The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-01
Foreign Houses, 1T Is Said. VIII Take
Long-Term FOur-Per-Cents.
WHERE THE GOLD is GOING
FLOWING FROM THE TREASURY
INTO THE PEOPLES STOCKINGS.
President C1eyeIardss Mangled Bill
anh N Substitute to Be Reported
to the House To-day.
,ecial to the Indianapolis Journal.


WASHINGTON, Jan. a.-There is a
noticeable ease of the, tense feeling of
alarm that has prevailed here since the
special message of the President drew so
graphic a picture of the condition of the
treasury 1t seems generally conceded that
all danger of suspension of specie payment
is over, though the gold reserve Is daily
growing lower. Assistant Secretary of the
Treasury Curtis had not returned from New
York when the treasury closed, and be-
You'd few absurd denials of the real pur-
pose of his visit to New York, nothing ap-
pears to have been learned In regard to the
success of his mission Secretary Carlisle
left the treasury about o'clock in the
afternoon, with directions that any tele-
grams from Mr.. Curtis should be forwarded
to him at once, but nothing was received.
Every indication points to the assumption
thai. negotiations are pending for the plac-
ing Of the one hundred million four-per-
cents abroad. In letter sent to Secretary
Carlisle on last Saturday August Belmont,
the New York representative os the Roth
schilds, stated that it would be impossible
to place loan abroad unless the bonds
were distinctly stated to be gold bonds in
stead of only coin, as they now stipulate,
and it was in accordance with Mr.. Bel
mont's suggestion that President Cleveland
made the proposition for gold bonds, a sug-
gestion that brought upon him the wrath
of the Vests and the Tellers in both
branches of Congress. 1t Is now evident
from New York advices that the repre-
seutatives of the foreign houses will be not
unwilling to take the governments four
per-cents., even though the word gold is
not written in the compact, The result of
! Mr. Gartis's mission VIII be laid before the
action will follow. Inquiry by Secretary
Carlisle at the Bureau of Printing and En-
craving to-day developed the fact that
there is no plate available from which the
four-per-cents. can be printed. and that a
new plate cannot be made in less than a
fortnight. The mechanical preparation of
the certificates is, however, a mere matter
of detail
THE ADMINISTRATION BILL.
The administration bill, in the piebald
manner that it will re-enter the House to-
morrow preparatory to the funeral services
to be held on it on Monday, excites merely
pity. Mr. Springer in his eager haste to
win over enough Republican votes to in
sure a report, has alienated almost all the
strength it should have commanded on the
Democratic side, and tonight it looks as
If he had sacrificed his natural supporters
without obtaining Republican votes in the
House. For it cannot have escaped atten-
ton that Republican leaders in the House
have dwelt with increasing frequency and
emphasis on the fact that the prime cause
of the present troubles lies purely in insult
ficient revenues and that the first step to
be taken toward permanently improving the
condition of the treasury is to enact laws
which will supply sufficient revenue. This,
being interpreted, means that the Repub-
lican leaders believe tariff revision to be
more important that currency revision and
suggests the plain inference that the Re-
publicans cannot be expected to vote for
Democratic currency BILL which. after
ALL in their belief, does not hit at the
real root of the present evil. Hence the
impression grows that Mr. Springer will
find himself egregiousy in errors in count
ing on the solid vote of the Republicans to
help him pass his morfbund administration
bill through the House. And the vote of
the Republicans, analyzed from the stand
point of their belief in the paramount
necessity of tariff revision, may prove an in
teresting indication of what may be ex-
pected from the coming extra session of
Congress.
The total Withdrawals of gold to-day were
$2,377000, of which@ all but 100000 with
drawn from Chicago was taken from the
subtreasury at New York. This leaves the
true amount of the gold reserve s42 3o1. .96S.
To-day's statement of the condition of the
treasury shows an available cash balance
of $15S. .214 49,.
STARTLING DISCOVERY.
startling discovery was made this after
noon in the office of the Treasurer Of the
United States, where there is complied
every day list of the persons drawing
gold from the subtreasury. Hitherto, when
gold has been withdrawn for export the re-
ports in the Treasurer's office have shown
that it was taken out by oay two or three
banking firms but Within the past few
days the list of persons withdrawing the
gold would fill half column of an ordinary
newspaper. The amounts too, vary great
ly, being in some cases as low as $4,000 1t
is evident that the gold is no longer being
withdrawn solely to be shipped abroad, but
that the anxious capitalists in New York
are rushing to the treasury to take out
gold, which they are boarding away Near
ly ten millions in gold have been withdrawn
this week, and only two or three millions it
is said at the treasury, have been really
withdrawn for export
Mr.. Curtis returned to Washington late
tonight and was Immediately driven to
Secretary Carlisles house. where he was
in conference with the Secretary until long
after midnight. There Is grave reason to
believe that Mr.. Curtis'.s report on his
mission to the New York bankers is not as
roseate was at first believed. 1t IS be-
leved there exists among the bankers and
capitalists of New York condition of mind
that borders on frenzy. and that the propo-
sition of the Bank of Commerce of New
York to open gold account with it's de-
postors is only one indication of the we'll
defined desire on the part Of many proual-