The record-union., 1893-04-29
Offers of Yellow Metal From All
Sections of the Country.
VERY LITTLE IF ANY TO BE SHIPPED
TO EUROPE TO-DAY.
Indications That If the Gold Tide Has
Not Actually Turned, 1t Has Been
Stemmed for the Present-The
President May Order a Suspension
OF the Sugar Bounty without Wait
ing for Congressional Action.
Special to the REcoRD-UN1oN.

Special to the RECORD-UNIoN.
WASHINGTON, April 2S.-Offers of gold
in exchange for legal tender notes are
still being received at the Treasury De-
partment. The aggregate runs into the
hundreds of thousands. During the past
week offers have been made and accepted
from San Francisco, Roanoke, Va, Pitts
burg. Washington, st. Louis, Boston,
Norfolk, Va, Columbus, Ga, Baltimore,
Philadelphia and New Orleans Reports
from New York indicate that very little,
If any, gold will go tomorrow, and this,
in connection with the low rate of ex-
change, is accepted by the Treasury Off
cials as most encouraging fact, and the
indication is that fthe gold tide has not
actually turned it has been stemmed for
the present.
There is still considerable talk of an
extra session for the consideration of the
financial question, but if the reserve
fund is regarded by the Administration
as so much available gold for meeting its
obligations, it is improbable there will be
so alarming depletion of the fund as to
render necessary an extra session. The
0S-@NS-DbAo
extra session will be convened about the
1st OF September, but called no more for
the consideration of the financial ques-
ton than for the readjustment of the
tariff.
A plan for suspending the sugar bounty
without waiting for the slow action of
Congress has been suggested to President
Cleveland, and may be adopted. The
plan consists in a simple order from the
Secretary of the Treasury to his subordi-
mates to draw no warrants and make no
payments on account of sugar bounties.
Such action would carry the matter to the
courts and secure a decision upon the
naked question whether the payment OF
guarantees TO private individuals out OF
the money received by taxation upon the
people is within the power of Congress
under the Constitution.
NEW YORK BANKERS SATISFIED.
New York, April 2S.-Great satisfac-
ton is expressed in financial circles this
morning at the result of the conference
yesterday evening between the New York
bankers and Carlisle, Secretary of the
Treasury, and Wall street quickly
showed it appreciated the clear, explicit
statement made to the bankers.
Although no action was taken at the
conference it established Enthusiastically in
the minds of the bankers present. as all
admitted this morning, that the Govern
ment had determined to maintain the
parity between gold and silver; that the
Secretary thoroughly understood the situ-
ton, and that the stories that there was
friction between the Secretary and the
bankers of New York are absolutely
without foundation.
1t was learned on good authority that
Secretary Carlisle was assured by the
New York bank Presidents of their will
lngness to come to the assistance of the
Government whenever, in his opinion.
more gold was needed by the Treasury.
The terms on which gold would be fur
nished were left open. 1t was also agreed
by all present that the uneasiness based
upon the intrenchment upon the $780,
100000 in the gold reserve fund was only
sentimental, and that at this time there
was no necessity for the bond issue, or
gold loan to the Treasury.
Speaking of the conference with Car
Isle, Brayton Ives, President of the West
ern National Bank, said to-day: s'The
result of the conference was eminently
satisfactory, as far as it went to prove. as
1t did prove, the existence of an entirely
harmonious feeling between the Secre.
tary of the Treasury and the New York
bankers. Pm in position to know thai
there has been no friction between the
New York bankers and the Secretary o.
the Treasury. 1 have never been associ-
ated with any body of men more anxious
to accomplish a given result than the
New York bankers have been to assist
the Government in every possible way.
was especially pleased yesterday at the
emphatic declaration of Carlisle, that the
silver law is the chief cause of our pres
ent trouble, and every effort must be
made to secure its repeal. l was also
very favorably impressed by the clear
ness of Carlisle's expressions, and his
evidently thorough understanding of the
situation"
GOLD FROM COLUMBUS, GA.
COLUMBUS (Ga.), April 2S.-An import.
ant action has been taken by the banks o.
Columbus in the tender of their entire
gold reserve of Sol, 900 to Secretary Car
Isle, upon terms heretofore granted by
the Secretary, and a telegram to this effect
was sent to the Secretary, and a letter,
with details, followed. The following
resolution was adopted:
ReSoIued, That relying upon the assur-
ance of President Cleveland and his
Cabinet that the Government will con-
tinue TO pay gold Tor all the bills pre-
sented, the associated banks of Colum.
bus, Ca, hereby tender the Secretary O
the Treasury all the gold reserve now
held by them in exchange for legal tender
notes, believing it to be the duty of al
the banks throughout the country tc
come forward at this time and contribute
however little it may be, TO the restora
ton of the public credit. We have i'm.
phcit confidence in the integrity of the
President aud his advisors, and trust il
the ultimate judgment of our people tC
uphold you in protecting our united in,
terests from an unstable currency.
Mrs. Cleveland.
WASHINGTON, April 2S.-The Statement
that Mrs. Cleveland had decided to return
here from New York yesterday on ac
count of illness is incorrect. 1t was no
her intention to 60 West with the Presi
oil har