Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-04-23

as emergencies arise 10 Is believed will
hc fully able 10 meet them The admin
lstrltpu feels confident the present
financial Hurry is q temporary one based
ON an vXuggrrntipu OF conditions, aud
they have mo- fear there will hv a panic
or That uuuo.1,l rrrlit win hc umprnchcd.
Reliable information us tu the position
uf the president and Carlisle and what
occurred an The cabinet meeting be- that
there existed between them simply
difference ut Judgment us tu which policy
was the better one to be- followed
SrurvWg Carlisle believed the law
justified him iu stopping the payment ot
gold Tor treasury notes of lSh and vnn.
sidvrd 3, bv-t tu follow this course
aud keep the reserve intact 81 far as
the Interpretation oi the law Is concerned
hv was upheld boz his opinion 10y Score
tdry Gresham and ATTORNEY, General
Olury Al he same time Mr. Clrvc-
land pointed ont that there was nothing
whirh compelled the governments to keep
the gold reserve iu its entirety except
for the redemption NJ legal tender notes
discretion but of policy aud u was
hually decided the gold reserve should hc
utilized 90 meet the demand for gold
shipments one result of the gold scare
has been to cause q good deaf Of quiet
discussion among stutrrmrn lett at the
capital of The necessity for un extra
session of congress, II IN uuduuiahe
some feel that such a session is probable
and ut uu early date, earlier than Sep,
tpWhtr next. which was fixed, 10 rs
argued thaJ the element of time becomes
ui superior Importance. There rs uuCs-
ton us to the authority ut the secretary
of th' treasury to issue houds under The
present circumstances, although the de-
rid,d weight ut opinion lies lu favor of
the proposition.
II should Doc borne 90 mind that Il the
secretary decides BOO The affirmative hc rs
bound to issuc only bonds of the old
rates. T. I ~ OUd per cent. instead
of 3 per rent bonds II rs said TO hc pos
slhe Go llnut these bonds aud as cyidcuc-
ing the sccrptnrys feelings iu the mat.
ter % may hr recalled TIME on Feb is
last, whom Senator Sherman sought 10
secure the inclusion of lh' suudry civil
appropriation bin of "A paragraph au-
thOriHlug the secretary 90 sell those 3-pcr
cent bonus Tor gold, he said he, with
other members of the committee of the
senate, had consulted with Mr. Carlisle.
Said sherman then, while he Gar
lislol hopes aud expects NO contingency
VIII arise IN which he viii be called upon
TO sell bonds 10 maintain the reserve
required hy law, he thinks the very fact
Of having the power tO sell 3perctnt
hNrycar bonds would enable him TO
avoid the necessity of selling these bonds
Under the law he could not, in order to
maintain The reserve, sell amy other kind
of bonds except those ! have named, T.
4 IL uud . per cent bonds. but mo- SEQ.
rotary of the treasury ought to Boz rcduir-
ed TO issue that Kind of u bond when the
credit of the government would enable
him 20 sell q per cent honds'
Ut Carlisle is still of that mind, Il IA
| argued congress viii soon be- called To-
geIher Ia enact the necessary legislation
20 enable the administration 10 avoid
| the responsibility of assuming the ISSUE
of bonds, If the session begins. il is
| assumed 10y those who know that not
only the question OF the gold reserve. but
the financial conditions at large Will be-
/ acted on
| No Information has reached The state
| department of the rejection 10y the Aus.
| ualian government of Max Judd as CON
sui az vienna, as reported last night.