Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1893-04-30
THEY ARE BUFFERS
False Impressions Created BY tho Nov
York Bankers
CHICAGO HAS MUCH MORE GOLD
Than New York, and the Gold
Centre Is In the West and Not
In New York Chicago Banks
Have offered Their Gold to
Secretary Carlisle - Western
States Lead in Gold Holdings.

WARRINGTON, d. c., Aprii ee.-No
better indications Of the the restored
confidence In the icancial situation Is
necessary than the fact that no gold
exports were made from New York to-
| day, and 10 does not appear now that
any large amount will go out on Tues
day, and perhaps none at sll.
The plain statement made 10 the
New York bankers by Secretary Carlisle
| appears to have allayed the apprehen-
sion that existed. Gold offers continue
to be made, the last city to Offer assis-
tance being Little Rock. Ark, which
sends s.. 900, 000, the gold to be ex-
changed for legal tender. All these
offers are being accepted, and
| II necessary, can be called
for by the Treasury De-
partment at any moment, but until the
exchange is actually made the free gold
does not appear on the Tressurer's daily
statements, which accounts for the fact
that the books OF the department show
only 500, 900 OF free gold. although tho
amount which Secretary Carlisle could
utilize is probably little over s2,00o,.
600.
Assistant Secretary Hamlin s much
pleased at the situation, which he de-
scribes this afternoon as "most promis.
| ing."
| that "every effort OF the administra-
ton will be exerted In the direction OF
the repeal OF tho Sherman silver law" 10
regarded here as an antl-silver odict, and
the announcement has aroused and
placed on the alert the free silver ad-
vocates. The latter assert that they
are ready for the battle, and everything
promises lively silver fight In the
next Congre
New York is no longer the gold con-
tre OF the country, 30 far as the gold In
| National banks is concerned" remarked
a prominent Treasury Official this morn.
| ing.
"She has been playing great game
Of bluff and trying TO impress the world
| with the fact that sne can embarrass or
| relieve the present situation as she
pleases. As matter OF fact there Ia
less gold In the National banks OF New
York than In Chicago, and the gold
centre Is west OF the Alleghenies. Mr..
Carlisle ia now In Chicago. where the
| kOiu lbdtJ i-s oud to-t1r hoft ttor-
ferences with leading bankers there"
On March 9th, last, the Comptroller
OF the Currency called for reports from
all national banks as TO the amount OF
gold on hand. As between New York
and Chicago the reports show the
amount OF gold held 20 be, New York.
sl2, 43s $50; Chicago, si4,si4,66o. This
brings out the important fact that the
demands which have been made by the
New York bankers during the recent
crisis were largely In the nature OF
I "bIuffs."
| As between the West and the East
the former has s54. 900, 600 OF gold in It's
National Banks, while the East has
only $4,000, 900. Here Is an interest
ing statement:
Gold 10 Western cities. s27. .s04. 500;
gold in Eastern cities. s22. AL ,774. gold
in Western States, s25. .54i. .002; gold in
Eastern States, $40, 79s, $50.
The Chicago banks have already ten
dered the use OF their gold to the Secre-
tary OF the Treasury. so the conference
OF Mr.. Carlisle with them is likely TO
produce much more Satisfactory results
| than that which be had wits the New
| York bankers.