The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-11-03

Ffesent, on the sherman Act. Carlisle
Says the Statements Are without
Foundation.
Washington, November 2.-Secretary
Carlisle.has taken official notice.of the
speech of Senator Frye, delivered recent
ly in Massachusetts, in which he assert
ed Mr. Carlisle, when a member of the
Senate, agreed to Senator Sherman's 8
propositionato issue bonds at three per
cent to maintain parity of the United
States circulation with gold, but he su b.
seq uenty, after hearing the outcry made
by Bland and others, wrote letter
saying he "did not want that amend-
ment." Mr.. Frye, in commenting upon
this alleged action, said: when the
dear Lord made Mr.. Carlisle, He did not
put any more back bone into him than
He did in those He made next" Secre-
tary Carlisle has written letter on the
subject to Phineas Pierce, of Boston,
inquiring if Mr.. Frye's statements were
correct. Mr.. Carlisle says he understands
MIR. Frye and his statements as follows:
THAT the amendment offered by
Senator Sherman TO sundry civil appro-
priation bill in February, 1898, con-
tained provision that all out money
must be kept at parity with gold, or for
the redemption OF all money in gold"
2-Mr. Carlisle approached this amend
ment when it was under consideration in
the Senate committee of finance, and at
forwards caused it's defeat by sending a
teleg ram and writing letter in opposi-
tion in regard to it.
3-A fortnight after that time, Mr..
Carlisle, in an interview, said "We will
be Obliged to renew our money in silver.
This statement brought on panic and
caused millions and millions of gold
to be exported.
Carlisle says there is scarcely SEM
blance OF truth in any of these state
ments, except the one that he appeared
before the Senate committee on finance
when the Sherman amendment was un-
der consideration and recommended its
adoption. Ii Senator Frye had added he,
(CArEsle) had continued to approve it
and still approves it," he would have
told the whole truth upon that subject.
Mr.. Carlisle says the amendmentdid not
contain any provision requiring all our
money to be Kept at parity with gold,
nor any provision for the redemption of
all our money in gold, as asserted by
Senator Frye. The act Of 1875 authorized
LILO lSSuO VI JULIUS lOT bue puIQOS0 VI
providing for the redemption of green
backs, and according to the Sherman
amendment, the proceeds of the three
per cent bonds could be used in no other
way. ta
The act of July. 1890, authorized the
treasury notes issued in the purchase of
silver bullion in gold or silver coin, and
this has been construed to mean that he
might use, for that. purpose any gold in
fha frQa Gur A c 10 he
original bond provision of resumption in
full force,. and merely conferred additional
authority to issue shorter bonds bearing
lower interest Mr. Carlisle heartily favored
it. When the sundry civil appropriation
bill was returned to the House from the
Senate it contained more than 24J additions,
and the opponents of the bond amendment
threatened II that amendment was insisted
upon to defeat the entire bill by contesting
each amendment thus consuming time until
Congress would expire by limitation of law
and defeating.other important legislation.
Secretary Carlisle says he then examined
the statutes relating to the financial mat
existed to issue and sell bonds and use the
proceeds for redemption purposes. He
thereupon sent telegram to a member of
the committee on appropriations stating he
did not consider the anne ndmentof sufficient
Importance to justify the contest which
might result in the defeat OF the hill and
other necessary legislation. Nothing in the
telegram indicated the disapproval of the
amendment, and ne never wIcte letter on
the subject. AS to the other statements
of Senator Frye, Mr.. Carlisle says he never
gave out such an interview. In the only
statement given out by him on the subject
of redemption he said the Secretary of the
Treasury has been paying gold for coin
treasury notes issued for the purpose of sill
yer bullion and would continueto do so as
long as he had gold lawfully available for
that purpose. The purpose of the govern
ment was TO maintain the parity of the two
metals by all lawful means, and would not
be abandoned under any circumstances.
Afterwards the President made statement
to the same effect. The practice of paying
out gold to all who demand it has been con-
tion to the fact that after he became secre-
tary the gold reserve increased from about
Sll0., 1000 TO nearly sos, ,O0O,O ,O00... He says it
was difficult to find any. Justification for
Senator Frye's statement that anything
said or done by him (Carlisle) caused the ex-
portation of gold from this country.