Show GOLD IN THE TREASUKY How to Replete tho Treasury Is the Problem to Bo Considered WASHINGTON June 3At no time since specie payments were resumed on Jan 1 1879 has the net gold in the treasury been so low as today The amount is 59939217 On Jan 1 1879 i was 114193539 Since that period it gradually increased until in March 1888 it had reached 218818000 which was high water mark Since then the net gold holdings on the treasury have been on a declining scale While no uneasiness uneasi-ness is felt at the treasury department because of the continued loss of gold from the treasury t still Secretary Carlisle is not unmindful of the fact that the limitmay be reached where the confidence reposed in the treasury by the people may be shaken How to replete the treasury with gold has been I problem seriously considered by the administration for some time The issue of bonds is the usual remedy suggested sug-gested but it is known that the president is not in favor of this alternative except as a last resource and even i they are issued is-sued treasury officials are not by any meanjixionfident the treasury gold ro pleted in this way will long continue It is contended that in force it simply means the government borrowing gold on interest inter-est for the purchase of silver with no assurance as-surance that the gold so obtained will remain re-main in the treasury longer than the I time necessary to take i out The suggestion has been made that the secretary of the treasury has power to issue greenbacks in exchange for gold thus increasing the amount of gold and increasing the volume of greenbacks outstanding out-standing to the extent of gold thus exchanged ex-changed Treasury officials say the idea is not a new one and has been advanced at different periods in the past ten days No law on the statute books is more stringent than that relating to greenback green-back The secretary cf the treasury has no discretion either to increase or diminish dimin-ish the volume of business The Star in discussing the monetary situation says it is understood that the question which will be discussed at the special meeting of the cabinet Monday will be the condition of the treasury At this meeting it is believed the attorney general will render an opinion on the question as to the right of the administration admini-stration t issue bonds without the action of Congress SolicitorGeneral Aldrich drew up an opinion on this question I which AttorneyGeneral Miller adopted deciding such course could be pursued and it is intimated that Mr Olney will also hold to this judgment I would seem therefore that agitation of the bond issue question is to be resumed |