The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1893-04-22

ments that the reserve has been cut into,
counting subsidiary coin as part OF the
available funds of the treasury. Differ
ehce OF opinion exists as to whether sub
sidiary coin should be thus counted. If
not, then The reserve has been encroached
upon seven times previous to now.
Just before the Sub Treasury closed
this afternoon it was reported that the
officials were notified of the demand to
be made tomorrow for 100000 in god
Tor shipment on Tuesday, and there was
an additional report, not verified, that
100000 more would be taken on
Monday.
OF late it has been favorite supersti-
ton that if the reserve dropped below the
limit the result would be disastrous, not
only to values, but also to the mercantile
community. The fact that the shock has
been comparatively slight has caused an
easier feeling about the future, although
there will doubtless not be any surprises
II movements in stocks, as well as in
money and sterling exchange markets,
are erratic for some time.
Manager Sherer of the Clearing house
SAID with regard to the gold situation: II
do not think any action is necessary, as
no artificial restriction that could be placed
upon the export of gold would mend
matters in the least or check it. w are
simply coming TO a silver basis in the
natural course of events, and if the pres
ent mode of financiering continues we
Will soon have no gold in the country,
but will have plenty of silver"
CARLISLE'S INTENTIONS NOT UNDER
STOOD.
New YORK, April 2I.-Secretary Car
isles statement on the gold situation
was the subject of general conversation
on Wall street this afternoon. 1t is not
favorably received, on the ground that it
was felt to be indefinite. Most of the
bankers expressed themselves as unable
to comprehend the Secretary's intention
with reference to Treasury notes.
j. Edward Simmons, President of the
Fourth National Bank, said: Mr.. Car
Isle has announced no policy. His
words mean nothing so far as the situa-
ton OF the question is concerned. Some
OF the foreign exchange dealers are again
allowing premium of one-eighth of l
per cent. to those paying for their remit
tances in gold"
Russell Sage said: 81 believe that if
the people do not lose their heads we
shall weather the storm, and that the cur
rency question will eventually be ar
ranged satisfactorily. 1t is a pity, how
ever, that Secretary Carlisle does not
take bold stand upon the subject and
give US an idea of what he intends to do"
At the Sub-Treasury it was ascertained
that 3, 100000 in Treasury notes were de-
posted against the Withdrawal of an
equal amount in gold. OF these notes.
100000 were Treasury notes and the re-
mainder in gold certificates and United
States notes.
Cashier Muhlemann of the Sub-Treas-
ury has not received any word from
Washington to make change in the
method of receiving payment for gold.
one of the features of the money situa-
ton to-day was the calling in of loans by
foreign houses who intend to make add
tional heavy shipments of gold this week.
This operation led to decided change in
the market for call loans, which advanced
steadily from to u per cent. at 80 P. NJ.
The actual engagements of gold ship
ments up to 1880 a. NJ. were S4,64O, 900.
probably to 90 Tuesday