New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-21
MIR. CARLISLE'S STATEMENT.
NO ORDER TO STOP GOLD REDEMPTION
OF TREASURY NOTES.
ARRANGEMENTS To SECURE GOLD From TIE
wEsT-GOLD CERTIFICATES PAID IN FOR
TIE EXPORT WITHDRAWALS. f

ARRANGEMENTS TO SEIZURE NoI-D fEoM HE
wEsT-CoLD CERTIFICATES PAID IN FOR
TIE EXPORT WITHDRAWALS
Washington, April oO.-secrctary Carlisle night
made the following statement regarding the financial
atuation: In the exercise of the discretionary
power conferred upon the Secretary OF the Treasury
BY the act of July Ia 1890 no has been paying gold
for the coin Treasury notes issued for the purchase
of silver bullIoh. and he will continue to DO so as
long as he has gold lawfully available for that
purpose. Under this process the Government has
been and is now paying gold for snyer bullion
storing the silver in its vaults where 1t is as use
less for any purpose Of circulation or redemption as
iron. lead. or any other commodity.
THE Government, In the first place, issues com
Treasury in payment for SILVER bullion and then
the coin Treasury note is presented at ubTreasury
and the gold Is paid out for II; so that the encct
is precisely the II the gold were paid directly
for the silver In the first instance About ScooO'V
OF the gold whici, was withdrawn from the Sub
Treasury on last Tuesday FOR shipment abroad was
paid out on these coin Treasury notes. No order has
been made to stop the payment OF cold upon these
notes, nor has any been authorized to say That
such an order would be issued.
THE purpose Of the Government TO preserve its
credit unimpared and maintain the parity oil
the two metals by all lawful means Will not be
abandoned under any. circumstances. In view al
the existing legislation the only question for CON
siderauon is as 10 the measures that ought to be
adopted 10 insure the accomplishment Of these pur-
poses, and upon this question there Is, OF course
room for wide differences of opinion.
The total stock OF gold coin and gold bniloA
now In this country, Including what Is held by inc
Treasury as we'll as what is held by the banks ana
individuals. amounts TO about $40. 100000. When
/ came into the Treasury Department on the 'th
day OF March the amount Of free gold OH hand had
been reduced to $937 900, but by arrangements WITH
Western banks II increased, until on April
II amounted TO nearly SIS 100000 Then heavy snip
ments began to be made. and two days ago We h"'
only about $4,000. but 1t now amounts TO Soooooo'
after deducting what has been withdrawn iro" u"
sub Treasury to-day for shipment. Arrangements ar
now In progress by which mere gold Is 10 pe pro-
cured from the West. and / hope tina, suih'i'"'
Quantity will be secured TO keep the god icseF'c
intact. =,
"There Is enough gold in the country 10 hi'e' an
the requirements OF the situation, ana II al WHO "i
really interested in maintaining soma ana s'aUr
currency would assist the secretary cl tle
TO the extent OF their abilities the existing nIheu's
would soon be removed - oo.o.u, cor,s,e
said that $500 600 In gold had been taken out oi te
sub Treasur in NewIOrk today Tor eNport. ny
class OF money paid into the sub treasury LOT t'
gold withdrawal included SlooOOo IN eoiu Cer.,'
serve because they themselves are pracucaIi! sou.
So the actual gold reduction. OF the uay WAS oh9
100000 leaving the balance as stated above:
This Is the first considerable amount OF eoo Ger.
tncates paid into the sub-Treasuiy LOT gou cHPoi.
for many years ana encourages Treasury officials
10 hone that the banks, seeing the SITUATION VIII
continue to present gold certificates In part pay
ment al least, for gold withdrawn for export.