Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-10-23

present Il az our mints: that II was TO In
auRurate and maintain a system of public
works, whether needed or not. sufficient
TO give constant employment to all Ia
borers who were not otherwise occupied
and that IL was TO establish postal saw
ings banks in every part Of the country
10 receive idle money on deposit and pay
interest on Il. whether It could use the
money or not. he thought it not eXtraVa-
CANT TO say that the people were threat
ened with a social and political revolution
or the gravcst charactcr-a reNoluuoh
which, II successful. would suhvert the
fundamental principles upon which the
government was founded. tax the private
industries Of the people out of existence
and convert our system into sociahstc
dcspotism. When 10 this cXtravagant ana
demorallzing scheme was added that other
revolutionary feature Of the Chicago plat
form. the substantial avowal OF pur-
pose TO make the judiciary part Of the
political machine by reconstructing the
Supreme Court in order 20 dictate IT'S
Judgments upon questions OF consutu-
tional law. a plan of operations was pro-
posed more dangerous TO our institutions
than was ever suggested by any party IN
the past.
THE MONEY SUPPLY.
In concluding his remarks Mr.. Carlisle
said:
III not artihcially obsgucted by bad
local laws or by war, or other adverse in-
huences, the supply Of good money would
always maintain its proper relation 20
the demand in every country. because
when the volume lecomes unduly dopress-
cd i'm one place the deficiency will be inn
/ mcdiatciy made good from other places
where the demand Is not so great. and
where the profits on IL are not so large.
10 is Ike the waters Of the sea-if there
are not storms TO obstruct them. they
viii maintain their level all over the
world.
"What do we see going on at this very
moment? by reason of an excessive ac-
emulation Of money at The financial
centres OF Europe. the high rates Of
interest prevailing at New York and else
whore in this country. and the condition
/ of our international trade. more than
SGtc0l.V01 i'm gold have been brought here
| during the last two months. and ii is
still coming. There are many who believe
or profess TO believe. that these i'm
/ pOrtatiOns Of gold are due 20 some arti-
! fetal cause, some arrangement. cOmbna-
| uon or agreement upon the part Of an
| imaginary money power 10 accomplish
certain political results. and that they
viii cease after the election / can as
l
nothing artificial in this movement of
! g1ld that it is the natural and necessary
result of the existing financial conditions
on the opposite side Of the Atlantic. and
/ that 10 viii cease whenever the equilibrium
/ is substantially restored. whether that
I Doe before or after the election. 1T will
/ certainly cease after the election. whether
| The equilibrium is restored or not, II the
| people OF the United States, by their
votes, inaugurate the policy of free coin
age at the ratio Of 10 10 I. and the gold.
| which favorable balances and profitable
rates OF interest have recently brought
| 10 our shores will depart from us as
| rapidly as the fastest ships can carry II
across the sea. Our Treasury reserve viii
! be Immediately exhausted, the gold held
by the people and financial institutions
Will cease to be used as money, the cir
culation will be suddenly and enormously
contracted. not only by the withdrawal
of gold but on account Of the inevitable
panic which will prevail in every part
of the country, and We shall enter at
once upon a long period OF suffering and
distress unparalleled In our history. Until
I have lost an confidence In the intelll-
gence and patriotism Of the American
reoplc. I cannot believe they viii de-
liboratcly incur the risk of Industrial and
commercial ruin merely for the purpose
Of making ilndnclal experiment Mi"cH
is opposed TO all dictates of sound reason.
and condemned by the experience Of all
mankind"
EGG-THROWING.
When Secretary Carlisle rose to speak
tonight at Odd-Fellows Hall, some one
10 a crowd Of tough characters, which
lined the rear wall OF the hal. threw
two eggs. presumably at the speaker One
of the eggs fel into 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