The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1898-04-02

Carlisls's "axioms" with reference to |
money, which it has ever held as un-
disputable arguments against the free
coinage of silver. They are:
"There is not free-coinage country
in the world today that is not on sill
YER basis"
There is not gold-standard coun-
try in the world today that does not
use silver as money along with gold."
There is not silver-standard coun-
try in the world today that uses any
gold as money along with silver
There is not a asilver-standard cnun-
try in the world today where the labor.
ing man receives fair pay for his days
work.
These "axioms" might have be
submitted as convincing argument in
1895, but they are stale now. for the
financial question has assumed rather
different phrase from what it pre-
sented two years ago. The republican
party has not only to defend the single
gold standard and oppose the free
coinage of silver, but it must explain
To the people at large what benefits
they may expect from contraction of
the currency as proposed by the Gage
nil, which is nothing short of ali effort
to take some $500. .000,000 of paper
money out of circulation. and supplant
..L Lao
In the campaign of 1896 the republi-
can party argued that the enactment
of d free coinage law would contract
the currency of the country by driving
all .he gold out of circulation. and thus
make money too scarce for the require
ments of trade, but now that party
proposes to accomplish like end by
driving out of circulation one-thlrd
of the money of the country. In this
event, the same sJate of affairs with
reference to wages would exist here
as Mr. Carlisle's "axioms" say exist in
silyer-standard countries. Those coun-
tries have low per capita circulation.
and as result every product OF labor
commands low price, just as it will
in the United States in case the Gage
bill is enacted into law. " henever
the circulating medium is reduced one
third. as the republican bill formulated
by Secretar Gage and endorsed by the
administration, would do, the pric,. of
labor must fall in like proportion, 80
in case of this measure being enacted
the laborers would be reduced to a
worse state than those of the inferior
natiot of the world.
The Oregonian seems not to realize
that its party has entirely changed
the condition of the money que estion.
and that the issue is no5 now free sill
yer alone. but battle to prevent a
further contraction of the curr .ncy by
retiring the greenbacks and all other
paper money except National bank
notes. The silver advocates are still
firm in their conviction that free coin
age is desirable. but they also realize
that the welfare of the nation is |
threatened from another 8 'urce, and |
that while they continue to clomor for |
free coinage, they must alsD fo"tify |
themselves to prevent the demOnetiza- i
tion of one third the money now in !,
circulation, as is proposed by the re-
publican measure now before congress, !
and which will become a law whenever
that party shall get control of both !
branches OF congress. Therefore is !
sues have materially changed since !
1896 and the Carlisle "axiOms" are ap-
pile ,ble now only TO the silver side of
the question. for proposed gold legis-
lation tends to bring this country tx-
actly tn the state which Mr.. Carlisle
asserts exists in the silver standard
of the world-re iuced circu-
lating medium and low compensation
for labor.