Democratic Sentinel, Volume 17, Number 16, Rensselaer, Jasper County, 5 May 1893 — GOLD NEGOTIATIONS ARE OFF. [ARTICLE]

GOLD NEGOTIATIONS ARE OFF.

Secretary of the Treasury and the New York Bankers Unable to Agree. Secretary Carlisle,according to Washington advices, brought up the proposition'of the New York bankers to supply, under certain conditions, the Treasury Department with gold at the Cabinet meeting Tuesday. It was thoroughly discussed and finally rejected. What this proposition was is not known, as Secretary Carlisle declined to, make its terms public. . It was not considered advantageous to the Government. This was the culmination of several propositions submitted, one of Which was declined last Saturday. A counter proposition was then made by the bankers to the Secretary of the Treasury, which was received last Monday. This was also rejected, and in turn the Secretary submitted a pro; osition to them which they also refused to accept. All negotiations, therefore, between the Treasury Department and the N<s<fr' Yci/k-bankers are off, at least Secretary Carlisle will look'infcflrdr directions to continue to replete the Treasury gold. The administration does not desire to issue bonds and will not do bo except as a last resort