Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-05-29
CALLS IT A CRIME.

| commerce nor business had anything
to do with it.
| CALLS IT A CRIME.
Sixth-It is q fundamental law
re- ,gnized by all gold standard finan-
ciers, except recent converts, that
when the volume of money in the
world is reduced the selling price of
all property and commodities goes
down correspondingly, therefore WHIP
| ing out by law nearly half the money
of the world held to reduce the sell
ling price of commodities proportion
ately. Aud inasmuch as the debts
were not reduced, as interest was not
reduced, and rs taxes were not re-
duced, does not Mr.. Carlisle think
even now, just as lie did in 1873, that
great crime was committed against
the entire debtor class and against
the producing class by bringing about
condition 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 so reduced
that it takes everything the debtor
can get together to pay his fixed
charges, aad 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 for other articles?
And if he cannot, than must that
not result in the destruction of what
we once called our great home mar
ket? If this is destroyed, so that our
factories and Industries are unable to
dispose of their productions, must
they not shut down and throw labor
out of employment? Is not that ex-
actly what has happened in this
country?
Eighth-As the laborer prospers
most when there is large demand
for the articles he creates, does it not
necessarily follow that, until there is
a rise in prices, so that the debtor
class and the producing class can
again do large miscellaneous buying
there is no hope for the laborer?
Ninth-As there cannot be a gener-
al rise in prices without an increased
volume of currency, must not the
present paralysis and stagnation con.
tinue in the world until the volume OF
money is again restored to what il
was before silver was stricken down
Tenth-There are in the United
States over 5000 banks including
! national, state and private. The
comptroller of the currency, one Of
Mr. Carllsles assistants, received re
ports from these banks, showing the
total amount of money of every kline
that each bank had on July II, 1895
e From this report it appears that ther,
[ were in round numbers only $l27, 1000,
e 900 of gold in all of the banks of tn
: United States. This was all of tn
i available gold in this country. Their
t were about $1,000 900 in the treas
d urY at that time, but this is not avail
q able. Mr.. Carlisle did not refer t.
: those figures which are known to b
e accurate. But instead he cited til
. figures given out by the director Q
It the mint, also one of his assistants, il
IS which it is claimed that there ar
/; about S60O,0O0,OO0 of gold in thi
e country. Mr.. Carlisle must kno,
If that these figures are incorrect, an
= that the tables given out by the q
S rector Of the mint on this point az
worthless, bee cause 1t appears fro,
y his report for 1902 that he assume
d that every dollar pnt in circulatio
/. since 1872, in this countr
e is still in circulation, exc r
b where record was mad
'e of it's expectation, and that he ha
a made no allowance FOR the none
e that was carried over the norther
1t boundary and our southern bount
le airy for twenty-four years, nor for til
v money carried back by Chinese du
LII ing that tine, nor for the gold col
20 used in the arts and not reporte
IS during that time, nor for all that VIZ
,r lost, nor for all that was carrie
N across the ocean in the pockets of OF
re people during all those years. Y
le the director says in his report of 10!
re that during the Paris exhibition tt
I'd total sum spent by our Peep
r. abroad in one year was ov,
IL ninety million dollars. Why does NJ
Id Carlisle use figures that he know
are incorrect and are manifestly give
x out only for the purpose of misleadir
RS the American people on the questie
10 as to the amount of money they ha,
" in circulation?
81 THE BOND CONTRACT.
lie Eleventh-A year ago Mr.. Cev