The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-04-19
THE GOLD SITUATION.
Secretary Carlisle's Firm Stand
Inspires Confidence.
He May NOT ISSUE BONDS.
The Free Geld Il InereasinG-TfeasureP
Conrsa's Advent Natter q salts.
lAotaon - Businoss Non,

easier than yesterday. Treasury officials
are more confident than twenty-four hours
ago and in the minds of all the impression
has become stronger that It may not DO
necessary for the secretary to take any
action which will change the present poll
Icy OF the department.. This feeling 70
said to be due to the fact that the am
nouncement has been practically made
that the government would only % last
resource return to the issuance Of bonds.
This firm and determined position Of Car.
Isle has. they say, already had beneficial
effect. and 30 soon ~ it becomes known
that the secretary of the treasury has seri-
ousiy considered the advlsability Of stop
ping the payment Of gold coin for treasury
notes issued under the silver oct Of July
IA, 1880, the situation will present . differ
emit phase. and the shipment of gold, which
Is looked upon as . means for forcing
the administration to issue. bonds, will
come to an end. The cabinet meeting to.
day was devoted to some extent to the
consideration of the financial situation and
1t In believed that the secretary Of the
treasury Will DO upheld in his advice to
stop for the present payment in gold Of
treasury notes under the silver act of 1890.
At present there is outstanding $50, 000..
600 in notes and they are being constantly
redeemed in gold at the New York sub.
treasury. The redemption of gold has been
matter of accommodation on the part of
the treasury department., as the law has
given the secretary of the treasury disre.
ton as to whether they will be redeemed
In gold or silver. Now that the gold bal.
ance Is reduced the secretary of the treas
ury is considering the ACCESSIBILITY of using
his discretion and paying these notes in
silver. If the secretary of the treas
ury is determined to take ad.
vantage Of the discretion given him
by the silver purchase law it will
be q more difficult matter for New York
brokers to obtain gold certificates, and the
treasury notes would leave them with less
upon which gold could be obtained. There
Is feeling among some men who have
been prominent in financial circles that
should Secretary Carlisle issue an order
stopping this redemption, it would APP
proach something OF q sensation, but those
who are best posted claim that nothing of
the kind would result, and still insist that
II it becomes apparent that Secretary Car.
Isle ID to adopt this course, the New York
ers who have been represented as trying to
push the government into an embarrassing
position, would SEQ that their efforts were
in vain, and gold would again begin to
dow into the treasury. fthey are correct
In their surmises It will be unneces-
sary for Carlisle TO take any fur.
ther action. Confidence in the treas
ury officials has been increased BY the
knowledge that Conrad NJ. Jordan, the
new sub-treasurer at New York, will prob
ably enter upon his duties tomorrow morn
ing. HIS ability is particularly we'll
thought of here, and, with mis- assistance,
it IL believed that Secretary Carlisle will
successfully meet the situation. After the
cabinet meeting the reporter saw Secretary
Carlisle. but he politely declined to dis
cuss the financial situation or the policy
no hold. for some time, preferring not to
forecast any action until necessity for it
arrives. Several small offers Of gold have
been received from the West. These
offers aggregate less than $500. 900. and will
not appear on the treasury books for sew
eral days. At Eastern points slight in.
crease in gold was noted, free gold having
increased today $25 600, making total a.
shown by the books of the treasury today
of $965, $50. There is said to have been q
slight increase In New York. which will
not be shown until tomorrow. Information
received at the treasury department indi-
Gates that gold shipments for next Satur-
day will not be heavy, and there may be
none at ALL
The cablegram long expected from Min
lister Egan as to the nature Of tho crime
committed by the refugees who sought
an asylum in the United States legation
at Santiago, Chile. was received today at
the state department. Its contents were
not made public, but there is . growing
belief that Minister Egan will not be sus-
tanned in granting the right Of asylum to
refugees under his protection, on the
ground that they were not political
offenders.
Internal Revenue Commissioner Mason
today submitted his last monthly report
Of the operations of the internal revenue
bureau, the new commissioner. Mr.. Miller.
relieving him tomorrow. 1t shows that
ended March 81, 1893. the aggregate re-
ceipts from internal revenue sources were
$3.50. 5l0,056. gain over the corresponding
period of 1892 of s. pos 078.
NEW YORK, April 1S.-A Washington
City special to the Snn says Secretary Car
Isle has definitely decided to redeem in
silver the outstanding treasury notes
issued under the act Of 1890. known
as the Sherman act. The secretary
will not permit himself to be quoted on
this point. but he made his arrangements
to pay these notes in silver. and he an
nounced this fact in the cabinet meeting