The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-03-19
CARLISLE FOR PRESIDENT.
HIS ANNOUNCEMENT WILL BE
MADE SOON-OLNEY DOES
NO DESIRE IT.
IN announcement FROM CLEVELAND
Is Expected Soon. Positively Declining
to Permit His Name TO BE Used.
Carlisle Clears Up Some 'Silycr"
Charges Against Him.

announcement 10 lnul cH'Cl WIZ Nv maui
by one of the secrctary's close friends
in the senate This announcement VIII
not be made until President Cleveland
has formally stated his purpose not to
permit his name to be used in the con
nection with third term. II is learned
on excellent authority that the president
has fully decided upon this course and
it is expected that he will make his de-
termination known within II short time.
Although Secretary Olncy has been con
sidered with favor by Democratic lead
ers, il is known that he does not desire
the nomination. 1t is undoubtedly true
that Mr.. Carlislc's candidacy will have
the support of Mr. Cleveland and the
members of the cabinet lie will 20
before the convention as the represent
alive of the ''sound money views Of
the administration. His friends, in con
Quoting the canvass for MIR. Carlisle, s
nomination, will urge that 1t be made
upon sound money platform and II
he be successful at Chicago, will then
make this issue prominent in the cam
paign leading up to the November clcc-
tons.
Representative Josiah Patterson of
Tennessee has received from Secretary
Carlisle the following letter III response
to ex-Speaker Crsps declaration that
silver had received unfriendly treatment
at the hands Of the secretary:
Treasury department; Office of the
secretary, Washington, March IL, 1916:
Hon Josiah Patterson, house OF repre-
sentatives: My Dear Sir-Iour favor
of February II was duly received and
ought to have been answered at once,
but the pressure of official business has
compelled me to delay response until
now You state that in II speech de
livered by Hon. Charles #. Crisp in the
house of representatives on the
tleman said lie (mcaning the see
rotary of the treasury refuses
to give silver for gold, because he must
hold the silver to pay the silver ccrtili-
Gates and Sherman notes issued under the
act of 1890, and when Il Sherman note
issued under the act of 1890 is presented,
he redecms il in gold and not in silver.
What mockery is this? What sort OF
friendly treatment is accorded silver by
this law and the practice that obtains
ut the treasury of the United StatesE
You ask me to state fully how you ~
have dealt with the silver currency since
your my incumbency of the Office of the
secretary of the treasury, and whether
you Cd have. in dealing with the subject,
discredted silver.
"In answer to your question, ! can only
say that in all operations of the treasury
department during my administration of
its affairs. the legal tender gold and sill
yer coins of the United States have been
treated precisely alike, except that great
or efforts have been made to keep silver
coin in circulation than have been made
to keep gold in circulation
1.-THE amount paid ont by the depart
oil nj iIs.ut lS
greatly exceeds the amount paid out i'll
gold coins and gold certificates, and in
no instance has the least discrimination
been made against silver or its paper rep
resentive. In no instance has silver or
silver certificates been refused in payment
of Il debt or demand due the government
and in no instance has the government
refused TO pay silver coins or silver GER
tilicates in discharge of its obligations
when the holders of the obligations de-
manded or requested such payment
When United States notes or treasury
notes are presented for redemption gold is
paid if it is demanded. and if silver is de-
manded silver is paid. Thus the coins OF
the two metals are treated exactly alike
in making payments by the government
as well as in the discharge of debts due Il
the government 1t has always been tn,
policy of the treasury department to en-
courage the use of silver to the larges
possible extent, and in order to accom-
plsh this standard silver dollars will b
sent by express ut the expense of the gov
eminent to any one who will deposit III
equivalent amount in silver certificates o
in treasury notes of 1890 with the Unite,
States treasury or any assistant treasur
or or with n National bank depository
and subsidiary silver coins will be sen
by express at the expense of the govern
ment to any one who will deposit wit
such officers or banks any kind of Unite
States currency or National bank notes
but gold is not sent to anybody free o
charge.
I'm August, 1895 there was n great an
unusual demand in nearly every part Z
the country for currency of small demon
nations and in its attempts to supply th
demand the treasury department paid OF
i'll defraying the expenses of the gO'
eminent and in exchange for other form
of currency, all the silver that could |
lawfully used for these purposes so til;
for short period il was compelled I
suspend payment in standard silver dc
lars except in the redemption of silv,
certificates and treasury notes of $50
The law authorizing the issue of silyt
certificates upon deposit of silver. pr
vides that "the coin deposited for or re
resenting the certificates shall be rctainC
in the treasury for the payment of san
on demand
ut is therefore plain that whencv,
the amount of silver dollars in the trca
ury does not exceed the amount of silv,
certificates outstanding the secretary
the treasury can not, without Il Violate
of law. pay out such silver except {,
the redemption of certificates. At sue
times he has no more right to eNchans
silver dollars for gold than he has to pa
them out in any other manner.
But there is also another fund in Il
treasury which is required to be held f,
different purpose. 1t consists of Il
bullion and the standard silver dollar
coined from the bullion purchased und
the act of July II. 1890. That act pr
vides for the purchase of silver bulliC
ut the market price and the issuance
treasury notes in payment for 1t, and
also declares that no greater or lc
amount of such notes shall be outstan
ing at any time than the cost of the silv
bullion and the standard silver dolla
coined therefrom, then held in the trc0
ury. purchased by such notes
Under this provision the secretary
required to keep in the treasury ut
times an amount of silver bullion nj
cost prices and in standard silver dollar
coined from the purchased bullion, e
actly equal to the amount of treasu
notes outstanding, and he can not ther
fore, lawfully use such standard silv
dollars except for the redemption and ca
collation. of TREASURY notes.