The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-04-26
FINANCIAL DISCUSSION
Bankers to Relieve the Govern
ment In It's Dilemma.
STARTLING STATEMENTS AFLoAT.


eccret Conference Between Assistant Treas.
urerJ Jordan nnd Prominent Banisers-Bie
Shipments of Gold Continue-Rumors
Conspiracies by Shippers.
New YORK, April ga protracted COLI
ference lasting several hours was held ut
thc subtreasury between Assistant United
States Treasurer Jordan and number of
prominent bank presidents. None of tho
bankers would divulge the nature of the
conference, they saying that it had been
agreed that any news given out must como
from Treasurer Jordan. 1t was stated,
however, by people well posted that Mr.
Jordan had submitted n definite PROPOSE.
zion, which was in part that the New York
bankers help the government in it's di-
femma. This report was strengthened by
fhe action of the Boston Clearing House
association in turning over 81, 100000.
Orders were received at the subtreasury
for SS50,000 additional gold for shipment.
Nearly half the gold was paid for in treas
pry notes, 1t is said the government is
considering the ACCESSIBILITY of resuming
giving gold bullion on orders for export.
tIhc practice was discontinued within tho
iast two years because it was thought that
Fl T0'1 was handed out the demand for
Eo'. "Tport would be discouraged some
wi-;t ) banking houses prefer the bullion.
rs every one knows, gold shipments
have increased and not decreased since the
Prlcr was issued. The amount of gold
bullion, mostly in bars, held by the gov
frnment at the present time amounts to
about SIo.0O0,0O0. of which S4S,O00O00 is
stored i'll the vaults of the New York sub
arcasury. y large proportion of the re-
mainder is at the Philadelphia and San
Francisco minis
Result of the Conference.
AS result of the conference, n commun-
Scation will undoubtedly he addressed to
Washington. 1t was generally supposed
that an arrangement would be made
whereby the bankers will turn about S15,
poo, 600 into the treasury. A Chicago special
Auotes President Mitchell of the Illinois
Nrust and Savings bank, the second
largest bank in Chicago, as saying: 1--WE
have given the government S1,500,OO0 gold
I'm the past few weeks and will continue to
exchange gold for the governments paper
obligations of any kind. We will send
hnorc gold hereafter. We have not the
slightest fear that gold will go to n pre-
knium." Another banker says that the
Chicago banks have 900 of gold, and
fhc example of the Illinois Trust and
Savings bank is likely to be generally
adopted. 1t is reported in Chicago bank
ing circles that Canadian banks in Chicago
pre- loaded up with high priced bills of ex-
change, which they are now trying to SELL
Irhcsc bills We're bought when they
Thought gold would 20 to Il premium.
y startling r,lmor to the effect that there
Syas a concerted movement OH the part of
fhc gold shippers and others to make n de-
fnand on the treasury for $50, 900, 900 Of
gold las gained currency and it is sur
miscd that the protracted influence was
due to discussion of this question.
There is about $4,000, 600 in cash in the
Eubtrcasury which will have to he counted
bnd the work will not be completed within
thlrn ,xnrES