The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-02-10
POINT BY POINT
Carlisle's Views Drawn from
Him by Congressman.
Who Fire Question After Cues
fIOn at Him.
THE PUBLIC CREDIT
Must Be Maintained SOmeWay
Says Mr.. Carlisle,
lf There is No Money in the
Treasury.

treasury
WAsHINeroN, Feb 10.-Secretary Car
isles exact views and policy on financial
questions. including silver seigniorage,
bonds and finance Ia general, are set
forth and amplifed in an important doe
ument which reached the house commit
tee on judiciary today tits the steno-
graphic report Of Dir. Carlisle's secret
hearing before the committee, some time
since The testimony of this secret hear
ING shows the following.
Representative Oates Dem, Ala.)
asked-l want to ask you if there is any
objection to the proposition about coin
ing the selgnIOrage and Issuing certif-
Gates against thats
Secretary Carlisle-Weu. the effect Of
that would be that the secretary of the
treasury would issue silver certificates
calling for dollars when there were no
dollars behind them, and If they came ia
for redemption, as they might, the secre-
tary Of the treasury would be compelled,
I suppose, to use gold Or whatever else
he had to redeem them.
Alr Boatner Dem. La. Gould you
not coin the silver and use thate
Secretary Carlisle es. in about two
years; it would take about that time.
Mr. M. A. stone (Rep., Penn Have
you not enough silver to redeem it1
Secretary Carlisle no, sirs certificates
are outstanding against what we have.
except about S5,0O0,000 or S6,OOO.000
Dir. Stone What would be the objec-
tIOn to issuing certificates on account of
the seigniorager
Secretary Carlisle was going to
state that If we should issue certificates
with nothing behind them but bullion, I
think they would be greatly discredited
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