Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-02-03
THE DEMAND FOR GOLD.
More Of the yellow Metal Tn u. sent
Nsw yarI

TIE o'icors charged With the administration
az ths aacs! AFFAIRS u tke gove-unne are nAtu-
tai'v murh concerned over the serious decrease
in Tho treasury god holdings since the first OF
The year. The exports 81 gold have been unu-
'ualy large and there are surface indications Of
furthsr drains on tn national exchequer 10
meet foreign demands for rgt. u was eN-
yort.i that thr-- shipments v0uil stop long
before thi.. tlt broker- for foreign houses
eoutnu. the "run" ,ud give M midi alton that
the u.io ha- rslchcd It. fool The engage
mont for the present week amount 90 about
e. 90 coo most - ~hich. usual. comes from
IN. national treasury and a. much more NAV be
taAau 0uf the following week. Tie gold bal
an. j. stO- -Op oUn. tie lowest point touched
D. several ttars past ihi- amount includes
tn TOO n11 u0n reserved r. p"ctallv Tor the re-
dfmrliuu 90 tender notes heretofore re-
Parted a. = flni sacred 70 that purpose. lesv-
10 but - lOU. 90 - free gold available for
tho business - The government
Hs-IrNrIo~ ~ roU,HtSs TIE GoLD RESERVE.
While tL~ present. Secretary % the Treasury
Ia frequently expressed h. ability 90 draw on
eli. -zull r--.ry. fuuI" iu case 90 ure--.i'y II
4 kuowf that d. would d. so with considerable
rriuctaurc aui that he has u-'Il his utmost en-
dsavor. ID avoid condition calling Tor she eH-
srci-s 20 such discretion. The department Is
.
naturally di.hs.- O. part With IT, gold by whole
sslr iu the intsrc-.- 20 for,igI ,puntrie. but at
an same tisue ~ cannot CHu.i-teuly decline 20
honor a legitimate demand :or that metal with
out thr risk %: preg.Tiinting a financial panic
a. H. therefore practically settled thu. there
vii Be DO chang, whatever ia the policy oI the
department b. this re-pect aui that no step
viii o. taken that can possibly excite the
slightest apprehension IN tue minis ~ the most
conservative trHucicr-. Congress D. thoroughly
informed ,u me situation AMI % i TO- that
BODY 10 alply whatever remedy a deemed
es-sht.aL
MORE YFI TOW INITIAL TuR NV YORK.
Ncanvh..e the Treasury o1'c.als'vil devote
themselves to the work Of T.ac.a Ak the govern
uicut Z "a where ., l. most rceIcd. viz. G.: Eew
Tori. Tho available gold j. now Distributed
anon fhe Different slhtreasurirs and az
Washington. she bulk being a. New York.
y a-hiagtun and san Eruucl-co. ihe present
PIN - O. make C'ol from The other ~ub;reas-
ur.es th- los 81 gold recently sustained az tue
NoS Nork office and ErsHuS, meL-' are No"
being made tor the transse-. hc-e Is nov IN the
New York -ultrea-ury about " cor 900 in gold.
10 j. rogar,.ed a. dc-IrAbi" Tina. this amount
should BE- increased O -tO.CJJ.GJO. she usual
worSiug balance held at that port Experience
ha- demonstrated tlat gold J. more needed
thsre than el-evh here. and the big shipment
from san Francisco la-t spring was made with
that iiea IN view. II now appears that an adj
ditioual supply q yellow metal i needed at the
metropolis. but a. 70 l. impossible 10 meet II
entirely from the san francisco subtreasury
tie coiu wall have 90 Ir taken from other sub
treasures where there i less use for IL.
WHERE II Will CONE FROM.
While ~ l. not alt' ,ether settled II il more
than probable that the $40. 600 900 intended for
transfer 10 New York Will be taken principally
from the government money vaults NJ Wash
inEtou. Baltimore and Cincinnati, the proper
ton- being In the order named. There Is no
s.ruifraur, ~ the Transaction hey oud the fact
that tAc der irtm,nt dc.Ir-s 10 have the gold
where ~ can b. used 10 the best advantage in
Ca=e % ucetl