The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-09-14

export was received here with surprise.
and the announcement created for mo
msns something Ike = senS8ylcn IN the
treasury department. IAzs feeling. now
ever. vas nat shared by tae hisa officials.
"ao apparently regard 1he withdrawal zs
incident - the speculative spirit mat
seems - prevail By the same officials Z
5 thought TIE Withdrawals are made Min
tae sole purpose of forcing another bond
issue i can be stated. however, on eN-
ceAenf authority. that there viii nor he
&noJAer issue % bonds. and none VIII be
needed Those cog8iTant of the tacis state
mat ne Morgan Belmont syndicate ur-
do0otedly VIII protect the gold reserve
against the iugca6s OF European SpeCUfa-
tors and VIII see - * thar a reasonable
balance IS maintained. No doubt is express
e1 mat as sool as the grain shipments
rom the Northwest come in there viii he
an abundant supply of foreign bills on the
market 70 meet every demand. and tho
draw2is. IL IS thought. must necessar-
ily cease
The announcement that New York hanks
had deposited s. 800 90 in gold, with the
premise or an addition 10 that amount. was
quite as much Of a surprise at the treasury
department as the earlier news OF the with
araWals This prompt action Of the banks
was favorahly commented upon. and the
feeIlng o. depression and anxiety that pre-
vailed in the department soon gave place
70 one OF confidence Even those who hv
reason or their long experience are best
aole 20 judge Of the situation eNpress
themselves Al A loss 10 account for the con-
tlnueG and apparently increasing demand
Tor gold. Never before I'm the history OF
the department they say. has che finan-
clal condition Of the country contained so
many contradictory elements and never
before have the officials been unable 70
give an intelligent forecast OF what was
likely 70 result from the next congress. At
this time. they add. everything seems go
ing counter TO the general expectations
Several months ago II was stated that the
supply OF whisky withdrawn from bend
lust before the anticipated increase in the
internal revenue tax was about exhausted
and that the next few weeks would see A
material increase in the revenues from
that source. But the receipts have fallen
Tar below expectations. with no prospect
Of an advance. The receipts from customs
sources were also confidently expected 10
advance at rapid rate. IL was argued
that the stocks Of merchandise in the
country were practically exhausted and
that OF necessity imporiationS would show
marked Improvement II was predicted
also. that as the canning season approach
ed the sugar importations would add ma
terially 10 the receipts. and vet none Of
these expectations has been fully realized
Though the receipts from internal rev.
enues ana customs show some improve
ment. there is a wide difference between
the actual figures and the confident expec-
tations OF the officials. Whether the anti
cipated cotton and grain shipments Will re-
leve the situation. so far as gold exports
are concerned. remains 10 be seen.
The amount of the expectations OF gold
during the last twenty months is unprece-
dented. Since January l OF last year The
gold coin and bullion exported from the
United States aggregate abOut SIGq SSt 200
while the importations during the same
period amount TO only &s.S13.ld0. which
leaves the excess of exports over imports
about $50, i70. 500.