The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1894-11-23

WASHINGTON, Nov. 26.-Surprise and
disappointment prevailed in the treas
ury department today when it vas
found the Withdrawals of gold from the
sub-treasury in New York for the day
footed up sl,64S,OOO. Secretary Carlisle
arrived at tacit understanding with
the New York bankers who we're con
suited before the call for bids we're is
sued that the gold for their purchase
should come from the bank reserves
and not from the sub-trsasury. On &C
count of that understanding the off
Gals Of the treasury department have
been confident until to day they would
secure a net gain Of gold as a result of
the sale of bonds which would amount
to almost as much as the entire price
paid for the bonds. Even the with
drawal of nearly s1,5O0,0O0 from the
sub-treasBry last week did not cause
any special uneasiness. The action of
certain banks, today, however, leads to
some fear that there may be syste-
metic plan on foot to take out all the
gold necessary to make the first pay
ment on the bonds before the day for
opening the bids arrive.
Withdrawals for the day added to
those for last week bring the total to
date since the circular was issued up
to S3,O500GO Owing to the fact some
gold has been received from day to day
through the minis the net loss to the
gold reserve has not been quite as large.
AS the circular issued by Secretary
Carlisle allows bidders to pay for their
bonds IN five installments there will be
required for the first payment next
Saturday but little more than sl0O0O,-
600, and if Withdrawals are continued
at the present rate the treasury will
not gain a dollar of gold on the first
payment.
Then, before the second payment
falls due, ten days later, the money
could be drawn out again and the op-
Grafton could be repeated until all the
payments have been made, so that in
the end the treasury would not have
a single dollar more gold than before
It is still hoped at the treasury depart
ment there will be little more gold
withdrawn, and after the first payment
has been made and the successful bid
ders are known, arrangements can be
made by which all the deferred pay
ments can be made from gold outside
of the treasury. 1t is recognized at the
treasury department the bankers who
were consulted by Secretary Carlisle
had no power to bind all the other
bankers in New York City. The banks
which are drawing gold from the sub
treasury are not pursuing a course cal
culated to bring themselves into high
favor at the department, and it was in-
timated today that the secretary might
see fit to exercise his discretionary
power to reject bids under the, circular
and reject the proposals emanating
from the men who have made this raid
upon the gold reserve.
On the other hand, it is said the sec
rotary dare not reject any bids without
some very good cause, for the banks
Disseminated against in the matter of
bonds could raid the sub-treasury at
once and draw out all the gold the
bonds might put in. The treasury has
almost come to the conclusion it is alb
solutely at the mercy of the New York
banks and the gold reserve can be
maintained only by their assistance,
the government being powerless in the
matter under existing law.