The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-04-26
HOW HE ONCE STOOD
Governor Altgeld Refers to Carlisle's
Former Silver Attitude
THE SECRETARY is CHANGED
He Was All Right Until cieveIana
TOOK Him In-1h Schenners
or the Bond Manipula-
tors Exposed to View.

seiu, III an open letter, has made a r.
ply to the speech of Secretary Oarlisl
recently delivered in Chicago. n
quotes from Carlisle's speech on III
currency question in 1878 in congress
ana 10 the disastrous results followin
the demonstration of silver He say
In part: THE language used by Car
Isle then was clear and emphatic. an
has none Of the sophistry and petit
fogging about ii that are found In hi
Chicago speeches. His awful predic
tons made in 1878 came to pass. HI
not only saw his own prophecy fulfilled
but he saw the misery of his countr,
become even greater than he had pre-
dicted. Finding that his views hat
been correct he continued to hold then
until he entered Cleveland's cabinet
when, in some mysterious manner
there was change of heart; but 70,
some reason he seems unwilling to tall
ABOUT IL. There are two other mem.
oers or the cabinet-Hoke Smith OF
Georgia and Herbert of Alabama--who
like Carlisle, had made their voices
heard for nearly lifetime in demand
+ ing the restoration of silver and in de-
nouncing the great conspiracy that
struck 1t down; and, strange to say.
when these two men entered Cleve-
lands cabinet they underwent a change
of heart and. like Carlisle, they avoid
ed talking about it.
"All of these men now denounce
those people who are opposed to the
single gold standard as being scoun-
drels and lunatics. Yet they are only
following the doctrines which Carlisle
d Co. preached. Are we then to infer
that Carlisle and his two cabinet asso-
.I.srl L.
they got to be old men, and that the
tinsel OF a cabinet position 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? For,
in the absence of any explanation, some
of us might think that they were hon
est and patriotic, when, in the vigor
of their manhood, they were standing
by a wronged people, and then in the
latter end of their career they were
destitute of honesty, intelligence or pa
triotism.
Carlisle should have explained why
IL was that for 200 years gold and sill
yer held the market ratio of, about 15h
to l. If only one form of the metals
can be standard and a measure of
the value of things, and If a combined
standard of both gold and silver Is as
impossible as 1T is to remove two yard I
sticks of different length, why was 1t
that some of the greatest financiers of 7
the world, and particularly Baron /,
Rothschild. stated in 1869 that IL was
the sum of two metals taken together I
which formed the measure of value OF
things? Carlisle should have explained /
why 1t was that in every country where /
silver was stricken down, 1t was done |
by the arbitrary act of the government |
and neither commerce nor business had |
anything to do with IL. ..a.. e.ar |
AS there cannot be a general rise in |
prices without an increased volume of |
money, must not the present paralysis
and stagnation continue until the vol
nme of money is again restored to
what IL was before silver was stricken
down? There are in the United States J
more than 1900 banks. The comptrol-
er of the currency, one of Carlisle's as
sistants, received from these banks a
showing the total amount of
money of every kind that each bank
had on July IL. 1895. From this report
{ appears that there were in round
numbers only s127, 900, 900 of gold in all
# the banks of the United States. This
vas all of the available gold In this
There were about 500, 900, 900
n the treasury at that time but this
vas not available. Carlisle did not re-
er to these figures, which are known
o be accurate. But instead he cited
he figures given out by the director of
he mint. also one of his assistants,
Who claims there are about $500, 900, 900
Il gold in this country. Carlisle must ,
now that these figures are incorrect, |
nd that the tables given out by the
irector OF the mint are worthless be-
ause IL appears from his report for 1892 ,
hat he assumes that every dollar put
n circulation since 1872 in this country
: still in circulation, except where a
ecord was made of its expectation,
nd that he has made no allowance for
he money that was carried over the
orthern boundary and our southern
oundary for "a years. nor for the
honey carried back by the Chinese
uring that time, nor for all that was
st. nor for all that was carried across
ne ocean in the pockets of our people
uring all those years. Yet the direc-
'r says in his report of 1891 that, dur !
lg the Paris exposition, the total
mount Of gold sent by our people
broad in one year was more than $780,
q. 0O0
why does Mr.. Carlisle use figures
lat he knows are incorrect and are
anifestly given out only for the pur-
'se of misleading the American people
! the question as to the amount of
oney they have in circulation?
n year dEO 1itNtiaDQ sent Tor his n
rmer law partner and close friend,
Id through him Cleveland and Car
lie made a secret contract with an
her friend, who was a former client
Cleveland. by which that friend and q
s associate spectators were enabled
make nine or ten millions out of the
'vernment in few weeks on a small
md transaction. The reason given
r this extraordinary and even Grim
al procedure was that the specula- b
rs and sharks OF Wall street had
reed to protect the government
ainst the gold raids until the follow In
2 November. And when the month
November arrived these Spectators -
thdrew their protection and then the
vernment proceeded to issue another
ndred millions of bonds, thus in
Easing the burdens of our people. n,
w. Carlisle might have expatiated u
this and pointed out TO the Ameri- III
n people the lofty character % tha ~