The San Francisco call., 1896-04-26


and against the producing class by bringing
about condition of affairs by law which COM
PEELED the debtor, the producer and the laborer
to sell twice as much property or labor as were
formerly necessary to get the same amount of
money?
Seventh-H prices are so reduced that it
takes everything the debtor can get together to
pay his fixed charges and everything the Ia
borer can get together to buy little coars e
clothing and plain food for his family. can
either the debtor or the laborer spend much
money buying other articles and if he cannot,
then must that not result in the destruction of
what We once called our great home market?
If this is destroyed SO that our great fact ories
and industries are unable to dispose of their
productions, must they not shut down and
throw labor out of employment? Is not that
exactly what has happened in this country?
Eighth-As the leborer prospers most when
there is large demand for the articles he
Creates does it not necessarily follow that
until there is rise in prices, so that the debtor
class and the producing class can again do
large miscellan eous buying, there is no hope
for the laborer?
Ninth-As there cannot be general rise In
prices without an increase in the volume of
money, must not the present paralysis and
stagnation continue in the world until the
volume of money is again restored to what it
Tenth-There are in the United States over
5000 banks, National, State and private. The
Comptroller of the Currency, one of Mr.. Car.
isles assistants, received reports from these
banks showing the total amount of money of
every kind that each bank had on july IL.
1895. From this report 1t appears that there
were in round numbers only $127, 900 900 of
gold IN all of the banks of the United state.
This was all of the available gold in this
tofr hp, 90
treasury at that time, but this is not available
Mr.. Carlisle did not refer to these figures.
which are known to be accurate But instead
he cited the figures given out by the
Director of the Mint, also one of his
assistants, in which it is claimed that there
are about $600,000,000 of gold in this conn.
try. Mr.. Carlisle must know that these fig
ures are incorrect, and that the tables given
out by the Director OF the Mint on this point
are worthless, because 1t appears from his re-
port for 1892 that he assumes that every dol
lar is put in circulation, except where record
was made of its exportat ton, and that he has
made no allowance for the money that was
carried over the northern boundary and our
southern boundary for twenty-four wears nor
for the money carried back by Chinese during
that time, nor for gold coin used In the arts
andnot reported during that time, or for all
that was lost, nor for all that was carried
DeOD1e
during all these years. Yet the director saws
in his reports of 1891 that during the Paris
Exposition the total sum spent by our people
abroad in one year was 800, coo, 900. Whv
does Mr.. Carlisle use figures that he knows are
incorrect and are manifestly given out only
for the purpose of misleading the American
people on the question as to the amount of
money they have in circulation
Eleventh-A year ago Mr.. Cleveland sent for
his former law partner and close friend and
through him Mr. Cleveland and Mr.. Carlisle
together made secret contract with another
friend, who was former client of Cleveland.
by which that friend ana his associate specu-
lators were enabled to make nine or ten mil
lions out or the Government in few weeks on
a small bond transaction. And the reason
given for this extraordinary and even crimi-
nal procedure was that the speculators and
sharks of Wall street had agreed to protect the
Government against the gold raids until the
following November. That is, the weaIthiest
the most enterprising, most powerful, most
industrious and thrifty nation on the
globe paid tribute to a small band of specula
tors for protection. And when the month of
November arrived these spectators withdrew
their protection, and then the Government
proceeded to issue another 800 900 900 of
bonds thus increasing the burdens of our peo-
pie. Now Mr.. Carlisle might have expatiated on
this and pointed out to the American people
the lofty character OF the statesmen involved
in these transactions; for, strange to saw
many of our intelligent people are utterly un-
able TO comprehend it, While Carlisle does
not seem TO have been much of a success in the
capacity of bunko-steerer among the laboring
men of Chicago, there are MANY points unon
which he could be very interesting, and |
would suggest that they bring him back and
let him talk about matters in which he is at
home.