The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-08-03
THERE IS NO LACK OF MONEY.
THE GOLD REsERvs IN THE T1Bhs.
URF MORE THAN 500, 200, 600

e1O,oOO.oOo More Gold Coming from Europe
The Currency Circulation Increased
More Than $4,000, 900 During July s.a
II Now Nearly ses Fer Capita-seeretary
Carlisle Takes an Inportnat step 20 ne.
1tevs tho financial strinrency-waM
Street Derives Encouragement from I'm
proving Monetary Conditions, and Alse
from Very sharp Advance In Prices
Moro Failures In Chicago aud Elsewhere.
WASHINGTON, Aug. 2-For the FIRST time
since April 20. 1893 when tho gold reserve
fell below the 100000. 900 mark. the reserve
has been made intact The gold In the Treas
ury to-day exclusive Of that held as basis for
gold certificates. amounts to 500. 791.370. or
S79l.370 free gold. This gold has como into
the United States from Europe. Mexico and
the West Indies much OF 1t being the gold
sent ont from the United States during the
late spring and early summer months. Inior.
nation received here in Treasury circles indt-
Gates that $10.00O.Oo0 in gold Ia now on ito
way from Europe to the United States, and
most ofthis. It is expected. will ind Its way 90
usual into the Treasury.
While the gold reserve. however. 10 intact
and gold Is climb bling up. tho Treasury net ball
ance 10 declining.t the stated amount to-day DO.
ing $l7.251.000 or this balance about $l2,.
oOo'VOV III AZ hutiouui Uauk uopObltOElob huu
the balance In subsidiary silver The receipts,
too. for the past few days have been disap-
pointing. the business troubles throughout the
country having an effect upon Government
revenues. These troubles are receiving tho
closest possible attention by Treasury officials.
and everything that can be done is boing done
to relieve tho situation. Secretary Carlisle.
though absent from the city. 10 In communica-
tion with the Treasury Department by WIRE
and to-day. after conference In New York
with eminent flnanciors. he directed Acting
Secretary Curtis to send tho following telegram
to tho $50 national bank repositories through
out the United States:
Your authorized balance hereby nxod at par Of 10
eurity Transfer excess Whenever practicable to near
est sub.Treasury.
This action Of the Treasury Department will
release to the banks about $500. 900. and is 10.
tended as far us practicable. to relieve the
financial stringency prevailing In the coun.
try. According to former regulations each
depository bank was permitted to hold Gov
ernment funds to the extent Of from 90 to 95
per cent OF tho United States bonds deposited
to secure the same. This action OF the Treas
ury permits them to hold Government funds
to the par value OF the Government bonds on
deposit. and it is believed will have the effect,
in a slight degree ut least. OF improving the
financial situation.
Tho circulation statement issued by tho
Treasury Department to-day shows that the
amount OF gold and silver coin and certificates.
United States notes. and national bank notes
in circulation on Aug. l was Sl.O1l .O89.O1T.
an Increase during the month Of July Of ST..
372.G08. The increase during the last twelve
months was in round figures S0.O0oOOO. The
per capita circulation. based on an est mated
population OF 81. O68 600. ON Aug. l was S24 OF.
or 'the 40 I23 lttS tj4D OF the general etotk OF