New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-17

0! unrestricted immigration. The time has certainly
restrict those immigrants
CARLISLE REPLIES TO CRISP.
THE SECRETARY EXPLAINS A FEW ELE-
MENTARY FINANCIAL PRINCIPLES.
He TELLS ONCE MORE WHAT THE POLICY
OLE THE ADMINISTRA ALTON Has REEN

IN A LETTER TO REPRESENTATIVE PATTERSON
He TELLS ONCE MORE WHAT THE POLICY
OF THE ADMINISTRATION HAS BEEN
AS TO THE USE OF SILVER.
Washington. March 16-Representative Patterson
or Tennessee. made public to-day the following let
ter. which he received this morning from Secretary
Carlisle:
Treasury Department Office. of the Secretary.
- Washington, March 16. 1895.
To the Hon. Josiah Patterson House Of Representa-
Dear Sir: Your favor of February II was duly re-
eeived, and ought to have been answered at once,
me to delay response Until now. You state that
IN speech delivered by the Hon. Charles i. Crisp in
the House of Representatives. the lath day Of
secretary of the Treasury refuses TO give silver for
Yer certificates ana Sherman issued under the
act of 1890, and when Sherman note issued under
and not in silver What mockery is this? What
sort of friendly treatment is accorded silver by this
Of the "q United s "a' obtains al the treasury
Ana yoq ask me to state fully how you % have
cumbency of the office OF Secretary of the Treasury
jec;, dscredited silver ' wan ''' D'
In answer TO your question can only say that
during my administration of its affairs the legal
tender gold and silver coins Of the United States
have been nss alike Se eScR y that
Circulation than have been made TO keep gold coin In
The amount paid out by the Department in silver
coins and silver certificates greatly exceeds the
ana in no instance has the least discrimination beer
made against silver or Its paper representa- tive In
refused IN payment OF debt or demand due the
Government. and in no instance has the Govern
Gates in discharge OF its obligations when the hold
ers of the Obligations demanded or requested such
payment When United States notes or Treasury
notes are presented for redemption gold Is paid IL It
he a he fyNn eat Cd
exactly alike in making payments by the Govern
the Government.
1t has always been the policy of the Treasury De
partment to encourage the use of silver TO the arg
standard silver dollars will be sent by express at the
expense of the Government TO any one who Will de-
post equivalent amount in silver certificates
II Treasury notes Of 1890. with the United States
National Bank depository and subsidiary silver
Government to any one who VIII deposit with such
officers or banks kind of United States currency
or National bank notes but gold Is not sent to any
In August 1893 there great and unusual de-
rency OF small denominations and in its attempt to
supply this demand the Treasury department paid
the silver coin thai couii he 9wfilly used for these
PEELED suspend payment in standard silver dollars
fs sasy n0es OF M he S aW the
of , SILVER cn npn qePoss OF
ing the certificates shall be retained in the Treasury
dollars in the Treasury does not exceed the amount
me Treasury cannot. without a violation of law.
pay out such silver EXCEPT for the redemption OF GER
exchange silver dollars for gold than he has to
pay them out in any other manner i a.. ruo,e,,-,.
which is required by law % be held FOR a different
purpose 1t consists Of the bullion and the STANDARD
under the act Of July A. 1880 That act provides for
IL,
and also declares that mo greater or less amount
IL The @Ga of The ee Sun Al the @ s
yer dollars coined therefr3m. then held In the
proSs6 he secreaTy Is Teqnred to keep in the
IreasuIy at all timtS an amount ,, OF silver ouon
from the purchased bullion. exactly equal TO the
amount OF TeaIs nptes n ana pc G
dollars except FOR the redemption and cancellation
My letter to the United States Senate, upon which
MAR r,e d AUGUST II q a nnSe At that m
there was no free silver In the Treasury; that Is.
ury except such as the law required to be held for
the redemption OF silver certificates and the Treas
at all times during that month and every other
month when these forms OF currency were present
to ns hs mont" Of 81 M
| silver and cancelled and since August !. 1888. the
oa Is g. or % s
the sa Alters arn Of the S se or IF
Since The BEGINNING OF this Administration nearly
XlO.GD.CD in gold has been procured IN exchange
for other forms OF currency OF this amount is,s5
| Sl2 has been procured in exchange for silver coin
and slOS2933O in exchange for silver certificates.
The Department has never refused silver for gold
when il had silver that could be lawfully used for
that purpose and II II had been refused l am
wholly unable TO see how 1t could be considered a
discrimination against silver. Is refusal 10 pay
out gold in exchange for silver discrimination
against gold2 II not. IL, Of course, follows that
refusal to pay out silver for gold il not discrim-
| nation against silver.
In response to your verbal inquiry concerning the
coinage of standard silver dollars during the pres
Administration you are advised that II amounts
TO the sum Of s5652.1o up to March 10. while the
whole amount Of such dollars coined In this country
from the establishment of the mint. In 1892. up TO
| February. 1873, period Of eighty-sx years. was
| s., $780,
/ inclose herewith copy Of my letter to the
| United States Senate referred TO above. Very
| truly yours. j. q. CARLISLE
The Treasury gold reserve at the close OF busi-
| ness to-day stood al $l2754.12 The Withdrawals
| for the day amounted to $4,000 There yet re-
mains to be paid In on account OF the recent bond
| 0.ln( M In srol1