Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-06-16

brought out statement from Carlisle
as 10 the critical condition OF the
treasury NJ tue time the syndicate con.
uac' was made; the inct was, lie said,
that the treasury had reached n point
where there were gold certificates out.
standing Tor which 1t had no gold coin
10 meet them. lie had never state
tue iact before.
suppose you never contemplated
paying In siiveI2" Inquired Nesi, Tho
tccfuiafy replied that the present pgll.
cy Of paying In gold had been followed
sO long that he uid not consider 1t er-
ptdieut o. depart from II at a. tune Vi
emergency.
Plat inquired as to the cufreui to.
ports that Carlisle at one time con.
templated paying In silver, but thst IL
had come 10 the ears OF the President,
who sniJ II must not be- done.
Carlisle ssid he had heard OF these
tumots End the statement that the
PfeSidont had oveftulst him. There
was not word Of truth ia II. He re-
leffed incidentally TO sOms talk with
N.st AZ 10 silver payments,
"D0B't you remember" said Vest,
'thSt In that conversation with me
you aaid thai ip the event Of reaching
the limit Of the gold reserve you had
Que remeay available, nSmoly, 10 use
tno option 10 pay In silver, ami that
you would uOiti N ~ was not for the
provision as to maintaining the pan.
ty7n
Carlisle said no thought ihia view a.
TO pafiiy expressed he views, although
fF#.
Then At TAT timr," rursuei Vest.
"HOn did not claim that gold pay.
ments were In pursuance OF tue policy
established by Secretary E0st IL"
DO you remember Ahu,hor CONVEX.
saiiOn,' continued Vest, "in winch
YOU told me that you hgd seen tue
President and that lac felt that when
noidcr u q gteoubsck demanded
GOLD ne was entitled to ~"
81 recall 10 SUCH cOnytuaiiUD," Au.
swofod the secretary.
cana that" continued Vest, "he
(iho PfehiueutD had called "a cabinet
meeting for next mofning2"
Carlisle Fnid It would be no violation
OF cabinet cOnldcuce to say thai tue
question never came up NJ a cabinet
meeting.
After further examination Carlisle
was oxcu,ed and the COMMITTEES took
fecoss until $3.50, whom Assistant soc.
Rotary Curtis was examined rapidly
anu pOiuttdly by Vest. Curtis said he
had gone to New York by direction of
Carlisle before the syndicate bond con.
tract was made, to ASCERTAIN the temper
Of the situation. lie had visited bank.
eTs, officials, etc, etc.
"Did you expect u get the temper VI
tho situation from bankef12" asked
Mfr. Vest.
The assistant secretary answered
that no had talked with men NJ tie
clubs and with Mr. FAitchiid and Mr.
Stewart. Hts flfsl specific instructions
from Mt. Carlisle were, "GO aud see
Mt. Belmont" Mr.. Belmont showed
him uniavOrablo cA0logramH from
Europe.
Mr.. Vests questions indicated suf.
prise that Belmont should be negOtia-
ting with Europe before Mt. Curtis
had htrivgd.
Morgan promised 10 do tho best no
could. Alta later meeting al MorgAu's
house, arranged by telephone message
between New lOfE anu Washington,
the two gentlemen told him they
could get gold abroad ara sell my
millions Of bOnds inute at u, (mssninx
the interest raIe). ThuIo was no
definite proposition. 1t was under.
stood Nr. Curtis would telephone Nor
gan from this treasury at 3 O'Clock
next day A. TO whether ths general
plan had been approved. Ho telephon-d
Morgan that u messenger would carry
a letter TO him that night. Tue letter,
which was from Carlisle, said the In
,erest rate was too high. Tho two
flnancioTs then came 20 Washington,
Belmont calling on Carlisle aud MOr.
gan on witness. Morgan said II was
urgent for the government TO act
quickly IN order 10 he able TO continue
itslpoliey Of gold payments. MT. Stet-
SOU camo over with Mr.. Morgan.
Thursday morning Morgan, Stelson
aud Curtis drew a contract,tbe witness
debating and Morgan and StoIson
making occasional suggestions, IL
was then submitted 10 Carlisle ans
Olney, who made some changes, after
when II was signed.
Thursday J. Piorpon, Morgan,