Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1893-04-25

CAKLlDLE's VIEWS.
He Makes Dtatenent Regarding the
Treasury Department
Secretary Carlisle made the follow
ing statement on the Goth inst. re-
garding the financial situation:
sOn the exercise Of discretionary
power conferred upon the Secretary
of the Treasury by the act Of July IA,
1890, he has been paying gold coin
treasury notes issued for the pur-
chase of silver bullion, and he will
continue to do so A. long as he has
gold legally available for the pur-
pose. Under this process the gov
ernment has been, and now is, pay.
ing gold for silver bullion and stor-
ing silver in the vaults where it is as
useless for any purpose Of circulation
or redemption as iron, lead or any
other commodity of the government.
In the first place the government IS
sues q coin treasury note in payment
for silver bullion, and then the coin
treasury note is presented at the SUBJ
treasury department and gold is paid
out for it; so the effect is precisely
the same as if gold were paid out di-
reetIy for silver in the first instance.
About 100000 of the gold which
was withdrawn from the sub-treasu-
~ last Tuesday for shipment abroad
was paid out on these coin treasury
notes. No order has been made to
stop the payment Of gold upon these
notes. nor is any one authorized to
say such an order will be issued.
! The purpose of the government to
preserve its own credit unimpaired
and maintain the parity of the metals
by all lawful means will not be aban.
doned under any circumstances. lr
view of existing legislation the only
question for consideration is as to ths
measures that ought to be adopted tt
secure the accomplishment of thest
purposes; and upon this question
there, of course, is room fer wide dit
ferences of opinion.
The total stock of gold coin ant
gold bullion now in the country, in
GLIDING what is held by the treasury
as we'll as what is held by banks an
individuals, amounts to about $74O,
100000. When / came into tn
treasury department on the 9TH ds
of March the amount of free gold o
hand had been reduced to $685., ,OO(
but, by arrangements with wester
banks. it was increased until on tn
1st of April, it amounted to nearl
g 100000. Then heavy shipment
v began to be made and two days ag
It we had only about $4,000, but no
IS it amounts to $SS5,000, after deduc
d ing what has been withdrawn fro
Il the sub treasury today for shipmen
Il arrangements are now in pr
r gress by which more gold is to (
Ie procured from the west and hope
e sufficient quantity will be secured
or keep the gold reserve intact. The
lie is gold enough in the country
II meet all the requirements OF the 81
s. uation, and if all who really are il
terested in maintaining sound al
'e stable currency would assist the Sc
10 retary of the treasury to the exte
e. of their abilities, the existing dit
ut culties would soon be removed"
ne In addition to this statement, Sc
he retary Carlisle said ssoo,Ooo in GO
to was taken out of the sub-treasury
be New York today for export. L
as class of money paid into the su
ty treasury for gold Withdrawals incl
ed ded 100000 in gold certi6cat
ay which, to that amount, did not redu
:or the gold reserve because they the
selves were practically gold, so
l.. actual gold reduction for the day v
nv only 100000, leaving the balance
-, stated above. This is the first CT
%, siderable amount of gold certifica
~ paid into the sub-treasury for g
,.e export for many years, and It
ed courages the treasury officials to ht
the banks, seeing the situation, '
continue to present gold certi6ca
ng in payment, at least, for gold wi
hat dIawels for export.
rs" THE treaty with the Nez Per
,ell for the disposal Of their unallot