The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-04-16
GOLD is AGAIN SCARCE.
TIE ISSUING OF GOLD CERTIFI-
GATES SUSPENDED.

The Treasury Department Preparing
Bonds for Readiness in Case of an
Bmergency-A Rumor That S6,OoO,-
900 OF Bonds Had Already Been Is
sued Pronounced Untrue-The Free
Gold on Hand Only 81, 100000.
WASHINGTON, April 15.-Secretary Car
Isle to-day directed the sub-treasuries
throughout the United States to issue no
more gold certificates at present In doing
so he simply obeyed the law, which pro-
vides that the Secretary of the Treasury
shall suspend the Issue of such gold certifi-
Gates whenever the amount of gold coin and
gold bullion in the treasury, reserved for
the redemption of United States notes, falls
below Sl00,000,0 900. in explrininR his action
on this subject Secretary Carlisle said this
afternoon that while the 500, ZOO, 900 gold
reserve had not yet been reached he was so
close TO it that prudence dictated that no
more gold certificates should be issued. This
announcement that, for the first time since
specie payments were resumed, it was neces-
| sary to stop the issue Of gold certificates
was followed by a rumor, which was heard
| at the capital and elsewhere, that the Pres-
dent had decided to issue 1000, 900 of 4 per
cent. bonds to protect the gold reserve In
case it became necessary.
Secretary Carlisle was asked: ''Is the
rumor true that S6,00O,000 of bonds have
been issuedl'
de replied: "Six millions OF bonds have
not been issued.n
BONDS BEING PRINTED.
The secretary did not state explicitly that
no bonds were to be issued Ii was ascer-
| tanned subsequently that the precautionary
measures when had been commenced under
President Harrison's administration of pre-
pairing to meet an emergency by an issue OF
bonds, If necessary, had been carried a step
further under the present administration.
Recognizing the fact that the preparation
Of the bonds was matter Of time Secre-
tary Foster had directed the bureau of en-
craving and printing to prepare large
number OF bonds bearing per cent. inter
est as authorized by the resumption act. Ii
was learned that s. 100000 OF these bonds
we're now being advanced ful ther stages
toward completion. 30 that should it be
deemed necessary and proper TO issue them,
or any part of them, rather than TO break
in upon the gold reserve, the emergency
could be met with the least possible delay
The continued export Of gold from this
country to meet the Austrian demand has
reduced the tree gold IN the nited States
treasury TO 81 100000. This allows for
81 ,250, 900 taken from the New York sub
treasury yesterday for shipment by to-day o
steamers. In belief that gold will con-
tinue to be exported for some time to come,
and in order to supply the demand for gold
and to replenish the depleted stock In the
Now York sub-treesury, 1t is stated that
the treasury department. has been shipping
gold from the treasury to New York for
the pSst week. The amount thus shipped,
1t is thought, Is not less than $4,000, 900,
and may be more.
EXPORTS FROM NEW YORK.
NEW YoRK, April 15.-The exports of
specie from the port Of New York for the
week were $5.SO7, 100, of which 81, $50 ,2O9
was gold and $427, 360 silver. or this
amount S4 SOL 700 in gold and 1920, 800 in
SILVER went to Europe, and S128, 500 in gold
aud 1890 in silver went to South
America.