St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-16
The Issue of Gold Certificates
Suspended by Secretary
Carlisle.
In Doing So He Carried Out
the Provisions Of a
Bonds Being Prepared to Use
in Case Of an Emep-
gency.
Amount Of Free Gold in the
Treasury Reduced Below
$4,000, 600.

WASHINGTON, April 15.-The contin-
ued export of gold from this country to
meet the Austrian demand has reduced
the free gold in the United States treas
ury to S1.S60,OOO. This allows for 81, ,250,-
600 taken from the New York sub-treas-
ury yesterday for shipment by today's
steamer. In the belief that gold
will continue to be exported for
some time to come, and in
order to supply the demand for
gold and to replenish the depleted stock
in the New York sub-treasury, it is
stated that the treasury department
has been shipping gold from the treas
ury to New York for the past week.
The amount thus shipped, it is thought,
is not less than S10,000,000 and may be
more. The statement of the condition
of the treasury made daily to the sec
retary shows that the net balance is
gradually crawling up, being to-
day S25. .937,13 OF this sum S11.OOO,OOO
is subsidiary coin and SIC, 100000 in
national bank repositories. Secretary
Carlisle today directed the sub-treasur-
ers throughout the United States to
issue 10 more gold certificates at pres
ent. In doing so he simply obeyed the
law, which reads: THAT the secretary
of the treasury shall suspend the issue
of such gold certificates whenever the
amonnt of gold coin and gold bullion i'll
nr a MI
ton of United States notes falls below
500, ,000,"
En Explaining His Action
ON this subject Secretary Carlisle said
this afternoon that mhile the 100000,
600 gold reserve had not been reached he
was so close to 1t that prudence dictated
that more no gold certificates should
he issued. This announcement that,
for the first time since specie payment
was resumed. it was necessary to
stop the issue of gold GER
tificates was followed by the
rumor which was heard at the capitol
and elsewhere, that the president had
decided to issue $6,000.000 of per cent
bonds to protect the gold reserve in case
It became necessary. Secretary Carlisle
was seen at the treasury department,
and was asked:
rs the rumor true that S6.0O0,O 900 of
/. bonds have been ISSued?"
/. lie replied: "Six millions of bonds
have not been issued"
/ The secretary did not state explicitly
that no bonds were to be issued. 1t was
ascertained subsequently that the pre-
cautionary measures which had been
commenced under the Harrison admin
stration of preparing to meet an emer-
geacy by the issue of bonds if neces-
sary had been carried a step further
under the present administration.
Recognizing the fact that the prepara-
ton of bonds was matter Of time,
Secretary Foster had directed the
bureau of engraving and printing to
prepare a large number of bonds bear
ing per cent interest, as authorized by
the resumption act. l was learned that
81. 900, 900 of these bonds were now being
advanced OIL further stages toward com
pletion, so that if it should be deemed
necessary and proper TO issue them, or
any part of them, rather than to break
in upon the gold reserve, the emergency
could be met with the least possible
delay.