St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-20
OPPOSE THE BOND ISSUE.
PROPOSED INJUNCTION BY LABOR
KNIGHTS AGAINST CARLISLE.
SECRETARY REFUSES TO TALK

Strong Sentiment Among Silver
Leaders Against the Gold
Clause In the Bond Sale-Rep-
resentative Tracy Says That
the Treasury Needs Gold, and
More Silver Is Not Wanted.
WASHINGTON, Jan. 19.-The Balti-
more dispatch announcing threatened
injunction by the knights of Labor
against Secretary Carlisle, to restrain
him from issuing S50,00o,c00 in bonds as
contemplated by him. was taken to the
treasury this afternoon and shown to
the secretary. Mr..CarlisIe merely read
the dispatch, but declined to say any
thing whatever on the subject for pub
licatiOn. Other officials of the depart
ment, TO whom the dispatch was shown,
were not surprised on learning its con-
tents. The feeling of the Knights of
Labor and of labor unions generally on
the question was known to be unfavor-
able, AS had been shown by the passage
of resolutions against it. The officials
were unit in the opinion that the sec
retarv had nothing more than tempo
rary delay to- fear from Injunction pro-
ceedlngs, and even this they did not
think in the least degree probable. The
secretary consulted the attorney gen.
eral. the law officer of the government,
and the president before issuing the
bond call. Applications tor writs of
injunction of. or mandamus against,
department officials are usually made
to one of the justices of the supreme
court of the District Of Columbia.
An appeal from a decision of the SUI
preme court of the district would be to
the district court of appeals, but in the
ordinary course of events could not be
heard by the higher court for several
months unless all order advancing it on
the
CALENDAR WE'RE MADE
From the court of appeals the case
might be taken to the United States SUI
preme court, if the Encouragement that
unquestionably would be met by the
enjoiners in the lower courts did not
cause them to cease their efforts. 1t is
believed no delay would be occasioned
ny tHOoO iCSoi PLOSSSoiheos oo S'Oi -
temporary injunction doubtless would
be denied. The Populists of the house
knew nothing about the Injunction
against the bond issue. jerry Simpson,
of Kansas, says he will have no hand in
it, but would be glad if it were true.
Representative Culberson, Of Texas.
chairman of the judiciary committee,
says there is no doubt of the power of
Secretary Carlisle to issue bonds for the
purposes of the resumption act. The
general opinion among the lawyers OF
the house is that the proceedings would
have no standing in court.
Strong sentiment is expressed among
the silver leaders of the house against
1.-THE guild clause" of Secretary CarIisle's
notice of bond SALE. Representative
Bland (Dem., MOI says that it is, the
first he has ever seen an official state
ment declining TO accept silver, OF any
of the various forms of legal tender, and
requiring payment in gold only.
.sThe standard silver dollar is a full
legal tender" said Mr.. Bland, ''and it
can be offered and received in payment
for these bonds. The act under which
the bonds are issued provides that they
shall be payable in coin. 1t does not
say gold coin. At the time of the act
the standard silver dollar was
FULL LEGAL TENDER,
so that it must be included in the mean
ing Of the word 'coin.'" ga $50 .a-
I Some of the anti-silver men take issue
with MIR. Bland Oh this point. They
say that the bonds are issued under the
resumption act of 1875. which provides
that bonds should be sold for s'eOin,"
but they point out that before this, in
1873, silver was demonetized, SO that it
could not be included in the meaning of
the word ''coin.'
Aside from the legality of the gold
clause. the silver men say it is against
public policy to make public discrimi-
nation against one-of the money metals
now in use, and that the. effect of the
secretary's action is TO tend to send gold
to premium and to disturb the parity
between gold aud silver COINS.
Representative Tracy (Dem., n. ",
one of the antisilver leaders of the
house, said: Secretary Carlisle wants
no more silver. for he already has in the
treasury much more than he wants.
What is needed is gold. 1t is fortunate
under these circumstances that the law
allows him to secure tine particular
metal he wants while the bonds are
payable in gold. yet in selling them the
secretary has the authority to secure
payment in any class of coin he needs,
as the express purpose of that law was
to give means of meeting the needs of
| the treasury"
| Some of the treasury department
officials have theory, which has been
| advanced
SEVERAL TIMES
| heretofore, and which is said to be
| shared by some of those who have a
| band in directing the affairs of the de-
| partment, that at this time :here
| actually exists no fund which can be
| properly termed the ''gold reserve"
| The so-called gold reserve, which was
| created by Secretary Sherman under the
| act of 1875 has been entirely wiped
| out by the redemption of United States
notes and treasury notes. for which pur-
| pose it was originally created. The re-
| demption of treasury notes alone, it is
| said, has been sufficiently large to wipe
| out the gold reserve, and the redemp-
! ton of United States and treasury
| notes together up to recent period
| has aggregated S149, 100000. This vast
! amount of notes has not been retired,
! but has been relsSued. But if this the
! orysis carried to it's legitimate conclu-
zion If iS held that the governments has