Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-04-22
LOOKS TO FHE WEST
Carlisle Needs Gold Today to
Protect the Reserve.
OVER SIX MILLIONS TO GO
tnis>S Hesp Arsssss she o1O0. 00O. O0O
VIII h~ isss~neA~a upoa-Whas
the s~csrsasy ssy&

,sasSGroS. April :l-Sis millions
sad a tuAif of dollars In gold. In rouni
naabees has been ordered fos tomorrow
AMI apl-.s help comss to the treasury
department before the heginnng of
business in the norniae the gold reserve
will be- iatreneh<d upoai Tha, this is
- evideat fnsn the fact thai there is
ies- than s..ndSo q free gold "a hand.
Help Is expectsi from the west and
th-S- Are rumorso Il h-lp frcm <ev York.
hut The help has not arrived yet and IL
IL not certain that it will arrive.
seeTvfary Carlisle exNcted wheo
he isSaed hrs statement last night
taat rs effect vould b- goal But the
only eif.ct 10 had here ana. according Ia
reports. on " AL street eas mys'pica-
tlun. No one could tell from q whether
b. available gold" the secretary meant
the handred nillion rererye OF simply
the free gold tiHaaciers we're unable
o. Setermins sh.theT he would ORDER
the payment ot gold on treasury notes
D. stopped when the free gold Vas eS-
nat-ted. a. he thEe strned a. do in the
early part of the ssek. or whether he
hst chsngcd his nlnd and would con
tinge u pay the note. with gold so long
a. There va anF reserve left.
Cold EDr Treasury Notes.
just before the catirrt meeting a cor.
respondent was Informed by an author.
ity admitting - no dispute that the sec.
retary hsd changed his mind and that
the treasury aot~s would not ~ dis
CrimInated against. This change xas
dlc uot % taFilsic- Osu yolirlon. bur
O. thr pressure The other lawyers of ths
cailnot brought 10 tear. IL vas thei-
op,nion that II would sot te proper To
suspsnd gold payments on treasury
notes, - u Souid discriminate against "a
certain kind - c-irrrDcy and GO great
harm The whole subject was brough;
UP ~ the cabinet rneetiag and discussed
at great length. hut the members cam.
torth with fresh ssals over their lips
and none of the s-als had melted.
Wiii Not issue Bond~-
IL sAs also rumor-d that II Cnrlisle
would declare that II the payment a
gold on treasury notes was not s;opt,sd
the New York bankers would come Tor
Nafd With enough gold 10 enable the
secretary to meet all demands and pre-
serve the siOo.OG.0D r-s-rye intact.
Y afh-tf tjiAtt -tt III 81 MS eEnparr3>S
msni ard restore confidence by issuing
houds IL Vas reported h"sevsr. thar
the secretary had aaid he did not have
authority 20 is~ue bonds. aud therefore
ra0aid issue snessS ts-ts Whethes- b
-at that m hopes q iis getting to
" al street and breaking up what
~ believes to be- conspiracy 20
compel him to ls-ue bonds - not known
sucn a hope. however. - t-lieyed t.
have actuated him. Secretary Carlisle
received word while at the cabine; meet
ing that the demands for gold For 10
morrow would cat into the reserve to the
extent of four and one half millions.
Conrad y. Jordan. sub treasurer o!
Nsx York. received HI commission tins
noruir.. and left ou the II O'Clock train
,ar NeV York IT, wi.l .akc sic oath ~
ofher a. siin treasurer al l. o'clock IA,
uriay Aprl - Ills boad - SiaCSp
Nas tins morning examined and ap
proved Mr. Jordan had an interview
With Secretary Carlisle this morning