Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-04-19

WASHINGTON, April lS.-Ihe CQolnet
meeting to-day was devoted 70 some eX-
tent to the consideration Of the toan-
cial condition, and il is believed that
the Secretary of the Treasury will be
upheld in his advice TO stop for the
present the payment in gold Of the
treasury notes. Under the silver act OF
1890 the government is compelled 70
purchase each month $500, 600 ounces
of silver, and at the same time issue
notes for the bullion reserved.
There is at present outstanding OF
these notes S13O, 900 and they are
being constantly redeemed In gold At
the New York sub-treaSurY. The re-
demptiOn in gold of these notes has
been q matter Of accommodation on the
part Of the Treasury Department as the
law gives the Secretary Of the Treasury
discretion as 20 whether they will be
redeemed In gold or silver. Now that
the gold balance has been reduced the
Secretary OF the Treasury is consider
ing the adyisability Of using his dis
eretion and paying these notes in
silver.
II the Secretary determines to take
advantage Of the discretion given him
difficult matter for the New York
Brokers 20 obtain the gold for shipment
as the Stoppage Of the payment on the
gold certificates and the treasury notes
ould leave them with less upon which
gold could be obtained. The su6-treas-
urv In New York at the end Of each
moRth makes a report 10 the depart
ment here, showing the amount OF
treasury notes that have been redeemed
ip gold. In the report 20 the Ways
and Means Committee on the condition
OF the treasury up 20 January 81, 1898,
q table is given which shows that the
sub-treasury redeeued treasury
notes in gold froSu June, 1892,
to January 81, 1898. 21,136,-
500. For February lmd March, il is
said that the redemption has averaged
$4,000, 900 each month"; It Is said that
the continued redemption OF the notes
in gold was bound TO result 10 the
driving out Of all the gold, for II is ap-
parent that the condition was such that
gold was being paid out through the
medium OF the treasury notes for the
silver bullion sold.
There is a feeling among some men
who have been prominent Ia financial
circles that should Secretary Carlisle is
sue an oroer stopping hhls redemption
that il would approach something OF q
sensation, bat those who are best posted
claim that nothing Of the kind would
result, and sill insi - hat II 10 became
apparent that Secret Carlisle was 10
adopt this course IN 7ne New Workers
who have been repre- ted as trying 10
Dpsh the governme into an embar-
rassinV position WOl see that their ei-
forts had been in and gold would
again begin 70 flow the treasury.
The confidence O asury officials is
Increased oy the ledge that Con-
rad nj. Jordan, th " Sub-TreaSurer
A. New YORK. will badly enter upon
his duties tO-mc morning. dis
ability is particl well thought OF
here. and with b sSistance il is be-
lieved that Secr( Carlisle will sue
cessfullv meet ia patton.
kter- the Cab neeting a reporter
e az the Treasury
Oltely declined 70
Question, a policy
time, preierring
action until the
of gold have been
ST. These offers
500, 600, and will
easuSy books for
q points a slight
ed, the free gold
" S25, 900, max
by the books Of
s, $50. There is
a slight Increase
i'm not be shown
az the treasury
bat the gold ship
day will not be
none at all.