Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1896-04-16
CARLISLE TO CHICAGO people.
0pea1D for Sound Monsy - . Mig Crow
ut the Auditorium.

epsals for Sound lGs.sy - . Bie Crowd
ut tho Auditorium.
CHICAGO, April 16-Hon. John G. Car.
isle spoke on the currency question at the
Auditorium last night before an audience
that filed the great hall to the utmost.
The address was delivered under the au-
spices of the laboring men Of Chicago, and
they wore there In full force, nearly three
quarten Of the crowd being working men.
Many local Democrats were anxious to
obtain an interview with Carlislc on the
political situation in kentucky, but he
firmly declined to talk politics in any way.
He said that he had como to Chicago 70
mako an address on the currency ques-
ton, and that nothing could induce him
to talk politics. His address was greeted
with much applause and gave great salts.
faction to his hearers
After discussing the question on tho
basis Of the principles of finance the sec
rotary took up the matter Of the effect OF
free coinage on savings banks. He said:
According to the latest reports the saw
ings banks in your own state hold $2i,
:57 4U0 on deposit for So SOC people, or an
average of S,57 for each dcpositor, and in
the whole country they hold $3.50 So. QUO
pcOpICsOk uh O1oEc "a SosA xOI
each depositor. State banks, trust COM
panies and private banks hold q, $40, $751;
OOO for about ], 500 300 people, and national
banks hold 81, 7O1, 653, 53l for Los. $40 de-
positors, of whom l. 724, 900 have less than
$1,000 to their credit. Besides these in.
situations there are 600 building and
loan associations In the United States,
having about ], 500, 900 shareholders, male
and female, who have paid dues in good
money, amounting to more than $780,
600 QUO. There are nearly 700 OF these as
sociations in the state OF Illinois alone.
''More than z, 500, 0O0 Of our people have
taken out life insurance policies. which
are now in force, amounting to SA,2a2.-
So, ga and have paid the premiums on
them year after year in good money. while
the mutual benefit and assessment and
cooperative and fraternal companies and
associations have 3, $1,000 members, who
havo contributed a largo part of their
earnings to the funds held to reimburse
losses sustained by sickness or death The
obligations of these companies and asso-
Citations to their members amount to S.
1S4, $40, 93i; and the industrial companies
in the United States have membership
of 9. 80 sos, with insurance amounting to
ssl6, $50, 67S in addition to all the forego-
ing, and 1t Is constantly increasing.
'"The banks, trust companies building
associations, and other similar instltu-
lions, owe the people Of tho United States
today IS, h53, 13S. s2l for money actually de-
posted, sum nearly eight times greater
than the total capital Of all the national
banks in the country; while the life insur-
ance policies held by the people in the
various kinds Of corporations and associ-
ations and in force today amount to $40,
203. S04 357, larger sum than has been
actually invested in oil our railroads, and
about fifteen times larger than the capt.
tai Of all the national banks.
TN view of these facts, which cannot be
successfully disputed, I submit that you
ought seriously to consider all the con-
sequences to yourselves and your fellow
citizons before you agree to the free and
unlimited coinage of legal tender silver at
q ratio of 16 to l. in order that these great
corporations and associations may have
the privilege Of discharging their debss to
the people by paying 81 or 81 cents ON tho
dollar, for that is exactly what it means. -
At the conclusion of the secretary's re-
marks j. c. Roberts, who was in the
audience, rose from his seat and began to
talk. There were loud Kisses and cries
''Sit down." but Roberts kept on. Finally
several policemen started down the aisle
and Roberts subsidized. There was much
excitement in the hall for few minutes.