is le ' s ▁failure ▁to ▁win ▁either ▁nom ination . ▁In ▁ 1 8 9 2 ▁Carl is le ▁was ▁again ▁proposed ▁as ▁a ▁candidate ▁for ▁president ▁at ▁the ▁Democratic ▁convention , ▁but ▁this ▁time ▁Carl is le ▁asked ▁that ▁he ▁not ▁be ▁considered . ▁It ▁was ▁reported ▁at ▁the ▁time ▁that ▁Carl is le ▁dropped ▁out ▁with ▁the ▁understanding ▁that ▁Cleveland , ▁once ▁nominated , ▁would ▁appoint ▁him ▁to ▁his ▁Cab inet . ▁ ▁In ▁ 1 8 9 0 , ▁Carl is le ▁was ▁appointed ▁to ▁the ▁United ▁States ▁Senate ▁to ▁fill ▁the ▁un exp ired ▁term ▁of ▁James ▁B . ▁Beck . ▁When ▁Cleveland ▁was ▁again ▁elected ▁to ▁the ▁Pres iden cy ▁in ▁ 1 8 9 2 , ▁he ▁chose ▁Carl is le ▁as ▁his ▁Secretary ▁of ▁the ▁Tre as ury . ▁ ▁Carl is le ' s ▁ten ure ▁as ▁Secretary ▁was ▁mar red ▁by ▁the ▁Pan ic ▁of ▁ 1 8 9 3 , ▁a ▁financial ▁and ▁economic ▁dis aster ▁so ▁severe ▁that ▁it ▁ended ▁Carl is le ' s ▁political ▁career . ▁In ▁response ▁to ▁a ▁run ▁on ▁the ▁American ▁gold ▁supply , ▁Carl is le ▁felt ▁forced ▁to ▁end ▁silver ▁coin age . ▁He ▁also ▁felt ▁comp elled ▁to ▁opp ose ▁the ▁ 1 8 9 4 ▁Wilson – G orm an ▁Tar iff ▁bill . ▁These ▁two ▁stands ▁were ▁widely ▁un pop ular ▁among ▁agr arian ▁Democr ats . ▁In ▁ 1 8 9 6 ▁Carl is le ▁str enu ously ▁opposed ▁Democratic