The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1896-04-23
CARLISLE'S ADDRESS.
Secretary Of the Treasury Talks
Money to Workingmen.

| Chicagos Great Auditorium Crowded with
People Eager to Hear tho Views of the
Administration's Representative on
Currency and Finances.
Chicago, April 16.-Every one OF the 5000
| seats in Chicagos great Auditorium was
filled Wednesday night with people who
Carlisle on currency ana finance. Several
hundred people stood through the entire
address and several hundred more went
away. being unable to gain admittance.
The stage was occupied by about 200 off,
blies. at whose invitation Mr. Carlisle came
E,sht-HcSr Herald, Preside presided c'''' % LAG
Mr.. Carroll said 1t was the desire of the
| laborlng people of Chicago to hear some
plain: intelligent truths regarding the cur T -.
lected as the most fit person for giving the
ate debate en tSe 50 sveT
question. and said that nothing had been
learned from it, and that the labor people
could be coined free Without detriment to
| the credit and financial standing of the
country. He then introduced Mr.. Carlisle.
Mr.. Carlisle called attention to the fact
should insist upon q policy that will pre-.
serve the value and stability of all our
currency and promote the profitable con-
mis- home and his family that will suffer
from the effects Of a cheap currency that
hS Prss If
has nothing to dispose of but his labor.
and nothing with which to support himself
Of his own labor. s A HsI policy VI That even
temporarily suspends or obstructs the in
dustrial progress. BY diminishing the de-
injurious to his interests ana inf1ict SUI
| fering upon all who depend upon him.
Whether we shah or shall not have a
Industrial depression in this country is :.
| question directly and necessarily involved
in TIE deman% now ,t, ssr!9Ysly made By
other goyyer99ment II TIE world: shan aS u
fun legal tender SILVER at the ratio Of
| sixteen to one, notwithstanding the true
market ratio between the two metals is
ton is that the United states shallp coin, at
| the public expense. for the exclusive bene-
i"x the buiion. ali the o silver that may C" BE-
$M Ssa9S s ct pure sXeE or
to the depositors Of the bullion and COM
cents each In payment Of debts due them.
Its immediate effect would be to contract
CO., 600 BY stopping the use Of gold as m oney
ABOUT ee eauaf to tie difference between the
intrinsic value Of the silver dollar. Gold
coins would at once become commodity
and would be bought and ,1o: sold by spec u.
used as money, because no man would pay
! in gold, or in paper redeemable in gold:
EG m to 1 pay It s1sr only
ooo, 90 Would itself be sufficient-to create a
tory. But not only would our currency be
reduced to two-thirds its present volume,
this that was left would be 50 deprecated
as much as We now have to transact the
business Of the country, provided there
should be any business to transact.
ter Of a Gentry. through, labor ORGANISE
tions and otherwise, to secure rate of
syEs Wak eo wsY eas s sss .
family. you are asked BY the advocates 0:
one he purchasing power OF the
upon yourselves re task 81 doqbiins. ne
that is. to struggle for another quarter OF
q century. or perhaps longer. to raise your
poSs WHICH n % snaba you to
with them RS much Of the necessaries OF
life as you can purchase now ~ and II; after
In so adjusting wages that you would pro-
wha theyy no% at tSs
SsissS SSs Change from the Old to the
only tn the 'character; and and amount and d pur-
tes Of
subject OF the gravest importance to hir0
but its Importance is greatly Increased by
ings are also involved.
The banks. trust companies. building as
eve the Iss people Of the Unite, States to-day
sota cspitsl u The nstionai Banks s1 in tie
country, while the life. Insurance policies
held by the people in the various Kinds Of
to-day amount to $50. 205; se4. s57. q larger
sum than has been actually INVESTED IN all
Than the capital Of ali the national banks.
sSf se9Sy1,1 PS submit tsss
Citizens before you agree to the free ana
q ratio Of sixteen to one, in order that
these great corporations and associations
dSts to 81 paSnS 81
cents on the dollar. for that is exactly what
it means.
But II free and unlimited coinage Of
legal tender silver at the ratio Of sixteen to-
one is established in this country, "a very
large part Of the money deposited IN these 9
not even be repaid in Deprecated silver.
but will be wholly lost, because such =
tate a financial panic; which very few II
doubt If there is q single financial insti-
tuition in the country that could sustain
the pressure that would be Immediately
made upon it by its depositors and other
our standard of value was to be loWerel
and our currency deprecated by free COIN
age.
financial commercial and Industrial af-
fairs Violently disturbed by. the fear that
the government would rot be able to MAIN
tain gold payments, and that our currency
would descend to silver basis. II mere
doubt as to the kind of money we intended
to use produced these distressing results,
what think you would be the probable con-
SEQUENCES Of a deliberate determination
upon the part of our people to adopt silver
recommendation as permanent system?
The greatest crime short OF absolute po-
litical enslavement that could be commit
Tod a ga inst the wOrkingman In this COun-