The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-11-03
CARLISLE ON SILVER.
He CorrectS Some Statements
Made by Frye.
The Secretary Is a Gold Man, and
That Is All There
IS to Ii.

WASHINGTON. Nov. 2-Secretary Car
Isle to-day wrote the following. having an
important bearing on the political and
financial situation, to Phineas Pierce Of
Boston, Mass:
Your telegram Inquring whether or not GER
tain statements made By Senator Frye in recent
speeches are corr CT was received this morn
ing, and embrace the very earliest opportu-
nifty TO reply. AS l understand the statements
made by that Senator in an Interview published
about year ago. and very recently in speeches
delivered AT Wilmington. Del, and at MelrOse
and Maiden, Mass, they are substantially as
follows:
First-That the amendment offered by Sem
atnr Sherman to the tsundry civil appropriation
bill in February. 1893, contained a provision
that all our money must be kept at II parity
with gold. or, stated IN the ilmngtun
speech, for the redemption of all money In gold.
SecOnd-That l approved this amendment
when IL was under consideration in The Senate
Committee on Finance. but afterward caused
its defeat in the House Of Repre- sentatives by
sending a telegram and writing a letter in Op-
position 10 il.
Third-That ga fortnight after that" l gave
an interview in which ! said, 1--WE will be
obliged o redeem our money in silver" and
tha' this alleged declaration brought on panic
and caused millions and millions of gold 10 be
exported.
There Is scarcely the sembance OF truth In
any Of these statements, except the one that
personally appeared before the Senate Com.
mittee on Finance when the Sherman amend
ment was under consideration and recon-
mended its adoption, ana If Senator Frye had
added that l continued TO approve tnaf aud
stl approve 1t he would have told the whole
truth upon that subject.
Further o. the Secretary says: eff the
Sherman amendment had been incoIpo-
rated into the appropriation bill il would
have been later one than the act of July
4. 1890, and serious question would have
arisen whether il did not so limit the use
of the proceeds of the bonds authorized by
ii as to prohibit the redemptionn GOLD
of any obligations except old United
States notes.
However this might have been, the
amendment left the original bond provi-
sion of the resumption act in full force
ard merely conferred additional authority
to issue shorter bonds bearing a lower rate
| of interest. L was heartily in favor of it,
and SO Informed the Committee on Finance
and all others who consulted me upon the
subject.
''In regard to the third statement OF
Senator Frye" added the Secretary, 81
desire TO say most emphatically that !
never gave out such an interview at any
time or place"
In conclusion the Secretary says
"These two statements were intended to
mean, and do in fact mean precisely the
same thing as evidence of my determine
tion to redeem all United States notes
and United States treasury notes of 1890
in gold.
II have only to refer to the facts, which
are well known, that on the same morning
the statement was published gold was
being promptly paid to ali who demanded
it, although the reserve had fallen below
$780, coo, 900, and that this practice has been
continued without Interruption ever
since"
etntc noAo frno L. e..