The morning call., 1893-04-20
STILL PAYING IN GOLD
Carlisle Will Make no Change ir
His POlicy.S
So Far There Seems Little Likelihood
of Forcing the Government to
Issue Bonds.
Special to THE MonNrSe CALL.

WASHINGTON. April I9.-OnlY n grave
emergency will change the present fnan-
cial policy of the Government, and each
day the officials of the Treasury Depart
ment gain more confidence in the situation
Yesterday afternoon the Secretary received
gold from Philadelphia, which is the first
offer the East has made to aid the admins
tration, and a small amount was also OBJ
tanned from Chicago. This enlargement of
free gold and the usual daily increase
makes the condition more easg-than on
yesterday.
AT the treasury it was denied that any
order has yet been issued to stop the re-
demptlon in gold of treasury notes, and the
statement was made that nothing will be
done until an emergency has arrived.
Secretary Carlisle said late this afternoon
that he had S1,173.oO0 of free gold in the
treasury. This was obtained yesterday and
to-day, principally from the West, in ex-
change for small notes and 1t relieves the
tension. at least for the present.
The abstract of the reports made to the
Comptroller of the Currency showing the
condition OF all national banks in the
United States at the time Of the last call. on
Monday. the 9th day of March, has been
prepared at the Treasury Department.
TIE aggregate resources are shown to be
S3,459. 721. .223. In this connection it is in
teresting to note that the gold coin held
aggregates 500, S57, ,235 and gold certificates
81, ,9S9, 200. Loans and. discounts reached
the enormous sum of 81, 133 900, 600. Among
the liabilities the capital stock paid in ag-
gregates s6SS, 900 aad the individual de-
posits 81. I5l. 100000.
NEW YORK. April 19.-The ub-Treasury
received $4,000 in gold certificates this
morning in exchange for greenbacks. Act
ing Assistant Treasurer Muheman said he
had received no order from Washington
relative to paying out silver for Treasury
notes. Belmont & Co. are quoted as saying
they have information from the highest
source that Secretary Carlisle will issue no
such order. 1t is reported several houses
have given notice that they will want gold
to export this week, and are somewhat
anxious about the source Of SUPPLY. The
amount to be shipped, If 1t can be obtained
Is placed at S3,000.000
1t is stated at the Sub-Treasury that gold
will be paid out upon the presentation of
Treasury notes as heretofore. This was
given out to relieve the anxiety of intending
shippers, who professed to feel some appre-
hension as to their ability TO secure the
metal for export.
Tho bank officers, brokers and iinancIers
generally downtown are in quandary over
the reports that Secretary Carlsla might
issue an order directing that no more treas
ury notes be redeemed In gold. These treas
ury notes were issued in payment for silver
purchased by the Government, and there
are about $50. 600, 900 of them in circulation
at present, mostly in New York and the
East. The reason for that Is the payments
for silver were made in this city.
Most OF the national bank presidents seen
to-day diseredited the report. They were,
therefore, unwilling to attempt TO foretell
the result of such an order II it were issued,
but there is coucensus of opinion among
those bank presidents who did speak that
the first effect of such an order would be TO
send gold to a small premium.
Considerable talk was INDUCED in after
the close Of the Stock Exchange about the
alleged heavy shipments of gold by Satur-
days European steamers. but SO far
as can be learned at this time
only one house will ship. The
consignment will be at least 81, 000, 600 un-
less they can secure bills. There appears to
be disposition on the part of certain ex-
porteTs TO avoid sending gold. as they do
not care 10 bear the criticism which they
think will follow the breaking In on the
S100,000000 gold reserve. The unusually
high rates for exchange led 10 the talk of
The heavy outflow OF gold.