New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-08
HoDcMAN's
MACKINTOSHES
Fashionable and Useful.
BROADWAY, n West 98d st.,
Cor. Grand ST. adj. 5th Ave. Hotel.
THE BOND QUESTION AGAIN
WILL MR.. CLEVELAND DRAW on THE GOLD
RESERVE?
ONLY SMALL MARGIN OF FREE GOLD Now
IN The TREAsURY-MR FOSTERS VIEWS

ONLY SMALL MARGIN OF FREE GOLD VOW
IN The TREAsURY-MR. FOSTERS VIEWS
(Br TELEGRAPH To TIE TRIBuxE.l
Washington. March 7.rIf President Cleveland and
Secretary Carlisle have any policy TO announce with
reference 70 the maintenance OF the gold reserve In
the Treasury they will undoubtedly he forced to show
their plans within the next few days. The amount Of
free gold left In the Treasury vaults to-day was only
~ $50 900, and this small margin Is than likely
to be wiped out on the next good-sze demand for
gold coin for foreign shipment. RumOrs are conse.
Quently In active circulation that the now Admins
traitor will stgnalze Its accession 10 power BY bond
issue which will I'll up The Treasury vaults With
gold and at the time give striking notice that
the President and his advisers mean 10 engage IN
direct and open warfare on the financial ideas which
have heretofore been unalteringy accepted and are
still held with Obstinacy by the great mass OF the
voters Of the Democratic party The text OF last
saturdays inaugural address Indicated very plainly
that Mr. Cleveland was determined to live up TO all
those principles of finance which have proved so
obnoxious TO the Western and southern Democracy,
and 10 take any measures which might seem necessary
10 maintain the currency and the credit Of the country
I'm ifs prescnt basis. II he and Mr. Carlisle think
II advisable TO stick to Mr.. Shermans minimum limit
OF the gold reserve, 10O0OOOOO, there would seem
TO BE- no other recourse In the next few Gays Dut
TO procure more gold by Offering bonds In the open
market Tie limit OF 800 900 Is, OF course.
purely arbitrary one and for all practical purposes
200 900 900 would be- just us sui1cient reserve rs
500 900 OOO II Is not certain that Secretary Carlisle
would not prefer let the gold reserve run little
below the present minimum rather than issue bonds
vet the drift OF Mr.. Cleveland's utterances has oil
been In the direction Of strengthening the Nauonai
credit by bond ssucs and there can he h''ie aouo'
that II the reserve runs this week or next peow
500 900 oOo bonds Will be issued. Mr. Carlisle Will
M his
morrow, and rs yet he has had no chance 10 setle
upon a definite policy TO be followed
ExSccretary Foster, who retired today IN 'aRips
over the present Treasury situation. said That inc
department was now practically down TO me gola
reserve there being less than 100000 OF Tree goo
He did not regard the situation as alarming however
as all the excitement about the gold shipments ap-
pcared 10 have subsidized When asked II he did not
think bonds would have to be issued. he replied that
Mr. Carlisle might instead Of that use some OF the
reserve lie did n6t want TO make any predictions
as 10 what his successor would do but he WAS con
ddent that ~ would be able by some means to pre-
serve the gold basis by meeting all demands for gold
made upon tho Department Mr.. Carlisle undoubtedly
had right to use a part OF the gold reserve II he
needed 10 do So Besides the gold reserve Mr.. Eos
fer said there was turned to the secretary
about $4,000, 900. consisting Of National bank re-
serve and subsidiary coins and disbursing ohcer'
balances. Against this are outstanding drafts cover
ing most Of IT, but not liable TO be presented for pay
mcnt at once.
Congress" said the ex-Secretnry. "should have
increased the whiskcy tax Hfty cents and given US
chance 10 replenish our stock OF money. The fact
Is, that the demand for gold Is perfectly regular
IL Is not speculative. II Is the natural demand
Of foreign countries needing the gold The only
thing artificial speculative In the situation was tie
effort made 90 keep gold here. That. OF course was
10 keep the market steady. and not to meet buhess
demands However. there Is nearly eooO.o 200 OF
gold In this country the public mind Is comparatively
EASY and have no doubt that Mr.. Carlisle win be-
able put himself In position IN meet all demands
for gold -