New-York tribune., 1879-01-03

are Oh level and have been for some
weeks and there is little or no inquiry FOR
gold. In fact, gold seems to be drug
here, for the customers seem to prefer
raper money and some of the receipts from the
Mutual Insurance Company, paid in gold, were
worked oil rather slowly
The business at the Bank of Washington is In no
respect different from that of past days, with the
exception that all special accounts have been blot'e"
ont. There is no demand whatever for gold' and
the only inquiry made about it is whether they
have il on hand. and. receiving an Affirmative
answer their customers generally take paper
{" How about resumption ?" was asked at Riggs
Bank py a Htdr reporter about o'clock tins after
noon. e suppose it's all right was the answer
1--WE have had very few calls 1Or goId; OlS
man came in and wanted II" eino IN goa nld n3d
got il. and another wanted $loo IN, go Il
and got it, There were number oil other CaiiS, nht
only for small amounts " Have yOu muSh gold on
handY 1--WE have an abundance of gold, but u Is
nearly all IN New-YOrk. We have but little use t9E
gold here and don't expect 10 have any larger cams
for il now than before resumption"
GOLD LIKJ LY To ACCUMULATE.
The indications now are that the Government
stock Of gold instead of being diminished now that
resumption has been accompl shed. Will continue 10
increase As long as the grccnbacks are redeem
able at sight in gold, they fulGl all the functions oi
com and very few people Will care TO handle the
coin, or guard transport IT when the
paper Is so much more convenient IDS Is Il
Dll~P OF the SUBJECT lItl NotS h'' o''Ht ~ ~
pleasing TO the Secretary Of the Treasury, who said
TODAY ;hat IN his opinion the Treasury ought not 10
have more than 30 per cent reserve of com against
ITS outstanding notes. As long as exchange remains
favorable to the United states, and the IIcdsury
receives ,he coin and bullion Of the people on de-
posit il is difficult 10 see what is to prevent the
indefinite accumulation Of gold in the Treasury
To facilitate the payment Of duties III Aew-lorb,
the Secretary of the Treasury issued to-day the IO-
lowing order:
TRT sSURY DEPARTMENT,
WAsHINGTON, Jan. >, le19.S
To facilitate the payment Of dpuce on imports, Ire
Treasurer and the sCV raj As Sant TTtd,urcIs 0I IA
Tinted states are hereby hn!izcd 10 receive deiOsS
of gold IN sums OF 500 or muItl"cs 'htteo' on
account oi such payment, aud To Issue the usual ceI
cafes of d.pus therefor denomination or not lees
than 500 the OF Collector or SnrNt yol OF
"A winch thp dunes are 10 bc pad; ana MY
issued is hereby authorized to accept il a. mar o' dueS
on imports PAYABLE at H's port, fsHtmg tPc as' tun
IN MS accounts as II the money had been collected ana
deposited by him IN the usual uiaLh'r
JCHN >HLRNAN, Secretary.
This i, in response TO the proposition recently
made by the importing merchants oi NeN-lolk
that gold might be deposited IN Naioha!
banks that are designated depositoreS, ana
flat checks against such deposits he ac-
ccptod in the payment of duties This
arrangement seemed Objectionable to ine secretary
because il involved the VeThratIon OF signatures
by the COLLECTORS of Custom, aud ul2ht, m some
eases subject the Government 10 loss. Ihe new
plau II j. hoped will he satisfactory 10 the luer-
chants Ii has been made to conform 10 the law
authorizing the issue Dv the Treasury Of gold GER
iifcatcs in exchange tor coin or bullion