Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-09-20

iiverance. !t win be found that he has
Internationally pointed out In powerful
snd convincing manner the absolute ne
ceSsity for the restoration OF silver 10 It's
ancient place alongside OF gold as pri-
mary money-money OF final payment
and redemption.
Mr.. Carlisle says. further: THE govern
ment has made no discrimination what
ever between the coins OF tho two metals
gold having been paid on its coin obliea-
tions when gold was demanded, and Sill
YER having been paid when silver was
demanded"
He states only one half OF the case.
Tho government has Disseminated be-
tween the coins OF the two metals. ana
the Secretary boldly proposes In TINS
letter 10 further discriminate between
them by redeeming full-payment legal
tender silver dollars with gold dollars.
Tho discrimination commenced In october.
iSqi under Charles Foster. Republican
Secretary OF the Treasury under Harri-
son. The act OF July IL, 1890 known
as the Sherman acO. under which
the Treasury notes were issued
provided that such notes SHOULD De re-
deemed by the Secretary OF the treasury
In gold or silver coin, AT his discretion.
This option thus reserved TO the govern
rnGnt WIS lDI lHt IiVANNN'Sf - -
surv. and II was an effective protection,
as is shown By the fact that there was
no gold raid prior to October. lSyl. IL
vas generally believed that the govern
ment would project itself. as do the gov
ernments Of France and Germany. by
exercising the option TO redeem these
Treasury notes in silver. and hence no
body presented them for redemption; not
one was presented prior to October H.
1891. But Secretary Foster wrote TO the
Republican Club OF Massachusetts on
october TO- 1891, that he would redeem
them in gold, and from that time the
Treasury raids began. The first note was
presented at the Sub-Treasury in Boston
on the very morning on which tho Sec
retary's letter was published in that city.
Mr. Foster meekly surrendered the gov
ernments option, turned the Treasury
over to gold spectators, and the carnival
began. Mr.. Carlisle meekly followed
in the steps OF Mr.. Foster, and the pace
grew faster and faster, until within
space of two years the government had
been forced to issue s262 10000 OF Inter-
est-bearing bonds to keep up the gold
reserve of s1OO.oO0O00; and that, notwith-
standing the fact that Mr.. Carlisle him
self has decided (as quoted by Senator
CockrelD that there is no law on the
serve shall be maintained.
Had the Treasury Department exercised
the option to redeem these notes in sill
yer. all this mischief would have been
averted. The silver dollar was intended
by Congress as the faithful watch
dog Of the Treasury; the Secretary kicked
him out and appointed in his place the
gold gamblers The people have seen
the result.
So Mr. Carlisle is mistaken when he
says that the government has not dis
eliminated against silver. The record Is
vouched in the above statement, and that
tells a different story. The blame cannot
be wholly shifted TO the shoulders of the
creditor who demanded gold. He did not
force an entrance 10 the Treasury. In
the first instance; the government opened
the door and invited him In.
Respectfullv. JOHN LAMB.
Richmond, Va, September II, 1896.