The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-04-20
THE F|NANC|ERS PUZZLED.
In a 0uandary Over the Reports
as to MIR. CarIisle's Prob
able Action.
He May Stop Redeeming Treasury
Notes, Issued for Silver,
In Gold.
This Might Send Gold tn email Premium
-Trensnry Officials at Washington
Not Alarmed

New YohK, April 19.--Bank off GERS.
brokers and fnancer. oeuetally down town
arc in quandary over the reports that
bsofesary Carlisle might issue nm order
directing that no more treasury notes bo
redeemed in gold. These trensury notes
were issued in payment for silver purchased
bv the government, and there are about
l3o.OO0,0OO Of them in circulation at
Present. mostly in New York and the east.
The reason for that is that payments for
silver are made in this city. MoSt of the
national bank presidents seen to-day
discrsdted the report. They therefore
were unwilling to attempt to fortell the
result of such order, il it should be issued.
There Is n concensus OF opinion of those
bank presidents spoken to that the first
effects OF such order would be to send gold
to small premium.
Conside able talk was INDUCED in after
the close of the stock exchange about al
legged heavy shipments of gold by Satur-
days European steamers. So far aa can be
learned at this time only one house will
ship. This consignment will be at least
$1,000 600, unless they can secure bills.
There appears to be disposition on the
gold, as they do not care TO bear the crti-
cism which they think will follow breaking
in on the $l0o.000,000 gold reserve. I'm
usually high rates for exchange led to the
| talk about heavy outflow.
A washington special to the Sun SAYS:
| Secretary Carlisle has definitely decided to
redeem in silver all the outstanding treas-
ury notes issued under the act of 1890.
known as the Sherman not. The secretary
will not permit himself to be quoted on the
point but he has made his arrangements to
| paw these notes in silver and he announced
this fact in the cabinet meeting to-day.
The sub-treasury received $1,000 in gold
greenbacks. Acting Assistant Treasurer
Muhleman said that he had received no or
der from Washington relative to paying out
silver for treasury notes. Belmont & Co.
are quoted as saying that they have infor-
nation that Secre etarv Carlisle will issue no
houses have given notice that they will
want gold to export this week and are
somewhat anxious about the source of sup
ply. The amount to be shipped, if il can
be obtained. is placed at S3,o0o.oo0.
WASHINGTON. April 19.-Only grave
| emergency will change the present IMAM
cial policy of the government, and each
day the officials of the treasury departments
gain more confidence in the situation.
Yesterday the sec etary received gold f, ON
Philadelphia which is the first offer tho
east has made to aid the administration,
and a small amount was also obtained from
Chicago. This enlargement of the free
gold. and the usual daily increase. make 8
the condition more easy than yesterday.
At the treasury it was denied that any or
der has yet been issued to stop the ,edemp.
tion in gold of treasury notes of 1890, and
the statement was made that nothing
would be done until the emergency ar
rived.
Secretary Carlisle said late this after
noon he had Sl.l7sO0O free gold in the
treasury. This was obtained yesterday and
to-day from the west in exchange for
small notes. and relieves the tension. At
least for the present.