Los Angeles daily herald., 1886-06-06

Ar. b. N. Rowe is the Santa Ana agent oil
tue HERALD.
:. .s=.-.- Ton.in come again.
Kairnan,s Neps Aoencu OF late
date has the following extraordinary
,,,,,.,,n.
NJ. oors;derohle sales OF gold bars
from the assay office this week to
shippers, will still have Soo,ouJ,G az
nuihon owneu px s,iS 4 ia he
, Ins o" ~or,d moi object to parting
with TO the further reduction OF their
gold coin certificates. Inese o9re,n
Gates nave eoo a ann =, .sa GOO 600 since
rom vlf1 , y, "
Tba Uvu.,n feels like Joining in
With Tho able and far-seeing Finan-
o;aJ..5 u;o;no Record in denouncing
~ ,.a,,l;or Wal, street nolicv of the
T.aa 7, Ia onite t,ue that the
,,o,;oy 81 Tho nresent Treasury regime
:. wssh;ngton appears TO lean decid-
adv toward parting with its gold by
~ uodam,,,on If cold certificates or,
IN d;ract effect il working TO contract
,ha c,rrancv while in effect also,
facilitating the exportation of gold
s.an, ,ha co,ntrv--for ON the LIST of
Nov lsse there had been a shrink
80 ~ an 40 1ol O4. from the
amoun, ~ ooH bullion in the Treas
rrv On the lat Of January, 1886 tS72,
s67 Aos Of, while the amount of out
standing GOLD certificates has been
corrasnondinely CONTRACTED from
e,os e5o eot to Sg4 7l5. 225. 900. In
a,bar words the oold bullion has
gooa ont Of the country and the cor
..osnond;no amonnd ol GOLD.
c,rrancv has been Withdrawn from
circulation increasing the amount OF
srcb currencv in the Treasury from
ava sso a7o ON the 31st of January,
MAJ 10 s52 3o6 s75 ON the soth OF
AMI, 1890
THO ~ en- Record has had occa-
.;op raneatedlv to EXPOSE the inex-
,,aa;a,cy or false financial policy OF
Tho Treasury Department in keeping
90 large an amount of gold bullion on
hona rncoiped espeeially when
oo,n,od with tba ,roctice of having
a., no,d b,,,;o, instead of coin on de-
,aanJ Of bullion exnortars in redemp-
d. ,s cold oar,;acates-a praetice of
T.aos,ry panar,mo,t that pnde-
n,.hlu hos wortad for the nrofit of
lii. loolars o,d fovorad tho OK
nor,a,;o, Of cold ot certain periods as
.a,l, Tha citation of ono fact
sho,Id alone suNice to show this.
Cola h,,liop upon presentation at
,ba pont of ENGLAND is EXCHANGED
=, ra,o;vod -, denos;t at the rate of
90 t7s oh nor ounce. while for the
o;,,h, os sna cold in tho shane
~ fnashlv oo;nad TT,;ted states coins
wor,d be taten at Int e9 IFS. Cd DER
.rnca
In oil oibor couptries every posi-
,,,o ohs,ooIo Ia ro;sod nm for the hin.
a..a 80 LA axnortot;on The
panL of E,elopd at the first serious
van;sos,at;on of an or,f,ov of GOLD
resor,s 10 a materially increased rate
81 discount The Rank of France
has thor,h NOT an babituallv. nc ed
a. tho lite manner 10 the like end
p,, o,r Treasury Denartment. for
war. wb;la its officials have been
..,mna ,hair animal reports with
5a.naaa,;ons Or forehodinos Of the
a~.or,a,;on e M, axnotr;ation of on,
la a, Tho soma time practically
- haon oeorI;,o material encom.
.aaan, % tho conrse of those whose
h.,....o ;, "a N srnoyt the money
na,aIs Ono of tho aids To exnorta-
t,on hos haen the eoinaoe of the lare.
a., nor, of ,ba GOLD going into ON,
m;nts into twentv dollar pieces-u
nractice banpilv stopped during the
loot a;x months. the other is the
kaan;nu Of bullion ON hand in the
Treasury vaults here in New York
,noo;nad 10 as laroe an amount ms
from AK 600 600 TO S7g 900 900 for the
convanianca of hullion shippers bull.
lion which had il been coined into
bols and orarter eaVles--or n tyne oil
,nopav alip Ia the mintage of tht
o,ha, Iaad;no States of the CONNER.
.;.l world-mnst have materially oh.
atructed exnortation by substantial,
diminishing the profit arising from
sb;pn;no GOLD in the form of bullion
We have IN saw. howeyer. the par.
aoranh which we have made orr tex
10 materiallv inaccurate in its figures
There vas no sueh amount of golC
certificates outstanding ON the LIST o
Iannary 1894 asS1A7 ooo OO0 Il wa,
Int $1o5 25o eoI while the Treasury
hald Sqa 25o ava MAKING tba snn
to,al If certificates hotb in and ont q
,ha ,rroosury h,t $50 71o oso On
Tho lat of Nov tho amount outstood.
h., had hoon rodnood 70 coz -t5 oo5
.h;le tho Troosrry ho,di,as had hear
;,o.aasad - Sko eoe OK Tool,ino tho
,o,ol ~ ovis,;nc golJ oar,iGoa,os S1qz
ITO ,oo frono Vii !, Ill annaa,
raj ,haro hos hoo, an a.,nal j;son.
.oaranoa - ,haso oi.t;G,ota. 80 H.
ax,opt of 90 5oz oso hnt substantial
10 90 wa renaot hora hos haan =
jo,,,,r;ob, .oa,.o.,;oo If Tho e,,..e,,c,,
Of tho country 10 the axtant Of goo
$40 Q5o s;roo tho lot Of Iopror, 1sse