The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-04-19
GOLD RESERVE IN DANGER.
Suspension OF Further Issue of Gold
Certificates.

WASHINGTON, April 15.-The continued ex-
port of gold from this country TO meet the
Austrian demand has reduced the free gold in
the u. S. Treasury to 100000. This allows
for the 81, 250 coo taken from the New York
sub-trsasuIy yesterday for shipment by to-
days steamers. In the belief that geld will
continue to be exported for some time to come,
and in order 20 supply the demand for gold
and to replsnish the depleted stock in the New
York sub-treesury. it is stated that
the treasury Departments has been
shipping gold from the treasury TO
New York for the past week. The amount
thus shipped, il is thought. is not less than
$40, 000, goo and may be more. The statement
OF the condition OF the treasury made daily TO
the secretary shows that the net balance is
gradually crawling up, being today $25. 9j7, l39.
OF this sum SllOO.0O0 is in subsidiary coin
and Sl00O0,O0O in national bank depoSitaries.
Secretary Carlisle to-day directed the sub
treasurers throughout the United States to
issue no more gold certificates at present. In
doing 10 he simply obeyed the law which
reads:
'That the secretary OF the treasury shall sus-
pend tie issue OF suoh gold certificates when
ever the amount OF gold oDin end gold bullion
in the treasury reserved Tor the redemption OF
L \. notes falls below 1000 OOO"
In explaining his action on this subject, Sec
rotary Carlisle said this afternoon that while the
$lOO, 100000 gold reserve had not yet been
reached, he was close to il that prudence
dictated that no more gold certificates should
be issued.
ThIs announcement that. for the first time
since specie pAymants were resumed, IL was
Necessary 90 stop the issue OF gold certificates.
was followed 10y the rumor. which was heard at
the capitol and elsewhere. that the president
had decided 20 issue s6,UOO,OOO OF per cent
bonds 10 protec: the gold reserve in case 1t be.
came necessary.
Secretary Carlisle was seen at the treasury
department and was asked: us the TumOr true
that 100000 in bonds have been issued2'
lie replied: six millions oil bonus have not
been Issued" The secretary did NOS state ex-
plicitly that no bonds were 20 be issued. IL
was sscertained subsequently that the prsoau-
tonary measures which had been commenced
under the Harrison administration o. pTepar-
ing TO meet an emergency by the issue OF bonds
IL necessary, had been carried a Ftep further
under the present administration.
Recognizing the fact that the
PREPARATION OF bonds was
matter of tine Secretary Foster had directed
the bureau OF engraving and printing TO pre-
pare q large number OF bonds bearing per
cent interest, "a authorized by the resumption
act. IL was learned that s. O000uO OF these we're
now being advanced in further stages toward
completion, so that il il should be deemed
necessary aud proper 10 issue them or any part
o. them, rather than TO break in upon the gold
reserve the emergency could be met with the
least possible delay.
NRw York, Apr l15-Iueiructious were re.
| ceived at the sub-treasury today from Secre-
tary Carlisle that no more gold certificates will
| be issued by the treasury. The idea is based
on tho law OF July r. 1889, which provides
that no gold certificates shall bs issued when
the net gold in The treasury shall be reduced 10
| $lO000)0O0