Show Secretary Carlisle has made an explanation ex-planation before the House committee on appropriations why the grovernmeiii does not redeem its coin notes at its discretion instead of at the option of the holder The explanation which does not adequately explain is as follows fol-lows it that policy had been in juraTed at the beginning of resump tion it would have worked beneficially and no trouble would have arisen from it But my predecessors have folIoed the policy of redeeming in gold or silver at the option x > f the holders of paper and any secretary who tried to change this policy and force silver on a man who wanted gold or vice versa particularly par-ticularly at uch a critical period as we have been Passing through would have precipitated < disastrous results |