The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-10-23


ever before declared by any convention
even pretending to be democratic, that
the federal government had the constitu-
tional authority to interfere with private
contracts between individual citi-
zens of the stame state? In view of the
tacts that 1t was proposed to have the
government purchase and operate all the
railroads and telegraph lines and issue
paper to pay for them, that 1t was to
coin at the public expense all the silver
in the world, If the owners of the bullion
saw proper to present it at our mints
that it was to inaugurate and maintain
system of public works whether need
ed or not, sufficient to give constant en-
ployment to all laborers who were not
otherwise occupied, and that it was to es-
tablish postal savings banks in every
part OF the country to receive idle money
on deposit and pay interest on it, whether
1t could use the money or not he thought
II not extravagant to say that the people
were threatened with So
cial and political revolution of the
gravest character. a revolution, which, if
successful, would subvert the fundamen-
tai principles upon which the government
was founded, tax the private industries
OF the people out of existence and con-
vert our system into a socaistic despot-
ism. When to this eXtravagant and de-
moralizing scheme was added that other
revolutionary feature of the Chicago plat.
form, the substantial avowal of pur-
pose to make the judiciary part of the DO
htical machine by reconstructing the su-
preme court in order to dictate it's juds-
ments upon questions of constitutional
law, plan of operations was proposei
more dangerous to our institutions than
was ever suggested by any party in the
past"
In concluding his remarks, Mr. Carlisle
said: If not artificially obstructed by
bad local laws, or by war or other ad-
verse influences, the supply of good money
would always maintain its proper rela-
tion to the demand in every country, be-
cause, when the volume becomes unduly
depressed in one place. the deficiency will
be Immediately made good from other
places, where the demand is not so great
and where the profits on it are not so
large. 1t is like the waters of the seas;
II there are no storms to obstruct them
they will maintain their level all over the
world. What do we see going on at this
very moment? By reason of the excess
sive accumulation of money at the ffnan-
cial centers of Europe, the high rates of
interest prevailing at New York and else
where in this country, and the condition
of our international trade, more than $780,
100000 in gold have been brought here
during the last two months, and it is
still coming. There are many who be-
lieve, or profess to believe, that these
importations of gold are due to some ar
tificial cause, some arrangement, combi-
nation or agreement upon the part of
an imaginary money power to accomplish
certain political results, and that they will
cease after the election. 1 can assure our
suspicious friends that there is nothing
artificial in this movement of gold
that is the natural and necessary result
of the existing financial conditions on the
opposite side of the Atlantic, and that IL
uTil1 uh "a ,rit 80
substantially restored, whether that be
| before or after the election. 1t will GER
| tainly cease after the election, whether
the equilibrium is restored or not, If the
people of the United States. by their votes,
inaugurate the policy of free coinage at
the ratio of 16 to 1, and the gold which
favorable balances and profitable rates Of
interest have recently brought to our
shores will depart from us as rapidly as
the fastest ships can carry it across the
sea. Our treasury reserve will be
Immediately exhausted, the gold
! held by the people and financial
institutions will cease to be used as
money the circulation will be suddenly
and enormously contracted, not only by
the withdrawal of gold, but on account
of the inevitable panic which will prevail
in every part of the country, and we shall
enter at once upon a long period of suf-
fering and distress unparalleled in our his
tory. Until 1 have lost all confidence in
the intelligence and patriotism of the
American people, cannot believe they
will deliberately incur the risk of indus
trial and commercial ruin merely for the
purpose of making a financial experiment
which is opposed to all dictates of sound
reason and condemned by the experience
of all mankind"
AS Secretary Carlisle rose to speak to-
night at Odd Fellows hall, some one in
the crowd of tough characters which lined
the rear wall of the hall, threw two eggs,
presumably at the speaker. One of he
eggs fell in the lap of a lady in the audi
ence while neither reached the stage. The
incident was known to only few per-
sons and no attempt was made to locate
the miscreant.