi-
trary act of government, and neither com
merce nor business had anything to dc
with il.
As there can not be a general rise in
prices without an increase in the volume
of money, must not the present paralysis
and stagnatiOn continue in the World
until the volume OF money is again re-
stored to what it was before silver was
stricken down?
GOLD OF THE COUNTRY.
There are in the United States over
5000 banks. The comptroller Of the cur.
rency. one of Carlisle's assistants, re.
ceived reports from these banks, showing
the total amount of money of every kinC
that each bank had on July II. 1895. From
this report it appears that there were
in round numbers only 1927, 000, 900 of gold II
all Of the banks of the United States
This was all OF the available gold in this
country. There were about 800, 900, 900 il
the treasury at that time, but this is no
available. Carlisle did not refer to these
figures, which are known to be accurate
But instead he cited the figures given ou
by the director of the mint, also one o.
his assistants, in which he claimed there
are about $500, 900 of gold in this coun
try. Carlisle must know that these fig
ures are incorrect, and that the table.
given out by the director OF the mint arr
worthless. because it appears from his re
port for 1892 that he assumes that ever,
dollar pvt in circuIntIon sinna 1870 In ~.