New-York tribune., 1895-01-27
THE GOLD SITUATION.
u,,ruDRAwALs FOR THE WEEK OVER
sl40Ooooo
rxppcrArroN IN WALL STREET OF AN
IMMEDIATE BOND IssUE-A7riruDN
or THE BANKS.

,,rr RoNp IssUE-ATTIrUDE
OF THE BANKS
,,. OF $4,000 withdrawn from
"oio ~ rv ~. Yesterday making the total for
t,e 80, .,I 7s o0o or this amount s',76oco was
o-,aa 10 Europe on steamers sai,ii's s.s'e'u",
r,. t,ons are that next week "'nu'd"a's
Ihc inu' ~ an large scale. and foreign bankers
VIII also ~ .he movement will continue despite
oeiieVe ''a , bond issue. Gold is being boarded In
GoVern GoVe. =, the National banks because they are
tne 49,, n let the dscredited head of the Treasury
u"" .a.nt have It, and. II they consent to part
D.t , =, nor a new Government loan they Will with
W." W. q again almost as soon as they have paid
o'a" a. ,be Treasury. The general stock Of gold in
.oun,ry on January !. was s577,3SO.S90. OF this
,n, n the Treasury held s9l. .s7s o2o, leaving NS,-
~, srs IN circulation. The Government now holds
little over sl2oooOOO gold available for the re-
d.mpton Of legai-tenders
TIVE bankers in Wall Street are discussing the
crave situation which confronts the country,
b,. they confess that they helpless TO improve
Il permanently while the present Congress Is SIT
ting and the weak man who Is at the head OF the
Treasury Department Is retained in his place i"e
so-caed financlers in Washington are taking over
the present condition of the National Treasury
and II Is believed that no further appear VIII oe
made 10 Congress for financial relief, and tha'
hond issue will be made early this week.
tohn A. Stewart who represented the Admins
,ra,on in its last bond issue, does not ACCORDING
intenQ
- account Of the action of Secretary Carlisle IN
,,oauc,nc a currency bill which practically wiped
, tho syndicate that took the last issue or bonds
In MACE of Mr.. Stewart, ex-Secretary farch1u
1,u II Is believed. look after the floating OF the
rsu issue. Mr.. Fairchiid and Assistant treasurer
conrad " Jordan were responsible Tor the success
- ,bs first ISSUE which was made year ago, ana
there is no doubt about their Willingness 10 come
oca,n 10 the assistance of the President
TALK ABOUT SIZE OF THE ISSUE.
p.,or,s from Washington yesterday were TO the
cact that the next bond issue would be for $780,
00o 900 Such an issue could be floated, but II wouid
tide over the Treasury for little longer time ana
then another issue will have to be met Fortunate
lv the present Congress goes out OF existence on
March and then, 1t is thought In some quarters
The President will call an extra session of the new
Congress and some financial relief can be given
which 10 w b ane oaied Tna is the
York bankers want to see; for II "oHid teno IL, 10
ducement for foreign capital to be employed in
this country. The bankers Of New,iork & are no,
the impression that despite the slaps they have had
from the Administration they VIII come a 20 s and
that they look for extra session Of Congress 10
drawais from the Treasury the country would soon
be silver basis and THIS phase OF mes ,ne Nancy
heldinss. Hid N >s"-'O'N ' D -. .,,~.,on IN
Withdrawals Of gold from the sub-Treasury Houses
with Washington connections reported that there
and that the general belief was that bond issue
would be made in the early part Of this week 49,
Under the adverse condition of the financiai sltu-
alton the stock market has developed what might
almost be called strength. The changes ~ the
price OF stocks have been little more than fractona
and the market seems TO keep up on the assumption
that the conditions Will be brighter when bona
issue has been made. 49, -.
The TACT that gold bars have been taken from the
assay office for deposit In safety vaults has caused
considerable speculation t. Wall Street and It is
hol{a avad hat he
had become frightened by the steady gold With
draWals.