Democratic Sentinel, Volume 20, Number 38, Rensselaer, Jasper County, 25 September 1896 — CARLISLE ON THE GOLD CONSPIRACY [ARTICLE+ILLUSTRATION]

CARLISLE ON THE GOLD CONSPIRACY

The Money Combination Denounced in 1878 as the Most Gigantic Crime Ever Known.

I shall not enter into an examination of the causes which have combined to depreciate the relative value of silver and to appreciate the value of gold since 1873, but T am one of those who believe that

they are transient and temporary in their nature, and that when they have passed •way or have been removed by the separate or united actions of the nations most deeply interested in the subject, the old

ratio of actual and relative value will be re-established on a firmer foundation than ever. I know that the world’s stock of precious metals is none too large, and I see no reason to apprehend that it will ever become so. Mankind will be fortunate, indeed, if the annual pioduction of gold and silver coin shall keep pace with the annual increase of population, commerce and industry. According to my view of the subject the conspiracy which seems to have been formed here and in Europe to destroy by legislation and otherwise from three-sevenths to one-half of the metallic money of the world is the most gigantic crime of this or any other age. The consummation of such a scheme would ultimately entail more misery upon the human race than all the wars, pestilence and famine that have ever occurred in the history of the world. The absolute and instantaneous destruction of half the movable property of the world, including horses, ships, railroads and all other appliances for carrying commerce, while it would be felt more sensibly at the moment, would not produce anything like the prolonged distress and disorganization of society that must inevitably result from the permanent annihilation of onehalf of the metallic money of the world. JOHN G. CARLISLE. Feb. 21, 1878.