The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1893-04-28
PUBLIC FUNDS.
An Official Statement from the
President.
The Administration Proposes to Maintaip
the Public Credit on a Gold Basis
The Inroads on the Permanent
Reserve Made Good.
Statement from the President.

Statement from the President.
WASHINGTON, April 24.-President
Cleveland saws: The inclinat ion on
the part of the public to accept news
paper reports concerning the intentions
of those charged with the management
of our national finances seems to justify
my emphatic contradiction of the
statement that the redemption of
any kind of treasury notes, ex-
cept in gold. has at any time been
determined upon or contemplated by
the secretary of the treasury or any
other member of the present admins
tration. The president and his cabinet
are absolutely harmonious in the de-
termina ton to exercise every power
conferred upon them to maintain the
public credit. to keep the public faith
and to preserve the parity between
gold and silver and between all finan-
cial obligations of the government.
while the law of 1890 for forcing
the purchase of a fixed amount of silver
every month provides that the secretary
in his discretion may redeem in either
gold or silver the treasury notes given
in payment of silver purchases, yet the
declaration of the policy of the govern
ment to maintain the parity between
the two metals seems SO clearly to reg
ulate this discretion as to dictate their
redemption in gold,
''Of course perplexity and difficulties
have grown out of the unfortunate tinan-
cial policy which was found in vogue
and embarrassments have arisen from
ill-advised financial legislation con-
fronting us at every turn: but with
cheerful confidence among the people
and a patriotic disposition to cooper
ate. threatened dangers will be averted
pending legislative return to better
and sOunder financial plan.
The strong credit of the country is
still unimpaired, and the good sense of
our people. which has never failed in
time of need, is at hand to save us from
disaster"
The Gold Reserve.
WASHINGTON, April 23.-The gold reserve de.
pleted yesterday is intact to-day, OCerS aggre-
eating over 81, GOJ 900 having been received and
accepted by the secretary this mor:ing.
Secretary Carlisle said he did not think in
justice to those who were disposed to supply
should be published, and for that reason alone
he did not think it wise to state names and
pieces from which the offers came He was
feeling quite good over the fact that the offers
aggregated a sufficient amount to make the gold
reserve intact and leave little free gold in the
treasury. He expressed the hope that it would
continue to increase so that he would be able to
meet any demand on the treasury for gold next
Tuesday.
MIR. Carlisle stated that the treasury would
continue the policy of paying out gold on notes
and that at an early hour yesterday when it
seemed that the reserve would be encroached
upon he notified the treasurer at New York to
continue paying these notes. He was, there
fore, at loss to understand how any uncer-
action of the department in the premises
That the uncertainty Still lyrevails however
is evident from the numerous kilograms re-
ceived by the president and Secretaries Car
Isle and Lamont and from tho further fact
that several prominent New York bankers are
here to-day for the purpose if possible, of get.
ting better and clearer knowledge Of the
financial situation from personal interviews
with cabinet officers and treasury officials
1t is interesting to to note in connection with
he gold situation during the past few years
that the treasury has gradually lost gold. Janu-
AIRY 81, 1889, the net gold in the treasury was
e9a, 900 coo: January 81 1890, sl77 600 900; Janu-
uary q, 1891, lIl00,OO0: January 81, 1872, sIi9
)oo, OOS and January 81, $685. elOs,OOO,0)l