The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1893-11-09
A CORRECTION.
wrong Impression az 70 The Seienlcrs
ege Coinage.
Ahe Entire s.isnlorage OF aS3,eee,ooo
In the tt 'ss1ry Nilt net lie Pat Into
Circnl. tioa 1T Once An Issu-
mnc' a Eoras Is Inevitable.

WAsnfNo TON, Nov s-Therc seems
10 De god deal Of misrepresentation
rs to the meaning of the announce
ment mad, immediately after the adj
Joarnment Of congress that Secretary
Carlisle We aid at once resume the coin
age OF silv,r Many newspapers have
lntcrprcte this to moan that 1Ir.
Carlisle in ends TO coin ~ orc and put
INTO circu alton the entire amount of
'clGnloraG now in the treasury,
amounting to about Gity-thrcc million
silver doll rs
Sccretar. Carlisle's statement was
explicit G ough, it would appear, to
prevent E. IL a widespread lnisreprc-
scntation. What he has proposed to
do is 10 co So, coo, GO month, which
is the full opacity Of tho rn;nte, Of the
bullion no in the treasury OF this
amount, rproairaotoly onc-tlird or
about $40 GOO, would lie .cigniorace
This 81, CO.. COZ Of monthly sci.n;csage
can not l. :onc Il available asset of
the treas " under section 8 of ihe
Sherman t unit! it has been mintcd
Probabl, Secretary Carlisle ard III.
Cleveland re willing enough that their
policy sM ! be nlisin:errretcd, as it
has been. because they think it viii
tend 20 G eek tic drift Of Southern
voters aw: IRON the democracy 10 The
ranks OF ( Q populists. In this respect
the annou' cement Of renewed coinage
of silver 10 : Serve az Il good enough,
Morgan. Il Ill after the elections next
Tuesday. AS matter Of fact this
profit TO le treasury, amounting to
only 81, COO go month or ST., 600, 900
year, will = only onc-iif;h or perhaps
cnc-sixth .hc Threatened deficit at
the cad OF this fiscal year OF from GEO.,
600, coo to :? Geo ouo
From IL it is evident that I'm issue
Of bonds inevitable TIC way for
such an is !. has been cleared by the
opinion pr, pared last 'p:.ng, by Atter-
ncy Gcncr. Olncy, ;h:t the secretary
OF the ire sury has t:c ',cwcr 20 issue
bonds with at further authorization by
congress.
The only question row is whether
the admin ration can postpone bond
issue until tier cunprcsa he's come TO-
gcthcr in gular sessic" on December
1. If bond must be issued, as now
seems Cyl ent. tn" administration
would tiou, .lcss prefer to issue them
when the J. 1islativc branch Of the gov
ernmcnt i: in operation, even though
no further authorization by congress
be required This would give the prc5i-
dent the o. ,ortunity. if he so desired,
of placing re responsibility upon CON
gross by re ommcnding a bond Issue in
a message.
This wee will probably see renewed
activity on ;hc part OF the democratic
melubors O. the ways and means con-
mittcc in Gcir secret prepnr1 tiun OF
their tariff a;ll Chairman Wilson and
Secretary { ;rlislo have had many con-
situations ith President Cleveland az
to this me. urc during the past week.
In fact, for number Of days Secretary
Carlisle hns given scarcely any attcn-
ton TO tho conduct of the treasury de-
partmcnt, pending almost all Of his
time with the president considering
tho plan c silver coinage which was
announced nst week, methods to meet
the deficit 4 the trca srry and the gen
eral outlin' Of the tariff measure.
However secretly the ways and
means COZ m;ttec may conduct It's IN
tended sta: chNinlcr proceedings, pub
licity to Is, conclusions has been as
surcd by he adoption OF Mr. Reeds
amcndmen to Tie C"tchinSs re>o.u-
ton authc .izing TIE ways and incana
committee TO flc its bill and re-
port wit the clerk OF the
house dur ng tie interval between
now and he rcas.,crib.inC Of con-
cre,s on J., ,lcr I. If Mr.. Catchin3s
had been y emitted to have his way the
bill and re, crt prepared by tic major
ity of the onlnit.ec would net have
been rcvea 81 TO the country until re-
rortcd To .hc lcrse. Now, however,
the ma lori : bill and report. whom f;iad
with the rrI:, mast lie made known
to the repu ';can members Of the com
mittcc. vi,, will have ten Gays TO PFC
pare their .irority report.