Mexico weekly ledger., 1896-03-05
Old Style Democracy.
SECRETARY CARLISLE'S STIR
RING ADDRESS TO THE MAN
HAITIAN CLUB.
Strong Words From the Head of the
Treasury Department in Favor of
the Maintenance of Sound
Money, Just Taxation
and Economy.

NEW YORK, Feb. 26.-The Manhat-
tan club gave reception and banquet
last night in honor of Secretary Car
Isle, which was attended by many
men of prominence in politics and
finance. Secretary Carlisle was in
troduced by Frederick R. Coudert and
said:
81 wanted to be here to- night, be-
cause l knew your halls would be
thronged and your tables surrounded
mainly by fashioned Democrats
who have never repudiated, and 1 am
sure never will repudiate, the prin-
| ciples of their party-sound money,
just taxation, economy in the expen-
diture of the public moneys, honesty
and fidelity III the discharge of official
duty and the preservation of individ-
ual liberty and the rights of the states.
| "These are old-fashioned Demo-
cratic doctrines, it is true, but they
| were good enough for our fathers, ,and
they are good enough for US, or they
are for me. Unfortunately, many dis
tinguished members of our party do
not agree with us upon all these sub
jects, and we are rapidly approaching
the time when our differences OF
opinion must be finally settled by the
| majority. But there is but one posi-
ton upon which there is any serious
| difference of opinion among our Dem
| Erfn 10 snaf mi morris
one, for it involves, in my Judgment,
not only the credit and honor of the
country, but the good faith and ma
terial welfare of all our people. 1t
cannot be discussed here> but only
| stated.
| 'tIf there was any economic policy
to which the Democratic party ad-
hered with more tenacity than to any
other in the old days, it was that the
currency used by the people in the
transaction of their business should
| always be on sound and stable basis;
that all notes issued by banks should
be redeemable in specie on demand,
at par value, and that nothing but
specie should be the legal tender for
the payment of debts. Now it is pro-
posed to condemn this ancient Demo
cratic policy-at least, so far as it re-
| lates to the maintenance of a sound
and stable currency-by authorizing
the rree coinage or silver uo-a rutio
which will make this legal tender sill
yer dollar worth about one-half as
much as the legal tender gold dollar.
In other words, it is proposed that,
| instead of continuing the monetary
system based on a gold standard
where it was placed by Democratic
legislation during the administration
of Andrew jackson, and where it has
been practically ever since, it shall be
so changed as to conform to the mon
etary system of China, South America
and the small South American states
ave are asked to adopt a policy
which would result in silver mono
metalIism, with an unlimited issue o
silver and the total disuse of gold as
money metal, and whether we will o.
will not take this disastrous polio.
and incorporate it into our creed il
the great question which, as l init
mated few minutes ago, must nov
be settled by the only tribunal whicl
can pass Judgment upon it. Thl
question cannot be evaded if we would
and ought not to be evaded if W
could.
"Honesty is the best policy in poll
: tics. For my part, the last ambition
: of my life is to see the Democrat
party, to which I have always bee
attached, retain the position whic
: naturally belongs to it in favor of tn
maintenance of the public credit at
times and under all circumstances,
favor of maintaining a monetary syt
tenn which shall secure to all classs
of our citizens-the laborer as well
the capitalist best money in tn
world.
}. "Gentlemen, the Democratic part
is not dead. (Cheers.) The time
II not at hand to dissolve its organizs
l. ton and distribute its assets anon
% the Populists at large. (Cheers.)
: hope the Democratic party will ent'
> upon the coming political contest {
20 a perfectly sound declaration of pril
II ciples. If it does, it will come out