Morning journal and courier., 1893-04-21
NEWS BY TELEGRAPH.
From All Quarters.
ENOUGH GOLD IS ON HAND
Secretary Carlisle on the
Financial Question.
DR.. BUCHANAN BECAME CONFUSED.
He Did Not Adhere to All
His Statements.
he WAS maaGLED BY ASTREET CAR.
Fearful Accident to Major
Arnold in New York.
THERE is GOLD ENOUGH.

THERE is GOLD ENOUGH.
| Secretary Carlisle Makes n Statement
Regarding the Financial Condition
of the Country-The Purpose OF the
Government to Preserve Its Credit
UnimpaIred Will Not be Abandoned
Under Any 'C1rcumstan mo unit
of Gold in the Treasury-Arrange-
Hents are Being Made by Which
More Gold Is to be Procured From
the West-Enough Will Probably be
Secured TO Keep the Gold Reserve
Intact.
WASHINGTON, APRIL 2O.-Secretary Car
lisle to- night made the following statement
regarding the financial situation:
''In the exercise of tho discretionary
power conferred upon the secretary of the
treasury by the act of July IA, 1890, he
has been paying gold for the coin treasury
notes issued for the purchase of silver
bullion, and he will continue to do 80 as
long as he has gold lawfully available for
that purpose. Under this process the gov
eminent has been and Is now paying gold
for silver bullion and storing the silver in
its vaults, where it is as useless for any
purpose of circulation or redemption as
iron, lead, any other commodity.
"The government, in the first place,
Issues a coin treasury note in payment for
silver bullion, and then the coin treasury
note is presented at a sub-treasury and the
gold is paid out for it; 30 that the effect
Ia precisely the same as If the gold were
directly paid for silver. About $500, 900
of the gold which was Withdrawn from the
snb-treasury on Last Thursday for ship
ment abroad was paid out on these coin
treasury notes. No order has been made
to stop the payment of gold upon these
notes, nor has any one been authorized to
say that such an order would be Issued.
1.-THE purpose of the government to pre-
serve it's credit unimpaired and maintain
the parity of the metals by all lawful
means will not be abandoned under any
circumstances. In view of the existing
legislation the only question for consider
alton is as to the measures that ought to
be adopted to insure the accomplishment
of These purposes and upon these ques-
lions there is, of course, room for wide
differences of opinion. The total stock of
gold coin and gold bullion now in this
country, including what is held by the
treasury as well as what is held by the
banks and individuals, amounts to about |
SAC, 1000, 900.
w men came lntO the treasury Q6parG-
ment on the 7th day of March the amount
of free gold on hand had been reduced to
1887 900, but by arrangements with west
ern banks 1t was increased until, on the
1st of April, 1t amounted to nearly 49,.
600, 900. Then heavy shipments began to
be made and two days ego We had only
about $40, 900, but now it amounts to
1885,, 200, after dedueting what has been
withdrawn from the sub-treaeury to day
for shipment. Arrangements are now in
progress by which more gold is to be pro-
cured from the west, and I hope that a
sufficient quantity will be secured to keep
the gold reserve intact.
"There is gold enough in the country to
meet all the requirements of the situation.
and If all who are really interested in
maintaining a sound and stable currency
would assist the secretary of the treasury
to the extent of their abilities the existing
difficulties would soon be removed"
In addition to this statement Secretary
Carlisle said that $500, 1000 In gold had
been taken out of the sub treasury in New
York to day for export. The money paid
into the sub treasury for this gold with
drawal included $400, 900 in gold certifi-
Gates, which to that amount did not re-
duce the reserve, because they themselves
are practically gold; so that actual gold
reduction of the day was only $500, 900,
leaving the balance as stated above. This
is the first considerable amount of gold
certificates paid into the sub-treasury for
gold export for many years and encourages
treasury officials to hope that the banks,
seeing the situation, will continue to pre-
cent gold certificates in part payment at
least for gold withdrawn.