Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-03-09
WHAT WILL HE DO?
Carlisle Refuses TO Talk About
the Cod Question.
MORE BONDS NAY SE ISSUED
Presi.isins Cleveland and lie Arr De-
tsrmsaest So kecp the $780,
600. 900 iis-er,c Intact.

WA.nsseros. March : There il the
Lleenrst intecesf Ipan.fs'sted IN the pros
prefiv~ eonrse q Secretary Carlssie on
the question = preserving the gold 20
ser.e. Ici-grams from Chicago and
>eN York poured IN upon him a. day
-eekieg d learn his intentions. tut 10
aii sara messages and D. the ulsEls per
so1a. Inquiries fram lcsai hsnkeFs aud
financial men from Different eastern
ciees - has replied that be oouhi not
o., present state has Intentions tie said
that everything q him. new raAn. vas
q great confusion. and that be woeld
nnt - able T. say what he wsald slo
uEtu Re could get clearer view u
things This reply. however. snaacks
very stGongly - diplomacy for the .s>rre-
tary began to study the situation fall
msnfh hefsrs. the clo-e e the Harrison
s4fain.sfraf.on. and he IS to-day its weli
posted. 4 cot better than his rresie-
,essor Ua,. bat Is adverse % f0res.asting
nis actlcrs
VIII Protect the Reserve.
The -efiect Was toslay discussed az
fhe cabinet meeting \ high treasury
gone over lr All IL "details tnd the. nresi
aent and Secretary Carlisle declared
emphaficu.iy that the sltoso0ao re-.
serVe n1ust H. projected IL can there
fore be safely stated. | think. lat Il the
reserve - touched an issue 10 bonds viii
follow Bur the issue NiIl not be made
until al n the surplus gold is exhausted
ana The reserve slightly iufrenched
upon II - iulpfssible 70 say how far
away that time - The receipts up 10
neon show a god Increase IN the free
guii IL was thought % be below
<1opfso bat n T. now ovef that amount.
1t - the policy ~ the secretary % eis.
lay an issue a. long as possitie. and
every expedient vii be resorted 10 -
put "a the hour la the hope that the
situation may chang. Senator Teller
stated ons day ia=t week thar Denver
hank bad .it.oooo IN gold II would ex
change for silver or greenhscks Secre-
tarv Foster declined to acrept the offer.
however. because u would cost $50 TO
pay Tor bringing the gold here. aud that
would. ~ argued. BE- tantamount to put
ting gold AZ premiuul
VII fz~ue Bonds.
-Sou,e thought the ofrer merely bluf.
hut secretary Carlisle has determined
- cal Il agd has wired an acceptance Il
the nfflr. Some think IL probable that
a few dem.--rar bankers NAV offer 70
Assist hiri iy exchanging gcid f0r g-een-
larks taeu4b The bankers generally.
after atlvascIng <6ltefso "a Foster.
positively ,'ecan,si 20 make any more ex
ctsast~ The -hipmenfs = gold have
ft..e8 OF tecau-.' the Interior Of the
cpnrtry has boon draw ing on New York
az fhr rate x S-stcotsr a day aui that
has cau=s,l scarei'y x mt ney east and
h;ls sfa- gp me rate - interest on cali
money - 81 per cent herr. while n -
only abroad. That makes il unprofit
afie - saip gold and but little j.
roe shipped But English har kers
have cah.l-f fheir willingness % loan
uoney az faree. six og twelve months ar
5 nrr cent
borrowers VII deposit =sutities ia
New Aafk safe fenseit vaults AMI the
monry 0ili le placed to their credit and
fhef uili then have exchange - sell
tIeaey xnl thsn gt' easier and tac gold
shipc.ent. viI begin again There may
he q shipment on SATURDAY J sck Tor
one hot tart feI hov mnrh it VIII De-
~ tse teiietr that bonsiS viii BE-
uitiastf.s eae,i
tio fsrclief's Ray postpone the
ieef.e faf s,iisf ~ wa3e Z the reserve
j. O. bslpeo'ecftd Just whar day.
whether tlii- week er next. x = ar,e-
sable e. sag