The Portland daily press., 1893-03-09
Its Flow to Europe Has Been
Stayed.
THF MAD RUSH FOR OFFICE AT
WASHINGTON.
There Will Be No Need for Issue of Gold
Bonds-Hawaiian Annexation and the
sugar:Trust-GossipA About Office Seek
ers.

WASHINGTON, March S.-No issue Of
bonds is likely to be made as long as the
800, 0,O0O, 900 reserve remains intact. Cir
cumstances have arisen under which it is
very unlikely that the 500, 100000 will
be trenched upon in the immediate fu-
ture. There was deposit of gold GER
tifcates in this city, yesterday, amount
ing to 100000 made at the Sub-Treasury
by bank which had balance to pay at
the Clearing House and was without suf-
ficient legal tenders to make it, Other
banks were applied to for temporary as
sistance, but owing to the extraordinary
demand for currency experienced by all,
it was found impossible to avoid using
the gold certificates. These were turne t
into the Sub Treasury and legal tenders
obtained therefor. The net gold in the
Sub Treasury was thus increased by
100000, and amounted last night to
nearly $102, 900, 900.
The Treasury is likely to obtain con-
siderable gold in the near future in con-
sequence of the fact that many banks are
forced to draw on their payments at the
Clearing House. And as sterling ex-
change is now below par, it is probable
that the Austrian order for gold, one-half
of which has been filed here, will be
completed abroad, most likely in Lon
don, where almost all foreign exchanges
are now adverse. Consequently it is
quite likely that there may be no gold
exports of importance during the rest OF
the current month, while the net gold in
the treasury will probably show steady
increase.
The Greedy Sugar Trust.
Z. A. Thurston, head of the Hawaiian
annexation committee, by invitation yes
terday, addressed the Washington City
Club ON the general subject of Hawaii
and the United States. Mr.. Thurston
was asked what foundation there was
for the report that in case the islands
were annexed to the United States and
the bounty for producing sugar secured
by the Hawaiian planters, half OF 1T
would go to the sugar trust.
He said that when Claus SpreckelS and
the Sugar Trust consolidated their inter
ests, the representatives of the latter
said to the sugar planters of Hawaii: !:
s'We are ready now to take your sugar
| for a term of five years upon certain con-
| ditions.'' One of these conditions, MI.
| Thurston said, was that if at any time
the Hawaiian planters should receive the
benefits of he sugar bounty provided
by the Mckinley bill, the trust was to
/ have half of the amount paid on Hawa-
iian sugar. ''If you don't like these
| terms, eat your sugar." the trust said
| to the planters. The latter protested,
but had to give in. Speaking of the at
tltude of the commissioners upon the
question of bounty, Mr.. Thurston said
| their understanding of the meaning of
| the terms of the treaty was that the in
strument in itself gave the Hawaiian
| planters no ground to claim the payment
| of bounty on sugar raised on the islands.
speculations on the Offices.
Some official assurance was given to-
| day that ex. Governor Isaac P. Gray, of
Indiana. will be given the Mexican mis-
sion and Patrick A. Collins, of Massa-
chusetts, made consul general at London,
| The Mexican mission has been raised tf,
the first rank. The London consulate
general with it's official salary and its un-
official fees, is believed to be worth $685.
900 a year to the incumbent. Josiah
Quincy, the new first assistant secretary
Of state will not take up his duties until
next Monday.
A Million of Gold Coming from Denver
Secretary Carlisle this morning ac-
cepted the proposition of the clearing
house of Denver, Col, to exchange ST.
100000 of treasury notes of the issue of
1890 for 81, ,000, 900 in gold. This will in
crease the free gold in the treasury to
So, 125, 600. Secretary Carlisle has taken
no steps to issue the bonds and has not
indicated what policy he will pursue.
AT THE BOTTOM.