The silver blade. (Rathdrum, Idaho) 1895-1903, 1896-04-18
prxsLE ExPOUNDED GOLD THEO-
RiES AT CHICAGO.
uned Upon the Evils of Disturb
I'm. the Monetary System Now
in Use.

Auditorium tONlSHL peLoTe an audlence
,hat filed the great hall to the utmost.
The address was delivered under the aus
,ices of the laboring men of Chicago and
.bev were there in full force, nearly
,hree-ouarters Of the crowd being work
ingmen.
MANY local democrats were anxious to
obtain an interview with Carlisle on the
nolitcal situation in Kentucky, but he
refused to talk politics in any way. He
said that he had come to Chicago to make
an address on the currency question and
that nothing could induce him to talk
notifies His address, which was greeted
with much applause. and which gave sat-
isfaction to his hearers, was as follows:
Mr.. Carlisle opened with the assertion
that the effect of instability Of currency
must fall with more force upon the poor
than upon the rich man.
Said he: Labor can not be boarded, |
the idle day is gone forever; lost wages !
are never reimbursed: and therefore |
steady employment and good paying de- |
mand in money is essential to the comfort
and happiness OF the American laborer
and his wife and children. and he will be
unfaithful to himself and to them If he
does not insist upon the adoption and
maintenance of such policy as will most
certainly preserve the value and stability
of all our currency and promote the regu-
lar and profitable conduct Of all our in
dustrial enterprises.
He then went on to argue that the open
ing Of minis to the unlimited coinage of
silver at the ratio of 16 to Of gold would
drive the $500, 100000 of gold now in use out
of the country and at the same time reduce
the purchasing power Of ali other money,
actually reduce the amount Of circulating
medium instead Of increas sing it.
The secretary then took up the silver
question and the ratios established Ky
Hamilton and Jefferson. He said that
when silver dollars contained 371A grains
and the gold 24% grains and the difference
in value was about cent and an eighth,
silver drove the gold out of use and out
of the country and from that time we had
silver monometallism until after the pass
age Of the acts Of 1884 and 1881. The fact
that the silver was put into the form OF
coin and made legal tender the same as
gold and that both dollars were declared
to be worth 100 cents each, did not In
crease the value Of the SIN grains Of sill
Yer to any extent whatever. In 1894 con-
gross determined to restore gold to the
circulation and so the ratio was changed
to Is to !. This was a slight over-valua-
ton of gold and Immediately the situation
was reversed. Silver fled from the coun-
try and gold came III. After the war,
When it was determined to change the
character of our currency again by the
resumption of specie payments. the ia"
was enacted four years in advance OF the
time when it was to take effect, IN ordei
that ample opportunity might be aHordeo
70 adjust the business of the people 10 the
altered conditions. Now. however, all the
conservative and prudential ""nsiaefa
ions that have usually controlled IN ths
settlement of great financial questiol's
Seem to be utterly disregarded. ana W.
are confronted by an organized ana 40
sressive movement to destroy by sillsH
dow the measure of value upon "hlc'
all existing contracts are based anu @n"
supVert the very foundations OF our mon
etary system without allowing SING"
oay to prepare for the change. III III
confusion and disorder resulting IRON
such radical measure, what VIII DC III.
condition of the American laborer: W.
ne be benefited or injured by reducing III
value of the money by which wages ai
pald and at the same time increasing u.
prices of the commodities for which III
wages are expended?
After struggling for more than Quar.e
soi century through labor organizaeioh
ana otherwise to secure 81 rate OF Wase
which would make the proceeds or das
work equal to the cost of a days supsis
ehce for the workingman and his fahaii!
you are asked by the advocates OIL LIZ
eolnage to join them in destroying ON
'iair OF the purchasing money IN VIM
tney are paid and imnoSe upon yOurSelve