Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1893-12-28


tain the parity of the two metals. the ship
mentS of gold from this country during the
fiscal year 1893 reached, as already stated
in this report. the unprecedented amount of
SlOS, $50, S44. nearly all of which was
withdrawn from the public treasury
by the presentation of notes for REDEMPTION.
During the three months next preceding
the eth day of March 1898. when a change
occurred in the administration in the treas
ury department, the Withdrawals of gold
from the treasury for export amounted to
S3l, LAG, 900, and during the eight months
which have elapsed since that time such
Withdrawals haye amounted to $3G, 30. $50.
or 81, 10, go more than during the prcced-
ing period Of three months.
The Amount of Free Gold
in the treasury ON the It'll dav Of March.
1893. was 500, GS2 40. or $3.50 40 in ex-
cess of the lawful reserve; bur bv making
exchanges of currency for gold with the
banks in different parts OF the country the
amount was increased to Sl01. GAP GS2 on
the 21th of that month. notwithstanding
the most strenuous efforts blythe department
to maintain the hundred million dollar re-
serve intact, the presentation of
notes for redemption TO procure gold
for shipment abroad continued to
such an ev+ert tbot nm tho 92d Ja1. ~ ,,,;l
for the first limo since the FIND was oItah,
.Ii.bnd If Lo,o,,,,, .,,.,,.,.-or,- g., , ... r
It, ana 1t was reduced to so, 49, but it
was iIer"aIu increased 10y exchange OF cur
''"'N ir EoIu' :" Una. o' ul' l"th DAY 81
august 1T Hau neen luIiN restored" ana there
vas -" hIIi" NlV0'o'7' -"V III iI'' G'Iu BN
C''o' 49, eI u ia" "''u ullhInlsh-
pt Inv #
'U ny IG"ehlpIlolS 60! cu' LgncN ana other
"'s' J." .'c sum OIL 81 ga ''o'' winch L. the
~" W, II mas ever Ioa'n'u
, NJ 9,',ic'"iS says II''" III MS OPINION. so
"' 'l'V N"Nc' H'il'"' '"'l'lilu'H 'iie "hwiNe
t''i'.S VI h''PhiB us ~" holes outstanding
I"'''o a. 'U'i''''H anu undertakes 10
Pi''''' ioi tileII I'''ilIP'luH III com on
~ 'Ne"'".io''' 1t VIII "' 'l'I Tor the sec
''"' u 'H' treasury 10 possess means or
" "' - ''c"I ana uh''ou"led authority tosa-
,"'o Ii''"''' "iiich may from 'lne to lime
p''""le necessary - enable nm I" meet
"c'''Ii E'H'l'' rs ,nr"i'r Nnicu mas recently
y" ~ i'' III our I'ili,ii'''i aHalfN' Nhlle
nc i'' nay n'iPo9'' OH Tue treasury tie
l''. ,l'i'". an ",'''.S ana responsibilities "i
n''''N ISSUE, "'''' 10 ''rla'h extent IUnc-
si.'' " " p''nN Vi 'I'l'oSl'' '"'N nav not CON
~ ga vi '''' lc''''N any part "i inc dl9-
executive bnad Of n,.tir,tio,,. .,,,,.,l5i NV ~,
CONDUCTING 4bis oIaro,t,r ~ era,,;a1 49,, ~
ines.
!" "''''ri"E I" 'he i"'hcial situation,
the secretary says: Money does not create
business. but business creates a demand for
money. and there Is such revival of indus
try and trade a. to require the use of the
medinm uoN outstanding. il
would be hazardous 10 arbitrarily increase
ITS volume by law. o. to make material
changes in il character by disturbing in
any manner the relations which its different
forms now bear to each other. In the
it will he the duty of all who
nave the power To influence the course of
oventsor to assist. by legislation or otherwise.
in the solutions of the grave questions pre-
aented 10y the altered condition of
our 'h"l' '"ry system to carefully
.,,.,. i; III "h l'S
,nn,,o,,tl,. .Ii.,,I.,i may W per
-i,,,I, a,,'i ,, -, W. "''! '''"n Oh
,,ui ~. l ~ NHte'" "HI'h
,,,',,, r..,,', 'i'o govern
1,nm !, ,,., ~ .I,'.a ,i'''' nov 'rS'nS
,Il' 9, '''' am ''''''' '''ul' ior the