The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1893-04-24
SEVERAL MILLIONS Short.
The Gold Shipment Saturday De-
pletos the Treasury.
TR0UBLEABoUT GOLD,
Baals WIN Fsasaly n Issaea son TAe ssarsity i
Geld with supsnsanasnee atsilvst win Make
aDisrrty Esswesa tas txo Metals,

WASHINGTON. April as Tho gold ne
serve 81 slo0.O00, GOO ia tho trcasnry
has been broken and the shipments Of
the yellow nctal SATURDAY Is Europe
leave II several millions short This Is
4 state Of affairs that the republicans
carefully avoided, though tho Harrison
administration feared is coming ever
since the beginning 81 issla
II WAS easy 10 understand that II the
reserve We're broken the scarcity of
gold could not bc concealed, md the
gold dollar would command i premium
nt once. This, with the supernatural
ancc 81 the deprecated silver would
make d great disparity between the two
metals.
Tho refmAaito issue gold certificates
WAS tried last wsnk and effected but q
temporary halt Ii was then proposed
m refuse 10 pay gold for treasury
bullion notes. This would hive made
d big barrier against the advance on
the reserve, but Il would only have
been partial stay. A third plan WAS
proposed, and that was 10 buy gold
with United States notes and u pay d
premium for transportation il ncceSsn-
ry Neither If the two Inttcr PROPOSE
tions had chance of trial, fer the
reason that the avalanche az foreign
shipments overleaped the 500, 900. 900
point and nude any action on the part
IN the government appear almost
useless
Thus far, III actual practice, the par
ity Of gold and silver has been nnin-
tanned, even at the sacrifice of the ~
serve. III the notes presented % the
treasury in exchange Tor gold. includs
ing treasury notes and United States
notes, ill were treated alike and none
Disseminated against Hut few be-
licve this artificial relation can be sue
ccssfully maintained. Carlisle docs not
want to issue bonds u ret more gold
Indeed hi doesn't believe III II Az Ill.
He contends that Ii bonds were issned
u obtain gold II would be only d matter
of time when the gold would again dis
appear and he would have 10 issue more
bonds to get moro gold 80 long ns the
process of exchanging treasury notes
for gold Is continued IN process which,
as Secretary Carlisle himself stated
"a. i .as
coin % the treasury and exchanging II
for gold.
Al the cabinet meeting lit which ali
the members ~ the cabinet were press
Gnt with the exception 81 Secretary
Herbert, 81 the navy department, the
financial situation was almost the ~
elusive topic Of discussion The meet.
ing lasted for two hours and d half
Secretary Carlisle found that the
orders for gold up 10 about o'clock
had wiped out the free gold, and in
vaded the gold reserve To the extent of
~, 5a7 900. As far MS IL can be officially
asccrtained, this Ii the amount taken
ont 81 the gold reserve for export Sat
urday, although IL Is unoiiicially stated
that 100000 in gold, had been with
drawn from the sub-treasury ut Boston
for export TO Canada.
III So this would make about 80 900, =
600 IN gold taken ont 81 the country for
shipment, and leave the gold reserve
invaded 10 the extent Of Sg,0DO,O0O, or
the total gold IN the treasury al s9G,-
900, 600
II Is believed that this invasion Is but
temporary. and that within few days
the depleted reserve will be restored To
its original figure si0O, 000, 900.
While nothing official In the shape d
an order can be obtained here, as TO the
decision Of the treasury department In
regard to the payment IN gold 81 treas
nry notes ~ 1900, the fact that these
notes are being paid In gold upon pre-
sentation proves conclusiyely that they
will be redeemed as heretofore. The
construction placed upon Secretary
Carlisles statement given TO the, press,
was that when he reached the limit 81
the gold reserve he would use discre-
ton, and pay this class Of notes pre-
scented for redemption In silver.
1t is the opinion Of some of the most
conservative inanciers Iii treasury cir
cles that this action 81 the government
IN continuing to pay the notes Of 1900 In
gold, must inevitably lead in the near
future to 4 bond issue, is the rate Of
exchange, which was Friday 400 to
49O16, Is the highest that II has been for
eight years, and would 81 itself, were
there no extreme causes, lead 10 q
large export Of gold simply for CONNER
cial purposes.
Murderer Jones' Joy.
CoLUMBIts, o., April 2s.--E. II. Jones,