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Pouring in From Every
Direction.
# CARLISLE IS HAPPY NOW.
He Is Building Up the Surplus Again
and Is Doing It Very
Rapidly.
Special to THE MORNING CALL
WASHINGTON, July 28.- The large or-
ders given by New York financial houses
for gold abroad to be imported are re-
garded at the Treasury Department as a
favorable symptom of returning confi-
dence. Much of the gold now coming
here is the same exported several months
ago. The heavy shipments of American
cereals abroad within the past two months
have materially reduced the balance of
trade against us.
In such circumstances it would be nat-
ural for the United States to continue to
receive gold from abroad. Gold in consid-
erable quantities is also coming here from
the West Indies. This Spanish gold, on
reaching our shores, finds its way to the
assay offices and is melted into bars, and
this and European gold soon find lodg-
ment in the United States treasury.
From present indications the gold in the
treasury, therefore, will soon pass the
$100,000,000 limit. It is to-day $97,660,000.
When the $100,000,000 mark is passed the
treasury will again resume the issuance of
gold certificates, which by law had to be
suspended when the treasury gold was re-
duced below $100,000,000.
The gold certificates now outstanding
aggregate $89,000,000. This is an unusually
small quantity for the treasury to have.
The department, however, shows little or
no interest whether the gold is $100,000,000
or $75,000,000, as it is the policy of Secre-
tary Carlisle to use the gold coin on hand
the same as he does currency in meeting
the obligations of the treasury.
So for several months past the gold re-
serve has been treated as available cash.
On this basis the available cash in the
treasury to-day is $122,000,000.
Comptroller Eckels has placed the na-
tional banks that failed yesterday in the
hands of Bank Examiners as follows: Ex-
aminer Weightman in charge of the Oregon
National at Portland, Or.; Flynn, the
Ellensburg National of Ellensburg, Wash.;
Wilson, the First National of Helena,
Mont.; Lyman, the Montana National of
Helena; Jennings, the First National of
Spokane, Wash.
The abstract of the report of the con-
dition of the national banks of San Fran-
cisco at the date of the last call shows
that their reserve was 28.92 per cent.
Comptroller Eckels gave out to-day a
statement intended to correct the errone-
ous impression conveyed by a certain
publication as to the number of national
banks that had failed since January 1. In-
stead of 200, as stated, but 105 have gone
into the hands of the Comptroller, and
fourteen of these resumed under favorable
conditions, while it is expected that sev-
eral others will resume prior to September
1. Out of a total of 105 closed but
thirty-seven went into the hands of re-
ceivers, the others having either reopened
or having strong prospects of doing so.
Of the failures the New England States
had two, the Eastern States two, the Mid-
dle and Mississippi States fifteen, the
Northwest six, the Western States fifty-
five and the Southern twenty-five.
Director Preston purchased 100,000 ounces
of silver to-day at 0.7030 per ounce.
NEW YORK, July 28. There is excellent
confirmatory evidence of Wall street re-
ports of the formation during the past
twenty-four hours of an offensive and de-
fensive alliance in support of the market
between a number of influential security
holding interests.
The Clearing-house committee issued
$2,000,000 in Clearing-house certificates up
to noon to-day. The total now outstand-
ing is $25,250,000.
Three hundred and forty-seven thou-
sand dollars in gold came in one steamer
this morning from Europe.
LONDON, July 28.-In the Commons to-
night Harcourt, responding to questions
by Goschen, said the telegram directing the
Government of India to close the mints of
that country to the free coinage of silver
did not contain instructions in regard to
making gold the legal tender. That mat-
ter had been left to the discretion of the
Indian Government.
