New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-22
TO FORCE USE OF SILVER CERTIFICATES.

To FORCE USE OF SILVER CERTlFlCA LES.
CARLISLE DESIRES AUTHORITY NOT TO REISSUE
GREEHRACKs OF SMALL DENOMINATIONS.
Washington. Jan. q (speciaD-The Secretary OF
the Treasury appeared before the House Committee
on Appropriations to-day and submitted an argu-
men, In favor Of the omission from the Sundry
civil bill OF the usua! proviso that part Of the
money appropriated for the support Of the Bureau
OF Engraving ana Printing shall b. expended for
printing grcenbacks Of higher denomination than
those retired AMI cancelled II this il done the
Secretary II he should choose. might refuse % re-
issue any United States note OF lower denomina-
ton than so 800 or NeD The object he has in
view. OF course. l. 10 force into general circuia-
ton silver certificates OF denominations lower
than so by closing the door against the reissue OF
81 and $40 United States notes. On November ~.
1894 the total amount OF 81 greenbacks outstanding
had fallen to Sis5.JjJ. and the total amount OF
81 notes 70 s2.sl4527. on the same date the total
amount OF Sc greenbacks outstanding was S0,5hsls.
and the total amount ~ so greenbacks sS.Ho3S.
The total amount; outstanding In denominations
lower than so. therefor. was ND.iG2s Gnaklng
no allowance for notes destroyed, or about % per
cent Of the total greeuback circulation. On the
same date the total amount OF silver certificates
outstanding in denomlnai lions lower than 50 Vas
s2E I3l,ss Distributed a. follow one 1 or ~
the same time there was outstanding In denomlna-
lions OF so and above - D'. 'ls Of which amount
Appropriations did not insert In the suniry Clyil
bin reported 20 the House Of Representatives the
usual proviso forbiiing the issue ~ grsenbacks Of
higher denominations than those retired ana can
ceei Whether an attempt 10 Insert II VIII he
made either Ia the House ne senate remains
10 be seen. In his annual report "A Secretary OF
the Treasury for the year ls1s Mr.. Sherman said;
Heretofore the Treasury IN the disbursement 81
currency has paid out bills OF any denomination
desired In this way the number Of bills Of less
denomination than & IL determined by the demand
for them. such would appear 10 b. the true policy
after January !. II has been urged that with
view 20 plac. In circulation silver coins. no bills
OF less than s. should b. Issued Il would seem -
be more Just and expedient not % force any form
OF money upon public creditor but 70 give him
the option ~ the kind and denomination The
convenience Of the public In this respect should BE-
consulted The only way In which moneys 81 az.
ferent kinds and intrinsic values can be maintained
In circulation at par with each other Is by The
ability when Kind is Va excess. readily 10 eN-
change for the other. This principle II applica-
bic 20 coin. well 20 paper money Ia TINS
way the largest amount OF money Of different knls
can be maintained at par the different purposes for
which each II Issued making demand for H. The
refusal or neglect 10 maintain 'ht' species -
deInptlon Inevitably effects the exclusion from crcu-
lat,on Of the most valuable. which thereafter he
comes "A commodity bought and sold az premium.