The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1893-04-22
UNCLE SANS FINANCES.
Carlisle Issues d State
ment Regard ig Thsm.
THERE is ENOUGH OF GOLD
1.-THE DATED States 70 Msut ali ihe Rsaairmsn,.
q Tha aisua.ion, II An Who arc able
win Aaaist the Secretary.

i wAsnlNaroa, April 90. Secretary
i Carlisle Thursday night made tho FOL.
lowing statement regarding tho finans
cinl situation;
i In the exercise Of the discretionary
\ power conferred upon the secretary Of
the treasury by tho net Of July ii. 1900.
he has been paying gold for Tho coin
treasury notes issued for tho purchase
Of silver bullion. and be viii continue
70 do 70 rs long as he has gold lawfully
available for that purpose. Under this
process the government has been, and
Is now, paying gold for silver bullion,
and storing tho silver ia lis vaults,
where y Is as useless for any purpose OF
circulation or redemption AS Iron, lead.
or any other commodity.
The government in the first place.
issues a coin treasury note IL payment
for silver bullion, and then the coin
treasury note Is presented at a sub
TREASURY and the gold Is paid ont for Il:
90 that the effect Il precisely tho same
as Il the gold were paid directly for tho
silver In the FIRST instance About $780,
600 Of the gold which was withdrawn
from the sub.treasury On last Tuesday
for shipment abroad WINS paid out on
these coin treasury notes No order
has boon made 70 stop the payment Of
gold upon these notes; nor has any ono
been authorized 70 say that such an
order would be issued. The purpose or
the government 70 preserve liz own
credit unimpaircd and maintain tho
parity Of the two metals by all lawfrl
means will not DO abandoned under
any circumstances
In view Of the existing legislation
the only question for consideration ia
as 70 tho measures that ought to DO
adopted TO insure tho accomplishment
q these purposes. and upon this qucs-
ton there i Of course room for wide
diffcrences Of opinion. Tho total stock
Of gold coin and gold bullion now In
this country, including what Is held BY
the treasury, as well as what 81 held ~
thoSbanks aud individuals, amounts Is
over s7t0. 100000 When came 10 tho
treasury department on tho 7th day Of
March the amount Of free gold ON hand
Ind been reduced 70 s0s7. 600, but by
arrangement with western banks Il
was increased. until on the LIST Of April
II amounted 70 nearly Is. 600 600.
Then heavy shipments began 70 DO
made. and two days ago we had only
about go, 900. but now Il amounts 10
ssS5,o0o, after dcducting what was
withdrawn from the sub-trensury
Thursday for ahipmenk Arrangements
are now IN progresa by which moro
gold u 70 be procured from the west.
md hope that q sufficient quantity +
viii be secured 70 keep the gold reserve
intact 4
There Is enough gold In the country
TO meet MI the requirements 81 the
situation. and II all who nro really In
tcrested In maintaining sound ana
stable currency would assist tho secro-
tary 81 the treasury to the extent of
their abilities tho existing dilicnltiea
would soon DO removed. .
In addition to this statement Sccrc-
tary Carlisle said that $500. 900 ID gold
had been taken out Of tho sub-treasufy n
IN New York Thnrsday for export Tho
class Of money paid into the sub-treas-
ury for this gold withdrawal Included
100000 In gold certificates, which. 10
that amount, did not reduce tile gold,
reserve. because they themselves were
gold. So the hctual gold re-.
duction Of the day was only $500, 900.
leaving the balance us stated above.
This Is tho iirat considerable amount
Of gold certificates paid into tho sub
treasury for gold export for many
years, and encourages treasury officials
70 hope that the banks, seeing the sitt-
alton, will continue to present gold
certificates IN part payment AZ least FOR
gold withdrawn for export.