The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1893-04-28
THE GOLD BARONS.
H)w the BlOatel Rascals are Showing
Their Hand at New
York.
To keep Up the Scare They Con-
tinue to Send Gold
Abroad.

New YORK, April M.-Secretary Car
isle has sent to Jordan the communica-
ton which Jordan was instructed to lay
before the New York bankers, and Jor-
dan has summoned the latter. Carlisle
wants to know the best way to raise
from S25,OOO,OOO to S50,0O0,OO0 of gold.
Among the plans discussed were the
issue of bonds and temporary loan
Each of those plans had some advocates
among the banks. Carlisle preferred TO
obtain gold supply by exchange for
greenbacke, but the bankers did not wish
to give it in that way. While the con-
ference was going on it was reported on
the street that number Of bankers
who were locked up with Jordan favored
the plan for turning over to the govern
ment S25,O00,O00 in gold in exchange for
legal tender, and that announcement
would be made after the closing OF busi-
ness. According to Saturdays bank
statement the associated banks of New
York held S72,2J0.OOO in specie. Prob
ably more than S50,00O,OOO OF this is i'll
gold. If the secretary of the treasury
could obtain a portion of this it would
undoubtedly help HIM out in his policy
of keeping the gold reserve in the treas
ury as near to Sl00,OO0,0OO as possible.
Their views heretofore have been that
while they were wiling to subscribe to
an issue of bonds to tide over the inter
val before legislation can be accom-
plshed, they were unwilling to give up
their gold ia order that export to Eu-
rope might be facilitated.
A striking event in today's business was
a break in domestic exchange. The in
terror bank gold taken by the treasury
last week in exchange for currency had
been rejected few weeks before because
the bankers stipulated that the govern
ment should pay exchange. Last Fri
day the treasury Withdrew its objections
and offered notes at New York city in
exchange for gold at Chicago. The
necessary result of the transaction was
to create in this city heavy balances to
the credit of Chicago banks. The move
ment of currency into New York which
last week reached to upwards of $1,000
600 ceased at once and the practical re-
suit is the transfer of money from New
York to Chicago to precisely the amount
represented by this weeks anticipated
shipments from the west. Along with
this curious incident came news of gold
tenders in Boston, where the banks
have decided to part with one-half of
their S9,00O,000 in gold. If the gold re-
cOurces of interior banks were unlimited
there can be little doubt tnat these
Gouble transfers would force the hand
o. New York banks and that in defence
of their own reserves, if for no other
reason, they would open their own gold
boards to the government. But national
banks outside this city have little more
gold to offer.
Interior banks which surrendered gold
last week have made handsome turn in
the market, but the precise operation
cannot of course be repeated. Neverthe
less there qre evidences of change ol
sentiment among New York banks which
may lead to an offer to the treasury
That banks will not tender gold unless
in concert, and that some bankers are
steadfastly refusing their consent, is
pretty well known in financial circles;
besides which there is reason to believe
that the proposition Informally made by
the treasury officials has not been gen
orally satisfactory. But there may be
other motives.
Exports Of gold to Europe tomorrow
will aggregate $},200OOO