The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1896-10-08
ABSOLUTE GOLD STANDARD.
A Powerful Criticism of Secretary
Carlisle's Letter.

for US in this campaign as we are able
to d . for ourselves. Of all the public
documents, recently issued, the most
important one is the letter just given
TO the public written by the secretary
o. the treasury from which | desire TO
quote one sentences: III is the duty
Of the secretary Of the treasury and OF
all o,her public officials to execute in
gooi faith the policy declared by
congress- and mark these words 'and
whenever he shall be satisfied that the
silver dollar cannot be kept equal in the
purchasing power with the gold dollar
excep, by receiving it II exchange for
the gold when such exchange is de-
handed it will be his duty to adopt
that course. | want you TO mark
these words, because in those words
the secretary Of the treasury says that
whenever he is satisfied that it Is
necessary that he will commence re-
deeming silver dollars in gold. call
your attention to it because want to
emphasize the receptions which have
been practiced by the administration
on the money question. When this
administration advised the repeal Of
the Sherman law, you were told the
| repeal OF that law would remove the
difficulty, and yet as soon as the Sher-
man law was repealed the same aus
thority which promised relief as soon
as that was repealed came to congress
with the demand that the greenback
and treasury notes mus, be retired by
an issue of gold bonds IN order to stop
the drain on the treasury's gold. The
secretary Of the treasury informs you
that if the greenbacks and treasury
notes were all retired SO that there
would rot be dollar Of paper mon
ely to be presented for gold yet it
would be his duty 10 commence to re-
deem the silver dollars in gold and to
start another endless chain that would
drain the treasury. According to the
doctrine laid down by Mr.. Carlisle,
you cannot stop the drain upon the
treasury until you retire all the silver
dollars and leave nothing but gold in
the treasury vaults. | am glad that
our opponents are thus compelled to
expose 10 the public eye their heart
less, mercilcss and crimxal policy. l
an glad that they have told the public
We must have gold alone and thus
have confessed that we are in the
hands Of two barking s>ndica,es aHd
must pay them what they want. Talk
about monopolies and trusts and here
they propose to establish the most gi
gantic trust-a money trust and to let
the men who own the gold dole it out
to the other 100000 of American
| citizens.
81 denounce that policy as more
cruel and heartless than would be the
domination of any foreign power.
would Father, as has been said, put
cur army in tn hands Of foreign
general, or our navy in command of
a foreign admiral than to put the
treasury department in the hands Of
a secretary who would barter it away
10 syndicate. | would resist such
financial policy with as much earnest
ness as would the progress of an in
vading army.
"Once when Mr.. Lincoln, was a
candidate for office, some one said to
him: 4 hope the Lord is on your
side, and he replied that he was more
anxious to be on the Lords side.
am glad that in this campaign we have
SO many evidences that an over ruling
Providence SO distinctly and clearly
manifested as in the recent letter OF
the secretary of the treasury. Let me
ask you question. Did the admins
tratlon when it recommended the re-
peal of the Sherman law believe it
would cure our troubles? If it did
then the administration was so abso-
lutely mistaken that you have the
right to disregard and distruet the
knowledge of the administration on
this question. If the administration
knew that the repeal Of the Sherman
law would not bring relief then you
have the right to distruit the honesty
OF the administration which would thus
recommend one policy and pursue an
other.
elf the administration knew when
it recommended the retirement of the
greenbacks and treasury notes as a
means of stopping the drain of the
the treasury, gold that after they were
retired policy would be proposed
slch as the secretary now recommends,
1t was dishonest in not taking the
people into its confidence at the time.
If II did not know that then let i, con
tess its ignorance of finances, and OF
the laws OF the country. Does the ad
mlnlstratlon know now that when it
starts to redeem the silver dollars in
gold 1t will start another endless chain
which will drain the treasury-an end
less chain which will continue until
they retire all the silver dollars and
substitute bonds in their place? Now,
don't think my language is harsh
These men are the public servants of
the American people, and they have
no more right to betray the people
into the hands Of the Shylocks fLnn-
don than Benedict A'n)ld had to al
te pit to bc,ray the American ar,ny."
-B'ran's IpasAiagt0n Speech
Upper There goes Downcr. Y,u
know him, of course?
Unprecedented 10.
Lipper-Then you will agree with
me.
Clipper-No account, eh! Why that
man has such big account at my
store that it worries me day and night