The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-02-26
SPEECH BIZ CARLISLE
On Sound Money. Before Man
haitian Club, New York.
ADMITS HIS PARTY is SPLIT.
But Hopes That the Majority VIII De-
clare Against sefni-Repndiafion
by the Free Coinage of silver.

New York Feb. MANY men GStln-
gllished in political ard financial circles
assembled ia the rooms % the Manhattan
Club tonight TO meet Secretary Carlisle
The occasion OF the gathering Was the re-
c@pilon OF the club 10 the secretary OF me
treasury. The guests included men con
sp.euoIs in both political parties, and N
the many factions % state and local poll
tics. The clubhouse was handsomely dec
GRATED IN honor OF the occasion Mr. Car
Isle was formally received by Edward
Bell. chairman OF the house committee,
who conducted him 10 the pariors, where
ne received the guests. assisted by frea-
erick r. Cou5ert. After the reception a
banquet was served IN the dining han. at
the conclusion OF which Mr. coudert in
tr0dnced the guest of the evening as the
scho0lnasfer OF the nation in sound imam
css-"
When Secretary Carlisle arose 10 sd-
dress fhe asseublage he was greeted with
loud applause. After thanking the cIao
for its hospitality and for the cordial re-
eeption IL had extended TO him. ne said:
Il wanted 10 be here tonight because
knew that your halls would be thronged
and your tables surrounded mainly by
old-fashioned Democrats VINO have never
repudiated. and / am sure never VIII re-
pudiate. the principles OF their party
sound money. just taxation. economy in
the expenditure OF the public money, hon.
esty and fidelity in the discharge of off,
cial duty. and the preservation OF indi-
yidual liberty and the rights OF the states.
These are old-fashioned Democratic doc
trines. II is true. but they were good
enough for our fathers. and they are good
enough for us-or they are for me.
Unfortunately. many distinguished
members OF our party do not agree with
Us upon ali these subjects. and We are
rapidly approaching the time when our
differences of opinion must be finally set
tied by the majority. But there is but enc
question upon which there is any serious
difference OF opinion among our Demo-
cratic friends. II is a most important one,
for IL involves, In my judgment, not only
the credit and honor OF the country. but
the good faith and material welfare or
ali our people 1t cannot be discussed
here. out only stated. III there was any
economic policy 10 which the Democratic
party adhered with more ienacity than TO
any other In past days. IL was that the
currency used by the people in the trans
action of their business should always be
on "A sound and stable basis. that all notes
issued by the banks should be redeemable
in specie on demand at par value. and
that nothing but specie should be made
legal tender in the payment of debts.
Now it Is proposed to condemn this an
cient Democratic policy-at least so far as
IL relates TO the maintenance of sound
and stable currency-by authorizing the
free coinage of silver at ratio which shall
make the legal tender silver dollar worth
about one-half as much as the legal ten
der gold dollar. In other words. it is pro-
posed that. instead of continuing the mon
etary system based on gold standard.
where IL was placed by Democratic legisla-
ton during the administration of Andrew
Jackson, and where IL has been practically
ever since. IL shall be SO changed as to con-
form to the monetary system of China,
South America and the small Central
American states.
1--WE are asked 10 adopt a policy that
would result in silver mono-metaliism.
with the unlimited issue of silver and the
total disuse OF gold as a money metal. and
whether we win or viii not take this dis
astrous policy and incorporate IL into our
creed is the great question which. as in
timated few minutes ago. must now be
settled by the only tribunal which can pass
Judgment upon 1t. This question cannot
be evaded If we would, and ought not 10
be evaded IL We could.
Honesty is the best policy in politics.
For my part the last ambition OF my life
is to see the Democratic party, 10 which I
have always been attached, uphold the
public credit at all times and under all
Giro umstances, maintaining a monetary
system Hhicn shili secure 10 All classes
OF our citlzenS-the laborer as well as the
capitaIlst-the best money In the world
Gentlemen. the Democratic party is not
dead tcheers). the time is not at hand TO
dissolve It's organization and distribute Its
assets among the populace at large. [
hope the Democratic party will enter upon
the coming political contest on perfectly
sound declaration Of principles. If it does.
II will come out OF 1t with unlmpaired
strength, with unblemished record and
with the courage of the right