New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-05
GOLD EXPORTS AND BONDS.
WALL STREET TALK ABOUT CARLISLE.
FINANCIAL MEN HERE THINK THAT THE SEC
RETARY OF THE TREASURY SHOULD


FINANCIAL MEN HERE THINK THAT THE SEC
RETARY OF THE TREASURY SHOULD
BE FORCED TO RESIGN
Gold t. the amount OF $2,3o0,0O0 was taken
from the sub-Treasury yesterday for export. and
this amount with that taken earlier In the week
makes the total Withdrawals for the week s4'-
$4,000 the largest amount In any week since
August The gold reserve Is now down to less
than $4,000 900, and the decline Of sterling ex-
change at Paris which makes the triangular
operation" possible, leads foreign bankers TO De-
lieve that the exports will continue. Inc regu-
lar normal gold exporting period begins IN rep
ruary. and as gold has gone out at that tie IN
the last ten years there Is no reason 10 oehe'e
that It will not do so again TINS year Az '"e
present rate Of gold Withdrawals the goid re-
serve will be below $780, 900 before FEBRUARY l.
and then another bond Issue will be necessary
unless In the mean time something should be
done to stem the outflow.
II the present Congress would snow EUROPE
that 1t would do nothing hurtful to the hnanciai
interests Of this country, foreign houses "ou'u
huv more American securities. which would tend
to keep the gold here At present there Is p'"'-
&,caly no foreign buying of American stocks
and bonds and the greatest distrust IS iei'
abroad on account Of the attitude OF Congress
Throne does not believe that this Congress VIII
do ANYTHING which will help the general situa-
tim here and until it sees more Improvement III
American securities 1t will take American goiu.
In the last few days there has been gooo ue"i
of foreign selling on the Stock Exchange, ana
further liquidation is sure to follow the coH'i'ueu
exports Of gold. l.. .,o
IN tho stock Exchange the business IN the
three days Of the new year mas not oeen i"'e
although In many instances there nave oeeh en-
coura1lne advances which lead operators 10 pe-
lieve that improvement has begun. Inc CRY III
Wall Street now is for Congress 10 stop 'iiiAei
eng with subjects 1t knows absolutely ho'Hihe
about. If this is done trade prospects VIII NC
brighter. AN,
In the last few days there has been more TAIN
a. Wal, Street about New-York bankers CONFER
ring in Washington with the President III ies".N
IN a bond issue and forcing Secretary Carlisle "
ros,on than ia generally supposed. and many
,eon,e IN the Street who have the best sources vi
Information say that the visit OF two weI-knoM"
bankers to Washington asst week was ioi ' I,,a,,a
press purpose of consulting W ass II is not be-
lieved that any New-York banker Wou. o ~, car.
request the President TO ask for Secre'ais tba
i;sie's resignation, but 1t Is Known .le, ~
u,ishas Of the banking community IN TINS cl's ~, "a
regard to Secretary Carlisle have oeeh PIa,.er
An an indirect way TO the PRESIDENT n,nla
this may be. President Cievela as ~ the bankers
here II he desired them. one 'hIhs 80 ia ,ast
New-York bankers told President se"'ance "a
week was that he ought TO use MS innuen IT,
cot congress to give the Secretary Oh wy 80
ury power to make bond issue on Ias, issues
favorable than those under w, rs been forced to
sxnect nothing from the present ihcoIhpT1s
Congress do not hope that II can oe pho raiief
upon to pass any sound nleaS. .ha, dasnite their
~ Tho Treasury and they fear thal' oesll'e ~
enorts the next bond issue will be on the same
old terms. .,ou ho,a ,ssuA will prob
me IT. soo,er than most people expect II the
srsrroa t,on learned late yesterday 10 the eiiect
that * 600 900 gold would be exported mex. VIZ
is true. 1t is doubtful howevei, ,,s c,tv on the
.ration can float another issue IN ths c.'! ~, ~,
srr,s ~ the last one in view OF the tact thal VIZ
evndicate which took the whole OF .ne ~, ~
bond issue failed to get rid OF the srear rret ;s
a. lust now the Government nonu ma ~ va
.a,,y depressed and although the quoted me "a.
Set price is falling every day IL is no. az al The
fcult to get bonds al even 49, haep one Of the
Condition of the bond market mas pee Oh. ~ ast
~ - conversation in Wall Street Tor the ass
Tow weeks and the great drop IN nv, Thi as has
caused considerable uneas,ness. fore is due 10
hsen nointed out in The Tribune peloiv, -, q cur
~ attempt of the Administering 20 oo ooo &c GOV
49, hill which would throw s-ooooo'ovv ionger
ern , 4, necessary for National banks 10 seou'e
.ha,r circulation by Government o9hts ,,a Adj
The stupid piece of WORK c 1i ,be National
La.rst;nn q plan for remodelling tne ->ts ,,,,
ADMINISTRATORS a by every banker OF. any
raninence In New-York and while the ,at,nn on
s;rsd N expressing their views IoI PT"oaonrv De-
the plan and the h ssss Of the to
S Ss1a Ct in Wall have made wd Pa
to him that interests Of the m San" in
best served ey but apparently he has turned
deaf ear TO their advice. W torard financial re-
that one Of the first steps iO OF John G. Carlisle
Sror his Cabinet place. If TINS welr mower TO
% s would the new Fsfs IF
wants OF the Treasury wou a,,,S he checked.