The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1896-05-02

now TIE LEADERS R0s THE PEOPLE
/ This Crest Country Asking . Fsw Sps.
ea,aters to Help 1t h
U Along.

recently delivered at the lAud!tO1luu. OoF.
3Altgeld's letter is as follows:
IA teacher should be willing to answer
questions. At the close Of MIR. CarEsle's
speech number of gentlemen arose and
asked for further information, but ne
turned his back and stepped off the stage,
ard, by direction OF his managers, the ques--
TONERS were hustled out by policemen. He
could have made himself very interesting
on a number Of points wh!ch he pers!stent1y
ignored. In 1878, when discussing the
money question in congress, he expressed
his convictions in the following language: !.
II shall not eater into an examination OF
the causes which have combined to depre-
ciate the relative value Of silver and to
appreciate the value of gold since 1873, but
am oae of those who believe that they are
transient and temporary in their nature and
thatsWhen they have passed away or have
been removed by the separate or united
action of the nations mostly deeply inter
ested IN the subject the old ratio OF actual
and relative vaiue will be re-established on
ffner foundation than ever. lknew that
the worlds stock Of precious metals is none
too large and I see no reason to aPprehend
that it will ever become so. Mankind Will
be fotsAAate indeed, ii the annua! produc-
stioa Of gold and silver coin shall keep pace
With the annual increase of population,
commerce and industry. According to my
view of the subject the conspiracy which
seems to have been formed hsre and In
Europe to destroy by legislation and other
wise from taree-seyentas to ore-nah the
metallic money of the world Is the most
gigantic crime Of this or any other age. The.
eonsummation of sucn scheme would ulti-
,mately entail more misery upon the human
race than all the wars, pesti.ence and fam
inc that ever occurred in the history of the
world. The absolute and instantaneous de-
struction of half the movable property CT
the world, including horses, ships railroads
and all other appliances for carrying On
commerce, while it would be felt more sen
s:b!y at the moment, could not produce any,
thing Ike the prolonged distress and d.sor-
ganization Of society that must inevitably
result from the permanent annih:lat.on OF
one half Of the metallic money OF the world.
ss& IT'S John G.. Carlisle.
,.'Feb. 81, 1873" !.
a It will be seen that this language is clear
and emphatic and has none of the sophsstry
and pettifogging about It that are found in
his Chicago speech. HIS awful predictions
made in 1873 came to pass. He not only
saw his own prophecy fulfilled, but he saw
greater than he had predicted. Finding
that his views had been correct he continued
to hold to them until he entered Mr.. Cleve-
lands cabinet, when in some mysterious
manner there was a change o. heart, but
for some reason he seems unwilling to talk
about it. There are two other members of
the cabinet, Hoke Smith, rof Georgia, and
Herbert, of Alabama, who, like Carlisle,
had made their voices heard for nearly &
lifetime in denounci1g the great conspiracy
that struck it down; and strange to say,
when these two men entered Cleveland's
cabinet they underwent change of heart,
and, Ike Carlisle, avoid talking about t.
When Saul OF Tarsus saw a great light and
changed his views, he was anxious tc tell
al! the world about 1t; but these three
statesmen seem to be ashamed to discuss
the manner Of their conversion. Why did
not Carlisle throw little light or these
things?
Second, all of these men now denounce
those people who are opposed to the single
gold standard as being scoundreis and luna
tics. Yet they are only following the doc
trines which Carlisle and company preach
ed Are we, then, to infer that Carlisle
and his two cabinet associates were scoun-
drels and Inmates until they got to be old
men, and that when the tinsel OF the cabinet
position not only made them honest but
gave them brains? If not, then how are
we to know which end OF their career was
honest, Intelligent and patriotic? For E n
the absence of any explanation some OF US
might think that they were honest and pat
riotic when in the v:gor of their manhood
they were standing by wronged people
and that it is the latter end Of their career
that IS destitute of honesty, intelligence or
patriotism. Carlisle should have told US.
q Third-Mr. Carlisle should have explain
ell why it was that for 200 years gold and
silver held the market ratio of about 1917
to I. The ratio fixed by law was Is to / in
some countries, 1919 to in most countries,
and for while 16 to IN our own country.
In other words, the market ratio, as saown
by the tables, remained p:aas ca.ly the same
as the statutory ratio during al that time.
If the two metals cannot stand together,
how does it happen that they do so without
serious fiuctuat.on for 200 years notwith-
standing the fact that the annual produc-
tioneof each metal varied greatly from time
to time?
y Fourth-If only one OF the metals can be-
q standard and measure of the value OF
things, and if combined standard Of both
god and silver is as impossible as it is to
have two yard sticks of different lengths,
Why was it that some OF the creates: finan-
Gers of the world, and particularly Baron
Rothschild, stated in 1869 that It was the
sum Of the two metals taken together which
formed the measure Of the value o. things?
No matter which metal might for a time
nevertheless, the sum Of the
two taken together was tie measure of the
value of all property. II the same coun-
tries had stricken down gold by law and
destroyed 1t for monetary uses and made
silver the sole standard, would not silver
have gone up and the purchasing power of
gold gone down?
Ftfth-Mr. Carlisle should have ex-
planned why it was that every country
where silver was stricken down, it was
done by the arbitrary act Of the govern
n1ent, and that Sneither commerce nor
business had anything to do with it.
Sixth-It is a fundamental law, recog-
liized by all gcld-standard financiers, ex-
cent recent converts, that when the vol
nme Of money in the world Is reduced, the
ceiling price Of all property and COM
r1otities GOES down correspondent Sly;
therefore, wiping out by law Of nearly
half the money in the world had to reduce
The selling price. OF commodit ties proper.
kto1ately. And inasmuch as the debts.
we're not reduced, as Interest was not re-
1uced and as taxes were not reduced,
loesanot Mr.! Carlisle thin kyaven row just !.
IN hes did I'm lS7 s. hat q; great crime was
SS.x 1SNa