San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1896-04-25
when there is large demand for
the article he creates, does it not
surely follow that until there is a
rise in price, so that the debtor

the article he creates, does it not
surely follow that until there is a
rise in price, so that the debtor
class and producing class can again
do large miscellaneous buying,
there is no hope for the laborer ?
"Ninth. As there cannot be a gen.
eral rise in prices without an in
crease in money, must not the
present paralysis and stagnation
continue in the world until the
volume of money is again restored
to what it was before silver was
stric ken down"
"Tenth. There are in the United
States over 5000 banks including
national, state and private. The
comptroller of the currency, one of
Mr.. Carlisle's assistants, received
reports from these banks showing
the total amount Of money of every
kind that each bank had on July
ii, 1895. From this report it ap-
pears that there were in round
numbers only $l27,000,000 of
SOlu III Oil luS Uduhs VI Tue
United States. This was all of the
available gold in this country.
Theree wer about $l00O00,000 in the
treasury at that time, but this is
not available. Mr.. Carlisle did
not refer to these figures which
are known to be accurate, but in
stead he cited the figures given
out by the director of the mint,
also one of his assistants, in which
1t was claimed that there are about
100000 of gold in this country.
Mr.. Carlisle must know that these
figures are incorrect, and that the
tables given out by the director of
the mint on this point are worthless
because it appears from his report
from 1892 that he assumes
that every dollar put in circulation
since 1872 in this country is still
in circulation, except where a rec
ord was made Of its expectation,
and that he has made no allow.
ance for the money that was car
ried over the northern boundary
and our southern boundary for "a
years, nor OF the money carried
back by Chinese during that time,
nor for gold coin used in the arts
and not reported during the time,
nor for all that was lost, nor for all
that was carried across the ocean
in the pockets Of our people during
all these years. Yet the director
says in his reports of 1891 that
during the Paris exposition the to-
tai sum spent by our people abroad
in one year was over $90,000,000.
Why does Mr.. Carlisle use figures
that he knows are incorrect and
are manifestly given out only for
the purpose of misleading the
American people on the question
as to the amount of money they
have in circulation?
eleventh. A year ago Mr..
Cleveland sent for his former law
partner and close friend and
through him Cleveland and Carlisle
together made secret contract
with another friend who was
former lieutenant of Cleveland, by
which that friend and his associ-
ated spectators were able to make
nine or ten millions out Of the
government in a few weeks on a
small bond transaction. And the
reason given for this extraordinary
and even criminal procedure was
that the SPECTATORS and sharks of
Wall street had agreed to protect
the government against the gold
raids until the following Novem-
Der; that is, the wealthiest, most
enterprising, most powerful, most
industrious and most thrifty ma
tion on the globe paid tribute to a
small band Of speculatars for pro-
lection. And when the month OF
November arrived THESE specula-
tors withdrew their protection and
then the government proceeded to
issue another $l00,000,000 of bonds,
thus increasing the burden OF our
people. Now Mr.. Carlisle might
have expatiated on this and
pointed out to the American people
the lofty character OF the states
men involved in these transactions,
for strange to say many OF our in
telligent people are utterly unable
to comprehend it. While Mr.. Car
Isle does not seem to have been a
success in the capacity Of bunco-
steerer among the laboring men OF
Chicago, there are many points
upon which he could be very inter-
esting. would suggest that they
bring him back and let him talk
on matters on which he Is at home.