The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-17

WASHINGTON, March 16.-Secre-
tary Carlisle is a candidate for the
presidential nomination at Chicago,
and a public announcement to that
effect will soon be made by one of the
secretary's close friends in the senate
This announcement, however, will
not be made until President Cleveland
has formally stated his purpose not
to permit his name to be used in the
convention in connection with third
term. 1t is learned on excellent au-
thority that the president has fully
decided upon this course and it is ex-
pected that he will make known his
determination within a short time
Although Secretary Olney's name has
been considered with favor by the
Democratic leaders, it is known that
he does not desire the nomination. 1t
is undoubtedly true that Mr.. Carlisle's
candidacy will have the support of Mr..
Cleveland and the members of the CAB
met. He will go before the conven-
ton as a representative of the
SOUND MONEY VIEWS
of the administration. His friends, in
conducting the canvass for Mr.. Car
isles nomination, will urge that it be
laid upon sound money platform, and
if he be successful at Chicago, will
then make this issue prominent in the
campaign leading up to the Novem-
Der elections.
Representative Patterson of Ten
nessee has received from Secretary
Carlisle long letter in response to ex-
Speaker Crisp's declaration that silver
had received unfriend1y treatment at
the secretary'S hands.
In a speech delivered in the house
of representatives on the 18th day of
February the ex-speaker said:
He (meaning the secretary of the
treasury refuses to give silver for gold
because he must hold the silver to pay
the silver certificates and Sherman
notes issued under the act of 1890, and
when a Sherman note issued under
the act of 1890 is presented re redeems
it in gold and not in silver.
WHAT MOCKERY IS THIS!
What sort of friendly treatment is &C
corded silver by this law and the prac-
tice that obtains at the treasury of the
United States?''
Secretary Carlisle in his reply to a
letter written by Representative Pat
terSon, says:
I'm answer to your question 1 can
only say that in all the operations of
the treasury department during my
administration of it's affairs the legal
tender gold and silver coins of the
United States have been treated pre-
cisely alike, except that greater efforts
have been made to keep silver coin in
circulation than have been made to
keep gold coin in circulation The
amount paid out by this department
in silver coins and silver certificates
greatly exceeds the amount paid out in
gold coins and gold certificates, and in
no instance has the least discrimina-
ton been made against silver or it's
paper representative. In no instance
has silver or silver certificates been
refused in payment of a debt or de-
mand due the government and in no
instance has the government
REFUSED TO PAY SILVER
coins or silver certificates in discharge
of its obligations when the holders of
the obligations demand 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 demanded
silver is paid. Thus the coin of the
two metals are treated exactly alike in
making payments by the government
due to the government. 1t has always
been the policy Of the treasury de-
partment to encourage the use of sill
yer to the largest possible extent, and
in order to accomplish this standard
silver dollars will be sent by express,
at the expense of the government to
anyone who will deposit an equivalent
amount in silver certificates or in
treasury notes of 1890 with the United
States treasurer or any assistant treas
urer, or with a national bank de-
pository, and subsidiary silver coins
will be sent by express at the. expense
of the government to anyone who will
deposit with such officers or banks
any kind of United States currency
or national bank notes, but gold is not
sent to anybody
FREE OF CHARGE.
In August, 1893. there was great and
demand in nearly every part
of the country for currency of small
denominations, and in it's attempt to
supply this demand the treasury de-
partment paid out in defraying the ex-
penses of the government and in ex-
change for other forms of currency, all
the silver that could be lawfully used
for these purposes, so that for a short
period it was compelled to suspend
payment in standard silver dollars ex-
cept in the redemption of silver GER
tificates and treasury notes of 1890. The
law authorizing the use of silver certi-
ficates upon deposits of silver provides
that the coin deposited for, or repre-
senting the certificates shall be re-
tanned in the treasury for the payment
of the same on demand
TT Is, therefore, plain that whenever
the amount of silver dollars in the
treasury does not exceed the amount
Of silver certificates outstanding, the
secretary of the treasury cannot, with
put a violation of the law, pay out such
silver except for the redemption of
certificates. At such times he has no
right to exchange silver dollars for
gold than he has to pay them out in
any other manner. But there is
ALSO ANOTHER FUND
in the treasury which is required by