The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-04-25

The bankers of Roanoke held q meet
Ing yesterday morning in the office of
the president OF the First National
Bank, and testified their confidence in
the solvency oof the national govern
ment and their patriotism by Offering to
substantially aid the government in
meeting the foreign demand for gold,
and kee ping intact in the treasury the
Sl00, 600, 900 in gold now held there in
reserve. The bankers present were j.
w. Coon, II S. Trout, j. d. Fishburne,
j. v. Jamison, S. w. Jamison and s. d.
Ferguson.
j. V. Jamison was selected chairman
OF the meeting and S. w. Jamison acted
as secretary.
The financial situation was thoroughly
discussed and 1t was thought that the
stringency in the money market was
only temporary and that there would
soon be a cessation of the foreign O..
mand for gold.
At the close of the meeting the fol-
lowing msssage was telegraphed to
Hon. john q. Carlisle.
Hon. J. G. Carlisle, Secretary OF the U. s. I reas-
ury, Washi gton, ID. c.:
Approaching your efforts to sustain the credit
ing this m, resolved to tender you all the gold
contained In their vaults for exchange in United
States Treasury notes.
IL accepted wire us instructions as to shipment
telsheo) j. V. JAMIsoN, Chairman.
A few hours later Mr.. Jamison re.
ceived the following message from Sec
rotary Carlisle:
SECRETARY CARLISLE ACCEPTS.
"WAsnINcroS, D. c.. April 81, 1873
j. v: Jamison, Chlirman:
Telegram offering gold received. State
amount and whether You wish payment in notes
delivered ut Roanoke, or made to your New
fo psir CORES pondentsi
To this telegram ans wer will be made
this NOR. ing that payment may be
made in New York, as New York ex.
change is now in demand.
Tho banks urge all c.tiz ms who have
gold in their possession, oven if it is
but few dollars, to deposit 1t this
morning or exchange it with tho bank
for notes, that the am punt sent to the
Treasury may be as large as possible.
The First National Bank alone paid out
$40, 900 in gold last week, and it's return
would aid the movement considerably.
y ] he action OF the bankers was almos
the sole topic OF conversation in fnan
cial circles yesterday, and all united in
praising the banks for their liberal
action. 1t is considered one of the best
u,
Roanoke is tho first city in tho country
whose bankers have united in such an
offer. 1t bespeaks enterprise, libsrality
and patriotism The suggestion origi.
mated with j. V. Jamison, treasurer OF
the Fidelity Loan and Trust Company
The Treasury Stands Firm.
WASHINGTON, April 24.-The authori.
tative statement of Cleveland yesterday
in which he announced the present and
future policy of the administration
relative to the use OF the gold reserve,
has taken the edge off tho excitement
that folio wed the act of tho Secretary
OF the Treasury in dipping into the
reserve fund. Ii there has been any
danger of financial furry that danger
appears now to have passed
Under the Interpretation Of MI
Cleveland's statement that the reserve
is to be treated simply as so much cash
IN the Treasury and whether the aggre.
gate rises or falls few million a day
becomes matter OF little concern
Consequently very lite interest is
mantle sted to day at the Department in
regard to the financial situation Some
offers of yellow metal were received
from the West and accepted, and Treas
urer Jordan, at New York, it was re.
ported, had also received considerable
amount of gold certific ltes Up to
noon the Treasury was not advised as
to the extent of gold shipments for to
morrow.