The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1894-09-18
N MORE v
Secretary Carlisle's Letter to Represen.
tative Heard.

WASHINGTON, Sept. 13 Secretary
Carlisle has written the following letter
to Representative Heard, of Missouri,
under date Of September 10th:
DEAR SIR:-Referring to our personal
interview this morning, / have the
honor to say that the minis of New Or
leans, Philadelphia, and San Francisco
are engaged in coming standard silver
dollars from the bullion purchased un-
der the act of July IA, 1893, commonly
known as the Sherman IaW. During
the month of July $430, 900 were coined,
and during the month of August $685.
600. About the same amount will be
coined during the present month Sep
tember), and thereafter such amount
will be coined as the Secretary may
consider advisable under the circum-
stances.
The third section of the act of July
IA, 1894, provided that the Secretary
of the Treasury should coin each month
into standard dollars 5000, 600 ounces
of the silver bullion purchased under
the provisions of hat act until the first
day of July, 1891. and that thereafter
he should coin the silver bullion puf-
chased under the provisions of the act
as much as might be necessary to pro-
vide for the redemption of the treasury
notes issued IN payment for the bullion,
and that any such gain or seigniorage
arising from such coinage should be
accounted for and paid into the treas
ury. The coinage issue going on is done
under the authority conferred by this
section of the law, and the seigniorage
derived from it is paid into the public
treasury, as required by law, and used
for the ordinary purposes OF the gov
eminent; but the remainder of the
coins are held in the treasury, in order
to provide for the redemption of the
treasury notes issued in payment for
the bullion.
During the last eleven months 8, 970,-
747 standard silver dollars, coined from
the bullion purchased under the act of
July IA. 1890, have been paid out in the
redemption of treasury notes, and the
notes SO redeemed have been retired
and cancelled. This process is still 60
ing on daily.
Prior to my connection with the de-
partment no silver had been paid out
for the redemption of such notes, and
no such notes had been retired and can
celled. Very respectfully yours,
JOHN G.. CARLISLE.
This letter officially makes known
that since the first of July over a mil
lion and a half silver dollars have been
coined, and that the coinage OF silver
is being continued at minis at the rate
of nearly a million dollars a month,
says the Washington CORE spondent of
the Baltim Ore American 1t is not
difficult to understand the purpose Of
this resumption of the coinage of silver.
When Representative. Oates, of Ala
bama, was making his campaign, for
4 AA0 NNzovvaO CaoHS~ 1E that Gkn<n norOSv1oh
the Populist Kolb, he found the strong
est obstacle in the way Of Democratic
success was the anti silver policy Of
the Democratic administration. It was
impossible to convince the farmers of
Alabama that President Cleveland and
Secretary Carlisle were not gold bugs'
in the face of the unconditional repeal
of the purchasing clause Of the Sher-
man act, and of the veto of the bill to
coin the seigniorage. Mr.. Oates ap-
pealed to Secretary Carlisle to demon
strate that the Democratic party was
favorable to silver. Mr.. Carlisle fur
nished the most demonstrative proofs.
He ordered the coinage of silver dol
lars, slowly at first, and as quietly as
possible. The new silver dollars were
sent into Alabama, and the farmers Of
Alabama were convinced that the De-
mocracy was still true to silver. To
all inquiries from various sources as to
the truth of the statement that the
treasury had resumed the coinage of
silver dollars Mr.. Carlisle vouchsafed
no reply, and his letter to Mr. Heard,
which was sent out to that gentleman
last night, is the first official announce
ment Of the fact.
The overwhelming victory of Cover
nor Oates in Alabama has evidently
convinced Secretary Carlisle that the
resumption of silver coinage is a good
thing politically. From the letter it is
evident that the coinage has been stead
lily increased from less than half a mil
lion at first until as stated, the present
rate is nearly a million a month. The
Carlisle letter is, of course, intended
principally for political effect in those
districts where the Democratic can
didate finds himself pressed by the
Populist opposition. Mr.. Carlisle has
evidently been convinced that the De-
mocracy has no prospects worth nurs-
ing in the East and the North, where
his letter will give ~theedeepest offence.
It is hardly necessary to say that Mr..
Heard, like all the other Democratic
candidates for Congress in Missouri, is
running on a free silver PLATFORM
Richmond Times.