Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-04-26
NEGOTIATIONS OFF
NEW YORK BANKERS PROPOSITION
REJECTED AT WASHINGTON.
The Administration Against Bond Issue
The Petition of Richmond Bankers
Received by Bir. Cleveland.
fBy telegraph to the pispateh.l ]

WAsHrSGroS, April 2j.-At the Cabinet
meeting this afternoon Secretary Carlisle
brought up the proposition Of the bankers
of New York TO supply, under certain con-
ditions the Treasury Department with
gold. IL was very thoroughly discussed
and finally rejected. What this propOsi-
tion was is not known here, as Secretary
Carlisle declined TO make its terms public.
II was not. however. considered advan-
tareous 20 the government. This was the
elimination of several propositions sub
mitted, one of which was declined last
Saturday. Acounter-propOsltion was then
made by the bankers TO the Secretary OF
tho Treasury, which was received last Mon
day. This was also rejected, and IN turn
tho Secretary submitted proposition to
them, which they also refused 70 accept.
ALL NEGOTIATIONS OFF.
All negotiations. therefore. between tho
Treasury Department and the New York
bankers are OF. at least for the present,
nnd Secretary Carlisle will look in other
directions 10 continue to replete the 1rea-
sury GOLD.
The administration does not desire to
issue bonds and will not do 50 except "a
last resort. That time, in It's opinion, has
not yet arrived. and If its efforts 10 Obtain
EOiO NIt buttts1lul Will Lbb SVbh hp
reached.
RICHMOND BANKERs' PETITION.
Representative Wise, Of Virginia. called
on the President this morning and pre-
scnted q petition signed by bankers and
businessmen of Richmond asking the
President TO issue bonds to relieve the
financial situation. The President re-
ccIved the petition, but gave no indlca-
ton Of what his purpose will be IN the Ill
rectlon of following out the suggestions
made therein.
Tn" Trensury Situation.
WAsHINGTON. D. c.. April 2j.-1he not gold
In tho Treasury this morning over Ani above
tho 6l00,OOU,00O gold reserve f. e9oO,OOO.
THIS accounts for gold taken from the Now ork
subj reasurY for export to-day, also for gold Oi-
iorcd and accepted from Boston bankers. II
does not. however. include the gold which was
offered 70 tho government IRON san Francisco
snd Roanoke. Va. Those amounts VII appear
in the Treasury figures when mo actual cX-
change IS made.
Secretary Carlisle IL m1ch encouraged ~
what he terms tho patrlOuc position taken
by the Boston banks
Gold from Baltimore.
BALTIMORE, MD., April 2j.-PresiIea Douglass
II. Thomas to-day telegraphef Secretary Car
Isle that the Merchauts National Bank - willing
70 put az the disposal Of tho ROvernment SlOO,-
600 IN god, nearly ono halt " the gold which
tho bank holds The offer was accepted. Pre-l-
dent Thomas said TO n representative Il tho sun
that no was prompted 20 BIS action by the state
meut of President Cleveland that 10 IL the tnten-
uOn ot the present administration 10 MAINTAIN
the parity Of gold and silver as far % possible and
that Treasury coin notes presented would hcre-
after be paid in gold a. has heretofore been the
practice. This bold uttefance OF the President,
said Mr.. Thomas, hes had r0assuriny effect Ia
financial circles ana has done much towards re-
storing the confidence which Is 50 much needed
IN the existing feverish condition VI tue none
tary situation.
Amer cIn Money ht n discount.
ToRoNTO, CAS.. April @5.-The city banks Will
accent United states silver certificates only a. "a
discount OF Uer cent. The banks take Ordina-
~ American grccnhacks AZ par from customers,
but will not accept them at ali from strangers.
Business houses have placed discount Of per
cent. on all American bills.