Mr. Cleveland has, it is said, nailed his colours to
the mast upon the question of currency. Mr. Carlisle, his Secretary of the Treasury, on Tuesday delivered a speech to three hundred of the leading business-men of New York, assembled in the Chamber of Commerce, in which he expressed the President's views in most definite form. He believed a sound currency essential to prosperity, and attributed the fact that London was the banking-house of the world mainly to the pound sterling. To make the United States as prosperous, it must be settled, once for all, that every creditor was entitled to be paid in gold or silver at his choice,—which of course means that gold must be the single standard; and silver only paid at its market value. The speech was rapturously received; and is said to have made such an im- pression that it will affect politics.
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