Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1896-08-18
Carlisle Again Quoted.

Carlisle again Quoted.
In 1878 Mr.. Carlisle said: Mankind
will be rtuna if the annual production
of gold and silver coin shall keep pace
with the annual increase of population
and industry" 1 repeat this assertion.
All of the gold and silver annually avail
able for coinage, when converted into coin
Mt the present ratio, viii not, in my judg-
ment, more than supply our monetary
needs.
In supporting the act of 1890, known as
the Sherman act, Senate Sherman on
July . of that year aid Under the law
of February, 1873, the purchase of S2,G00,-
O00 worth of silver bullion q month has by
coinage produced annually an average of
nearly 3d. O0, 600 per month for n period of
twelve years, but this amount, in view of
the retirement of the bank notes, will not
increase our currency in proportion to u
increasing population"
Our opponents make no adequate pro-
vision for the increasing monetary needs
of the world. In the second place, a
change in the ratio is not necessary. Hos
tile legislation has decreased the demand
for silver and lowered its price when
measured by gold, while this same hostile
legislation, by increasing the demand for
gold, has raised the value of gold when
measured by other forms of property.
We are told that the restoration of BIZ
metallism would be a hardship upon those
who have entered into contracts payable
in gold coin, but this is II mistake. 1t will
be easier to obtain the gold with which to
meet n gold contract, when most of the
people can use silver, than it is now when
everyone is trying to secure gold.
We shall not offend other nations when
we declare the right of the American peo-
pie to govern themselves, and, without let
or hindrance from without, decide upon
every question presented for their con-
sideration. In taking this position, we
simply maintain the dignity of seventy
million citizens who are second to none in
their capacity for self government.
Citizens of New York, L lave travelled
from the center of the continent to the
seaboard that L might, in the very begin
ming of the campaign, bring you greeting
from the people of the west and south, and
assure you that their desire is not to de-
stroy, but to build up. They invite you
to ACCEPT the principles of a living faith
rather han listen to those who preach the
gospel of despair and advise endurance of
the ills you have. The advocates of free
coinage believe that, in striving to secure
the immediate restoration of bimetallism,
they are laboring in your behalf as we'll as
in their own behalf. a few of your people
may prosper under present conditions, but
the permanent welfare of New York rests
upon the Ol wealth.
Tribute to New YorIt's Greatness.
Ehis great city is built upon the COM
merce of the nation, and must suffer if
that IN is impaired. You cannot
sell unless the people have money with
which to buy, and they cannot obtain the
money with which to buy unless they are
able to sell their products at remunerative
prices. Production of wealth goes before
exchange of wealth; those VIII create
E., 4l,.,, Ia--1 nv
thing to share with others. You cannot
afford to join the money changers in sup
porting "a financial policy which, by de-
stroying the purchasing power OF the pro-
ducts OF toll, must tend to discourage the
creation of wealth.
l ask, l expect your cooperation. 1t Is
true that a few of your ~financiers would
fashion n new ffgure-a figure represent
ing Columbia, her hands bound fast with
letters of gold and her face turned toward
the east appealing for assistance to those
who live beyond the ea-but this figure
can never express youridca of this nation.
You will rather turn for inspiration to
the heroic statue which guards the en-
trance TO your city-a statue as patriotic
in conception as it is colossal in proper
tions. 1t was the gracious gift of Il sister
republic, and stands upon a pedestal
which was built by the American people.
That iigurc-Liberty Enlightening the
Worlds emblematfc of the mission of our
nation among the nations of the earth.
With u government which derives its
powers from the consent of the governed,
secures to all the people freedom of con
science, freedom of thought and freedom
of speech, guarantees equal rights to all
and promises special privileges to none.
the United States should be an example
in all that is good md the leading spirit
in every movement which has for It's OBJ
iect the uplifting of the human race.