The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-28
From Sundays Second Edition.)
boarding Gold.

F'rom Sundays Second Edition)
Honrding Gold.
NEW YORK. Jan. 2S,-The heavy with
causing much comment. Yesterday $780,
900 in gold bars was taken from the sub
L per cent, which amounts to 81 $50 on
million The names of the purchasers of
these bars were not given. It is under
stood that several more millions will be
purchased tomorrow There seems to be
no question among the leading banking
houses with regard to the boarding of
gold. During the last few days it is UNI
derstood that q good deal of gold has
found its way into private vaults. at the
instance, it is generally believed, of Hebrew
spectators and prominent hebrew houses.
A Wall-street firm, whose name the
ceived proposition from some spectators
of the class mentioned to receive and
carry colo, advancing par on it in current
funds at per cent. interest and agreeing
to divide the profits equally should gold
go to premium. In other words, there
is a disposition very distinctly manifested
to trade in gold and traders are willing
to pay at the rate of per cent. for carry
ing it and divide the profits, should there
be any, with the capitalist who advances
the principal 1t may be addeu that the
gentlemen making the proposition intended
to deposit the gold in lots of moderate
size-say about $4,000 each-according as
they were able to secure it from the banks
the government or other repositories of the
metal.
A leading banker, on being requested to
express his opinion in regard to the with
drawal of gold, said Il presume that the
great during the coming week it has
been during the present. We shall, unless
some extraordinary e diversion is created on
upon a silver basis. / cannot say exactly
how soon, but our drift in that direction
has been enormously accelerated by the
events Of the week and the recent course
mo, / do not look for any serious dis
tJIrb noip aij with fi,dj
selves upon a silver basis. There is too
much money accumulated and too little use
for it. The effect of our being upon silver
basis would be only gradually manifested,
and would take the shape of a steadily de-
preciating currency: that is to say. our cur
rency would gradually recede until 1t rep
resented the price of silver. Necessarily as
its purchasing power decreases III the drec-
ton l have stated silver ought to advance
in price, and it would not surprise me if the
price of silver and the silver OF currency
met each other half way. think that this
being established upon gold. In any event
the result will be reached slowly and with
snf there no e Was asked n
store of gold?''
Certainly not" was the reply mo new
issue of bonds can now be taken. OF course
small amount would be taken, but mean
to say that the Secretary cannot float an
upon conditions similar to those upon which
he ., got t, his last $4,000 GOO out. out ,.,r ~
bonds be taken at price,
Certainly he sad at price, "but it
is not to be expected that the government
will consent to put itself in that position.
Besides it is better, all things considered,
that we should arrive at a definite end of
the whole matter. We going to do
business on a silver basis. That is settled,
and the sooner we begin the better. 1t i'm
plies no danger of any kind We shall have
\ plenty of money in the market. AMI with the
disappearance of the existing uncertainty
it will be found good enough and cheap
enough to stimulate business. One thing
you may rest assured of, and that is that
it is demonstrated that we are
on silver basis prices OF all staples and
securities Will show marked and, in my
Judgment, an extraordinary rapid advance
The view taken by this gentleman is
shared by few of his associates Bankers
generally expect to see the coined gold now
in the Subtreasury wiped out in a few
hours. The result is awaited with appre-
hension.
Secretary Carlisle is generally blamed for
the present condition.
SatOlE the Press.
WASHINGTON, Jan. 26.-The tenth an
nual dinner of the Gridiron Club, given to-
night. at the Arlington Hotel. was one of
the most successful ever given by this club
/ Walter 3. Stevens, Washington correspond
ont pf tba C1oha- ID hi