Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-04-27
Most complete. line of
Fishing Tackle ever
shown i'm Augusta.

; nearly a lifetime in demanding the re-.
storation of silver and denouncine the
great conspiracy that struck 1t down.
and. strange to say, when these two men
entered Cleveland's cabinet they under
went a change of heart. and like Carlisle
they avoid talking about it, When Saul
Of Tarsus saw great light and changed
his views he was anxious to tell all the
world about it. but these three statesmen
seem to be ashamed to discuss the man.
her of their conversion. Why did not
Carlisle throw little light on this Ques-
ton?
Second-All of these men now denounce
those people who are opposed to the
single gold standard as being scoundrels
and lunatics Yet they are only follow
ing the doctrines which Carlisle and
company preached Are we then to in.
fer that Idr. Carlisle and his two cabinet
associates We're scoundrels and lunatics
until they got to be gold men? and that
then the tinsel OF cabinet position not
only made them honest but gave them
brains II not. then how are we to know
which end of the career was honest.
intelligent and patriotic? For in the
absence of any explanation some Of us
might think that they were honest and
patriotic when in the vigor of their man.
hood they were standing by a wronged
people, and that it is the latter end Of
their career that is destitute Of honesty.
Intelligence or patriotism. Carlisle
should have told US.
Third-Mr. Carlisle should have ex.
planned why it was that for 200 years gold
and silver held the market ratio of lsk
to /. The ratio fixed by law Is to In
some countries 1872 to in most coun-
tries. and for while 16 to in our coun-
thy. In other words the market ratio.
as shown by the tables. remained prac-
tically the same as the statutory ratio
during all that time If the two metals
cannot stand together, how does II hap.
pen that they did SO without serious
huctuation for 200 years. notwithstand-
ing the fact that the annual production
of each metal varied greatly from time
to time.
Fourth-If only one of the metals can
be standard and a measure of the value
of things, and if combined standard Of
both gold and silver is as impossible a.
it is to have two yardsticks of different
lengths, why was 1t that some Of the
ticularly Baron Rothschilds. stated in
1869 that it was the sum of the two metals
taken together which formed the meas
ure of the value of things? No matter
which metal might for q time predomi-
hate, nevertheless the sum Of the two
taken together was the measure of the
value of all property. II the same coun-
tries had stricken down gold by law and
HaCfrnVnd f,v,v At< 4
silver the sole standard. would not silver
have gone up and the purchasing power
of gold gone down?
Fifth Mr. Carlisle should have ex-
planned why 1t was that in every country
where silver was stricken down 1t was
done by the arbitrary act Of government
and that neither commerce nor business
had anything to do with It,
Sixth-It is a fundamental law recog-
nized by all gold standards financiers
except recent converts, that when the
volume of money in the world Is reduced
the selling price of all property and COM
modities goes down correspondingly.
Therefore the wiping out by law Of
nearly half the money of the world had
TO reduce the selling price of commodi-
ties proportionately and inasmuch as
TIE ueDtS were not reduced as interest
was not reduced and as taxes were not
reduced. does not Mr.. Carlisle think
even now just as he did in 1878, that a
great crime was committed against the
entire debtor class and against the pro-
ducing class by bringing about condi-
ton of affairs by law which compelled
the debtor. the producer and the laborer
to sell twice as much property or labor
as were formerly necessary to get the
same amount of money?
Seventh-If prices are 30 reduced that
1t takes everything the debtor can get to-
gether to pay his fixed charges and
everything the laborer can get together
to buy little coarse clothing and plain
food for his family. can either the debtor
or the labOrer spend much money buy.
Ing other necessities? And II he cannot
then. must that not result In the de-
struction of what we once called our
good home market?
II this is destroyed so that our great
factories and industries are unable to
dispose OF their productions, must they
not shut down and throw labor out Of
employment? Is not that what has han.
pened in this country?
Eighth-As the laborer prospers most
when there is a large demand for the
articles he creates, does It not necessa-
rily follow that until there Is . rise in
prices, so that the debtor class and the
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