The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-04-23

They Say Secretary Carlisle Must Get Col
by Issuing Interest-B Bearing Paper.

They Say Secretary Carlisle Must Get Gold
by Issuing Ipterest-Bearing Paper.
NEW YORK, April 22.-Naturally enough.
in view of the continued heavy exports Of
gold TO Europe and the uncertainty as to
the treasury policy, Wall street to-day con.
oerned itself almost entirely with ths
various rumors in regard to the attitude Of
the New York banks toward the govern.
ment. The sum of 100000 gold was paid
into the subtreasury in New York to-day
by the Seaman's Exchange Bank. The
Withdrawals were sl.lOO.O0O. II was re-
ported from Washin gton late IN the day that
Secretary Carlisle bad received tenders OF
$1,000. 900 gold. thus lifting the treasury 70.
serve once more above the hundred million
mark.
The most important event of the day was
a long conference between the bank presi.
dents and Assistant Treasurer Conrad N.
Jordan at the clearing house this after.
noon. The meeting lasted two hours. Aft
or 1t was over IL was learned from one who
was present that Henry w. Cannon, presi.
. conference with Mr. Jordan last night
and had gone to Washington as an ennis.
sary from the bankers here to President
Cleveland. This morning Assistant Treas.
urer Jordan issned invitations to the fols
lowing bank presidents TO meet him at the
clearing house for q conference. at o'cloch
to-day: George s. Coe, of the American
Exchange Bank. Williams of the Chemical,
Wright of the National Park, Barker Of
the First National: Ives Of the West
Woodward Of the Hanover. Simmons OF
the Fourth National, Nash of tho Corn Ex.
change Bank, and Galloway Of the Mer.
chants National. At the meeting the finan-
cial situation was thoroughly discussed.
and it was decided that the parity OF gold
and silver must be maintained, and that
the government must meet its obligations
in gold at any cost IL was practically de-
advance no more gold to the Treasures
without an invitation. and even then not q
large amount without bond Issue.
Secretary OF the Treasury Carlisle re-
GENTLY received an offer to deposit gold in
the subtreasury at San Francisco, which
he accepted. The gold was turned in and
payment for it to the correspondents in
New York of the depositor was authorized
by telegraph. The correspondent appeared
at the subtreasury here and received
day and demanded gold for them. Thus q
transfer of gold was made from San Frans
cisco to New York, with saving of freight
and five days interest. and o patriotic
offer of gold was converted into transacs
tion for profit.
Mr. Carlisle will be here Tuesday or
Wednesday to participate in the naval
demonstration and will probably have q
conference with financiers, at least this il
the programme mapped out by the New
York bank officials.
Mr.. Rockefeller, of the Standard Oil
Company, who has business interests all
over the world, says: IL do not believe Mr..
Cleveland will let us get off gold basis.
He can keep gold and silver on parity by
selling bonds. and l believe he will do 1t.
Aside from the gold question. / believe the
administration will have TO issue bonds
anyhow, to meet the expenses of the gov.
nwaA n h Go
the simple uncertainty of the situation. IL
President Cleveland came out In q straight.
forward way and stated that he proposed
to keep the currency on gold basis by issu-
ing bonds no matter how great the amount.
it would answer the purpose. / believe
with such q statement alone the situation
would be relieved enough SO th at no bonds
would need to be issued TO main tain the
parity. The commercial situation through
out the country is in good shape 80 far as
have never been so large as they are to-
day. As to the report abouy our demand
ing gold in paying bills, this applied only
to our goods sold abroad. This stipulation
has always existed in our dealings with
Europe. In our domestic trade domestic
currency applies. 1t has always been this
way. Europe must pay our bills In gold"
May Hoard Gold for a Premium.
CINCINNATI, April 22-Baukers are ex-
ceedingly reluctant to talk upon the gold
situation. alleging that great harm may bs
done by private boarding of gold for Q
premium. They profess to see evidences
now of aitendency in that direction. Mr..
L. B. Harrison, the Oldest banker In the
city. has confidence In Secretary Carlisle,
although he does not clearly understand
his policy. He thinks the opening of the
worlds fair will bring relief from the gold
drain. and that Secretary Carlisle will be
equal to the emergency.
American Currency at Discount
HALIFAX, April 22-One of the oity banks
here decided to-day not to take American
currency at par. owing to she sudden fall
of silver yesterday In New York. All Amer
lean bills paid into the bank will be sent
forward for collection. and the proceeds
realized will be paid to the customera
Some of the Halifax banks have notified
their agents not to take American bills at
all. Brokers are taking them at 10 per cent
discount