New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-28

specific scheme TO submit for meeting possible eAi-
gcncies. He said that he considered TN" si'"'-
ton had Leen improved in the last few days "i"
his impression that it would be wise 10 eV
matters rest as they now without attempt do
any radical action for the present. When thc
Secretary had indicated this confidence that 10
immediate steps We're needed the bankers present
were prccluded from Offering any definite plan
that might have been in the minds Of some OF
them The talk then became dcsultory and less
formal and the meeting broke up with renewed
assuranccs to the Secretary thar at any time the
Newly ork bank, were ready TO respond to any can
upon them in the line of following but SPECIFIC
Treasury policy.
There will he no further formal cOnferenc" on
the financial situation While Mr.. Carlisle remains
in the city He may visit the Sub-Trcasury ior
a short while this morning, and SAYS that he VIII
be olad 10 meet any bankers or bank officers who
may desire an interview. His time will b" 100
short however to permit him to meet many per
sons a. he purposes to start with the President
for Chicago on the noon train. Mr.. Carlisle re-
turned TO the Victoria Hotel Immediately after his
conference at Mr.. Williamss house, anu ai''r
dinner he had long talk with August belmont.
II could not b. learned that the conversation ilai
important significance. ,,,.
Bankers who learned last nglt OF tne Irsui' i
dents were pleased in many respects ana Gl~p
pointed in others Ii was gratliN Nlng 10 KNOW
that Mr.. Carlisle had developed snch sonlil-
NANCY views as he expressed az IN" conference
and II i, now obvious that III" energies oi III"
Cleveland Administration will he bent toward an
attempt to secure a repeal Of the Silver fhr'hae"
law But the principal reason FOR regret WIS tliiI
the Secretary had maturcd no plan for COPING WITH
a possible future emergency. The acute gol crl,l,
has ben passed safely. but the hnanciai w"rIa
recognizes that many difficulties still remain \
the Treasury gold rrserV" 10 fresh inloads. ana IN
cas-, of a sudden development Of fear there is no
machinery AZ hand 10 b" put In operation 10 meet
the emergency At the same time the enbarraS'-
mcmt OF the Sccrctarv't position IS sympathcticaiN
recognized. There is strong political pressure 10
be resisted in directions and TIE Adminlsfra-
tion doubtless realizes the necessity of taking no
action if it may bc avoided, that VIII alienat"
Democratic support The results Of yes
that have been given that Mr. Cleveland
looks 10 the STRENGTHENING OF sound
money sentiment through 4 practical denonstra-
tion to In -ness at the West and south of the
injurious operation of th" Silver Purchase law on
trade and finance \ prominent man. well NcrNci
in fnancia questions, who came from Washing
ton on Wednesday. said Yesterday that while thc
Administration would EXERT all It's powers - de-
fcnd the integrity Of III" Government credit. 1t
had decided that an object lesson which woul
helm the cause of financial reform might best be
found in the distress which monetary String"n"v
may cause II is rccocnizc1 that IN" elect IT
the eXisting laws may not bc postponed forever
ard while doing nothing 70 aGgfaNHlF th" rHui-
tion il is believed that President Cleveland real
izes that hc cannot avert from the people the con
SEQUENCES of their unwisc legislation.
Panll'rs say that the recent strcnetncnng OF
the Treasury by the contributions of gold by out
oftown banks ha, LARGELY been fictitious aid
The gold deposited by banks at interior Sub
Treasures in exchange for legal tenders has been
in many cases withdrawn for the banks by the
Ncw-York CORES spondcnts from the Ncw-l 0rk Sub
Treasury. the banks making by the process a
profitable exchange transaction II is sal that
when the San Francisco banks turned in - 900.
600 gold 10 tho Sub-Ircasury Of that city. their
Ncw-Yort correspondents Withdrew 100000 of
il here for shipment to Canada. II i rep ,rtrd
that Secretary Carlisle AT this Junctnre di-covcr"l
the game that being worked and took
steps to prevent the completion Of the transaction
Some New-lork bankers say that this city has
practically been called upon 10 surrender the
gold which the banks in OTHER cities have recently
given TO the Treasury. 1t is declared by we'll
informed banker that tho available balance in IN"
Treasury is now not in excess OF S25.0"o.0o0 or
SOC, 900 900, half Of which consists of subs liary
silver coin According TO this authority an Offer
by the New York banks 10 exchange say S?j,OOO,-
600 gold for United States notes would hc Of no
avail to the Government. as the Treasury in >uc
an event could not actually command III" legal
tenders necessary for IN" exchange.