Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-09-14
Treasury officials Show Great Ankle
ty Over Approaching Conditions.
LOCKING TO EXPORTS FOR RELIEF
PI-sident Cleveland Said to Be
Contemplating a Bond Issue.
REASONS FOR IT'S DELAY

The feeling of apprehension that resulted
from yesterdays heavy withdrawals of
gold for export has apparently given place
among treasury officials this morning to a
feeling of even greater anxiety for the
immediate future. None of the higher off
cials now in the city, far as can be
learned, is in Secretary Carlisle's conf
dence 10 the extent of knowing his views
Of the situation his purposes for the
future.
He will not talk, and one else Is able
to speak with any degree of certainty to
what will be done in the event Of continued
heavy drains On the gold balance. Nor are
they disposed to discuss the question at
ALL
AS near as can be judged, however, un-
der these circumstances, the consensus
of opinion at the departnlent is that there
will be no issue of bonds in the near fu-
ture if it can possibly he avoided, and at
least until Congress shall have had an op-
portUnity to reconsider the situation.
1t Is argued there that the urgency for
another bond issue before the meeting of
Congress is not likely to be extreme.
Unusual Falling or in Gotten Exports
The shrinkage in the shipments of cot
ton is ve.y unusual and far below that of
recent years. Large stocks Of cotton are
row held by European manufacturers, and
they are very reluctant to pay the prices
now asked by American shippers. The con-
sequence is that comparatively little has
cfanged hands up to this time.
The backwal dness of the season both as
TO cotton and to grain in the northwest
has delayed shipments from two to four
weeks. and hence the turn of the tide in
favor of American bills of exchange has
leen Correspondingly delayed.
The return of American securities in con-
Siderable quantities and the fact that
money at present finds more ready and
profitable investment in Europe than in
America are mentioned as reasons for the
continued heavy exf ortation of goli,
Return 10 Normal Expected.
1t is said, however, that these conditions
cannot continue much longer, and that
the situation will eventually improve. The
fact, 700, hat the United States has, since
January, 1894. exported more than S120,Oo3,-
600 in gold in excess of imports is mention
ed as a strong argument in favor of a
gradual return to normal conditions.
What action Congress will take in the
after is prCblematical, yet 1t is said to be
more than probable that the administra ton
will present some plan for the retirement
of the United States notes now outstand
ing. These amount to over S24I,5oo,0OO,
and their presence in our currency is re-
earded as a constant menace to our finan-
cial stability. That some measure to this
end will be presented in Mr.. Clevelands
message at the reconvenng of Congress is
very probable, and it is thought that Mir.
Carlisle is now working out q scheme by
which this vast volume of currency can
be retired without any serious financial dis
tIrbance.
RumOr of Another Bond Issue.
At the same time 1t is reported on the
outside that the President is even now in
negC tiation with the bond syndicate for
another Issue of bonds, and that the only
delay in the matter is caused by a failure
to agree as yet on the amount of the issue.
1t is stated that it is because of the pros
pect of new loan that the syndicate has
promised to extend its aid Indefinitely in
maintaining the gold reserve at the
$lUl,0J0,UO0 mark
state of the Treasury.
Today's statement Of the condition of the
treasury shows: Available cash balance.
SlS2 SGS; gold reserve, 500, 60 544; net sill
ver S2l,5sj,UeJ; net silver of 1850, % cents;
United States notes in the treasury, S24.-
Oo''19; treasury notes of $780, 1850 y2,;;
total receipts this day, sl,TlS iO5; this
month, $l3 313I,t1G: total expenditures this
oay, Sl,23,iO0; this month, $l4,292, 800