Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-08-21
IS HIS TRUMP CARD
SEN. VOORHEES, s0MERsAUlT
Ne Ahxsdss.s Hh f.ifstime Convictions
Ga riAS thr Hand OF the
Administrators.

WssaIseTox. Aug. ae-In an article
sra.isi The Present. Situation.- which
he Washington Post makes the most
sfominenf feature IN today : issue. u
hys;
~fha free eoinazs q silver at ratio
u twenty % one or az any Increased
fati0 - practically impossibie.
This 10 the trump card which Sen
stor Voorhees, Il % play IN the senste on
tuesday. Ii h behind this barrier that
te - % iatrench himself This u % be
his explanation Tor abandoning the con
vicfions u lifetime; thss - 10 be bis
snsger 10 tho-s who viii quote against
kim his memorable speeches IN the past.
This trump card las been played n
tenatof Voorhees, hand D. The admins
tfation. Secretary Carlisle. who. despite
All assertions o. the contrary. n loyal 10
the president o. the last dcgree, first
gave % senator Voorhees, verbally the
data a. make goosf this assertion that
free cosnags i imprscticable. He has
gone further than this. endhas prepared
an elah..Fsts letter which the senator
will read ia the senate on Tuesday. In
fhis letter the statement IL uis<le that 10
viii cost the country between slf2Ooo.-
90 and slI3ooo0oo 90 carry out the
proyisions u senator Vests free coinage
bin
IL = true that there Is nothing In
senator test's about rccoinage. But 10
does not need a prophets vision 10 know
that dpllars below par. which only the
gosernDent - compelled To take, vii
drift with alarming rapidity into the
treasury IN payment of customs dues
and taxes. and there they viii remain.
adding to the congestion q the cur
rcucy. Unless they can be rccoincd
they viii - useless a money. aud II
there - % be free coinage at an in
creased ratio. some Il the silver tinan-
cicrs IN the senate must provide the
secretary Il the treasury with over $780,
O10o0 10 execute the Law.
Altogether. IL would seem the silver
men were involved 10 a situation from
which it will be difficult for them TO ex-
tricate thomsclvck
Carsisle's Letter.
The letter of Secretary Carlisle. re-
ferred % In the foregoing. IL as follows:
TEEAsCRs DfPAKTMENT.
OFsICE OF ThE SEcRETARY.
waSRtsoroS, u. C.. August 10.
IIon. Mr. Voorhees,:
DEAR Referring 70 our conver-
sasion relative % the probable ccss Incl
dent to the change from the present
coming ratio betsFeen gold and SILVER Il
O. Is Tor the standard silver dollars and
4 20 lig6 for Subsidiary silverlto ratio
Of o. -. Jon ass. respectfully informed
that the number % silver dollars coined
since 1873 aggregates fl9..gs2.s5o
Without any allowance FOR abrasion
and tosa incident 10 melting the same
the coin value % these dollars. az ratio
% "a -. would be srka. - lGsi. or fsf.-
lies iess than their present face
value.
To recoin these dollars af ratio of
O. ~ would require the addition OF ST..
.fIe. zoo ounces q new bnllion. which at
tie average price paid for silver under
the act - July IA. is9o s0.9s25l would
cost s15. sSj. 7O0
In addition to this. I estimate that
.here would be loss from abrasion and
III the melting - these dollars Of at least
tkOooUol. which amount. together with
the difference in the face value of the
coios - li01Se dollars would have 10
bo reimbursed 10 the treasury by an ap-
pr0priation Tor that purpoee.
From the fact that the silver dollars
are distributed throughout the country,
IL u0ud De necessary as they are re
deemed af the ssveral sub treasures 10
transport o. the Mats and the expense
n transportation for e-no00o.OoC. the
amount outside % the stock on hand
AZ The sub treasures and mints at Phil
asielphla. San Francisco and New Or.
leans would average at least l y per
cent. OF 81 AouUo
cost &C Rccoinagc.
I. therefore estimate the cost ~ re-
colninE The silver dollars already coined
a. follows.
>se ftliiion - - aided .....s IS s~3 10
Los - aisselan sud melting 5Hu.ooo
tn~t ef coi1exr llaoor. material.
etcf -+.- .t..+s...........--.. e.&H.eo
Cort~r for aiisiy iy.............. $50
TfsnsIosfatiea of dollars 20
,uiass .................s..... s.5oo. go
Total ...--. .-....-. -. al 30
The stock q subsidiary silver coin in
= "a..I