The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1893-04-19
CARLISLE'S LEVEL HEAD
TO FIGHT THE NEW WORKERS
Some OF Them Are Trying to
Force a Bond issue-Thsx
VIII De roolea-rhs
Plan.

tsosi to-day 10 cvasi6cFcd 20 10 casssr than
yes,eriay. Treasury officials aro more
connoene THAN they wcso ~ hours ago,
snd 10 tho minds of all tho impression has
oecosne STRONGER that it may not bc ucces-
sesy tor the secretsry TO take any action
woscs wiil change the policy Of the do
partmont. This feeling 10 said to be due
70 tho fact that the announcetts nj has
bcen practically made that the euvsrn.
mont would only. as o last rosoarcs, turn
TO tho issuance OF bonds. This firnA aud
deternsinosi position OF Carlisle has, they
say. alrcatly had beneficial effect and.
no soon as bccusnes known that the sec.
rstaiy OF tho treasury seriously considered
the adv!sabili,y Of stopping tho payment
tf gold coin for treasury notss issued
under the silver act of July IA, 1850, the
situation will present . very different
phase and the shipment Of gold which 10
looked upon as . means for forcing the
administration 10 Issue bonds will come
to an end.
Tho cabinet meeting to-day was do
voted TO sonnc extent TO the confederation
OF the financial situation, and Il ls be.
iscved that tho secretary Of the treasury
wMi be upheld Ia his advice TO stop. for
tue present, che payment In gold OF treas-
ury noies> Under the silver oct Of 1900,
mere afe at present outstanding $50, 0,00O..
on In notes, and they are being con.
vanity redeemed In gold at the New York
sub-trcasury. Their redemption In gold
oas bccn q matter Of accommodation on
the part OF the treasury department, ms
the Law gives the secretary of the treasury
discretion AZ to whether they will be re.
deemed In gold or silver. Nov that the
xnI6 I'm I0nfa Ia al r1H..oo<o
ofthe treasury IL considering the advisa.
hility Of using his discretion and paying
these notes In silver. II the secretary Of
tho treasury determines 10 take adyan-
tage OF the discretion gwen him BY the
silver purchase law, Il will be more diff.
ficult matrer for New York brokers to OBJ
tain gold certificates, and treasury notes
would leave them with less paper upon
which gold could be obtained.
There 10 q feeling among sotns men who
have been prominent In financial circles
that, should Secretary Carlisle issue On
order stopping this redemption, Il would
approach souAething Of . sensation, but
those who are best posted. claim that
noting Of tho kind would result, and still
insist that IL Il became apparent that Sec.
retary Carlisle Was to adopt this course
fhe New Yorkers who have been repre-.
v,nted as trying 10 push the government
into an embarrassing position would see
that their efforts are In vain and gold
would again begin to flow into the treas
ury. II they arc correct IN this sursnise.
will be unnecessary for Carlisle to take
a1y further action.
The confidence Of the treasury officials
Is increased by the knowledge that Conrad
NJ. Jordan, tho new suh-treasursr at New
York, will probably enter upon his duties
tomorrow morning. His ability Is particu.
larly we'll thought Of here, aud with bis as.
sistabce. II 10 believed that Secretary Car.
Iisie will successfully meet the situation.
After the cabinet meeting Q reporter
saw Secretary Carlisle, but he politely de.
clined to discuss the financial situation.
The policy that he has held for some time
10 that OF preferrinG not to forecast any
action until the necessity for II arrives.
Several small offers Of gold have been
received from the West. These oiYers az.
grceate less than s600, 600 and will not ap-
pear on tho treasury books for several
days. At eastern points slight incrcass
In gold 10 noted. tho free gold having In
creased to-day 81, 900. making q total. ns
shown By the books OF the treasury to-day,
Of eG5.560. There 10 said to have been
also slight increase In New York, which
will not be shown until tomorrow. Infor.
nation received At the treasury depart.
ment indicates that the gold shipments
for next Saturday will not bs heavy and
there may be none Mt all.