The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-06-14
SIC. CARLISLE ON SILVER.
He Talks Freely Regarding the
White Metal.
MANY FIGURES ARE GIVEN.
Silver Dollars Coined In Eighty.one
Years Ending in 1878.
The Amount of Silver Now in Actual Cir.
culation and That Which Is stored
in the Treasury Vaults
His Conclusions.

WASHINGTON, June 13.-A represen-
tative of the Associated Press had chat
today with Secretary Carlisle about the
silver situation. In the course of the
conversation the secretary said that from
1892 to 1873, period OF eighty one years,
the total amount OF silver dollars coined
was SIS, 045, S3S. In 1873 coinage was
stopped by action of Congress, but was
resumed in 1878 under the Bland-Allison
act, under which, up to July IA, 1890,
something over twelve years. there was
coined 1913, 1876, 1893; also from trade dol
lars So, 07S, 472, and from seiniorage of
bullion, 1854, 100, making an. aggregate
of $3.50, 1886, 374, in full legal tender silver
money issued by the government since
1878.
OF this amount only S5s,016, O1e were in
actual circulation the first day of the pres
ent month, the remainder being held in
the treasury as part of the assets of the
government, represented by outstanding
certificates under the act of July IA,
1890. there has been coined S29, 408. 461.
which makes the total coinage OF silver
dollars since 1878, aggregate $419 294, S35,
as much as during the previous eighty
one years.
In addition to this coinage the secretary
has purchased under the act of July IA,
1890, and now holds in the vaults of the
treasury uncoined, 124, 292, 1872 fine ounces
of silver bullion, which cost the people
of the United States STA, 299, 900 and is
worth today at the market price of silver
SOB, All ,086. thus showing loss
OF $40, $685. S4. By the terms OF the act
the secretary was required to pay for all
silver bullion by the issue of new United
States notes payable in coin, and that
upon demand of the holder of such notes
they should be redeemed in gold or silver
at the discretion of the secretary, 1t being
in the language of the act, the established
policy of the United States to maintain
the two metals on aparity upon the pres
ent legal ratio or such as may be provided
by law. In execution OF this declared pol
icy of Congress it is the duty of the secre-
tary when necessity arises, to redeem the
obligation in such coin as may be de-
manded.
The records of the treasury department
show that during the thirteen months be-
ginning May 1, 1892, and ending May 81,
1893, the coin treasury notes issued for
the purchase of silver bullion under the
act OF July IA, 1890, amounted to
period the amount of such notes paid in
gold was SAT, 745, 173. 1t thus appears
that all silver bullion purchased during
that time, except S2.216, oil worth, was
paid for in gold, while the bullion itself
is in store in the vaults of the treasury
and can neither be sold nor used for pay
ment Of any kind of obligation.
sit is evident'' said the secretary,
s'that if this policy is continued and we
are compelled to issue bonds, or other
wise increase the interest bearing public
debt, it will be done. for the purpose OF
procuring gold with which to pay for
silver bullion purchased under the act re-
ferred to.