The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-28

| Chicago or New York.
nearly a lifetime in demanding the res
| toration Of silver, and in denouncing
| the great conspiracy that struck il
down, and, strange to say, when these
| two men entered Cleveland's cabinet
they underwent q, change of heart, and,
like Carlisle, they avoid talking about
| il. When Saul of Tarus saw a 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 manner of their
| conversion. Why did not Carlisle throw
a little light on this question?
| ?. All of these men denOunce those
| people who are opposed to the single
| gold standard as being scoundrels and
| lunatics. Yet they are only following
| the doctrines which Carlisle and COM
| pany preached. Are we, then, to infer
| that Mr.. Carlisle and his two cabinet
| associates were scOundrels and lunat-
| les, until they got to be old men, and
that then the tinsel of a cabinet posi-
| tion not only made them honest, but
| gave them brains? If not, then how are
we to know which end of their career
was honest, intelligent, and patriotic?
IL,
some of US might think that they were
| honest and patriotic when in the vigor
of their manhood they We're standing
by a wronged people, and that it is the
latter end Of their career that is desti-
| tute of honesty, intelligence, or patriot
ism. Carlisle should have told us.
8. Mr.. Carlisle should have explained
why it was that for 200 years gold and
silver held the market ratio of about
1872 to 1. The ratio fixed by law was Is
to l in some countries, 151h to 1 in most
| countries, and for a while 16 to l in our
country. In other words, the market
ratio, as shown by the tables, remain
ed practically the same as the statutory
ratio during all that time. If the two
metals cannot stand together, how does
it happen that they did do so without
serious fiuctuation for 200 years, not
Withstanding the fact that the annual
production Of each metal varied greatly
from time to time?
4. If only one of the metals can be a
standard and a measure Of the value of
things, and if a combined standard of
both gold and silver is as impossible as
it is to have two yardsticks of different
lengths, why was it that some of the
great financiers of the world, and par
ticularly Baron Rothschild, stated in
1869 that it was the sum of two metals
taken together which formed the meas
ure of the value of things? No matter
which metal might for time predomi-
nate, 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
destroyed it for monetary uses, and
made silver the sole standard. would
not silver have gone up and the pur-
chasing power of gold gone down?
3. AIr. Carlisle should have explained
why il was that in every country where
silver was stricken down ii was done
by the arbitrary act of government, and
that neither commerce nor business had
anything TO do with ii.
8. II is a fundamental law. recognized
by all gold standard 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 correspondence;
therefore wiping out by law nearly one
half the money of the yOrld had to re-
duce the selling price of commodities
prOpOrtiOnately. nd inasmuCh as the
debts 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 1873. that
great crime was committed against the
entire debtor class and against the pro-
ducing class by bringing about a condi-
ton OF affairs by law which compelled
the debtor, the producer, and the labor
er 10 sell twice as much property or Ia
Dor as was formerly necessary 10 set
the same amount Of money?
i IF prices are so reduced that il takes
1 - :
70 pay his fixed charges. and every
thing the laborer can get together to
buy a little coarse clothing and plain
food for his family can either the
debtor OF the lahorer spend much money
buying other articles? And II he cannot.
then must that not result IN the de-
structiOn OF what W. once called our
great home market? If this is destroy
ed. 50 that our great factories and in
dus1ries are unable II dispose Of their
productions. must they not shut down
and throw labor out Of employment?
Is not that exactly what has happened
in this counJry2
s As the i3boCer proSpeTs most when /
there Is large demand for the articles
he creates. does Il not necessarily fol- |
low thar until there : a rise IN prices. |
50 that the debtor class and The produc- |
ma cta>S can again Go large n iSceiiale- I
Gus buying, there IS no hope for the la |
borer2
g. there cannot be great rise IN /
prices without an increase in the vol |
ume Of money. must not the present |
paralysis and stag1atioa continue in |
the world until the volume Of money Is |
again restored 70 what il was before /
silver was stricken dowa9
10 There are in the United States |
over nine thousand banks. including na- |
tional. state. and private. The comp /
JToller OF the currency. one o. Ny Car !
Isles assistants, received reports from
these banks showing the total amount I
Of money Of every kind that each bank /
had or July Il. 1895. From this report
x appears that there were n round /
only Sl27. 6Js3. 600 OF gold in al |
Continued on Eighth Pagel