Rensselaer Republican, Volume 25, Number 52, Rensselaer, Jasper County, 24 August 1893 — SECRETARY CARLISLE'S STATEMENT. [ARTICLE]

SECRETARY CARLISLE'S STATEMENT.

Why Silver Dollar* Cannot Bo Exchanged for Gold. Secretary Carlisle sent to the Senate, Friday, the following communication in reply to a resolution passed by the Senate on Wednesday, requesting certain information as to the redemption of treasury notes issued under the Sherman act: “In response, I have the honor to say that during the present month treasury notes issued under the act of July 14,1890, amounting to <714,6%, have been redeemed by the government in silver dollars. White I do not pretend to have knowledge of the degree of information possessed by the holders of the notes so redeemed, I am of the opinion that they were fully advised at the time of such redemption that they could have gold instead of silver if they so desired. “In further response to the resolution I have to say that recently gold coin has* been presented at an office of this department and silver dollars asked in exchange therefor, and that the exchange was not made for the reason that all silver dollars in the Treasury at the time were required, under the provisions of the laws relating to the currency, to be held in the Treasury to cover outstanding silver certificates and treasury notes issued under the act of July 14, 1890. At present the department would not and could not exchange silver dollars for gold coin if requested to do so by holders of gold for the same reason; but if the conditions of the Treasury were such as to afford a margin of silyer dollars in excess of silver certificates and Treasury note* outstanding, such exchange would be made.”