Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-08-04
PATTERSON DRAWS SOME CONCLUSIONS
he Sees an Argument in Favor OF silver
in the TreAsurer's statement-says the
Treasury is Hostile TO silver.


in the Treasurer's statement-says the
Treasury is Hostile TO silver.
CHICAGO, August 3.-In an inter-
view this evening with Hon. Thomas Nj.
Patterson, OF Colorado, he said:
"To-night's dispatches give the de-
nial to all of the charges made by the
single gold standard press, to the effect
that silver is an unpopular money, and
that it lies piled up In the treasury at
Washington without any demand.
~. s. Treasurer Morgan has given
out that no more silver certificates will
be issued by the treasury department
for the present as the limit prescribed
by law has been reached.
what he means is that there are
900. 600, 600 standard silver dollars and
certificates representing them In active
circu alton doing the business OF every
section of the country.
There is not a silver dollar left In
treasury that can be issued because
there are silver certificates already is
sued and outstanding representing
every one of them.
"The Treasury Department says that
Lut ItuuCtlUu III LuN hhl WI VI N'''~
dollars In the treasury has been brought
about by recent large demands for
these dollars from the South to move
its crops and pay off its farm hands.
"There is also, according to the same
dispatches, an immense demand in New
York for silver certificates of small de-
nominations which the treasury is un-
able to supply for the same reason that
prevents it sending silver dollars TO the
South.
These statements carry with them
two lessons; one showing that the peo-
pie are in no wise averse to silver
money or its representative, the silver
certificate, and that owing TO the process
of withdrawal by timid money owners
there is a dearth of currency OF small
denominations which might be readily
removed il the Treasury Department
would but coin into silver dollars some
part Of the large amount OF silver bull
lion now in the treasury.
This extraordinary fact should be
well considered by Southern members
of Congress before they succumb to the
demands of President Cleveland with
reference 10 dnll-SllNeT reg iSldIIOu'
"The same dispatches tell us that the
one hundred million dollars gold re-
serve has been fully restored with but
little danger Of being reduced below
that amount in future.
"Also that there are six or eight MIL
lions of gold lately arrived here aud on
its way from Europe. 1t was the sill
YER purchasing clause OF the Sherman
at that drove gold from this country a
month ago; it must be the operation OF
the same law that brings IL back.
The truth is there is no ground for
either claim. The gold goes and comes
under laws aud through transactions In
which the Sherman law plays no ap-
preciable part
III the Treasury Department was not
so hostile to silver and determined to
give it no chance until aftes Congress
has acted upon the Sherman law Secre--
tary Carlisle would listen to the cry
that is coming up from the South for
more silver dollars and supply their
wants by coming the Treasury bullion,
which he has a right to do.
"If he would do this, lis confessed by
the treasury, it would relieve the pres
ent demand for money in the South,
and furnish money it is anxious to
obtain"