The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-04-26
THE NATIONS CAPITAL.
CABINET DISCUSSING THE FINANCIAL
CONDITION OF THE GOVERNMENT.
The Million Dollar Gold Reserve Invaded
But Secretary Carlisle Hopes to Restore
1t soon-Russian Treaty Signed.
The Naval Display.

WASHINGTON, April 2l.-At q cab.
in n'9it ng this morning, at which
all the members were present, with
the exception of Secretary Herbert,
the financial situation, it is under
stood, was the almost exclusive topic
Of discussion. The meeting lasted
two and half hours, and was the
longest session of the cabinet since the
new administration came Into power.
When the treasury department closed
it's doors this afternoon. the
gold reserve of $l,0OO,Oo0r had
been invaded to the extent
Of 81, 100000 to 100000. When the
day opened there was in the treasury
$lS5, 900 of free gold. This amount
was increased by gold offers from the
West, a9gregating about 81, 250, 600
Large Withdrawals of gold Tor ship
ment from New York City cut this
down to such an extent that when
the cabinet met Secretary Carlisle
found that orders for gold up to that
time, about o'clock, had wiped out
the free gold and invaded the gold re.
serve to the extent Of $500, 600.
So far as officially ascertained this
is the amount taken out of the gold
reserve today for export tomorrow,
although 1t is unofficially stated that
81, 600, eco In gold exclusive of that
taken out at New York has been
Withdrawn from the sub-treasury
at Boston for export to Canada. If 80
this would make about $1,000, 00G in
gold taken out of the country for ship
ment tomorrow, andl leave the gold re-
serve invalid to the extent of SO, 000,-
600, or total gold in the treasury $97,-
600, 900.
1t is believed the invasion is but
temporary and that within few days
the depleted reserve will be restored
to the original figures, 100000, 600.
While nothing official can be OBJ
tanned here as TO the decision of the
treasury in regard to payment in gold
OF treasury notes of 1890, the fact that
these notes are being paid in gold
upon presentation proves conclus-
lively that they will for the present at
least be redeemed as heretofore.
The construction placed upon Sec
rotary Carlisle's statement given the
press last night was that when he
reached the limit of the gold reserve
he would exercise his discretion and
pay this class of notes when present.
ed In silver. To this extent only are
the occurrences of today q surprise.
1t can be stated with positiveness
that there Is no disagreement on the
financial situation between the presi-
dent and secretary Carlisle or among
The mr. nbers of the cabinet.
RUSSIAN TREATY SIGNED.
WASHINGTON, April 21.-A cable
message received at the state depart
ment says that the emperor of Russia
has signed the extradition treaty be-
tween the Udited States and Russia
and Publications have been exchanged.
The exchange of notifications leaves
now only one more step to be taken to
put the Russian extradition treaty
into effect, that is the official procla-
nation by President Cleveland. This
proclamation will be issued in a short
time, probably upon receipt of formal
official notice by the state depart
ments from Minister White of the fact
of exchange until the date OF publica.
tion of the proclamation when that
may be the text of the treaty is ex.
pected to remain secret of the exec
utive department.
ALL FOR HAMPTON ROADS.
WASHINGTON, April 2l.-Secretary
Herbert left Washington for Annapo.
lis today. He will board the Dolphin
as soon as he reaches Annapolis and
sail Immediately for Hampton
Roads.
For lame back, side or chest use