New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-22
USING THE GOLD RESERVE.
TREASURY NOTES PROMPTLY PAID.
GOLD SHIPMENTS TO-DAY TO BE OVER sG,ooOoc0
SECRETARY CARLISLE DOESN'T

SECRETARY CARLISLE DOESN'T
ACT AS HE TALKS.
Evidence that wiser counscls have prevailed
with the Administration at Washington was
furnished yesterday by the payment unhesitat-
inely of gold for Treasury notes at the Sub
Treasury, and free supply of the precious metal
TO exporters AZ the expense Of the 500 100000
gold reserve in the National Treasury. Yet moth
ing official las been added to the statement made
public by Secretary Cdrlisc, which explained moth
ing 10 the satisfaction Of the banking community,
and no definite, positive assurances have been
given Of the future policy of the Treasury Depart
mcnt.
While the practical action OF tho Treasury IN
dealing with the question of redemption Of the
Treasury notes yesterday has somewhat reas-
sured the financial community, il remains TO be
seen how far the fright given TO European credl-
tors Of the country may now he dnayod. Inc
movement Of gold ont of the Treasury, and heavy
additional orders for shipments next week, be-
sides private cable dispatches demonstrate how
much harm has been done to American credit by
the suspicion that the Treasury Department was
seriously considering the suggestion that only
silver bc paid ont on the Treasury notes in case
the reserve were invaded.
Tho Official statement published by the Sccrc
tary o. the Treasury received with general
disappointment in Wall Street, and bankers were
in The dark as TO the intentions of the Depart
ment. until ny actual test it was ascerained that
the Snh-rroasury had received no orders for
partial suspension Of gold payments. The ner-
vousncss Of the community was reflected by an
advance in the foreign exchange market, even
above the high rates prevailing on Thursday. The
weakening of rates later in the day possessed
I. L.f, ILL 1,g,, ,l,.
4 point where gold shipment, to Lon
don were profitable. 1t is considered
extremely questionable whether the with
drawals Of the precious metal would have been
so heavy had not Europe been alarmed as To
the currency situation here. The exports Of gold
from the country to-day will, from all points,
aggregate more than S6.5OO,o0O. Proof of tn.
widespread disturbance of credit abroad il fun
nshed in the statement of we'll informed bankers
that orders have been received here for the ship
mcnt Of from 81, 10000 10 SJ,000.000 gold on
neXt Tuesday. The prospects now are that tn"
exports will exceed the highest amount men-
toned, unless quietcr feeling follows. and leads
TO the cancellation of some Of the orders
The total Withdrawals Of gold from tho Sub
Treasury Yesterday were S5,600,000, including
800, 900 paid out in odd lots over the counter.
There was 81 80, 900 taken for shipment 10 Canada,
having S4,43O 900 the amount to be sent to
Europ" to-day As nearly IA may be ascertained
these Withdrawals were follows BY Lazard
Freres. S2,tjo. 900: by ieielbach, Ickelheimer
& Co., $500 900. by Kuhn, Loeb Il Co, $780,
600, and by Ladcnburg, 1halmann Il Co,
1896, ,OOO. To secure the specie there was paid
into the Suh-Treasury Sl.3G0,000 in Treasury
notes and the remainder in United States legal
tender notes Unlike the previous day there were
in for tla cold Adj
vices from Boston announced that $4,000 gold
lad been taken from the Sun Treasury in that
city by Kiddcr. Peabody 4 Co. for export to
Europe directly from Boston. Counting in Thurs
days engagements of gold, the whole amount that
will be- sent abroad by to-days steamers is as
follows:
Thur.davs withdrawals at New-York-...... 1850 900
Ycstcid day, withfrlwlls at NewYork....... 100000
roo, from yow.york IS $50 600
Ycstrisye Withdrawals at Boston n.......... 7'oooo
Total for Europe.
Thursday wiihinwals tor Canada 80 3o GOO GOO
Yesterdays Withdrawals for Canadn......'.." l'oooo
T,,ol ,or Canada 100000
Grand ,o,al for two dav. ...... .. 81 800 900
An illustration in a small way Of the practical
effects of the doubt rs to the continued redemption
Of the Treasury notes in gold was furnished by
the customs receipts at this port yesterday, IN
which these notes and the silver certificates
formed the far greater proportion. Tie payments
10 the Government Were made in these proper
tions In gold coin So; IN silver coin. Sl2l
gold certificates. none: silver certificates, Sll9,-
800: United states notes, Slj,Gjl; Treasury
notes, Sl32, ,lj0; total, 2Gi,ii0. The feeling OF
uncertainty as to the currency situation, which
has been growing since the refusal of the last
Congress TO repeal the Silver Purchase law, is
strkingly reflected in the following table, show
ing the percentage Of the different kinds OF
money paid at Ncw-York for customs, the amounts
being given in periods Of ten days as near as
may be for each month since January !, S93
Gold Silver Gold Silver 4. s. Treas