New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-16
THE TREASURY SITUATION.
SECRETARY CARLISLE EXPLAINS HIS
ACTION.
FOUR PER CENT BONDS ENGRAVED AND READY
TO BE ISSUED WHEN NEEDED.

FOUR PER CENT BONDS ENGRAVED AND EEApA
TO BE ISSUED WHEN NEEDED
WASHINGTON April 15.-Sccretary Carlisle today
directed the sub Treasures throughout the tm'eo
States TO issue no gold certificates AT present
In doing So he simply obeyed the law which rehds :
"That the secretary Of the Treasury snail s"spehu
the issue of such gold certificates whenever the amount
n, cold coin and old bullion in the Treasury. reserved
t tho redempion of United notes, falls below
800 1000, 1000"
In explaining his action on this subject, secretary
Carlisle said this afternoon that while the @lVVoV"'
COO gold reserve had not yet been reached he was so
close 1t that prudence dictated 'hat ITO hio'e H'
certificates should be Issued
This announcement that for the hiSt u'he s"'o
snecic payments were resumed. 1t was necessary 10
stop the issue Of gold certificates was followed oy
rumor which was heard at the Capitoi ana eise
whore that the President had decided to Issue
Sc 600 900 worth of per cent bonds TO protect the
gold reserve, in case it became necessary.
Secretary Carlisle was seen at the treasury Dep"
mcnt and was asked, Is the rumor true 'ha'
S6 900 900 Of bonds have been issued p
lie replied "six millions OF bonds have not pesn
Issued" 49, - ,o,as
The Secretary did not state explicitly that no bonds
were TO be Issued II was asceTtained subsequently
that the precautionary measures which had Deem
becnn under the Harrison Administration, oil pre-
narinc 10 meet an emergency by the Issue OF oohuS
necessary had been carried step further "o'i
the present Administration Recognizing ''e la
that the preparation OF o~lds was a matter vi 'i'c,
secretary Charles Foster had directed the bureau Vi
Engraving and Printing TO prepare large hummer ~
bonds bearing per cent interest, as authorzeu w Wv
RESUMPTION act. II was learned that S3,ooo'ooo y.
these bonds were now being advanced iur'her 'o""i
completion 80 that II 1t should be deemed
and proper 10 issue them any part Oh thcii' H''
than 10 break in upon the gold reserve the eiheise
could be met with the least possible delay
The continued export Of gold from this country ~
meet the Austrian demand has reduced the Tree sN
in the United States Treasury 10 Sl,oOo,ooo. iniS
allows for 81 $50 900 taken from the newborn SUI
Treasury yesterday for shipment by 'o-days steamers
In the belief that gold will continue to be eAportco io'
some time 10 come and in order to supply INV w
mand for gold and to replenish the deple'co sum
I'm the New-York SubTreasury, II IS stated that tn'
Treasury Department have been shipping goa I'm I'm
the Treasury TO New-york for the past Week M NE
amount thus shipped, ii IS thought Is not less lh"
$4,000 600 and be more. . r
The statement OF tn CONDITION OF the ircasm!
made daily the Secretary shows that the net Dadc
is gradually crawling mp being To-Day 12o,oo' LOO ;
Of this sum 81 100000 Is In subsidiary com ana
SlO6OOOOO In National hank repositories: , -
The receipts for the half month OF APrii nave
shown a slight advance last year, being %io'
100000 The expenditures, however, have kept close
track with the receipts being %l5,1OO0o0: PENSION
payments commute 10 be the largest single Item OF
Expenditures, being 50 far this month SJ,OoOooo