The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-09-04
SCHURZ REPLIES TO GAGE.
DENIES EXISTENCE OF DANGER or
MONETARY DISASTER.

10 Any Danger EXISTS. such as secre-
tary Gage Claims tn "a Recent In
terNtesy, ~ L. Due TO Flaw Ina the
LRw-RepubIicans Have Ample Op-
portunity 90 Correct Any Error Ia
the law Establishing the Gold
standard-Wii They Do itf
Bolton Landing. Lake George, y. y,
Sept. 3.-The following is an open letter
by Hon. Carl sehurz to Secretary OF the
Treasury Lyman } Gage;
Dear Sir: The newspapers Of Aug. -
published an interview with YOU IN which
YOU were quoted as saying that there
Is no doubt MIR Bryan. Of elected Pres
demo, could order his Secretary Of che
Treasury TO make payment IN silver Of al
the public debt payable In coin, and Tor
All current disbursements OF the govern
ment as well. which amount to ti.5oo0o
10 y.7oOOo per day: and that he would
give such an order. too. II very certain,
" he Is IN the same mind that he was In
1896. You went on 20 say that although
MIR Bryan would have great difficulty
IN doiue that ct once" owing 20 tho small
silver resources Of che government, yet
he might accomplish Il IN time. az the
mere announcement OF such a purpose
would stop the inflow OF gold or al ieaat
very largely diminish payments IN gold,
and correspondingly Increase payments
into the treasury OF silver and silver Ger
,lnoates:" that this would practically pnt
tho government on silver basis ruin its
credit. and bring incalculable disaster ~
on the business Interests OF the country.
Having for "a great many years taken
a deep and fomewhat active interest ~
the establishment OF a sound monetary
avatom ~ the United States. I may with
out improperly publicly address 20 you
few remarks Ia reply 70 your public
statement ! emphaticaAy deny, Mr. Sc
rotary. chat the danger SCI forth b. you
IN your interviews really exists. and that
any President will be able 10 do what yod
say might be done. unless the Republican
party Ia control Of the government IN both
It's legislative and executive srancacs.
prove itself utterly dishonest IN It's pro-
fessed purpose 20 maintain the gold stand
ard.
This denial IL not based upon che yea-
soniug Of those Of your critics who Beck
20 show BY figures that President de-
upon silver basis. would lack the means
for doing 20. on the contrary for argu-
mcnt'a sake. / win accept al you say
on chat point. hut you omit 10 mention
a fact OF decisive importance.
would Mean "a Flaw in the Law.
II the executive, as you say. Processes
the discretion OF paying silver IN settle
ment Of all interest on the public debt not
specifically payable IN gold. and of max
Ing lis daily disbursements to a. creditors
IN silver" q Is owing 20 a law IN the
currency law passed al the LAST session Of
Congress- law which ~ the spokesman
OF the Repuoictn party promised was to
ptit the god standard upon an impreNuable
basis. II was suggested a. the time by
some of It's critics that this law was pur-
poseiv 20 manipulated BY Republican pol
iticians In the Senate as TO leave the pos
eiblIity Of the suhversion or the gold stan
dard hy the executive action open IN order
10 enable the Republicans On ths present
Presidential campaign 10 cay that the
election OF the Republican President was
absoigteiy necessary % save the gold
standard and 20 prevent drc1dful ecorou-
Il disaster. Whether any such scheme en-
tered into that legislation. I do nc, as
sumo 20 determine. Certain II IL. however.
Nat this feature Of the law u now so