The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-04-18

pollcy TO be pursued by the treasury
department regarding the financial sit
uation was probably determined at a
consultation held this afternoon be-
tween Secretary Carlisle and President
Cleveland, All efforts to learn the re-
suit Of the conference have thus far
failed.
The Star says: Mr., Carlisle is under.
stood to be opposed to the issuance OF
bonds, for tho present at least. 1t is
his Judgment that it would be prefer
able 10 utilize portion Of the gold re-
serve fund until it becomes apparent
that tho issuance Of bonds is an abso.
Lutte necessity. Among the officials OF
the treasury department not tho least
fear or apprehension is expressed OF any
financial embarrassment growing out OF
The gold shipments. They are satisfied,
they say, that the shipments are being
forced by those who would be benefited
by tho issue OF bonds, and that MS soon
as brokers and bankers are positive that
their attempt to force the issue OF bonds
Will DD uScltnSl JuoV ~ SSSAN "'a sAS
gold shipments cease.
Secretary Carlisle absolutely declined
to outline his future financial action,
preierring to await the arrival Of the
emergency before indicating what he
would do. 1t will be remembered that
wheu Mr. Carlisle assumed the control
of the treasury department, tho free
gold was reduced to very small figure.
Tho officials feel that ii Mr.. Carlisle was
ahlo to meet the demand at that time
he can do SO again.
1t is understood that there is some
difference OF opinion between President
Cleveland and Mr., Carlisle rs to what
course should be pursued. the President
rather leaning toward an issuance Of
bonds should the freO gold be entirely
exported, while Mr.. Carlisle feels that
it would bo better financial policy to
use for the present portion OF the
gold reserve, which he believes the sec
retary OF the treasury is legally entitled
to do. Ii it became apparent that the
exports were to continue in large
amounts he would then probably con-
sent to the bond issue.
In the order OF the secretary on Sat-
urday directing that no more gold Ger
tifcates be issued at present, Mr. Car
lisle is considered to have taken an ex-
Cellcnt precautionary measure, and the
action Is generally commended.
There are three things which can be
done-either bonds can be issued, the
gold reserve utilized to such q point
that it is not considered advisable 10
utilize any more OF it, or the coin GER
tifcate might be paid in silver dollars
instead Of gold, AZ is now done. 1t is
likely that tho latter course will bo
adopted, should tho emergency arise.
1t is thought, however, that ii the pres
ent month can bo tided over that the
financial situation will assume differ
ent appearance. Most Of the spring
importations have been made and the
travel Of foreigners TO this country will
be begun.
Tho number OF persons which usu-
ally go abroad each summer will DO
greatly reduced on account OF the
Worlds Fair, aud on the other hand,
citizens OF foreign countries are expect
cd to visit this country in large num-
bers, and will undoubtedly spend d
great doNl OF money while here. This,
it is believed, will readjust the balance
OF trade. II the predictions and boliefs
OF some OF the treasury officials is full
filled tho gold shipments will probably
cease by the end Of the month and the
amount Of fresh gold in tho treasury
again increase.
Tho treasury department was advised
this afternoon that during tho day ST.
100000 in gold had been withdrawn
from tho Now York sub-treasury for
shipment to Europe by steamer sail.
ing tomorrow. Tho day begun with
Sl,T00,5G0 in free gold in the treasury.
Deducting the amount taken out there
is now loft S40,4U0 Of free gold In the
treasury. Treasury officials arc encour.
aged to hope that by Saturday, tho next
shipping day, tho FREQ gold may be in
creased to Il sufficient sum 10 meet the
export demand. Mr.. Jordan is expeCIeJ
to assume charge OF the sub. treasury
next Wednesday, and his well know
resources Ore expected 10 show an in
crease OF gold holdings.