The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-04-23
THE RESERVE INTACT.
Secretary Carlisle Accepts Gold Offer
Aggregating 1900, 900.

Secretary Carlisle Accepts Gold Offers
Aggregating $1,000, 1000.
WASHINGTON, April %. - The gold
reserve, depleted yesterday, is intact to-
day. Offers aggregating 1000, COO have
been received and accepted by the secre-
tary. He did not think it wise to state
the names and places from which the
offers came. He stated that the treasury
would continue the policy now being pur-
sued, of paying out gold for treasury coin
and notes, and he was at loss to under
stann how any uncertainty prevailed In
the public mind as to the action of the
treasury department. in the premises. 1t
is interesting to note in connection with
the gold situation how, during the past
few years, the treasury has gradually lost
gold. On January 81, 1889, the net gold
in the treasury was $194, 600 600; January
81, 1890, S177 ,000, 900; January 81, 1891,
Sal 900, 900; January 81, 1892, S119, 00O,
600, and on January 81, 1898, sos, 000, 900.
When the day closed the treasury de-
partment had to its credit slightly over
500, 600 in free gold. 1t is expected that
tins will be increased Monday, as there is
disposition shown by western bankers
to help the treasury swell its gold bal
ance. Several banks in New York, too,
started to turn in gold for greenbacks.
| There is better feeling temporarily, at
least, and the fact that no bad result &C.
Cured by dipping into the greenback
| gold reserve leads to the belief that none
will occur if it is found necessary to re-
peat the proceeding, 1t is anticipated
here that large shipments of gold will be
made next week. In case the shipments
are made there is nothing to indicate that
Secretary Carlisle will not do as he did
yesterday, viz: Invade the gold resery
in order TO meet all demands.
The expenditures of the treasury SO far
this month are heavy, exceeding the re-
ceipts by over 81, 900, 200. This has had
an effect of reducing the net cash balance
in the treasury, which today was S24, :
$685. 600. OF this amount $40, 500 600 was
in subsidiary coin and $11, 000, ZOO in
national bank repositories. The exag-
! gerated stories which gained circulation
last night and were widely published to-
day to the effect that at the cabinet meet
ing during the afternoon President Cleve-
land and Secretary Carlisle had serious
misunderstanding which might lead to
the resignation of Carlisle, was officially
denied by members of the cabinet and
officials at the treasury department.
The relations which exist today between
Secretary Carlisle and the president are
as cordial as they have ever been.
What the future policy of the govern
ment may be regarding the finances is
still a matter of conjecture, for definite
course has not been decided upon. The
department will wait developments, and
as emergencies arise it is believed will be
fully able to meet them.
One result of the gold scare has been to
cause a good deal of quiet discussion
among the statesmen left at the capital of
the necessity for an extra session of Con-
gress. 1t is undeniable that some of them
feel that such session is probable, and at
an earlier date even than that predicted
by Vice President Stevenson, namely.
September next.
There is no question as to the authority
of the secretary of the treasury to issue
bonds under the present circumstances
Although the decided weight of opinion
lies in favor OF the proposition, 1t should
also be borne in mind that if the secretary
decides in the affirmative he is still bound
to issue only bonds at the old rates,
namely, 4, 4a and 8 per cent, instead of
per cent. bonds, which is said it is pos
sible to float.