The times. [volume] (Richmond, Va.) 1890-1903, 1896-10-23

Government had the constitutional au-
thority to interfere with private contracts
between individual citizens of the same
state?
In view Of the fact that il was also
proposed to have the Government pur-
chase and operate all the railroad ana
telegraph lines and issue paper TO pay
for them that II was TO coin at the
public expense all the silver i'm the world.
IL the owners of the bullion saw proper TO
present IL AT our mints that II was TO
inaugurate and maintain a system OF pub
lie works. whether needed or not, sufii-
Client TO give constant employment TO all
laborers who We're not otherwise occu-
pied. and that it was to establish postal
savings hanks In every part of the coun-
try to receive idle money on deposit and
pay interest on IT, whether 1t could use
the money or not. he thought IL not eN-
travagant To say that the people were
threatened with a social and political rev.
oiution OF the gravest character. revo-
luton. which if successful would subyert
the Fundamental principles upon which
the Government was founded. tax the
private industries OF the people out or
existence and convert our system into a
socialistic despotism. when 10 this ex-
travagant and demOralizing scheme was
added that other revolutionary feature
OF the Chicago platform. the substantial
avowal OF a purpose 10 make the judiciary
a part Of the political machine by recon-
structing the Supreme Court i'm order TO
dictate its judgments upon questions Of
constitutional law. plan OF operations
was proposed more dangerous 10 our
Institutions than was ever suggested by
any party in the past"
SUPPLY OF GOOD MONEY.
In concluding his remarks, MIR. Carlisle
said:
III not artidcllly constru ,ted by bad
local laws or by war or ether adverse in
iiuenoes, the supply of good money would
always maintain its proper relation to
the demand m every country, because.
when the volume becomes unduly de-
pressed IN one place, the deficiency will
bc Immediately made good from other
places whore the demand is not - great.
and where the profits or IL are not so
large. 10 is like the waters of the sea ;
thcv viii maintain their level all over the
world.
What do we see going on at this very
moment?
BY reason OF excessive accumu alton
OF money at the hnar cial centers of Eu-
rope the high rates Of inte est prevailing
at New York and elseW here i'm this coun-
try and the condition of our international
trade. more than $50. O00c eco i'm gold. have
been brought here during the last two
months. and is sti1 coming. There are
many who believe. or profess to be-
heve. that these importations of gold are
due TO some artificial cause, some ar
rangement. combination or agreement
upon the part of an imaginary money
power to accomplish certain political re
suits. and that they will cease after the
election.
Il can assure cur suspicious friends
that there is nothing artificial IN this
movement of gold. that 1t is the natural
and necessary result OF the existing fnan-
cial conditions on the opposite side of
the Atlantic. and that it will cease when
ever the equilibrium is substantially re
stored. whether that be before or after
the election.
EFFECT OF FREE COINAGE.
at will certainly cease after the cleo
ton. whether the equilibrium is restored
or not. II the people of the United States
by their votes inaugurate the policy OF
ltfe coinage AL ine stauo OF 10 10 ]. ana
the gold which favorable balances and
profitable rates of interest have re-
Gently brought 10 our shores will depart
from MS as rapidly as the fastest ships
can carry il across the sea- our Treas
ury reserve Will be Immediately exhaust
ed the gold held by the people and
financial institutions will cease 10 be
used as money the circulation will be
suddenly and enormously contracted
not only by the withdrawal OF gold but
on account Of the inevitable panic which
will prevail loo every part OF the country
and We shall enter nc once upon a long
period of suffering and distress unparal-
leled in our history. Until / have lost
all confidence I'm the intelligence and
patriotism of the American people 1
cannot believe they will deliberately in
eur the risk of industrial and CONNER
cial ruin merely for ihe purpose OF
making financial experiment which IS
opposed 90 all dictates of sound reason
and condemned hY the experience OF
When Secretary Carlisle rose 10 speak
tonight at Odd-Feiiows' Hall some one
in the crowd OF tough characters, which
lircd the rear wall of she hail, threw
two eggs. presumably 40 the speaker.
one of the eggs fell i'm the lap OF lady
IN the audience while neither reached
the stage. The incident was known to
only few persons. and no attempt was
made to locate the miscreant