The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1896-05-02
OUR GOLD HAS FLOWN
ASSERTS THAT CARLISLE GAVE IN
CORRECT FIGURES.
Instead OF over $500. OOO. 900 in the
United states There Is Only
SI3O,OOO,OOO.

q reply to the speech of Secretary Carlisle,
recently delivered in Chicago. He quotes
from Carlisle's speech on currency IN |
1873 in congress, as to the disastrous re-
suits following the decentralization of sill |
YER. He says in part:
THE language used by Carlisle then |
was clear and emphatic, and has none Of |
the sophistry and pettifogging about it
that are found in his Chicago speech. His |
awful predictions made in 1915 came to
pass. He not only saw his own
prophesy fulfilled, but he saw the misery
OF his country become even greater than
he had predicted. Finding that his views
had been correct, he continued to hold
them until he entered Cleveland's cabi-
net, when in some mysterious manner
there was change Of heart. but for
some reason he seems unwilling to talk
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 denouncng 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 it, 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 two
cabinet associates were scoundrels and
luratics until they got to be old men,
and that when the tinsel CT a cabinet
- E...s
gave them brains? If not, then how are
VIC to know which end Of their career was
honest, intelligent and patriotic? For in
the absence of any explanations. some
oi 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 it 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 it
was that for 200 years gold and silver held
the market ratio of about 1914 to /. If only
one of the metals can be a standard and
a 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 it that some Of the greatest dnan-
ciers of the world and particularly Baron
Rothschild. stated in 1869 that it the
sum of two metals taken together which
formed the measure of the value Of
things?
Carlisle should nave 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 do
with it.
LAS 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 kline
that each bank had on July Ii. 1885. From
this report it appears that there wer,
in round numbers only $127, 600 900 of gold II
all of the banks Of the United States
This was all of the available gold in this
country. There We're about 500 900 il
the treasury al that time. but this is no
available. Carlisle did not refer to thes
? figures, which are known to be accurate
But instead he cited the figures given on
: by the director of the mint, also one o
his assistants. in which he claimed Their
are about $3.50 100000 Of gold in this coun
, try Carlisle must know that these fig
P ures are incorrect. and that the table
+ given out by the director of the mint ar
worthless, because it appears from his re
t port for 1892 that he assumes that ever
dollar put in circulation since 1872 in thi
country is still in circulation, excep
where d record was made of its eXporta
ton and that he has made no allow
ance for the money that wa
carried over the northern boundar
and our southern boundary for p years
10 nor for the money carried back by Oh
p nese during that time. nor for gold col
e used in the arts and not reported duria
s that time, nor for an that was lost. nc
$ for all that was carried across the coca
: in the pockets of our people during a
4 those years. Yet the director says in h
s reports of 1891 that during the Paris e.
e position the total spent by our peoD
A abroad in one year was over S90O0O,0 90
s Why does Mr.. Carlisle use figures thu
- he knows are incorrect and are nantes
u ly given out only for the purpose of mi
leading the American people on the que
< ton as to the amount of money they HAY
in circulation?
n "A year ago Cleveland sent for a form
law partner and close friend and throua
l. him Cleveland and Carlisle made a seer
N contract with another friend, who was
:, former client of Cleveland's, by which III
> friend and his associate spectators we
~ enabled to make nine or ten millions o