New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-22
TREASURY OFFICIALS FEEL BETTER
ENCOURAGED by THE FACT THAT 40 GOLD WAS
WITHDRAWN YESTERDAY.

WITHDRAWN YESTERDAY.
Washington Nov. u (SpeciaD-A somewhat live
Her confidence IN the substantial Of Secre-
tary Carlsles effort to repiensh the Government :
stock of gold by the sale OF his new issue Of bonds
was felt at the Treasury Department to-day. The
run OF the last few days upon the existing reserve
which has caused some annoyance to Treasury
officials was thought to-day to have fairly eX-
hausted itself. additional Withdrawals OF any
consequence were reported from Ncw-York. Up to
date the sum lost AT The NewYOrk Sub-Treasnry
through the presentation OF greenbacks for ex-
change Is placed at trlne over 10000 about one
hair OF the amount necessary to be used in making
the first payment the new issue. II the run Is
not resumed tomorrow and Friday there Il rea-
sonahle prospect that the Treasury. by means OF
an understanding with the bidders whose proposals
Il accepts 10 make no further inroads on the reserve
may clear some H4UooO in coin on the proposed
issue and thus bring the reserve up to about the
desired sl0OO00c1o mark The gold reserve now
stands at about 100000.
II is uni sputed that Secretary Carlisle has con-
troll Of the situation far as the allotment OF the
bonds Is concerned and also that such allotments
will he made with the prime object of increasing
the Treasurys stock OF gold. Consequently favor
will be shown 20 those bidders who propose 10 use
their own in preference 10 those who have drawn
their gold from the Treasury In exchange for legal
tenders and Treasury notes. This discrimination is
other conditions OF tho bids equal According TO
the terms OF the Treasury circular the time for the
submission Of proposals for the bonds VIII expire at
noon on saturday and proposals received after that
hour Will receive no consideration Until that hour all
tn. proposals Will remain sealed and will be treated
as confidential They will be- opened together AT noon
on SATURDAY and will be Immediately scheduled for
the consideration and action Of the Secretary The
allotmenis will not be announced however until
Monday and tho successful subscribers will not re-
ceve official notice OF the acceptance of their
Offers until Tuesday AZ the earliest. consequently
the first payment OF % per cent will not have to De
made until Tuesday.
According 10 the circular bidders whose pro-
posaIs are accepted Will be- required TO pay % per
cent In gold coin gold certificates upon the
amounts of their bids soon "a they receive notice
Of the acceptance Of such bids. and 10 pay IN Tx"
coin or certificates an additional ~ per cent at the
whole is paid, but they may At their option pay TN
entire amount OF their bids when notified OF accept
ance or at any tim" when an lnstaiment l. pay
able The first payment however. OF not loss thdl
~ per cent must h, made when the bidder receives
notice of the acceptance of his proposals. -
The evident disadvantage under when Ut" lr,dS-
ury now lahors in maintaining IN" soli r. ~,
caused a revival OF talk about tn" prob1b.e piss'S'
Of a law recurring a certain percentage OF import
duties internal revenue duties 10 be pad III goo
coin Snch a step would Of course. involve the
danger Of driving gold AT once - a premium ann;
indeed there is little likelihood that congress Wouh
sanction such a radical measure. II l. asrc'd now
ever that the present method Of maintaining me
gold reserve by bond issues Is Wholly ln'Hec'lNr
and fuiil, one and that a stable reS"rV" must
he provided Tor either by devisinS new means Tor
securing gold coin payments or wlhdrawlns III. on.-
moment upon the Treasury TO be exchanged into