The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-08-08

the published statement accredited to
French paper TO the effect that the
Austrian govern. -uent made demand on
Admiral Dewey to confirm or deny his
alleged statement to the effect that
our next war would be with Germany,
the state department officials point out
that it would be a glaring breach of
diplomatic prOprieties to communicate
on a diplomatic subject with a United
States naval officer directly and out
side Of the lawful channels. 1t would
moreover, be a matter of complaint
should Austria have addressed Admiral
Dewey on a matter relating entirely
to Germany and the United States.
INSTRUCTIONS TO MINISTER
POWELL.
United States Minister Powell, at
Port au Prince, has cabled the state
department that he has received it's
instructions relative to the violation
of his legation and the arrest of Du
ViVier therein by Haytien officers. He
has already notified the department
that upon his demand the Haytien
government promptly released Du Wv
ier, who is now enjoying an asylum in
the legation. Without making any ex-
plicit statement as to the character of
Mr.. POWelPs Instructions, the officials
of the state department do not conceal
their intention to proceed deliberately
in the matter, and to refrain from
,surrendering Du Vivier if he is to be
made the victim of arbitrary or lille
gal methods.
TO ISSUE $4,000, 600 GOLD CERTTFI-
Gates.
The treasury department today made
reQuisitiOn upon the bureau of engrav-
ing and printing for the printing Of
100000 600 gold certificates in denomina-
tions of $40 each. The treasurer now
holds a large unissued supply of cer-
tifcates for the larger denominations.
1t is the evident intention Of the treas
ury department to be in a position to
issue gold certificates freely for gold
coin, should the fail movement Of cur
rency lead to demand at the treasu-
ry for gold certificates in exchange for
gold coin. 1t is to be noted that while
gold coins can be freely had in denom-
nations of So and SO, the law restricts
the issue of gold certificates to denOm-
nations of $40 of multiples thereof. 1t
is a debatable question, therefore,
whether gold certificates will adequate
ly meet the demand for money of
small denominations
1t is now apparent that in the fall
movement of the crops there will be a
pressing demand for more currency or
paper money. AS this can be furnished
in no other way than by the issue Of
gold certificates, there will undOubted-
ly be a demand more or less great upon
the treasury for such certificates
against the deposit of gold coin.
The Sub-lreasury at San Francisco
has already been notified by wire 10
resume the issue of gold certificates on
deposits of gold, and in payment over
the counter of government obligations.
The other sub-treasuries have been no.
titled to the same effect by letter which
they will receive before business hours
on Monday morning. The sub-treas-
uries have also been advised that the
government will ship them addi-
tional supply of gold certificates today,
of what is known as department series
in denominations ranging from $50 to
$1,000 and aggregating about $40, 200, 900.
1t is anticipated that the gold certifl-
Gates most in demand will be what is
known as "to order certificates" These
will be issued on request to individual
depOSitors of gold, and in their own
names, in sums ranging from $1,000 TO
$4,000 each. The government now has
B. in its vaults between SSS, 600, 900 and
$50, ,000. 900 in gold certificates of what
is known as the 'Series of 1882 and
these win be supplied on demand unit
those may be printed at the bureau OF
engraving and printing. It will be re-
called that Secretary Carlisle suspend
ed the issue of gold certificates by an
order promulgated April IA, 1898. His
authority Tor so doing was that con-
tanned in section L, of the act of July
1z, 1882, which made it obligatory
upon the secretary of the treasury to
suspend the issue whenever the gold
reserve retained in the treasury should
fall below $100,000,O00. This question
of resuming the issue of gold certif-
Gates, which was suspended by Secre-
try Carlisle, has been under consider
alton by Secretary Gage for several
months. He has given the question his
best thought and, it is believed, secur-
ed the views of other leading financiers
throughout the country before taking
this step
In Mr.. Clevelands time the gold re-
serve fell below $100, 600 and the is
sue of gold certificates ceased under
the direction of Secretary Carlisle. He
held that the power of the department
in the case lapsed when once the re-
serve was trenched upon and yet GER
tifcates were afterward issued for two
brief periods and for small sums dur
ing his term
Since the accession of President Nc
Kinley the subject has been under dis
cussion in financial newspapers and
among bankers, and inquiries have
been addressed to the department. and
sounsel rendered relative to the re-
sumption of the issue. Secretary Gage
has given much consideration to both
the legal and the business aspects of
the proposition. 1t is understood that
he has been advised that the issue of
these certificates is an administrative
measure which is wholly within his
discretion.
The present call for paper money, it