Show iliof rf bulj NEW march 21 director of the eliut edwill 0 who is here on business fluid in ail interview in regard to the gold bar 1 did not come with the definite purpose to ask subject at all he said but being her I 1 incidentally met bankers and business men with whom I 1 am personally acquainted I 1 am satisfied tho eold bar policy is a one and that it will be commended by the people of the country and by bankers and business men generady gene raly ath whom did you converse and about he wai asked all th leading bauk presidents the diews of the leading merchants and bankers in to alio policy of the administration in declining dec linini to furnish grippers of rold tine ld hrs fur abroad I 1 ascertained incident ally I 1 leave found the universally is that ane government acted wisely in thia decision to oilier inquiries leech eaid aliis proposition to decline to exchange old bars for gold coin lias been a favorite project of mine for some time indeed ever since I 1 have been director of alie mint I 1 found on the statute books a law enacted in which authorized the superintendents of mints to give cold bara in exchange for coin of equal value the late secretary of the treasury mr windom and myself were to hold that the law to the department discretion but upon the mater to the attorney general he bield the statute mandatory and that we could not decline to ex change gold bars farold d we make any charge for lucli exchange the result was the treas ry department was utterly hl ples in the matter of gold shio upon the recommendation of the late secretary and myself compress Con press amended the law at irs las session by makini the exchange discretionary with the secretary and allowing the imposition of H charge equal to t e cost of the bar buea dav last I 1 was notified by ohp f the assay office in now york that was wanted in cold bars lor shipment exchange at that date waa only ass that the movement was not 1 genuine movement that is eliat it was moro profitable to buy exchange on london than to hodill ship 2 ailt tat rotc ot exchange it was what 13 known aa a pedal shipment and upon my recommendation nd upon the concurrence it the administration the secretary decided to exercise the other alternative allowed him by tha change in the law and alie treasury department declined to furnish tho gold bars in for cold coin for the of the department tiro dimply aliese tl iese that it 5 flir able and against public policy for the to furnier furn sold inita most convenient form at a s aboard port w propose to exercise alia same discrimination t at has been exercised in european coun tries in regard to the export of eold that is wo do not prop orie to facilitate ir tuis policy is exercised now not because tharp is any deficiency in the old suu clr or any distrust alitt that there may be any demand for gold but solely hp cause a law is now for the fiat time operative which permit us to exercise thia discretion |