New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-18
THE FINANCIAL SITUATION.
GOLD TO THE AMOUNT OF sl'5oooo WITH
DRAWN FOR EXPORT

GOLD TO THE AMOUNT OF $4,000 WITH.
DRAWN FOR EXPORT
Gold 10 the amount Of Sl750,OOO was Withdrawn
from the SubTreasury yesterday ana VIII be shipped
ON the steamer Lain to-day. The gold was paid
for in greenbacks and delivered In eagles and double
eagles. Lazard Freres took $l25OOcO, and lleidcl-
back Ickelheimer d Co. 100000 This. with the
~ 100000 shipped saturday, makes SJ,OOO,Uoo
exported In week.
bankers In this city in general are not Inclined
10 attach any importance TO the action Of Secretary
Carlisle in suspendng the Issue OF gold certificates
He simply carried the law in anticipation Of the
800, 900 900 mark being reached. They are al
anXiously awaiting his next step, however. A we'll
known banker speaking Of the situation yesterday,
sad that he thought II would be good thing II 1t
were inevitable that large quantity OF gold was
TO be exported that a good deal OF IT so at once.
A shipment Of $4,000 900, for instance. In week
would break into the SlO00OO,0OO reserve consider
ably and then whatever adjustment business must
make to the present conditions would be made, and
whatever remedy TO be applied would OF necessity
be applied and the suspense would be over. ii The
Administration had any financial policy II would
come forward with IL, and the country would know
what TO expect.
Conrad n. Jordan, the new Assistant Treasurer,
visited the Sul.Treasury yesterday morning, but
a. he had not taken the oath OF Office or had his
bond approved, he transacted no business ana de-
cIned to talk on the financial situation. Mr. Jordan
will probably take charge Of the Sub-Treasury on
Wednesday
II Is reported on good authority that II was Mr..
Jordan who suggested to secretary Carlisle the ad-
Instability Of stopping the issue OF gold certificates In
view OF the depletion of gold almost 10 the limit MED
by statute for tho suspension Of the isshc
The notion that the stopping Of the issue of gold
certificates will cause an accumulation OF gold suili-
cicnt drafts upon the Treasury without break
Ing in the $l00OOO.000 Is not regarded as at all
probable. BANKERS say that there Is plenty OF gold
In the country In the hands of individuals. but the
Government cannot well get hold Of it. one bank
president said That he did not believe the Govern
ment had notes In sufficient amount that cOnd be
used TO purchase any considerable quantity OF gold
that might be issued in exchange for them, aud this
gold recently when offered by Western banks.
Washington. April 1.-THE Treasury Department
advised this aftpnoon that during the day Slice,
600 in gold had been withdrawn from the New-YOrk
sub- Treasury for shipments TO Europe BIZ steamer
IN free gold In the Treasury. Deducting the amount
taken out, there Is now left SiO,5GO Of free gold in
the Treasury.
Treasury officials are encourag ed 10 hone that by
Saturday, the next shipping day. the free gold may
BE- increased 10 sufficient 10 meet the export
demand Mr.. Jordan is expected to assume charge
Of the Sub-rreasury next Wednesday, and his well
known resources expected TO show In the In
OF gold holdings.
secretary Carlisle absolutely declines 10 Oune his
future financial action. prcferrng tn await the ar
rival VI the emergency before indicating what he will
do. He had this morning an extended Interview with
Senator sherman, who has been twice Secretary OF
the Treasury, and this afternoon he win confer with
he President