New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-30
MR. ECKELS GIVES FIGURES
THE NEW CONTROLLERS WILD SlAlE
MENTS OF, GOLD HOLDINGS.
HE THINKS CHICAGO AND OTHER WESTERN
CITIES HOLD THE MOST GoLD-oFFIclAL

HE THINKS CHICAGO AND OTHER "'''i
CITIES HOLD THE MOST GoLD-oFFIcIN
STATISTICS THAT SHOW HIS ERROR
IBr TELEGRAPH TO THE TRInUNE1
Washington. April 20.-An evening paper pnonsn'"
here today quotes "a prominent treasury ~
who may be Controller Eckels-as saying todas A..
"New-York is longer the golo centre ,r,
country. She has been playing great game o. o'"
and irving to impress the world with the iact 'a ''
can embarrass or relieve the present situation rs sue
plcases As matter Of fact there is less gold Ill e"
York than in Chicago and the gold centre Is MeS' "
the Allechenies Mr.. Carlisle Is now III 'hi'aeo
where the gold really is ana Will To-Day ho'o 'o"'
ferences with leading bankers there 49, -,
II cannot be regarded unfair to INFER mat Mr'
ucrn,s who according to his own modest assurance
ahos hccn reading on finance for nearly year. Is
tho oAcal ouo,ed because further ON The writer OF
the paragraph says A.
aMr Eckelss reports show that Chicago Is the
first OF fifteen large Western cities which have heavy
stocks OF gold while New-Iork Is the first Of eight
large Eastern cities with large supplies of gold linus
the Western cities outrank the Eastern both In num-
Der and in amount of gold carried. The gold STOCK
Of the Western cities Is itcmized follows: Chicago,
SID s24, GEO; San Francisco, 81 4O4225; Kansas Ivy
1857 500 Omaha, 81 ,638 7S5: Minneapolis, TJ2o'-
$3.50: St. Pah, S2,O69,o47; Cincinnati. $6l5,317
st. Louis 81 800 sos; Cleveland 81 $50 ,0a7 Louis
ve S239 .O39; Detroit 1907 900; Milwaukee. $780,
O4O; Des Moines. SOL .432; New.Oreans. S34i,324
st. Joseph. No. $l50.1O5 Total S27.6o4,ooo.
ain contrast with this is the meagre showing
made by the Eastern cities as follows; New YORK.
S1243s652; Boston, S4O25,7O Baltimore. 1897
b19: Washington. $259.303; Philadelphia. $l,6Od.ioo
Albany, S314,90O Pttsburg, 81 ,7o5.eo2 and BOOK
lyn, &I33,2s5 Total So2,4l1714.
"The Western states also ahead OF the Eastern
States in their supply Of gold. The reports maze 10
the Controller it should be remembered. do not cover
the supplies OF gold held by private individuals private
banks State banks. But as rule. National banks
are the main repositories of gold, and the Controllers
report indicates very accurately where Is the BULK OF
the country's gold. The Chicago banks have already
rendered the use OF their gold 10 the Secretary OF the
Treasury today's conference OF Mr. carlisle Win
them Is likely TO produce much more satisfactory re-
suits than that which he had with the New Nork bank
ers."
II might not be important to call attention to these
financial vagaries except for the fact that the para
graph which was reproduced here to-day under a
"scare head has been tecgraphed to Chicago news
PAPERS In this relation the following from "Ihe
Boston Herald Of yesterday. the figures contained IN
which are from official reports. will be of interest
ain view of the importance of the gold question at
present We have compiled from recent local reports
of the Controller OF the Currency statement Of the
gold held by the National banks Of the principal re-
serve cities OH the 9th nit. the date OF the latest
return. Our table covers all the cities where III.
National banks report holding OF over $1,000 "
gold Gold held by National banks-New- York, So',-
1902 Chicago, S2O215,62O: Boston. S0,loo'o7"
Philadelphia S7,553.0i0; PttSburg, s33io.i03' -
Louis, s., Still Baltimore. S2ll2,6'9, 81 fan''
s2.O7o31s; Omaha, 81 ,6ls,7o'; Cleveland $153o-
3O7: Cincinnati 81 446.9O7: Francisco, 81 SOD
225 Washington. 81 ,o76963 Milwaukee, sl1"o's4o
tOtil. &112,9oS 4O7. , A.,
ait will be seen that the National banks OF the
fourteen cities held on the 9th nit total Of Sii1 a
95s 4O7 gold As we have not yet seen report lor
the whole country, cannot state With e%actness
what amount OF gold was held by National banks ont
st 81. oitt whit h up IN
tmatinC on the lines OF the previous return h"arli
date December 8, 1892. this outside holding !, prob
ably ranged between $4,000 900 and ~So'o 90, Vo
tonal banks at The date OF the latest return wond
reach total Of sl7oo0oooo We may add mat the the
18th nit held q total Of S9,4o OBJ specie ~ n
doubtedly. nearly the whole Of this was IN goia, Lni
hanks aud the metropolitan State banks had between
them BY their latest general report an aggregate OF
some $50, 1000 gold"