New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-23
SECRETARY WINDOW HERE.
HE THINKS THE MONEY MARKET HAS ALL
THE RELIEF 1T NEEDS.
IF 1T WERE NECESSARY, HE WOULD TAKE
FURTHER STEPS TO RELEASE MONEY
FROM THE TREASURY.

William Window Secretary of the Treasury,
arrived in the city yesterday afternoon and went
to the Fifth Avenue Hotel. His presence here
soon became known and during the afternoon and
evening a number of bankers called upon him.
% have met about dozen," the Secretary said
last evening, of leading bankers and brokers and
have carefully considered with them the present
strngency IN the money market. My advance
call for $50 900, 900 l-2 per cents, due August
81, 1891. seems to be working very well. Offers
to sell to the amount of $2,500,000 have been
made to me to-day"
Is that advance call without precedent"
asked.
Il think that step never was taken before by
the Government" was the reply. Exactly such
a situation has not presented itself TO demand
such measure of relief"
Have you anything to say about the cause Of
the crisis which demanded the immediate assist
ance Of the Government"
The Secretary held his lips firmly together for
a moment looked far away out of the window
and said Money is tight"
1t has been suggested that the present emer-
gency requires that a large lump sum be released
from the Treasury" the reporter said.
81 have nothing to say to that" remarked
the Secretary.
be justified in adopting the idea of certain New
York bankers to invite tenders of both 4 and
4 1-2 per cents without naming price,
Il have tried that"
"You think the crisis is past p"
81 do. Earlier in the day thought it possible
to have to take another step for relief. and ! was
prepared to do so, but tonight am assured that
the Government has done all that is necessary" "
Have you held any formal conferenccs?'
81 have not. | have met no one By appoint
ment"
1t was evident that the Secretary was de-
termincd to do all in his power to relieve the
stringency in Wall Street lie even shortened
his vacation TO come TO New-York for the pur-
pose.
The Secretary is well pleased with the effects
and prospects of the new value of silver. lie
explained that it provided true protection for the
farmers and other producers by increasing the
price of like products in foregs markets from
competing countries which use the silver standard.
In regard 10 recent suggestion that the Gov
crnmcnt deposit the internal revenue receipts Of
Ncw-lOrG City in the city, the Secretary said
that il would not he in accordance with his
policy. The Government could not handle the
money on deposit readily enough.
During an informal chat at the close of the in
teryiew the Secretary said that he had been tax
ing the sea air Il have been exploring Long
Island sound lie added, and visiting friend,
in Massachusetts,. About ten days ago ! left
Washington in accordance with my deep belief IN
the wisdom OF that fine 0id Roman saying Mems Mems
sana in corporc sano.' Health is Of the greatest
importance. | visited at Stockbridge, in Mass1-
chlsctts and at Norfolk in Connecticut You
see ! went in and out of the Bay State without
visiting Boston,
The Secretary was looking well, and talked IN
his usual quiet. ready and thorough manner. IN
the evening he sat in the paror Of his sulie WIZ,
n friend and called Come in 10 all who knocked
at his door Among those who knocked were
CYRUS W Field and j. Il. Colgate.
The Secretary will return 10 washington To-
daV.