New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-25


that the redemption of these notes in gold is
dictated" by the terms of the act under which
they were issued Mr.. Carlisle in his statement
said also that no order had been made TO stop
the payment of gold upon these notes, nor was
any ono authorized TO say that such an order
would be issued" But he did not say that no
such order would appear, and his language
throughout the interview constantly snggcstei
that it might, So that the Presidents assertion
Yesterday that discrimination against thrS'
notes had never been even contemplated, Is re-
ecivcd in financial circles with Shrng oil inc
shoulders ANA uplifting Of the eyebrows ana
with TIE frequent Icmal, that il all he S'ys Is ~
true and a, candid as that, the policy OF tn"
Government is still 1t matter for suspicion anu
distrust
The fact of the matter i that Mr.. C.evclands
Secretary of the Treasury has got him into great
difficulty, and lie is trying TO get out and TO pail
his Secretary out with him. bY charging tn" r.
snonsbilty of all that has Occurrc upon III" news
Papers This is not very manly. but fortunately =.
the newspapers fairly we'll used TO that sort
OF thing, and so ia the public. Mr. Carlisle has
been very largely under the influence OF the Free
Silver Senators. especially Mr. Voorhees,. who have
persuaded him that the present critical state of
affairs is due 10 the money sharks of wall
Street. who according 10 these wise Senator's az.
irving 20 squeeze the hONefnlncnl, anu 10 iol'c
IL into issuing bonds a. means OF further prota-
hle speculation on their part. Everybody who
has money or who is in any way connected with
large transactions in finance who is Interested IN
the maintenance Of the public credit, or opposed
10 silver mOnometalism. in the view OF these
Free Silver Senators ia money shark or
"rold bug" They had got these ideas well fixed
in Secretary Carsles min J. and he was bent on
teaching the money sharks and the gold bugs
a lesson. lie came near throwing the country
into one of the worst financial panicS 1t has ever
experienced and rs il is, he has succeeded IN 80
stinenng the money market and in so disturbing
credits that many persons and corporations are III
q condition of acut" distress. He has caused for
eicn capitalists who have large investments here
ard large sums of money here to lend. To call IN
their loans and 70 cable instructions iorOldhIng
the making of more lie has created condition
Of affairs from which even vet panic is more than
possible.
The way ont Of it is through the proposition
submitted to Tho bankers yesterday. Mr. Car
Isle talked in his statement in way curiusly
crude about the duty Of all who are re'lly IN
frrcsted in maintaining sound and stable cui-
rencv" TO "assi,t tie Sccrct1ry OF tn Treasury
70 the extent of their abilities. He has IN
torprctcd this remark by the constant suggestion
that the Ncw-NorI banks ought 10 surrender ther
gold 10 fho Government. and he has ppintc 0ut
the fact that Western banks have done -. me,
have not done any really saving amount AT
all He has picked up It'll" Pile hi" ana Il
lttl, one there, obtaining no mo- than O. onGn
TO keep his nosc for few days above wafer IH'
even then only long a the good ialth 0! IN,
Government remained unmparcd. But all surh
Western banks were in effect PAD Tor fhelr gooi
Offices They simply did good stroNc OF busi-
ross bv savng THEN exchange. Ncw-lork is the
place where gold is in demand 1t + "a" en,f" h1
al! the foreign Goods agsi"St which goa mas
h. * fho q
wherr all demands are made and nave 10 oe ic'.
The banks of Ncw-lork say. wit. GOOD reason 'la'
they cannot hand over their gold 20 the uoNeril-
ment at moment when the 6oyerhlnehI, Wy
crratins Doubt "a 70 It's good faith. by limiting !
its intention to rcpGdiatc one form OF i'' opns1
,icas is itself creating just TN" SITUATION III "c
all their cold resource, will be- r'luir.~ u No
their own OBLIGATIONS. IL i be! icvei th't 't
ias- 10 see this state OF things, aud that by me
issue of bonds TO the extent Of 3Ooopoo' IlSN
VIII obtain Ill the gold they want, ana SO sh;iSE
the foreign creditors of the country OF ltS aun,'
a. well as its good faith. as to relieve the oahh'
here OF all serious STRAIN. -, 80,
Among the bankers who took part in the con
ferenccs with Assstant-Treas,rer Jordan ycstti@as
were lrayton Ives. pr, sident OF the Wes,cTA VA.
tiona hink fredcick D. TqpRRen, pr sl1oO OF
President Of the Fourth National Bank; Henry
W Cannon. PRESIDENT of the Chas" National BANK
James T. Woodward. president OF ne Han IN W
American Exchange National Bank; James Still
man president of the National City Bank L. u;
F FSrdeps Ssd pGei9S" ak M wsRS % pcdsn
of the Park National bank J. Hood Wright OF
Drexel. Morgan & Co.: August BELMONT, and
representative OF Speycr Co EN-ScGreiary
Charles ). Fairchild, Charles j. Canda and Colonel
William l.. Trenholm, eX-Controllcr OF tle Or
rency al.% caGd upon iEt Few SaI reas cnJ
be induced 10 say on the subject that had been
under discussion was that ne situation iil oe,n
the President, ard that the prospects for the
future looked decidedly better than they had for
President had not issued his statement sooner,
for il is believed that a large part of the recent
exports Of gold would in that case never have
been made but, on the whole, the general feel
ing was one of relief and satisfaction
At the same time 10 Eth" anxiety IS fer as
10 tho answer that will be returned from Wash
inrtcn TO the notifications suggested by the
THAT the bonds shall specified tern OF years
without being meanwhile redcemable. III" bank
ers are unwilling TO put up ali the money IeiuiiI1
by the Goverancnts present necossi,r>: iH eA uo
not question the excellence OF Unite! >'a'rS
bond as security. but they have not tn" ~
70 snarr. They are unanimous in holding that
some part Of the gold called for should be got
back from Europe. and unless such bond Is Con,
coded as will give them a fair ciancc 20 niarKe,
IT, the present negotiation - rot likely 10 ciil
fortunately The feeling of con'lenc. 50 generally
expressed after Yesterdays conference IL one
10 the belief that the President will finally agree
20 rational. practical, business Ike scheme. Mr.
orlans posrIGn in the naneaI WORN nra s eT
Wheeler he has been powerful al Washington %"
simply lucky. the fact remains that after repeater
official declarations that bonds would be issued
he has gone to Washington and com, back the
bearer of an offer TO Issue lie was either greater
than the Secretary or extremely fortunate III en-
counteiing the President AT the moment When HIS
mind was turning in the right direction.
Io-day's exports of gold will not be as largo
as was feared last week, though they still amount
to $4,000 The firms making The shipments
are i: lieidclbach. Ickelhcimcr IL Co.. Sl,2oo;-
600: Iazart Frcrcs, 81 100000; kuhn, l9eD
81 Co. $4,000 Iedcnhrrg. ThalmIp Co,
100000 Only g. 100000 of this was with
dawn from the Suh-TrcasuIy Yesterday. INC bal
ance having been taken out on Friday ana Satar-
day OF last week.
DIRE PREDICTION OF A SILVER SENATOR.
Chicago, April ~ Especial. tinted States senator
Beckwith. OF Wyoming. who IS in the d,y. has some