The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-09-16
CARLISLE EXPLAlNSlT
With Free Silver the Parity
Could Not Be Maintained.
WOULD ExPEl {
GOLD.
Or Would Force r. 70 - HIgA . Prsm-
ium That Il Would Be Impoesi-
bic 20 Redeem II yer.

Carlisle has written the tollowtnx letter
on ths sgosect Of me maintenance OF ne
party nse ween goo ard silver
Bar Earoor Ne Sept - rts-Mr.
James ?. Hem. Louisville. Ky.-My Der
Sir foEr lestsr ASKING COW tae silver d.
lars which contain a quantity % suitoa.
commercially worth only g cents eara-
sr@ maintained Al q party wi.a gcat not
w8,asan6ing n. facs mat ne govsrr~vze-l \,
does not directly redeem them. o. ne
certificates issued upon hem. n goI. 3
received, and as great many Inquiries
upon ne same subject are addressed 20
ne daily rom GiTere1< paris az The coun-
~. which J, IS npraciicaoi. . answer
II .etal. 7 WI AXE the advantage OK
your favor 20 answer -1Arn g.! a. cnce
The standard silver dollars Issued rom
th4 lints since the passage % the act D.
1878 now amounting 10 more than A. aoo. =
coo. have been coined on pubic account
from bullion chased ey the government
an3 are legal tender IN payment o. al
deots. public and private. without regard
% ne amount except when otherwise
stipulated expressly il the contracts De-
tween The parties They belong 70 Ehs gov
eminent when co.ned and hey az pad
OBJ ~ the government a & parity ~ n
gold Tor property ana services OF al kinda
and received from The peop.s a; q ear.ty
wf-a gold u the payment OF al public
dues and demands. The government mas
made 10 1isclrn nation whatever between
re con. q tia two neta.s. god h.v-
Ing been paid apon It's con 90. cations
Esen gol1 was demanded. and silyAr aav-
iDg been PAID WAN silver aas demanded
Under his policy TIE coinage has been
50 limited 5y saT and he policy OF -
treasury department. that ne anoun.
Gomez has 10. become - great as %
drive the naors va.uab.A con gold. GU. q
monetary system. e13 So .org as the ~ ,
metals are u unequal commercial vo.uA
g.; ne rat-o established ~ AN. this lint
anon upon ne cora se IS. IN nay opinion,
acso-tsts.y essential. 20 t1s ma n eEance oe
their parity Il effectlng exchanges Il con-
satutes The principle Of a SAFE gcvS-nrIeE..
Tor the protection OF our currency
against the depreciation wa-ch ne expert
eace OF al ot1e- countries mas shown
would otherwise result from the aItesnp p:
- Use the twU le4zl ter1er SONS OF ehe
same denomination. but OF unequal value.
II The limitation were removed coE1i6encs
In ne ability OF the government . pre-
serve equality n the exenaugeab.e ve4us
o. Inc cons would De destroyed and ths
parity would De lost org before The
amour; OF sAyer coinage DAD bocoule r@a--
~ excessive.
Win free and unlimited coinage Of sill
YER oa account Of private individuals and
corporations. the government would be
uI1er 10 moral o-Igat4o1 % ralnsi-n the
parity. and moreover II ousd be unable
10 90 50. because the volume Of overall
Jed silver forced into the circulation ~
legal tender provision. would soon expel
the god from the country or 10 such =
premium (; that It would De impossible 20
procure and hold IN the treasury i sltti-
Client amount 20 provide for the EeGemp-
ton og silver on presentation. IN order
10 maintain the parity under such con4i-
lions. the government would De compelled
from tAs beginning 20 exchange gold for
silver dollars and their paper representa-
lives. whenever demanded. just as It now
exchanges gold for rs own notes when de-
ma aded. and. as the coinage OF silver
would oe unlimited, and therefore con-
stantly Increasing, a point would soon be
reached where It would be Impossible 70
continue the process Of redemption
tho Implied obligation OF the govern
meat 10 preserve the value OF the money
whicA il coins from ia owL bullion and
for its own Use and which /, forces IFS
citizens % receive n exchange for their
property and services. has been supple
rlsnle4 By TWO statutory decIar atloDs
which substantially pledge the public faith
10 The maintenance OF that policy. Tae
at o. July Il. NS9. after providing that
the secretary OF The treasury shoui3, I'm
As
scribe. redeem the treasury notes issued n
the purchase OF silver bullion n gold or
silver coin At HE discretion. declares that
Z IS the established policy OF The United
Ssa.es TO maintain the TWO metals on
parity with each other. upon tha legal
ratio or such rae,o as NAY be provided br
law. And the act OF November l. 1893.
again DECLARED Il to be The policy o. ire
Unlte3 States 70 continue the use OF both
20 ~ y a SrxN n
coin both gold and silver into money Of
eQual intrinsic and exchang ea he value.
such equality 10 De secured through inter
nation a. agreement. CT by such safe
guards OF legislation as viii insure the
maintenance OF the parity OF value OF the
coins OF The two metals. ant The equal
power O. every dollar Il, all times in the
markets and In the payment OF debts.
With knowledge Of these assurances,
The people have received these coias and
have relied confidently upon ne good
fats Of their government. and the con
sdence thIs inspired has 6eeu most
poten. factor n the maintenance Of he
public faith. The country has been satis-
res that - loug as our present none
tary sy stem = maintained. the govern
maut wll 10 Whatever IS mora oai ga
tons sHd express declarations require L
70 30, ard very largely as a consequences
q thls confidence II The gco6 faith - the
executive e4tn erltes. ~he silver >0ins have
not depraciatezI ln value Il IS not doubt
- Chat whAiever can os iawN1ly doua
70 maintain equality i1 the eXckau geAb -
ra-as O. tha tv-o metals VII De done
whenever &, De- comes ne-sssa~y as al
though silver dollars Rue silver ce-Iia-
Gates have nos ap go tae present time
ben receives tn ~ cAange for roi6 yet
- t1@ ETe shalt eyer roine aae. TIE gar-
lt1 ,sruot BE- rHsrR - sEa&G .alneG such