Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-05-01
THEY ARB BLUFFERS.
False Impressions Created by the New
York Bankers.

WARRINGTON. d. c., April 29.-No
better indications OF the the restored
confidence in the financial situation Is
necessary than the fact that no gold
exports were made from New York to-
day, and it does not appear now that
any large amount will go out on Tues
day, and perhaps none at all.
The plain statement made 70 the
New York bankers by Secretary Carlisle
appears 70 have allayed the apprehen-
sion that existed. Gold offers continue
to be made, the last city to offer asSis-
lance being Little Rock, Ark, which
sends 81, 600, 600, the gold TO be ex-
changed for legal tender. All these
offers are being accepted, and
IL necessary, can be called
for by the Treasury De-
partment at any moment, but until the
exchange is actually made the free gold
does not appear on the Treasurer's daily
statements, which accounts for the fact
that the books OF the department show
only 500, 900 OF free gold, although the
amount which Secretary Carlisle could
utilize is probably little over S2,0O0,-
600.
Assistant Secretary Hamlin Is much
pleased at the situation, which he de-
scrbes this afternoon as most promis-
ing"
The statement of Secretary Carlisle
that every effort of tho administra-
ton will be exerted in the direction OF
the repeal of the Sherman silver law" is
regarded here as an anti-silyer edict, and
the announcement has aroused and
placed on the alert the FREQ silver adj
vocates. The latter assert that they
are ready for the battle, and everything
promises lively silver fight in the
next Congress.
New York is no longer the gold CEN
tire of the country, so far as the gold in
National banks is concerned" remarked
a prominent Treasury official this morn
Ing.
''She has been playing great game
OF bluff and trying to impress the world
with the fact that she can embarrass or
relieve the present situation as she
pleases. As q matter Of fact there is
less gold in the National banks OF New
York than in Chicago, and the gold
centre is west Of the Aleghenies. Mr..
Carlisle is now in Chicago, where the
gold really Is, and will to-day hold con-
ferences with leading bankers there"
On March 9th, last, the Comptroller
Of the Currency called for reports from
all national banks as to the amount Of
gold on hand. As between New York
and Chicago the reports show the
amount OF gold held to be, New York
ST., AIS 652; Chicago, S14, STAG This
brings out the important fact that the
demands which have been made by the
New York bankers during the recent
crisis were largely in the nature Of
bluffs"
As between the West and the East
the former has S54, 100000 Of gold in its
National Banks. while the East has
only $50, 900, 900. Here is an interest
ing statement:
Gold in Western cities. S97, GOA, 500;
gold In Eastern cities. S92, All, TIA. gold
In Western States, S25, 541 ,002; gold in
Eastern States, Sic, 70S,5 $50.
The Chicago banks have already ten
dered the use Of their gold to the Secre-
tary of the Treasury, so the conference
of Mr.. Carlisle with them is likely to
produce much more satisfactory results
than that which he had with the New
York bankers.