The daily morning journal and courier., 1894-11-03
CARLISLE TAKES NOTICE.
H1 MAKES 4 REPLY TO TIE SPEECH
 OF SENATOR FRYE.

H1 MAKES 4 REPLY TO THE SPEECH
 OF SENATOR FRYE.
 There is Scarcely Any sembiance of Truth'
 So He Declares; to Any of tho Statements
 Made, Except Ons-Ths Gold Reserve
 Has Inoresssd.
 Washington, Nov. l-Secretary Car Iisle has taken official notice of the speech of Senator Frye. delivered re- gently In Massachusetts. in which he asserted that the secretary when a member of the senate had agreed to Senator sherman's proposition to issue bonds at per cent. to maintain the parity of the United States circulation with gold. but that he subsequently after hearing the outcry made by Bland and others. wrote @ letter say ing he "did not want that amend ment."
 MT. Frye, in commenting upon this alleged action, said that when the dear Lord made MT. Carlisle he did not put any more backbone into him than he did into the eel hemade next.
 Secretary Carlisle has written a let ter on the subject to Phineas Pierce at Boston, in response to a telegram from the latter inquiring if MT. Frye's statements were correct. Mir. Carlisle says that he understands MT. Frye's statements were substantially as fol- lows:
 CD That the amendment offered by Senator Sherman to the sundry CIVIL appropriation in February, 1893, con tained "a provision that all our money must be kept at parity with gold" or flor the redemption of all money In gold"
 CD That MT. Carlisle approved this amendment when 1t was under con- sideration in the senate committee on finance, but afterwards caused It's de feat in the house by sending tele- gram and writing @ letter in opposi- ton to It.
 (3) That within a fortnight after that time MT. Carlisle in an interview sad: we will be obliged to redeem our money in silver" and that this al- legged declaration brought on a panic and caused millions and millions of gold to be exported.
 MT, Carlisle says there is scarcely the semblance of truth in any of these statements, except the one that he ap- peared before the senate committee .5 on finance when the Shrman amnd- mnt was under consideration and rec, commended It's adoption, and If Senator Frye. had added that he (Carlisle) con- tinued to approve it and still approves 1t he would have told the whole truth upon that subject.
 MT, Carfisle says the Sherman amend ment did not contain any provision re auiring all our money to be kept at a parity with gold. nor any provision for the redemption in gold as asserted by Senator Frye. The act Of 1875 authorized the issue of bonds for the purpose only of providing for the re-. demption of greenbacks and according to the Sherman amendment the pro- ceeds of the proposed pr cent. bonds could be used in no other way. The act of July, 1890, authorized the secre-. tary of the treasury to redeem treasury notes issued in the purchase of silver bullion, in gold or silver coin. and this has been costrued to mean that he might use for that purpose any gold in the treasury As the amendment left the original bond provision of the resumption act in fullforce and merely conferred additional authority to issue shorter bonds bearing lower interest, MT. Carlisle heartily favored 1t. When the sundry civil appropriation bill was returned to the house from the senate contained more than 240 amendments and tn opponents of the bond amend ment threatened If that amendment was insisted upon to defeat the entire hill by contesting each amendment thus consuming the time until congress would expire by limitation Of law ana defeating other important legislation.
 MT. Carlisle says he then carefuiiy ex- amined the statutes relating to nnancial matters, and concluded that authority already existed to issue and sell bonds and to use the proceeds for redemption purposes. He thareupon sent 8 tele- gram to mmber of the committee on appropriations stating that he did not consider the amendmen of sufficient inn portance to Justify contest, which might result in the defeat of the bill, and other necessary legislation. Noth- ing his telegram indicated disapproved of the amendment, and he never wrote a letter on the subject. As to the third statement MT. Carlisle says he never gave out such an interview. In the only statement given out by hi mon the sub- feet of redemption he said that the secretary of the treasury had been pay ing gold for the coin treasury notes issued for the purchase of silver bull lion, and would continue to do SO as long as he had gold lawfully available for that purpose. The purpose of the gov ernment to maintain the parity of the two metals by all lawful means would not be abandoned under any circum-9 stances. Afterwards the president made statement to the same effect. The practice of paying out gold to all who demand 1t has been continued ever since.
 MT. Carlisle calls attention to the fact that after he became secretary th. enid reserve increased from about $101, ,0O0, 900 to nearly $1oe. .0Oo. 900, and during the five months preceding his qualification
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