The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1895-03-30
kkFuIISG FALSE CHARGES.

The reputation of man of IN. n
CA''i'lss worth and talents, ought to
Os sufficiently valued aud respec,.S
.O' people Of his section, for Dana.
erA'a 10 accept what ia tru. and
honorable of him, rather thar ,h.,
which is untrue aud disparagiDg
henee the TINES reproduces wbs, hs
mas said IN bis own behalf concer.inv
'ne charge of Inconsistency upon Tia
'user Issue. The following is a letter
70 MI sse'e of LOudOn county, Va:
Ine extract quoted BY you is taken
,rem a speech delivered by nae In ~.
s; United States House of Representa-.
:. Tvs IN the spring of 1873, lust before
Tue passage Of the Bland Allison biII
which provided for the purchase and
coinage of not less than $4,000, COO
"or.n Oh silver bullion each meath
a. that time the silver dollar had
oeen dropped entirely from the Unitsd
states coinage and was not a LEGAL
1enaer :. ior any amount exceeding IS.
|. was therefore, substantially demon
e'lzed' except as subsidiary coin and
you VIII therefore, observe that /
spoke OF the consequences of a tet.l
destruction Of silver as money metal
II mas been quite common practice
~ ana out Of Congress, during the last
Two years, In order TO create the i'm,
preston that | was at that time In
iavor of the free coluage of silver. al.
'nougA my opposition to that policy
was clearly aud distinctly stated IN
tne very speech from whlch the ex.
tract Is taken. By separating a few
sentences from their coutext, and
iiiogically assuming that because |
was opposed to the absolute destruc.
uen OF silver as a money, I must
oe IN favor of its free coinage, tho
advocates OF deprecated currency
ana their sympsthizers have sue
ceeded to some extent, in Imposing
upon the confidence of the people
In many parts Of the country. l
have never made speech or written a
line In favor of the free coinage OF sill
yer, nor have | ever been in favor of
the total destruction of silver as a
money metal. l have always believed
IN as largo use of silver In our mon-
etary system as was consistent with
preservation Of sound currency and
the maintenance Of the public credit.
My opinion is that whenever the coin
age value Of metal, whether It be
gold or silver, Is greater than the in.
trlnsic or commercial value of the bull
lion contained in 1t, the coinage of that
metal, II 1t Is coined at all, should he
on government account only. This 10
the only way in which the coinage of
the deprecated metal can be retained
within safe limits, so as to maintain
equality In the purchasing power Of
the two kinds Of coin. In my opinion,
1t is not within the power Of the Uni
ted States or any other government,
under existing conditions, to establish
and maintain any permanent ratio be-
tween gold aud silver, aud an attempt
to do SO would Immediately drive the
coins Of one or the other metals out Of
circulation. If silver should be under
valued by the coinage laws, it would
cease to circulate as II did during the
great part Of the time prior to 1873,
aud If gold should be undsrvalued Ii
would cease to circulate. This has
been the uniform experience in the
past, and there is no.reason to suppose
that 1t would not be the experience in
the future
Very truly yours,
j G. CARLIsI.E.