The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-04-16
Mr.. CARLISLE ON CURRENCY
Arguments in Favor OF a Gold
Standard.
THEORIES OF THE STEAMER
Eimctallism Cannot Ec Successful
without tho Aid OF Foreign COun.
tries Gold Spectators Would
Profit by Bimcialiislr.

G'n "CS lIIien WITH pcopls toNlssnl Wi'
came to hear the address of Secretary
Carlisle on currency Gnd finance. Sew
cral hundred people stood through the
entire address and several hundred
moro went away. hoing ucab.e to gain
admittance. The secretary received 4
hearty welcome ans; was loudly chcer-d
upon entering the hail.
The stage was occupied b. about eco
officers Of Chicogo's vrGGe end labor
assemblies, ut whose Invitation MIR
Carlisle camc to Chicago. ii, J. Car
roll. 2Gitor thu Eigh. Hour H"rliG. irc-
silod MIR, Carroll said that it was
tho dofii" Of tho iahorirg rcorlr VI
Chicago 70 hear sorc plain Intelligent
truths regarding tho currency question
ana thGt tho secretary OF the treasury
hai Nccn selected a. the most IL rcr-
son for giving tho Information wantcd
He tfor introduced Mr.. Carlisle. who
after expressing his pleasure at mcct-
in% such {. largo csscmhiagc or Chicago
people, spoke as follows:
Mt. CAELIsLES SPEECH.
Whether the genera. business OF tic
people snail be transacted with good
money or bad money, whether the wages
Of labor shall be paid ina sound and stable
currency, with full purchasing power IL
ioi the nec.ssarics of life. or in u depri
Gated and iiuctuat.ng currency. having
prices of commodities. are questions which
affect the comfort and happiness of every
home ard The peace and prosperity of ev-
cry community. While aIl are deeply in
tercstcd In the settlement of theSt qu"S-
tons. 1t is unfortunately the case that III.
will no, bc equally affected by an errone.
Gus decision upon them. Tho wealthy
man, the man who has accumulated prop
trty or boarded money. Is always exempt
from maay of the most serious consc-
quenctS OF 4 financial or Industrial dis
tuIbanco. HC has both means and credit,
and Will" he may be subjected to much
loss and inconvenience. neither he nor his
family will bc pinched 10y hunger. or com
PEELED 70 50 without ra.m"nl or shelter.
Il Is the poor man, the mar Of modra Q
means. the man who has not been FORUM
ate enough 10 accumulate property or
money, but who depends upon his wages
o. upon the products of his own lahor for
the means OF supporting himself and his
family. that always feels the first au1
mos dis. t.Strous effect. Ot Il business or in
dustrial depression, no matter whether it
results from deprecated and Iuctuatin,
curicncy ur from other causes. Such Il
man has nothing 20 dispose Of bu; his Ia
Dor. AM nothing with which TO suprot.
himself or his family but mis- wages OF til,
proceeds of his own labor, and any policy
that even temporarily suspCnds or OBJ
structs tno Industrial progress OF the couu-
try. by diminishing the demand for the
products Of labor or by imp.iIing the en-
pacity or disposition OF capital to employ
labor. must be injurious TO his interests
and in.iict moro or less suffering upon all
who are dependent upon him. Labor Ian
not be hoarded the Idle day IL gone for
ever: lost wages are never reimbursed
and therefore steady emp .oyment ami
good pay in good money are essential 10
the comfort and happine - Of the .Amerl-
can labo!:r and his wife and cAidrcn. and
he will be unflitaful TO himself and 20
them If hc DOES no; insist upon the aGop-
ton and maintenance OF such Il policy as
will most certainly preserve the value and
stability "f al our currency and promote
| the Regular AID profitable conduct of ali
our industrial enterprises. Hc cannot
prosper when tho country is in distress.
| whcr lis industries are Frustrated. its
| commerce pGialyzed. It's credit broken
down. or its social order disturbed; not
| can he proper when the fluctuations of
the currency arc sucn that he cannot Ger
| tainly know the value of the dollar in
| which his wages arc paid, or estimate n
| advance tEc cost Of the n"cessarics Of ntc.
| QUESTIONS Of THE HOUR.
| Whether We shall or shall no. have q
| long period Of financial. commercial ard
| in iustiiGl disturbance In this country. and
| whether labor shalt be deprived of peITa
| nent employment or he partially en-
| plCycd and inadcluatrly paid. are ques-
I =
| the demand row seriously made by many
| of cur fellow-ctiZcns that the CnitcG
| States. without the cooperation of any
| otner government in the world. and in
| Uppusi,!on to the established policy OF CIV.
| cry other great civilized ana coinmcrcia
nation, shall authorize the free ana un
| limited coinage Of full legal tender silver
| n: the ratio Of lC to l. Notwithstanding
| tho true market ratio betwecr.-the tw,
| metals j. about ), to |: or. in ohcr words
1 N,f l,. lInnn
by law that sixteen ounces Of silver ar,
| equal In valUe 10 on" ounce Of sold whci
| /; !s an iniisputablc fact everywhere rec
cgniscd hat in all the markets of ii.
| world. III silver standard count"ie; az vel
| as In gold standard countries. six.ec.
| ounces o. SILVER are worth only about one
| half as much as ore ounce of gold and vii
| purchase Only about onr-half Is much o
the neccs-arie; of life. Tho naked proro
| gtion il that the United States shall coin
az the pub!ic expense, S,ih srlinS Of pur,
/ silver. OF I12Ts gfans OF standard silver
worth intIinsicaily about 5l or 52 cents. dc
liver tho coins TO the tcHoators Of TIL
bullion, and compel all the other pcopl,
in the country to rcccive these coins a
valuation OF loo cents each in paymen
cr debts. except only in cases where tn
prudent capitalist has taken the prccau
ton in advance 10 contract for raymcn
in gold or its equivalent. To say nothin.
of the gross partinlity and manifest in
justice of such Il policy, its immediate Of
feet would be 20 Contract cur currency L
the extent OF about $G2O 900 by stoppin
the use Of gold as money and putting
premium upon the coins OF that meta
equal. or about equal, TO tho diirerenc
between the intrinsic value o. the gol
| dollar and tho intrinsic value Of the alive
dollar.
COIN worLD FLuCTUATE,
Cold coins would AZ once become a corr
| modify and would be bought and solu b
!, spectators in the market Just as the
were during tho war when wc had 4 derrG
ciatcd paper currency. The value of tn
silved dollar would iiuctuatc from day I
day. moving Up and down with the ris
and fall Of the commercial price of n
bullion contained In 1t. as the Mexica
dollar does now. and tho premium on N
gold dollar would of course iluctuatc I
the same extent. thus atfordins an oppol
tunity to bullion brokers and speculate,
to buy and sell it at n profit. Ii woul
cease TO be usedhs money, because no ma
would pay his debt in gold dollars, or
l,.. --tt