The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-03-17
Letter from the Kentucky Statesman
to Mr.. Patterson That In Intended
to Appease Certain Democrats.
NEW YORK CITY PRIMARIES
THOMAS c. PLAT.r SUCCESSFUL IN
MOST OF THE DISTRICTS.
Mckinley Second Choice OF Prospec-
tive Delegates-Erfe County Not
Unanimous for Morton.

WASHINGTON. March ls.--Secretary Car
Isle is candidate for the presidential
nomination at Chicago and a public an
nouncement TO that effect will soon be made
by one of the Secretary's close friends in
the Senate. This announcement, however,
will not be made until President Cleveland
has formally stated his purpose not to per-
nit his name to be used in the convention
in connection with a third term. IL is
learned on excellent authority that tho
President has fully decided on this course.
and il Is expected that he viii make known
his determination within short time Al
though the Secretarys name has been con-
sidered with favor by Democratic leaders.
it is known that he does not desire the
nomination 1t is undoubtedly true that Mr..
Carlsle's candidacy will have the support
of Mr. Cleveland and the members OF the
Cabinet. lie will go before the convention
as the representative OF the sound money
views Of the administration. His friendss
conducting the canvass for Mr.. carlisle's
nomination, viii urge that it may be upon
a sound money platform. and. IL he be sue
cessful at Chicago. viii then make this
issue prominent in the campaign leading
up to the November elections
Representative Patterson. OF Tennessee
has received from Secretary Carlisle the fol-
lowing letter in response to ex-Speaker
crisp's declaration that silver had received
unfriendly treatment at the Secretary's
hands.
MY Dear SIr-Your favor OF Feb. II was
duly received and ought 10 have been
answered at once. but the pressure of off,
cial business has compelled me TO delay
speech delivered by Hon Charles +. Crisp
in the House OF Representatives on the
18th day of February that gentleman said:
refuses 10 give silver FOR gold because he
must hold. the silver 20 pay the silver
eerticates and @ sneTman d hsn NOES sbsrsn nasr se
issued under the act OF 1890. is presented
be redeems IL in gold and not In silver.
treatment is accorded silver by this law
and the practice that obtains at the treas
ury OF the United StatesT And you asl<
with the silver currency since your (my)
incumbency of the office of Secretary OF the
Treasury and whether you. Cd have. in
dealing with the subject, discredited sil-
TREATED PRECISELY ALIKE
"In answer to your question. / can only
say that in all the operations OF the Treas
ury Department during my administration OF
its affairs the legal tender gold and silver
coins of the United States have been treated
precisely alike, except that greater efforts
| lation than have been made TO keep gold
coin in circulation. The amount paid OUT
| by the department in silver coins and silver
| certificates greatly exceeds the amount paid
| out in gold coin and gold certificates, and in
| no instance has the least discrimination been
made against silver or it's paper representa-
| tive. In no instance has silver or silver GER
| tificates been refused In payment Of a debt
| or demand due the government, and In
| instance has the government refused 10 pay
| silver coins or silver certificates In discharge
| OF its obligations when the holders of the
| obligations demanded requested such pay
ment. When United States notes or treas
ury notes are presented for redemption gold
| is paid IL IL is demanded. and II silver is de-
manded il is paid. Thus the coins of the
! two metals are treated exactly alike in max
as in the discharge OF debts due TO the gov
ernment.
| Treasury Department TO encourage the use
| of silver to the largest possible extent. and
in order TO accomplish this standard silver
| dollars Will be sent by express at the ex-
pense of the government 10 any one who
| will deposit an equivalent amount In silver
certificates or in treasure notes OF 1880 with
| the United states Treasurer any assistant
| Treasurer with national bank depos-
| itory, and subsidiary silver coins Will be
ernment 10 to- any one who viii deposit With
| such officers or banks any kind OF United
States currency or national bank notes: but
| gold is not sent TO anybody free OF charge
! ''In August. 1893. there was great and
! unusual demand IN nearly every part OF the
| country for currency of small denominations.
| and In its attempts to supply this demand the
| Treasury Departments paid out In defray-
| ing the expenses of the government and In
| silver that could be lawfully used for these
| purposes, so that for short period IL
silver dollars except in the redemption of sIl-
yer certificates and the treasury notes OF
| 1880 The law authorizing the issue of silver
| certificates upon deposits OF silver provides
| that the coin deposited for or representing
| the certificates shall be retained in the
treasury for the payment of the same on
1'1 A SACRED FUND.
1T is therefore. plain that whenever the
| amount OF silver I'm the treasury does not
exceed the amount Of silver certificates out
| standing the Secretary OF the Treasury cam
not, without violation OF law. pay out
| such silver except for the redemption OF
| certificates. At such times he has no more
| right TO exchange silver dollars for gold
than he has to pay them out In any other
manner. But there Is also another fund In
the treasury which is required by law to b
| held for a different purpose IL consists OF
the bullion and the standard silver dollars
coined from the bullion purchased under tho
| act of July IA. 1890. That act provides for
the purchase OF silver bullion at the market
price and the issue OF treasury notes In pay
ment for IL. and IL also declares that no
be outstanding at any time than the cost
OF the silver bullion and the standard silver
dollars coined therefrom. then held I'm the
treasury. purchased by such notes. Under
this provision the Secretary Is required 10
keep in the treasury at all times an amount
Of silver buliion, at its cost price. and In
standard silver dollars coined from the pur-
chased bullion exactly equal 10 the amount
OF treasury notes outstanding. and he
not. therefore, lawfully use such standard
silver dollars except for the redemption AID
cancellation OF treasury notes
My letter TO the United States Senate.
on which Mr.. Crisp's statement seems 10
have been based, was written on the nth
day OF August. 1898. and at that time there
WAS free silver i'm the treasury that iH