Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-03-17
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treasury for the payment of the same
ON demand"
u ia therefore plain that whcnnyer
the amount OF silver dollars IN tho
treasury does not exceed the am slnt
OF oliver certificates outstanding the
srcrctnry Of tho treasury cannot with
out n violation " law pay out such
silver except for the redemption or GER
tIfcnteA At euoh 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 " also another fund In
the tronaury which In required TO DO
held for n different purpose IL coh-
slsts Of the bullion and the standard
silver dollars, coined from the bullion
p,mcharcd under The act OF July ~.
1880 THAT act provides for the pur.
chase OF silver bullion at the market
princ and the Issue OF treasury noter
In nuyment for It. and II also denlarea
tiint mo greater or less amount Or
such notes shall be outstanding az any
time than the cost Of the silver bullion
and the standard silver dollars coined
thorcfrum then held In the treasury.
purchased 10y such notes.
Under this provision the secretary
Ia required To keep In the treasury at
all times IN amount OF silver button
at SIS cost price and In standard silver
dollarn coined from the purchased hul.
| non fNltliN wynn " AH' bihN'itA ~
trcaBury notes outainnding, and ha
Cannot therefore lawfully wre such
| standard silver dollars except FOR inc
! redemption and cancellation OF treas
| ury notes.
NV letter to the United States sen
nto upon which Mr. Crlap's ntatnment
/ aeoma to have been based was writ
ten ON the nth day Of August. 1898,
and at That time there was no free
! silver In the treasury that W. there
were no STANDARD silver dollars IN tho
treasury except such M the law re-
1 auirea 10 be held for the redemption
OF silver certificates, and the treasury
notcs OF 1900 and tlicnc assumptions
| were made Mt all times durIng that
| month, aud every other month when
these forms OF currency were pre-
I scented. -.
During tho month Of Augutt. 1897.
| treusurv notcn TO the Amount OF si,2ia,-
eJ7 were redeemed In silver and can-
oelibd md since me nfet aav OF Aug
4 ust. 1892. the total hnount of ouch
notes redeemed In tilver and oancet'rd
IL sia53373e.
Prior 10 my ADMINISTRATION o. tnc
| nffairn of tho denaI'iwent more or tn-,r
nutca had been redeemed In silver pr
cancrilod Since the beginning n Shin
administration nearly Nlo,elD,p9o N
gold has been procured In csuhnigc yer
other forms Of currency. or thts
amount H,'lb,Nls nus p''h W. ~. y. !,
| .xchnnpe for silver coin, aud SO, ~ ~
in exchange for silver certificates The
department has never refnrcd to ek'
change silver for gold wien u had sii-
yer that could be lawfully used FOL. ti,at
purpoge. and u Il had refnsed. ! sin
Wholly unable 10 SEQ now y cn"io "
considered discrimination against
silver. Is a rstDsnl 10 pay out gold for
silver discrimination against roldf
n not, IL OF course follows ihnt refuH-
al To pay out silver for gold " mol q
determination against silver, In re-
snonse 10 votlr verbal inquiry concerns
inr The coinage OF rtanda>i silver
dollars during the present hhministfp :
lion We arr advised that II amounts e
the sum of 50 Gssooo up 70 the 18TH Of
thls month, while the whole amount or
smcn dollnra roined Ia this country
from the osinbilHiment OF the mint IN
i7ps ~ 10 February. 1878. = period OF
sigbty.ris years. was fso3ncoo