New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-25
CARLISLE,S LATEST IDEA.
tn re To "Tt,rNRIE-RIG" THE CURRENCY
AND FORCE SILVER INTO
CIRCULATION.
HE WORLD HAVE NEITHER GREENBACKS. TREAS
TRY NOTES OR NATIONAL BANK NOTES OF
LESS REORGANIZATION THAN $50.

Id '-'
TRY NOTES OR NATIONAL BANK NOTES OF
LESS DENOMINATION THAN $50
10y TELEGRAPH TO TIRE TRIBuNEl
Washington. Jan 2i-It is evident from the arsu-
ment submitted 10y Secretary Carlisle To TIE House
Committee Appropriations on Monday IN iaVor
of emitting from the Sundry Civi Appropriation Dill
the proviso which requires the secretary oil the
Treasury when United States notes are redeemed
and cancelled. 10 issue equal amounts IN the same
denominations. that his chief anxiety Is to force INTO
circulation an indefinite and much larger amount OF
silver certificates redeemabe only IN SILVER among
people of comparatively small means. whose pc
cunarv transactions are generally on limited scale
the wage earners. farmers ana small traiesmeh Oh
the couptryand TO reserve for the use Of banks and
other corporations capitalists. importers and others
whose pecuuiary transactions are large the currency
that is reieemahle in god coin. And yet II does not
annesr that he has exhausted the authority that h.
now possesses carry out this policy When silver
certificates Of large denominations are PAID INTO the
Treasury "a practice that he would IKE 10 stop he
has authority TO cancel them ana pay out an equal
amount in small denominations. and according to
his INTERPRETATION Of the law he also has authority
TO substitute for Treasury notes Of 1872 OF small
denominations paid into the National Treasury e1ua
amounts In notes II large denominations
On January % the total amount Of st. = and y
Treasury notes Of 1870 outstanding was SbiEf"fl'
and the total amount oi SILVER f'l ''''N'''
ing in denominations higher than 80 was NO3*ltio
or about $i2 GoOc In excess o. the total amount oil
Treasury notes outstanding In denominations less
than SO The tota; AMOUNT % greenbacks outsiand
ing on the same date in denominations lower IMAM
SO was So 232 9Ol making. together with the treas
ury notes u Ike denominations. an asgrtsats oil
NS35lG.Jg or about SDpN.o1 more than me to'a
amount Of silver certificates outstanding IN notes OF
Ike on the s1me aay sre~s@s and
standard silver dollars not covered 10y ceihcates 10
the amount Of sjs.,. all Of when IL VA, ~ o ong
In any denominations he might choose me io,A
amount Of Natona bank notes Outstanding IN 81, O.
nominations 4 81. s. and j. on January ~ wa" ~
9seqli and the Secretary II the Treasury strohsy
recommends hat these no,rs 40 n Snnna s
or in part by silver certificates ana IN part by S'''e
bank notes IT,. ,.,.
ey In onsr c T0raE nis ss sS in s. ami $
silver certificates redeein@D,e ony ~ sur an Ve"is
amount Of grcenbacks. Treasury notes and Ma
a ' ana non THIS change Would Increase the
total amount Of 81, 5? and s. silver ceriihcates IN
The Appropriations Committee that the daily cur
rcncy demands Of the "ountry FOR notes 81 less
as follows. Grccnbacks. ssiej.s75. Treasury notes
Silver certGcaics. sol iH.Gil Of course Il CON
gress shall adopt his accommodation a. 10 the
ton as well As all The Treasury notes OF u, and
substitute silver certificates Of go or lower denom-
iation 81 notes redccmable only In silver dollars %
y45 gssal. All the authority he Viii need TO Work
This transformation viii be the omission OF the
provlso that has been embodied In every Sundry
Civil Appropriation act passed In the last ten
wears Even without that omission, according 10
his Interpretation OF the la". he can Increase the
every lay circulation Of silver certificates IN de-
nominations under so oy the sum OF yQ2H 81. by
retiring and canceng the 81. s.. 8 and 80 Treas
ury notes "a they come into the National Treasury
ana Issuing notes In lieu thereof In denominations
OF 800 and upward.
Mr. Walker Of Massac husetts was asked what
he thought 81 Secretary carlislcs proposition and
he promptly replied. II am opposed 10 II and TO all
such 'small-bccr' tinkering with our currency
system Every time that the Secretary OF the
Treasury proposes and advocates a proposition
that does not go to the root Of the difficulty. he
increases the public distrust Of his ability to ad-
minister the finances of The country. The problem
10 be solved Is a great and intricate one. and one
that demands for its proper solution the best
thought and highest ability and most profound
study that can be given to IT, This 'small-h
thought Of the Secretary Of the Treasury when
so many bigger and moro important matters ought
10 and do demand his attention and command the
exercise OF his best judgment and highest abilities.
This currency question viii never be settled until
II IL properly dealt with AMI rightly settled. OF
course ! would like to gee every bank note and
every other form OF paper currency OF lower
denomination than s. retired and cancelled. but
that Is insignificant matter In comparison with
the great problem before the country. No, sir, !
nm opposed any and every proposition that does
not aim to deal with the whole question In a
comprehensive and proper manner