St. Paul daily globe., 1893-04-30
GOLD IN The west.
New York No Longer the Yel-
low Metal Center Of the
Country.
Chicago National Banks Con-
tain More Gold Than Those
OF Gotham.
Western Also Ahead Of East
ern States in Their Gold
Supply.
Mr. Boen Has a Plan to Drain
the Red River Valley
SouthWard.

WASHINGTON, April 29.-No better
indication of the restored confidence IN
the financial situation is necessary than
the fact that no gold exports were made
from New York today, and it does not
appear now that any large amount will
60 out Tuesday, and perhaps none at
ALL The plain statement made to the
New York bankers by Secretary
Carlisle appears to have allayed
the apprehension that existed.
Gold offers continue to be made.
the last city to offer assistance being
Little Rock, Ark, which sends S1,OOO,-
900, the gold to be exchanged for legal
tenders. All these offers are being ac-
cepted, and, if necessary, can be called
for by the treasury department at any
moment, but until the exchanges is
actually made the free gold does
not appear on the treasury daily
statement, which accounts for the fact
that the books of the department show
only S99, 900 of free gold, although the
amour. which Secretary Carlisle could
utilize is probably alittle over 81, 900, 900.
Assistant Secretary Hamlin is much
pleased over the situation, which he
described today as ''mOst promising"
An AntI-SIIVer Edict.
The statement of Secretary Carlisle
that ''every effort Of the administration
will be eXerted in the direction of the
repeal of the Sherman silver law is
icIlx iaf
and the announcement has aroused and
placed on the alert the free silver advO-
Gates. 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
tdr of the country, 50 far as the gold in
national banks is concerned" remarked
a prominent treasury official this morn
ing. "She has been playing great
game of bluff and trying to i'm
pIess the world with the fact tha
She can embarrass or relieve tn
present situation as she pleases
AS a matter of fact, there is less gold Ill
National bankin New York than i'll Chi
cagO, and the gold center Is west of the
Aileghenies. Mr.. Carlisle Is now in
Chicago, where the gold really is. and
VIII JbudE llOlu OOiilCIOhNNo WIN ANoNA-
ing bankers there"
On March 6. last, the comptroller of
currency called for reports from all
banks as 10 the amount of gold on hand.
As between New York and Chicago the
reports show the amount of gold held
to be: New York, Sl2 43S, ,G52; Chicago,
SI4. S24 $50.
More Gold in the West.
This brings out the important fact
that the demands which have been
mace by the New York bankers during
the recent crisis were largely in the
nature OF "bulls" As between the
West and the East. the former has S54.-
OJO, 900 of gold in its national banks,
while the East has only $4,000. 600.
Here is an intereS ing statement:
Gold in Western cities, S27.604. $50; gold
in Eastern cities. 81, ,411,774; gold in
Western states. S25, ,U02; gold in
Eastern states. SIG. 7OS.559. MIR. Eckels'
reports show that Chicago is the first Of
fifteen large Western cities which have
stocks of gold, while New York is the
first of eight of large Eastern
cities with large supplies OF gold. Thus
the Western cities Outrapk ihe Eastern.
both in number and in amount OF yolI
carried The Western states are alsu
anead of the Eastern states i'll their