New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-08-25
NEw-YoRK DAILY TRIBUNE, MONDAY, AUGUST Is, 1878
THE TREASURY GOLD.
MISsTATEMENT OF THE TREASURY COIN
Rk1,ANCF

From TIE Sno. YOrs Daily Bui>sa Of Saturday -,
The TRIBUNE charges that, taking as a basis the
Official Public Debt statement OF the LIST OF June,
there was discrepancy Of about SS,OOO0OO between
the coin receipts and payments in the month OF
in the Treasury on the LIST of July, and very cor
recty argues that from the ordinary sources OF Inc
supply of gold, any such sudden augmentation OF the
The TRInUSFs poHition to this extent, is wholly
unassailable. But from the fact thus pointed out
the conclusion has been drawn that 80 many mil
Treasury-an inference which the gold SPECTATORS
have shown no anxiety to correct. HE lRlBVnE Das
made no such charge.-Edl The Treasury ofhcials'
instead of explaining this anomaly in the com PAL
ance have sarcastically suggested the impossibity
OF spiriting away 50 many tons OIL goid; anu, yes
terday, the Secretary Of the Treasury authorized
q dollar OF O cent" Had the Secretary addressed
himself to explaining the figures contained In MS
monthly statements showing an Impossible lnoTease
Of 81, 990S5 i'll the cOin IN Treasury during june
instead of ignoring that discrepancy and contra
dieting mistaken inference drawn therefrom, ne
would have spoken much more to the purpose. 40
truth is that the Treasury did hold on J1ty1 some ]io
100000 less of actual coin than uds stated ~ NE deo'
schedule of july l.; ard PRACTICAL AIsREPfsEsENIA,
TON on such an important matter cd"s JCI V.gLifg
ordination, uohen infeTeRces damaging TO He Paoeo
credit drdwn from IL, in ftheTGnce OF perH'c'oa'
specEtdt0ns
These documentary misrepresentation are not
made now for the first time. Last year pending tne
Syndicate funding operations, like sudden ana re
quent fluctuations in the Official statements OF the
coin balance occurred and demand ioi oAPlane
lions made BY the Senate elected from Secretary
Boutwell, the Information that. in the monthly de9t
statements of the first five montbsof io' liie Lo
lowing amounts of called" bonds, with interest
added, were included in tho figures purporting 10
represent the amount of coin in the Treasury am
Jan. .s2sl2,s2s April L. lsd2 S0S'1stSg
Feb. /, 1872. H. 2Ol.3G0 May !, lBi2 s'4So'Soi
March l, 1872. S,9S3,9l6 -
This method of calling paper gold may be rery con-
penieat for Treasury bOOkkeeperS but IN an oDIcdt
statement intended for public use, IL Is VERY REP
REHENsIBLE FIBBING and leads TO important popu-
lar misconceptions Last year, this paper-stuffng
of the gold balance, at times to the extent oil
1886 900 900 fostered speculation Uhich pat dorm tse
prics OF oold to O8. from uhich The discovery Of the
justification there reGctionag speculation, carry
ing up the price TO 49, This year. tine discoVeIy Vi
ike Misrepresentation has led to misconceptions
and rumors. which have aided powerful Clique
bent on initiating the gold premium and producing
the utmost possible mischief to all interests 1t
cannot be the business of a finance minister 10 put
forth statements which are liable 10 create alarm by
the Disappointing discovery that we have ten NIL
lions less gold in the country than we supposed we
had vii the Secretary please let the public kHor hou
much REAL GOLD Ue haref and uiu ne, ~ lutdre
please abstain from misleading The public on tbs rey
Important matter