The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-08-03
Mr.. Carlisle Has Plenty
of Gold.
THE RESERVE MADE GOOD.
There Is a Surplus in the Treasury,
and Millions More Are on
the Way.
Special to TUE MORNING CALL.

| WASHINGTON. Aug. 1.-For the first
time since April 20 last. when the gold re-
serve Tell below the S1.000.000 mark. the
reserve has been made good. The gold in
the treasury to-day amounts to $780,
701.370 or S791,370 free gold. This gold is
from Europe, Mexico and the West
Indies. much of it being gold sent out
from the United States during the late
| spring and early summer months. In
formation in treasury circles indicates
that there is S10.O0000o now on its way
| from Europe to the United States and
most of this, it is expected. will find its
way. as usual. into the treasury.
| While the gold reserve Is intact and the
| free gold is climbing up, the treasury net
balance is declining it is stated to-day the
amount being SIT, PSI 900. The receipts,
too, for the past two days have been dis
appointing, business troubles throughout
the country having an effect upon the
Government revenue. Everything that
can be done is being done to relieve the
situation. Secretary Carlisle to-day.
| after a conference in New York with
eminent fnanciers. directed acting Secre-
| tary Curtis to send the following telegram
| to the $50 bank repositories throughout
| United States:
| Your authorized balance is hereby fixed
at par of security. Transfer the excess.
whenever practicable, to the nearest sub
| treasury"
'Ths action Of the Treasury Depart
| ment will release to the banks about
100000 and is intended, as far as practi-
cable. to relieve the financial stringency
prevailing in the country.
The circulation statement issued by the
| Treasury DEPARTMENT to-day shows the
amount of gold and silver coin and GER
| tificates, United States notes and ma
| tional bank notes in circulation on August
/ was S1.611, ,099.117. an increase during
! the month Of July of S17.237.606. The
| increase during the last twelve months
was, in round figures, S9,0O0.0OO The per
| capita rlation, based on an estimated
population Of 67,066,0O0 on August l. was
$24 O2.
| Three national bank failures were re-
ported to Comptroller Eckels this morn
ing. The Ell Paso National Bank at EI
Paso, Tex. capital S150.000; the First Ma
| tiOnal at Birmingham. Ala, capital $780,
600; the Waupaya County National Bank
| of Waupaya, Wis, capital $4,000. Tha
Birmingham and Ell Paso banks carried
quite heavy line of deposits.
Thomas A. Marlow was to-day appointed
receiver Of the Mon tana National Bank at
| Helena
NEW YORK, Aug 2.-Frederick D. Tap
pen. president of the Gallatin National
Bank and chairman of the clearinghouse
loan committee, said to-day that several
large national banks were going to buy
some Of the United States per cent bonds
held by the savings banks and take out
currency against them. There was no
syndicate nor concerted plan by the Clear
ing-house banks in the matter" he said.
1T was simply individual action between
the banks. 1t was expected the banks
buying bonds would get them for a little
less than the current market rate, because
| if the savings banks were compelled 10
put large amount of their bonds on the
open market the price would certainly be
forced down to 1O4 or 1O5. and perhaps
even less"
This afternoon Secretary Carlisle
iunched with Sub Treasurer Jordan
and ex-Secretary Fairchid. Later he
visited the sub-treasury and custom-
house. He met no bankers and said he
had DO opinion to express on the financial
situation or the probable action of Con-
vor Of allowing the national banks to issue
circulation to the par value of the bonds
deposited as security. There was no like
lihood of any action by Congress on that
point at the extra session. however.
| DENVER. Aug. 2.-T. L. Jeffrey. presi-
dent of the Rio Grande. was to-day ap-
pointed receiver of the Rio Grsnde South
ern. on application of Otto Meyers of the
| latter.
| MILWAUKEE. Aug. 2.-An Official notice
| has been issued by the st. Paul Railway
ordering cut of 10 per cent in the wages
of all employees of the commercial depart
ment whose pay exceeds $50 per month.
| ELYRIA, Ohio. Aug. 2.-The Lorain
Manufacturing Company, the largest brass
works in the country. has failed assets
$4,000, liabilities S125.OO0.
CHICAGO Aug. adam Smith & Co.,
wholesale liquor-dealers. have assigned.
Assets S15O,O00. liabilities $125, 000
| NEW YORK. Aug. 2.-Sulzbacher, Glitter
man & Wade, importers OF woolens, made
an assignment to-day without preferences.
| The business is an old-esta blished one,
having been founded in 1856 In 1878 they
were estimated to be worth S1.0OO.00 but
the business has fallen off. and lately the
capital was estimated at only $3.50, 600.
| The attorneys estimate that the liabilities
are $l20.000. with assets nominally the
| sane.