The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1893-04-24
THE GOLD IS ALL RIGHT.
Somebody Renders Uncle Sam
Assistance
BUT NO NAMES ARE MADE PUBLIC.

BUT NO NAMES ARE MADE PUBLIC.
Secretary Carlisle Says the supply is In.
creasing-The Treasury TO Continue the
Policy Now Being Pursued-Nearly ga
10000 Odored and Accepted in q single
Day-What President Cleveland Says.
WASHINGTON, April 24-The gold re
serve, depleted Friday, is intact do-day.
offers aggreRating nearly 81, 600, 900 having
been received and accepted by the sccre
tary during Saturday. Secretary Carlisle
says he did not think, in justice to those
who were disposed to supply the govern
ment with gold, that their names should
DE published, and FOR that reason alone he
did not think it wise to state names and
places from which the offers came. It is
believed, however, that the west again
came to the relief. The secretary expressed
the hope that the supply would continue
to incrlase so that he would be able to meet
amy demand made on the treasury for gold
for export tomorrow.
He said that the treasury would continue
the policy now being pursued Of paying out
gold for the treasury coin notes, and that
ut an early hour Saturday, when IL seemed
that the reserve would b. encroached upon,
be directed the sub-tIeasurer at New York
TO continue paying these notes as hereto
fore. He was therefore at a loss to under
stand how any uncertainty prevailed in the
public mind as to the action of the treas
ury department in the premises.
That such uncertainty still prevails,
however, is evident from the numerous
kilograms being received by the president
and Secretaries Carlisle and Lamont, and
from the further fact that several promi-
nent New York bankers are here for the
purpose, If possible, Of getting a better and
clearer knowledge Of the financial situation
from personal interviews with cabinet Of
licers and treasury officials.
1t is interesting TO note in connection
with the gold situation, how, during the
past few years, the treasury has lost gold.
IN January 81, 1889, the net gold in the
troasary was 1874, GOO, 600; on January 81,
1890, $177, 600, COO; January 81, 1891,
$l4l 900, 600; January 81, 1892, S119, 000,-
600, and on January 81 1898, sos, 000,-
600.
The exaggerated stories which gained
circulation to the effect that President
Cleveland and Secretary Carlisle had
had a serious misunderstanding which
might lead to the resignation Of Mr.. Carl
isle are officially denied by members Of the
cabinet and officials Of the treasury depart
ment. The relations which exist to-day
between Secretary Carlisle and the p-esi-
dent are as cordial as they have ever been.
What the future policy of the treasury
may be regarding finances is still Il matter
of conjecture and probably Will be, Tor a
definite course has not been decided upon.
The department will wait fordeyelopments,
and as the emergencies arise it is believed
tat the department will be fully able to
meet them. The administration feels con
ndent chat the present financial furry is a
temporary one, based on an eXaggeration
Of conditions, and they have no fear that
there Will be u panic or that the national
credit will he impeached.
Secretary Carlisle believes that that the
law justified him in stopping the payment
of gold for the treasury notes of 1890 and
considered it best to follow this this course
and keep the gold reserve in tact.
As far as his Interpretation OF the law is
concerned he Was upheld in his opinion by
Secretary Gresham and Attorney General
Olney. At the same time President Cleve-
land pointed ont that there was nothing
which compelled the government to keep
the gold reserve in its entirety except for
the redemption Of the legal tender notes.
1t then became not a question of law and
/ discretion, but of policy, and it was finally
decided that the gold reserve should be
utilized to meet the demand for gold ship
ment,
1t is said that the administration washed
to this policy by the fact that if the pres
emit manner OF redeeming the treasury
notes in gold was carried out it would
more fully impress the public with the fact
that the present silver law will inevitably
take all the gold from the treasury. Such
a policy, if followed cut, might produce a
sentiment in support Of the presidents
known anti-silver views.
The president, it Is said, feels confident
that there is no danger in the situation and
that if the workings Of the silver law were
allowed TO eat into the gold reserve thai
the chances for the repeal Of the Sherman
act would be much greater. This was the
policy decided on as the best one to pursue
and the stories of any ruction in the cabi
net are u~nfounded.