Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-04-18

WASHINGTON, d. c., April 1.-THE
policy TO be pursued by the Treasury
Department regarding the financial sit
uation was probably determined At q
consultation held this afternoon be-
tween Secretary Carlisle and President
Cleveland. All efforts 20 learn tho re-
suit OF the conference have thus far
failed.
The Star says:
"Mr. Carlisle is understood to be OPP
posed TO the issuance Of bonds, for the
present at least. IL IS his Judgment
that 1t would be preferable TO utilize q
portion OF the gold reserve fund until
it becomes apparent that the issuance
OF bonds is an absolute necessity.
among the officials OF the Treasury
Department. not the least fear or APP
prehenslon Is expressed OF any financial
embarrassment growing out OF the gold
shipments. They are satisfied, they
say, that the shipments are being forced
by those who would bo benefited by the
issue of bonds. and that as soon "a
brokers and bankers are positive that
their attempt to force the issue OF bonds
Will Dt uStltcSs JusA ~ oSSu WIZ WV
gold shipments cease.
Secretary Carlisle absolutely declined
to outline his future financial action,
preferring TO awit the arrival OF the
emergency before indicating what he
would do. II will be remembered that
when Mr.. Carlisle assumed the control
OF the Treasury Department the free
gold was reduced 20 very small figure.
The officials feel that II Mr.. Carlisle
was able to meet the demand az that
tine he can do so again"
tits understood that there Is some
difference OF opinion between President
Cleveland and Mr.. Carlisle as TO what
course should be pursued, the President
rather leaning toward an issuance on
bonds. should the free gold be entirely
exhausted, while Mr.. Carlisle feels
that IL would be better financial
pollcy TO use for the present
a portion Of the gold reserve, which he
believes tho Secretary OF the Treasury
is legally entitled 10 do. IL II becomes
apparent that the exports were 70 con-
tipuo in large amonGrS he would then
probably consent 10 the 0fne .isSAe.
In the order Of the Secl taryA Sat-
urday directing that no more go'u GER
tliicAtes oe issued at present, Mr.. Car'
Isle is considered 10 have taken an ex-
cellent precautionary measure, and the
action Is generally commended.
There are three things which can DO
done: bonds can be issued, the gold re-
serve utilized 10 snch point that II IL
not considered advisable 10 utilize any
more OF II, or the coin certificate might
be paid I'm silver dollars Instead OF gold,
"a IS now done. IL Is likely that tho lat
ter course will be adopted, should
the emergency arise. IL Is thought,
however. that II the present month can
be tided over that the financial situa-
ton will assume q different appearance.
Most OF the spring importatlons have
been made, and the travel OF foreigners
10 this country will be begun. The
number OF persons which usually go
abroad each summer will bo
greatly reduced on account or
the Worlds Fair aud on
the other hand, citizens OF foreign
countries are expected 70 visit this
country in large numbers and will un-
doubtedly spend a great deal OF money
while here. This, IL Is believed. will
readIust the balance Of trade. II the
predlctions and beliefs OF some OF the
Treasury officials are fulfilled, the gold
shipments will probably cease by the
end OF the month and the amount OF
free gold in the treasury again In
crease.