The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1894-10-02
coIN1NG MORE V
Secretary Carlisle's Letter to Represen-
tative Heard.


tative Heard.
The following appeared in the Rich
mond Times on Sept. 14th and was re-
produced in this paper the next week.
It is so good that we republish it:
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, l 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, 1890, commonly
known as the Sherman law. During
the month of July $430, 600 were coined,
and during the month of August $72S,-
0C0. About the same amount Will be
coined during the present month (Sep-
tember), and thereafter such amounts
will be coined as the Secretary may
consider advisable under the circum-
stances.
The third section of the act of July
IA, 1890, provided that the Secretary of
the Treasury should coin each month
into standard dollars 5000, 900 ounces
of the silver bullion purchased under
the provisions of that act until the first
day of July, 1891, and that thereafter
he should coin the silver bullion pur-
cased 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 ac-
counted for and paid into the treasury.
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 ri required by law, and used for the
ordinary purposes of the government;
but the remainder of the coins are held
in the treasury, in order to provide for
the redemption of the treasury notes
used in payment for the bullion.
During the last eleven months 8, $780,
TAI 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 go
ing on daily.
Prior to my connection with the de
partment ne 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 @. 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 ia
being continued at mints at the rate of
nearly a million dollars a month, says
tho WaGhIn Otnn 0nrRc6nnnHont nf tho
B lltimore American. It is not difficult
to understand the purpose of this re-
sumption of the coinage of silver. When
Representative Oates, of Alabama, was
making his campaign for the Governor
ship Of that State against the Populist
Kolb, he found the strongest obstacle
IN the way of Democratic success was
the anti silver policy of the Democratic
administration. 1t was impossible to
convince the farmers of Alabama that
President Cleveland and Secretary Car
Isle were not ''goldbugs" in the face of
the unconditional repeal of the pur-
chasing clause of the Sherman act, and
of the veto of the bill to coin the seig-
niorage. Mr.. Oates appealed to Secre
tary Carlisle to demonstrate that the
Democratic party was favorable to sill.
yer. MIR. Carlisle furnished the most
demonstrative proof. He ordered the
coinage of silver dollars, slowly at
first, and as quietly as possible. The
new silver dollars we're sent into Ala
bama, and the farmers OF Alabama
were convinced that the Democracy
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 announcement 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
hon 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 candi
date finds himself pressed by the Pop
ullst opposition. MIR. Carlisle has evi-
den ly been convinced that the Democ-
racy has no prospects worth nursing
IN the East and the North, where his
letter will give the deepest cffense. 1t
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, Dem
1t is hardly necessary to say that the
above would never have appeared in
the Richmond Times, a goldbug sheet,
butt for the purpose of giving somebody
a stab under the ribs.