The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1893-04-21
ABOUT GOLD AND! Sill YER
Secretary Carlisle Iikss Z SAtsmsnt
Of tho Financial Crisis
WILL SUPPORT slLv
The Governments Policy 10 to
Maintain the Parity Between
the Metais-What the
BALANCES 10.

WASHINGTON, April 20 Secretary Car.
Isle tonight made ITO following state.
mcnt roxartling the financial situation:
ION The exercise of the discretionary
power conferred upon the secretary Of tho
treasury by the act Of July /, 1890, have
boon paying gold for coin treasury notcs.
Issued Tor the purchase Of silver bullion,
and he will continue to do SO as long as
he has gold legally available for tho pur-
pose. Under this process the govern.
mont has been, and now is, paying gold
for silver bullion and storing the silver in
vaults, where II 10 as useless for any pur-
pose OF circulation or redemption MS iron,
ie'.d or any other commodity. The gov
ernment, In the first place, issues the coin
treasury notes In paying for silver bullion,
ana then the coin treasury note is pre-
sentcd Mt the sub-trcasurs and gold is
paid out for il. So tho effect Is precisely
the same as IL tho gold were paid out
directly for the silver In the first instance.
About Ss0o,oO Of gold, which was with.
drawn from tho sub-treasury last Tuesday
Tor shipment abroad, was paid out on
these coin treasury notes. No order was
mado to stop the payment Of gold upon
theso notes, nor was anyone authorized to
sny that such aA order would be issued.
80 Psst~'"o Va tuC GoNCSutiSlt, " BEG~
serve IFS own credit uninpaired, and 10
maintain tho parity Of the two metals by
all Iaweul means, will not be abandoned
und'r any circumstances.
vim view of existing legislation, the only
qucstion Tor consideration is as to the
rAcasore that ought TO be adopted to in
, sure the accomplishment OF these pur-
poses, and upon this question there Is, Of
course, room for wide differences Of
opinion. The total stock OF gold coin and
gold bullion now In the country, including
what Is bcId by the treasury, as well as
what is held by banks and individuals,
an~,unts 10 about S1io.OoO,O00. When
same into the treasury department OH the
9Th day Of March, the amount of free gold
on hand had been reduced to S9s7 900, but,
by arrangements with western banks, II
increased until on the first of April IL
amounted 10 nearly SS,O00,O00. Then the
heavy shipments began to be made, aud
two days ago We had only about $4,000.
But now IL amounts to 1856 900, after de-
ducting what has been withdrawn from
tho sub-trcasury to-day for shipment. Ar.
rancemeats arc now In progress by which
! moro gold is to be procured from the West,
and hope that q sufficient quantity will
TO secured to keep Il . g I'D refee Q tact.
There Is gold enough in the country TO
meet all requirements OF the situation, and
IL all who are really interested i'm main.
tanning q sound and stable currency.
would assist the secretary Of the treasury
TO the extent OF their abilities, the existing
difficulties would soon bo removed"
In addition to this statement Secretary
Carlisle said that $4,000 in gold WAS
tnken out Of the sub-;rcasury in New York
/ to-day for export. The class of money
paid into tho suh-trcasury for the gold
Withdrawn included 100000 in gold Ger.
tificates, which TO that amount did not no.
ducc the gold reserve. because they them.
selves arc practically gold, 50 that the
actual gold redemption of the day was
only 100000, leaving q balance rs stated
above.
This Is the Grst considerable amount OF
gold certificates paid into the sub-treasury
for gold export for many years and en-
courages the treasury officials to hopo that
tho banks, seeing tho situation will con.
tinuo to present gold certificates In pay
mcnt at least for the gold withdrawal for
export.