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Mr. Carlisle Has Plenty of Gold. THE RESERVE MADE GOOD. There Is a Surplus in the Treasury, and Millions More Are on the Way. Special to THE MORNING CALL WASHINGTON, Aug. 1.-For the first time since April 20 last, when the gold reserve fell below the $1,000,000 mark. the reserve in amounts or is 701,370 the treasury has $791,370 been to-day made free gold. good. This The to gold gold $100,from Europe, Mexico and the West Indies, much of it being gold sent out from the United States during the late spring and early summer months. Information in treasury circles indicates that there is $10,000,000 now on its way from Europe to the United States and most of this, it is expected, will find its way, as usual, into the treasury. While the gold reserve is intact and the free gold is climbing up, the treasury net balance is declining, it is stated to-day the amount being $17,251,000. The receipts, too, for the past two days have been disappointing, business troubles throughout the country having an effect upon the Government revenue. Everything that situation. after can be a done conference Secretary being done in Carlisle New to relieve York to-day. with the eminent financiers, directed acting Secretary Curtis to send the following telegram to the 150 bank depositories throughout United States: Your authorized balance is hereby fixed at par of security. Transfer the excess. whenever practicable, to the nearest subtreasury." "This action of the Treasury Department will release to the banks about $900,000 and is intended, as far as practicable, to relieve the financial stringency prevailing in the country. The circulation statement issued by the Treasury Department to-day shows the amount of gold and silver coin and certificates, United States notes and national bank notes in circulation on August 1 was $1,611,099,117, an increase during the month of July of $17,237,606. The increase during the last twelve months was, in round tigures, $9,000,000. The per capita circulation, based on an estimated population of 67,066,000 on August 1. was $24 02. Three national bank failures were reported to Comptroller Eckels this morning. The E1 Paso National Bank at E! Paso, Tex., capital $150,000; the First National at Birmingham, Ala., capital $250,000; the Waupaya County National Bank of Waupaya, Wis., capital $50,000. The Birmingham and El Paso banks carried quite a heavy line of deposits. Thomas A. Marlow was to-day appointed receiver of the Montana National Bank at Helena. NEW YORK, Aug. 2.-Frederick D. Tappen, president of the Gallatin National Bank and chairman of the Clearing-house loan committee, said to-day that several large national banks were going to buy some of the United States 4 per cent bonds held by the savings banks and take out currency against them. "There was no syndicate nor concerted plan by the Clearing-house banks in the matter," he said. "It was simply individual action between the banks. It was expected the banks buying bonds would get them for a little less than the current market rate, because if the savings banks were compelled to put a large amount of their bonds on the open market the price would certainly be forced down to 104 or 105, and perhaps even less." This afternoon Secretary Carlisle junched with Sub Treasurer Jordan and ex-Secretary Fairchild. Later he visted the sub-treasury and customhouse. He met no bankers and said he had DO opinion to express on the financial situation or the probable action of Congress. He said he, personally, was in favor of allowing the national banks to issue circulation to the par value of the bonds deposited as security. There was no likelihood of any action by Congress on that point at the extra session. however. DENVER, Aug. 2.-T. E. Jeffrey, president of the Rio Grande, was to-day appointed receiver of the Rio Grande Southern. on application of Otto Meyers of the latter. MILWAUKEE, Aug. -An official notice has been issued by the St. Paul Railway ordering a cut of 10 per cent in the wages of all employes of the commercial department whose pay exceeds $50 per month. ELYRIA, Ohio, Aug. 2.-The Lorain Manufacturing Company, the largest brass works in the country. has failed; assets $192,000, liabilities $125,000. CHICAGO. Aug. 2.-Adam Smith & Co., wholesale liquor-dealers, have assigned. Assets $150,000. liabilities $125,000. NEW YORK, Aug. 2.-Sulzbacher, Gitterman & Wade, importers of woolens, made an assignment to-day without preferences. The business is an d-established one, having been founded in 1856. In 1878 they were estimated to be worth $1.000,000, but the business bas fallen off, and lately the capital was estimated at only $230,000. The attorneys estimate that the liabilities are $120,000. with assets nominally the same.
