The times. [volume] (Richmond, Va.) 1890-1903, 1895-11-24
PLAN TO sEC1k GOLD
the TREASURY WILL PAY Foh
TRANSFORMATIONS BOTH WAYS.
President Cleveland and MIR. Carlisle Dc
tcrmincd to Protect the Reserve.
Afenporary Expedient.

WASHINGTON. ID. c.. Nov. 3.-Ths
administration to-day decided upon a plan.
to replenish the gold resolve. which. II
is confidently expected. will have the ef-
feet of deferring for some lime at least
the issue Of bonds for that purpose. The
following circular was sent TO tho sub
Treasury officers:
Treasury Department
Washington, ID. G.. Nov. 3. 1875.
"Sir instructions OF July
9th and August -. lsso. requiring you ~
reject and place a dsstins uisninS marx
Oh all gold CONS presented TO your once
for deposit, which are found TO be below
the least current weight, are hereby 80
modified as TO instruct you, when re-
quested, TO accept all such coins at Nalua-
ION IN proportion TO their actual weight.
such valuation TO be determined by de-
Quoting from the nominal value four cents
for each grain QrOy) found below tho
standard weight on each piece. All ligit-
weight pieces thus received by you are
TO be neid in the cash OF your office scpa-
rate from fut-weignt coins. and each bag
of such coins TO be plainly marked with
the amount OF the face and actual values
of contents.
III the depositor should prefer TO have
the pieces that are found TO be below
the least current weight returned TO him
YOU Will. before returning them, stamp
each piece with the Distinguishing marA
referred TO IN department letter.
(SignoD SCOTT WtNE.
Acting secretary"
GOLD FOR NOTES.
United States Treasurer Morgan follow
ed this circular with instructions TO the
sub-Treasury officers 10 receive United
States gold coin ia exchange Tor paper
currency. Deposits are required TO be
made IN sums or multtples or $u and the
express charges on the gold coin and the
paper currency returned therefor will be
borne by the Treasury Department. Ex-
ccpt In special cases. the Treasury has
never before paid express charges both
ways on gold deposited In exchange for
paper and on the paper.
The banks have for years endeaNorea
10 induce the Treasury 10 do this. and
the fact that II has at last done SO Is
evidence that Secretary Carlisle has de-
termined as the President has hereto
fore announced would be done. 10 exercise
all the means In his power 10 maintain
the gold reserve.
II Is not believed that this new depar-
ture viii be permanent, II Is looked upon
"a a temporary eNpcdlent 10 obtain gold.
The expense 10 banks and others has al
WAYS been large IN securing new currency
In cases Of redemption ana in paving eN-
press charges on the returned currency
when gold was deposited for IT, Under
this new temporary arrangement the
Treasury pays the charges heretofore
borno by the bankers.
THE GOVERNMENT RATE.
The rate paid by the Government unieE
its contract with the express companies.
however. Is less than the rate charged In
diyidual shippers. The Government rate
IN all territory east OF the Pacific slope
IL nifty cents a Si.Oo0 for gold and twenty
cents $1,000 for paper. u will be the
aim Of the Treasury 20 keep the sub
treasures supplied with all denomina-
lions OF currency 50 that depOsitOrs may
receive what they desire promptly.
They will not have to wait until the GER
tihcate OF the gold deposit is transferred
10 Washington.
Treasury officials explain that confln-
ing shipments 10 500. or multiples there
OF, is to keep within the terms OF the
contract with the express companies.
This restriction does not apply TO local
deposits OF gold IN a sub-treasury city.
where any sum may be deposited and cur
rency received for the same.