Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-04-27
AN OPEN LETTER.
Continued from page ~

producing class can again do large mis-
cellaneous buying. there Is no hope for
the laborer.
Ninth--As there cannot be a general
rise in prices without an increase in the
volume of money. must not the present
paralysis and stagnation continue In the
world until the volume of money Is again
restored to what it 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 cur
rency, one of Mr.. Carlisle's assistants,
received reports from these banks show
ing the total amount of money of every
kind that each bank had on July II. 1895.
From this report 1t appears that there
were in round numbers only $127 .000, 900
of gold in all of the banks Of the United
States. This was all of the available
gold in this country. There were about
si0o0o0,Oo0 in the treasury at that time,
but this is not available. Mr. Carlisle
did not refer to these figures, which are
known to be accurate. But instead he
cited the figures given out by the direc-
tor of the mint. also one of his assistants,
in which it is claimed that there are
i
Mr. Carlisle must know that these fig
ures are incorrect. and that the tables
given out by the director of the mint on
this point are worthless, because il an
! pears from his reports of 1892 that he
assumes that every dollar put in circula-
| ton since 1872 in this country is still in
circulation, except where record was
made of its importation, and that he has
n fn, ba -
was carried over the northern boundary
and our southern boundary for "a years
, nor for gold coin used in the arts and not
reported during that time. nor for all
that was lost. nor all that was carried
across the ocean in the pockets of our
people during all these years. Yet the
director says in his report of 1891 that
during the Paris exhibition the total
sum spent by our people abroad in one
year was 100000 COO, Why does Mr. Car
Isle use figures that he knows are incor-
rect and are manifestly given out only
for the purpose of misleading the Ameri-
can people on the question as to the
amount of money they have in circula-
ton.
ELEVENTH. year ago Mr.. Cleveland
sent for his former law partner and
and Carlisle together made a secret
contract with another friend, who was
a former client of Cleveland. by which
that friend and his associate specula-
tors were enabled to make 50, OO0, 600 or
$4,000 900 out of the government In few
weeks on small bond transaction, and
the reason given for this extraordinary
and even criminal procedure was that
the spectators and sharks of Wall
street had agreed to protect the govern
ment against the gold raids until the fol-
lowing November. That Is, the wealth.
lest, the most enterprising. most power
fui, most industrious and thrifty nation
on the globe paid tribute to q small band
or spectators for protection. And when
the month Of November arrived these
spectators withdrew their protection
and then the government proceeded to
issue another 500, 000, 900 Of bonds. thus
increasing the burdens Of our people.
Now Mr.. Carlisle might have expa-
tiated on this, and pointed out to the
American people the lofty character Of
the statesman involved In these trans
actions. for, strange to say, many Of our
intelligent people are utterly unable to
, comprehend 1t. While Mr., Carlisle
does not seem to have been q success In
the capacity of bunco-steerer among the
laboring men of Chicago. there are many
points upon which he could be very In.
teresting. and would suggest that they
bring him back and let him talk about
matters In which he is at home.
Inc beneficent influences of the new
~ cut pine are condensed and refined
IN Dr. Woods Norway Pine Syrup.
natures own remedy for coughs ara