St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-02-12
REACHED THEIR LIMIT.
New York Banks Do Not Wish to
Advance More Gold.

New YORK, Feb. 11,-The steamship
La Bretagne, which sails today. carries
IS. 100000 American gold coin, of
which s.. 10000 was Withdrawn from
The sub treasury. The total gold
exports for 1898 to date amounts to
S15.650,00O. The steamship Servia, also
sailing today, carried 250,000 ounces of
silver and 105, 600 Mexican dollars. The
total shipments of silver Tor 1898 to
date amount to 2,l62, 900 ounces, and
100000 Mexican dollars.
The local banks, it was learned today,
will not volunteer further AID to the
treasury and will do so reluctantly even
OH request. Many of the banks which
have thus far contributed aid
concur in the principle laid down
by which the banks which have held
aloof. These latter. as has been re-
ported, say they will turn gold into the
subtreasury as members Of the clearing
house, but not as individuals. They
hold that the clearing house should act
as whole, and that assessments
should be levied on the hanks on
the basis OF their gold holdings.
1t is generally un lerstood today that a
conference Of bankers will be held on
lllG arrival vi AOcCIGIdly IOSltI ILLS
evening. and COMPTROLLER Hepburn, who
was in Wall street during the day, is
thought TO have arranged for the attend
ance of several bank presidents. The
So, $50. 0O0 gold taken for export yester
day was paid for wholly in treasury
notes or United States notes, no gold
certificates being rendered. The sub
treasury report in this city this morning
showed S37, 129, S5l.5O IN gold coin.
The assistant treasurer. MIR. Roberts,
said Sl,000,00 more had beeL received
this morning by transfers. No receipts
from the banks were recorded. Inquiry
among important shippers this morning
showed all expectation of normal con-
tinuance OF shipments Oh their part.
Statements circulated today that the
foreign bankers most prominent in the
gold export movement had announced
that they would hereafter sell bills
only to mercantile customers, and
refuse to accommodate demand
from bankers, attracted much at
tention. Inquiry. however, devel-
oped the fact tEat these reports had no
foundation. The result Of registered
packages containing securities had
been noticed for TWO years by the post
office clerks in the department, and
now it is considered simply the
usual thing for the registered mail Of
a banking house IN single steamer to
require from 500 to 5000 postage. This
gives an idea Of what the movement of
securities to this country from europe
amounts to. q. G. Williams, president
of tho clearing house, said TO-DAY that
he had 10 doubt the shipments of gold
would continue; but" he added, lad
vances from the banks have about
reached their limit. There may be aid
forthcoming from some of those banks
which thus far have not lent any as
sistance, but the banks which have
turned gold into the subtreasury will
not, think, be disposed to do much
more in this direction. l hope Secretary
Foster will prepare to take immediate
action He should, l think, meet the
situation face to face, and issue bonds.
There is no other way Of ma intaintng
the parity of the two metals. In no
event must we be placed on silver
basis"