The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1893-05-27
CARLISLE ON SILVER.
The Secretary of the Treasury Again
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The Secretary Of the Treasury Again
Clearly States His Position
WASHINGTON, May 24.-There seems
to be still some uncertainty in the pub
lie mind as to what the actual views Of
the secretary Of the treasury on the
silver question are. 1t can be stated
that the personal opinions Of the secre-
tary of the treasury upon the silver
question are here stated with exact.
ness. A friend recently asked Mr.. Car
lisle whether he was in favor of the
free coinage of silver or not. His an.
swcr was:
The answer to your question depends
largely on what you mean by the free
coinage of silver. If yon mean the policy
urged by many, under which the govern
ment of the United States would be com
PEELED by law to receive aS cents worth
OF silver bullion when presented by the
owner and coin it at the expense Of all
the people of the country, aud compel the
people by law to receive the coin rs the
equivalent to 100 cents, my answer is that
! am not now and never have been III fa.
vor of IT.. l stand now where
and 1 stood together in 1875, when
the so-called "Biand-Allison bill" was
passed by congress, under which the
secretary OF the treasury was required to
purchase and coin monthly not less than
S2,O0o, 600 nor more than "a, COO, 900 worth
OF silver bullion. When that bill passed
the house of representatives it provided
for the free and unlimited coinage OF the
silver dollar, but after 1t went to the sem
ate Mr.. Beck offered anamendmcnt which
provided that the secretary Of the treas
ury should purchase at the market price
each month not less than $4,000, 600 worth
of silver bullion, or as much more as
could be coined at the mint, the seignior-
age to be passed INTO the treasury. and
whenever the bullion could not be pur-
chased at less than par with legal tender
notes any owner of silver bullion might
deposit it for coinage on the same terms
as gold was deposited.
My position upon this subject is briefly
this: am opposed to free coinage of gold
or silver, but in favor of unlimited coin
age OF both metals upon terms of exact
equality. No discrimination should be
made in favor of one against the other,
nor should any discrimination be made
gold or silver bullion, as against
the great body of people who own
other kinds of property. believe that
gold and silver bullion should be treated
exactly alike in the mints of the United
States; and that is u dollars worth of
Euld SnOulu DC COlneu INTO gold dollar,
and II dollars worth of silver should be
coined into y silver dollar, and if no
charge is made for the coinage of one
then no charge should be made for the
coinage of the other.
The secretary of the treasury is Of
the opinion that the demands of the
silver plank Of the democratic platform
cannot be met unless the metal in gold
and silver coin is of equal value to the
coin, while the bullion form for coin
age in his view adds nothing to the iu-
trinsic value of the metal He does
not think that either gold or silver coin,
excepting subsidiary coins, will again
enter very prominently into actual use
in any great commercial country, and
that they will serve only rs basis for
the issue of currency. 1t is his opinion
that shouldb be used in the currency
either by increasing the value of the
silver in the dollar coin, or by an inter-
national agreement on ratio. Secre-
tnry Carlisle is probably not now pre-
pared to fix the exact ratio which he
considers best calculated to maintain
the parity between gold and silver al...
to do justice to the United States. He
has always been in favor of an interna-
tional monetary conference and he
still hopes at the coming conference
progress may be made upon an inter-
nationalra ratio. These, unquestionably,
are Secretary Carlisle's personal views
upon the silver question.