The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-04-24
NEW WORKERS ExoIrEp.
They Want to Know What tho AdminIstra'
tion Means to DOin Puturc,

They Want to Know What tho Administra'
ton Means to DOin Future.
New YoRK, April 2S,-Conrad N. Jor-
dan, the new assistant treasurer in
charge of the sub-treasury here, was
swornin at noon yesterday Mr. Jordan
has been afamiliar figure atthe sub-tTeas-
ury for many years, Mr. Jordan had
many callers. All wanted to ascertain
the financial policy OF the administra-
ton. Further than to refer to the
order received yesterday by Mr., Muhle,
man from Washington directing that all
obligations must be met in gold, Mr.
Jordan had nothing to say.
Immediately alter Mr., Jordan was
sworn in the treasury officials from
Washington, who are to count the
money in the sub-treasury in his inter-
est and the interest OF the bondsmen,
got to work.
Assistant Treasurer Jordan's first step
was to invite a number OF the bank
enthusiastically national bank pTesi-
dents-to meet him at the clearing
house to talk over informally the fnan-
Clul sltuullOH' 4uo ulnCueslOA AastOA
most OF the afternoon. 1t was not salts
factory to either the bank presidents or
to Mr., Jordan as far as the future was
concerned.
All OF those present agreed that the
parity OF the two coin metals must be
maintained, and thAt tho obligations Of
the government must be met in gold
when gold is demanded.
While the bankers were in session
word came from Washington that Bee
rotary Carlisle had given out that the
gold reserve, depleted yesterday, had
been filed up again by offers aggregat-
ing nearly 100000. Mr.. Carlisle de-
clined to give the namea of his gener.
Gus friends.
Tho bankers said emphatically that
none OF the now gold to which Mr.. Car
Isle referred came from New York, 1t
was thought likely that it had come
from Chicago or San Francisco. 1t was
considered strange, though, that the
secretary declined to give the new,found
source OF gold. Most OF tho gold is here
in New York. The New York banks
have about $70,0OO,000.
The information from Washington
tended to prolong the discussion. Ac-
cepting the announcement that the re-
servo was full again, what was tho sec.
rotary to do in the future? Tho balance
OF trade is computed to be anywhere
from S40,000,000 to S50p000,000 against
us.
There were limitations that it is the
administration policy to continue to
draw on the reserve until gradually the
balance OF trade turns in our favor,
which it may do the sooner il tho grain
shipments, at present somewhat spor-
adic, increase in volume The Worlds
Fair travel from Europe, or tho ex-
penses incident to it, may have some
effect in that direction.
1t was pointedly said that tho banks
in New York would not turn any large
amounts OF gold into tho sub.treasury
without an equivalent. Everybody
knows that this equivalent means
United States bonds. Finally the meet
ing agreed that all that is known OF the
administrations policy was the order
issued Friday to continue to meet all
demands in gold,
Secretary Carlisle is expected in New
York on Tuesday or Wednesday at the
naval parade festivities. Maybe he will
meet the bankers before he returns to
Washington. 1t was generally believed
that by that time he would be ready and
willing to talk over the situation with
the New Workers..
President Henry W. Cannon, OF the
Chase National bank, after talk with
Mr.. Jordan and President Simmons last
evening went to Washington at mid
night. President Cleveland has per-.
sonally invited Mr. Cannon to retain
his membership Of the international
Monetary Commission. This practically
disposes Of the repor. circulated some
time since that the May meeting OF the
conference in Europe had been aband-
oned by the Cleveland administration.
1t was said at the sub.treasury that
S2,0OO,O0O gold would be shipped on
Tuesday. Yesterday Sl,000,000 was
ordered for Tuesday, 100000 by Held
elback. Ickelheiner & Co. for Europe
and 100000 for Canada.