The great West. [volume] (St. Paul, Minn.) 1889-18??, 1894-01-26

these bonds. The act under which the bonds are
issued provides thar they shall De payable in COIN
Itdoes not say gold coin. At the time of tho act
the standard silver dollar was full legal tender; 80
that it must be included in the meaning of the
word coin"
Some OF the anti-silver men take issue with Mr..
Bland on this point. They say that the bonds are
issued under the resumption act Ut 1875, which pro-
vides that bonds should be sold for coin but they
point out that before this in 1878, silver de-
monetized so that it could not be included in the
meaning of the word "con." Aside from the legality
of the gold clause
THE SILVER MEN SAY
it is against public policy to make public disclm
ination against one of the money metals now in
use and that the effect of the secretarys action is
to tend to send gold to premium and to disturb
the parity between the gold and silver coins.
Legal Grounds of the Attack on the
Bond Issue.
Dies Mc1NEs, Iowa. Jan. 19,-General Master
Workman Sovereign was by the Associated
Press reporter tonight regarding the proposed in
junction proceedings against Secretary Carlisle.
ut may be good deal like mouse tackling lion,"
he said to the reporter "but going to do it,.
the secretary of the treasury from issuing bonds in
the sum of $50, OO0,0OO or any other amount, Mr..
Sovereign said, will be drawn here by Judge Cole
and sworn by Mr.. Sovereign and sent to Washing
ton to be filed in the United States circuit court of
the District of Columbia the first of next week. IT
was thought at first that Mr. Carlisle could be en-
joined in the circuit court here, but it found
later that the Injunction proceedings must be begun
against the person defendant at his domicile.
Washington being the home Of Mr.. Carlisle, the
suit has to be brought there Tonight Mr.. Sover-
eign sent dispatch to Senator Allen of Nebraska,
asking him to make the oral argument in the case
before the federal court in Washington. He will
receive answer tomorrow morning. He said to-
night he thought the Nebraska senator would do it,
Mr.. Sovereign and his attorneys deny that Mr.
Carlisle has the authority to issue the bonds claimed
The following specifications are made by the
persons seeking the injunction against the bond
issue:
There is nothing iu the law providing for re-
serve fnnd at this time in the United States treasury
of $1O0 600, 900. There is no provision in the law
for any special reserves construed by the present
government. The fact that the secretary of the
treasury is to offer for sale d greater amount of
onds than the socalled legal indicates that
he is not Offering them for the purpose of redemp-
t'On and It further shows that ne has not offered
them for sale for any Of the purposes specified in
the law of Jan. IA, 1876 (the resumption act) The
secretary Of the treasury has authority to offer
bonds for sale for any purpose. There is deficit
the United States reserve fund for the silver at
present in the treasury is than double the so
called deficit in the so-called legal reserve.
'There is no such thing special reserve,
legal or otherwise" said Mr.. Sovereign provided
for anywhere in the federal statutes There 10
nothing in the law providing for reserve of $780,.
100000 at this time, any than there is a pro-
vision for reserve Of 500 100000 The government
claims to be about to issue the bonds under the cot
of 1875 to replace deficit in the reserve; yet it has
offered for sale an amount of bonds double the
amount of the very deficit it claims that it must re-
place. It's claim is not reasonable, consistent hon.
est. Now propose to force action, so to speak,
enoining the secretary of the treasury from making