The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-09-24
CARLIsLE'S PARITY LETTER
Discussed by Chairman Faulkner in ar,
Adverse Vein.

;. Washington, Sept. 1G.-The letter pub.
iislled this morning from Secretary Oar
ilsle to a gentleman in Kentucky explain.
lllg now the parity is maintained between
gold ana silver is the subject of much,
ooilllleht ut democratic headquarters.
thurman Fanlkner. in an interview.
alleges there has been Il reversal of tho
treasury department in regard To the re-
demption of silver dollars in gold.
=, Inc feature of the letter provisioning
the most comment is as follows:
III Is the duty of the secretary of tho
treasury and of all public officers TO exc
cute Ill good faith the policy declared by
congress, and whenever lie shall be salts
ned that the silver dollar can not be kent
eqmal IN purchasing power with the gold
dollar except by receiving it in exchange
for, the gold dollar, when such exchanse
that course" "''p'
senator Faulkner expressed his regret
mat the secretary of the treasury sbond
nave announced policy which invites 70.
depreciation IN our currency and will Mt.
once encourage the gold spectators and
money lenders of the country TO addi-
tional raids upon our gold reserve, with a
view or forcing our government to con-.
tlnue issuing interest bearing bonds to
carry out the policy suggested in the let
".
| shall not comment upon the reasons
winch these gentlemen holding the views
OF Mr. Carlisle have as to whether the
silver certificate and the silver dollar
have today in this country the same mr.
chasing powers as the gold dollar, but I
can not refuse to express my absolute
dissent from the policy announced by Mr..
| carlisle as the one which will govern the
| treasury IN reference to redeeming silver
| cprtiiipu tpg and cninoJ silva, J,IIou, H..
gold.
Ihe senator quotes from letter re-
ceived by him from the secretary on Au-
| gust ~, last, in the course of which he
says the department has never been cnlbs7
upon to redeem silver dollars in gold
which shows, the senator says. that ''the
holders of silver certificates or silver dol
lars have never entertained the opinion
that the contract on the face of the Ger.
tihcates,, which expressly provides for
their redemption in silver dollars. should
be construed by the executive Department
as emitting the holders to demand gun
dollars, and much less had any one ever
conceived the idea before that the silver
dollar, made by law legal tender in pay
ment of all debts and in the discharge of
all obligations, and designated in the
statute as the standard money of the
country" should be redeemed in other
coin.
LOCAL CAMPAIGN AT CANTON.
Canton, o., Sept 16.--Preparation.
are under way for the formal opening OF
the local campaign on Friday on a scale
which promises to eclipse the big meet
ings of war times. Senators Thurstor
and Cullom, Governor Hastings of Penn
sylyania and Governor Bushnell of Ohit
will be present and speak. The rail
roads which enter Canton have alreadt
arranged for fifty special trains, consist
ting of from ten to fifteen coaches each
Upwards of 1900 are expected from
Pittsburg alone. A large delegation
coming from Wheeling includes tn,
Elkins cadets. A large delegation OF
wheelmen is expected from Toledo and
Detroit. The delegation, several thou
sand in number will leave its train al
Massllon, eight miles from here, ant
make its entrance into Canton on bi
cycles. Delegations are coming from
Cincinnati, Kentucky and Indiana. Six
states will be represented. The present
estimate of the crowd which is likely tt
attend is 10000 to $4,000.
Congressman Apsley of Massachusetts
and Mrs Apsley were among the vs
tors at the Mckinley home today.
This evening Maj. and Mrs. Mckinley
were guests at dinner at the home OF
II. $. Shields, who was United States
district attorney during Cleveland's first
term.