Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-10-23

| In opposition to any such policy az tina
proposed by the Chicago and Populstist
conventions he urged that BY holding fas
ways have the best things that nione,
could buy. let u.s. he added pre-
serve the credit and honor of our coun
and confidence of the world and can com.
mand its surplus capital on the most fav.
orablc terms for the development Of oui
resources and the improvement OF our
social conditions Let us keep The cur.
rency used by the people up to the high
est standard OF value recognized In tbs
commercial world and our international
trade will bring us streams Of gold from
foreign lands In exchange for the pro-
ducts Of our farms and shops and mines
Let us see to 1t that labor Is not cheated
shall not be required TO exchange his
products for a deprecated currency. Let
US preserve for the use of all the people
the dollar of the forefathers: dollar
worth 100 cents every where.
Turning to other parts of the platform,
Mr.. Carlisle said even II the free and I'M
limited coinage Of silver at the ratio of
16 to ! were the only issue presented In
this campaign. every old-line Democrat
in the country would be fully justified in
refusing to support the nominee of the
Chicago and 81. Louis Populist convcn--
tons: but 1t was not the only issue and
might In the end prove to be not even
the most important one. When was It
ever before declared by any convention
the Federal government had the consti-
tutional authority to interfere with prl-
vate contracts between individual citizens
of the same state?
I'm view of the facts that IL was also
proposed to have the government pur-
chase and operate all the railroads and
telegraph lines and issue paper to pay
for them; that IT was to coin at the public
expense all the silver in the world If the
owners Of the bullion saw proper to pre-
sent 1t at our mints that ii was to inaa-
t,.t.. 81
works, whether needed or not. sufficien.
to give constant employment to all labor
ers who were not otherwise occupied, and
that il was to establish postal savings
banks in every part of the country to re-
ceiTe idle money on deposit and pay in
terest on H. whether 1t could use the
money or not. he thought 1t not extrava-
CANT to say that the people were threat
ened with social and political revolu-
ton of the eravest character. a revoiu-
ton which If successful would subvert the
fundamental principles upon which tn.
government was founded. tax the private
Industries of the people out of existence
and convert our system into soeiAiislic
despotism. When to this extravagaE.
and demoraliZing scheme was added tina
other revolutionary feature of the Chiea-
go platform. the substantial apoWai of
purpose 10 make the judiciary party OF
the political machine by re-constructin.
the supreme court In order 10 dictate its
judgments upon questions Of constitu-
tionai law, "A plan of operations was pro-
posed more dangerous 70 our institutions
than was ever suggested by any party 0.
the past.
In his concluding remarks Mr.. Carlisi
said; II not artifieiaily obstructed by bad
local laws; or by war or other adverse in
fuences. the supply of good money woul
always maintain its proper relation TO tn
demand IN every country because when
the volume becomes unduly depressed in
one place. the deficiency Will be imme-
diately made good from other place
whore the demand IL not so great ana
where the profits on il are not SO large
Ii Is like the waters of the seas; If theT
are no storms TO obstruct them they viii
their level All over the world
What do we see going on at this very mo
ment? BY reason Of the excessive acct
mutation Of money nj the financial cen
tiers of Europe. the high rates of intereS
AT New York and elsewhere In
this country ard the condition Of our in
ternaiional trade. more than sixty mil
lions In gold have been brought here dur
ing the last two months and ii is still |
coming. There are many who believe, o.
profess to believe. that the Importation
of gold are due 10 some artificial cause
some arrangementsc combination or agree !
ment upon the part OF an imaginary |
money power to accomplish certain poll !