Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-04-24
|%u LDll lOlN.
TWO MILLIONS TAKEN
Gold withdrawn From the Sub
treasury This Morning.
DISTURBANCES IN NORTH CAROLINA.
Taking the Old Liberty Bell to
Chicago
L ID
DISTURBANCES IN NORTH CAROLINA.
THE HOME RULE BILL.


TWO MILLIONS OF GOLD TAKEN.
Assistant Treasurer Jordan Comforting With
New York Bankers.
NEW YoEK, Aprl 2i.-The explicit statement
Of President Cleveland that the government
would continue to ray out gold for treasury
notes as well as for greenbacks and that it had
never had ary other intention had the effect Of
partially clearing the financial atmosphere
today.
The balance of trade. however, is still against
this country was shown by the fact that
$4,000. 900 more gold was taken from the
subtreasury this morning for export. Half of
1t was paid for in treasury notes. This sum,
with what was taken last week. but not
sent. will. it is believed. be shipped tomorrow
or Wednesday. the total amount to be for
warded being in the neighborhood of "a .000. 900.
1T is expected" said one bank president,
that we shall continue to ship four or five
million dollars of gold a week until the demand
is over-that is. until the balance of trade is
reversed or until some of our unmarketable
products are sent forward and can be drawn
again.
CoSFERRING WITH Mr.. JORDAN.
Conrad n. Jordan took charge of the sub
treasury this morning as assistant treasurer.
J. Edward Simmons. president of the Fourth
National Bank: Henry W. Cannon. president
of the Chase National Bank: Brayton Ives
president of the Western National Bank and
Charles J. Candy, ex-assistant treasurer.
were in MIR. JORDAN 8 private room. They were
in consultation with Mr.. Jordan for some hours
During that time Geo. S. Coe, president of the
American Exchange National Bank called and
saw Mr.. Jordan twice. Mr.. Coe declined to be
quoted in relation to Mr.. Clevelands statement
on the situation.
Mr.. Jordan and the bank officers mentioned
were still in conference at IL o'clock. 1t was
rnm0rpl he han no
suit OF the conference. would turn $4,000, 900
or so DOC. 900 of gold into the treasury.
Mr.. Fairchild joined the conference little
before noon.
The continued calling in of loans due to the
desire OF foreign bankers to transfer their Gus
toners balances to Europe disturbed the
market for call loans today. The
rate opened at 10 per cent against on
Saturday. receded to and after midday
was 1a11 per cent. On the other hand. sterling
exchange was easier, some of the Canadian
banks reducing their posted rates half cent to
ASS and 40. Brown Bros. reduced theirs to
4.s71 and 4.S915. The tendency of the market
is downward. There were considerable offer
ings of bankers bills. principally against gold
shipments TO Canada. The absence of COM
mercial is still remarked.
BAsELEss RUMoRs.
The withdrawal of gold from the subtreasury
for export, amounting to 80, 900 .OGO up to 1890
p. M. utilized to depress the stock market.
The ST -eet has not fully recovered composure
after the exciting events of the past few weeks.
and is apt to get historical on the slightest
provocation.
For instance. today a rumor was circulated
that a concerted demand would be made on the
subtreasury for something like SO. 000, 900 to
600 in gold either tomorrow or Wednes-
day. This led to a vigorous selling move
ment, while the positive announcement that
the Boston clearing house banks had turned
over $4,000. 900 in gold to the government and
a rumor that tine New York city institutions in
tended to follow suit with a deposit Of ten
fifteen millions failed TO exert the slightest in
huence