The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1893-05-02
1HE GOLD SITUATION.
Omers Continue to Come in and Conf
denes Il. Restored.

Diners Continue to Come in and Conf
denes Is Restored.
WASHINGTON, May Mo better in
dications of the restored confidence in
the financial situation is necessary than
the fact that no gold exports were made
from New York, and it does not appear
now that any large amount will go out
on Tuesday. and perhaps none at all
The plain statement made to the
New York bankers by Secretary Car
Isle appears to have allayed the appre-
hension that existed. Gold offers con-
tinue to come in, the last city TO offer
assistance being Little Rock, which
sends $1,000, 600, the gold to be ex-
changed for legal tender. All these of
fers are being accepted, and If neces-
sary can be called for by the treasury
department at any moment, but until
the exchange Is actually made the free
gold does not appear on the treasurer's
daily statement, which accounts. for
the fact that the books of the depart
ment show only 500, 900 of free gold. al
though the amount which Secretary
Carlisle would utilize is probably lit
tie over $4,000, 600.
Assistant Secretary Hamlin is much
pleased at the situation, which he de-
scribed as most promising"
The statement of Secretary Carlisle
that "every effort of the adininistra-
tion will be exerted in the direction of
the repeal of the Sherman silver law
is regarded here as an anti-silyer edict,
and the announcement has aroused and
placed ON the alert the free silver adj
Vocates. The latter assert that they
are ready for the battle, and everything
promises a lively silver fight in the
next congress
New York is no longer the gold CEN
ter of the country, so far as the gold in
national banks Is concerned" remarked
a prominent treasury official. "She has
been playing great game of bluff and
trying to impress the world with the
fact that she can embarrass or relieve
the present situation as she pleases. As
matter of fact, there is less gold in the
national banks of New York than in
Chicago, and the gold center is west of
the Alleghenies."
On March 6, last, the comptroller of
the currency called for reports from all
national banks as to the amount of gold
ON hand. As between New York and
Chicago the reports show the amount
of gold held to be: New York, $l2, 49,
652; Chicago, $14, 80, $3.50.
This brings out the important fact
that the demands which have been
made by the New York bankers during
the recent crisis were largely in the ma
ture of bluffs
former has S54, 600. 600 of gold in its ma
tional banks, while the east has only
$50. GOO, COO.
Here is an interesting statement:
Gold in western cities, 81. 1904, 800;
gold in eastern cities, 500, All. ia; gold
in western states, $25, 541, 0O2; gold in
eastern states, $16, 70S, 559.
MIR. Eckles' reports show that Chi
cago is the first of Is large western
cities which have heavy stocks of gold,
while New York is the first OF eigb
large eastern cities with large supplies
of gold. Thus the western cities out
rank the eastern. both in number and
in amount of gold carried.
The western states are also ahead OF
eastern states in their supply OF gold.
The reports made to the comptroller, it
should be remembered, do not cover
the supplies of gold held by private in
dividuals, private banks or state banks.
The Chicago banks have already tend
cred the use, Of, their gold to the secre-
tary of the treasury, so the conference
of Mr.. Carli lie with them is likely to
produce much more satisfactory results
| than that which he had with the New
York bankers.