The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-09-18
They Deposit Gold in the
United States Treasury.
TO OFFSET The EXPORTS.
Treasury officials Consider the Fl.
naneial Situation Improved.
Talk of an Early Bond Issue Dies Ont
at Washington City small Paper
Money in Demand for Moving Crops
->tifier Interest Rates To stop Gold
Exports.

Washington city. sept. f-.-Rsp0rts -
the treasury department show tast 80
go Of god was Withdrawn today from the
suo-treasury al New York for export. and
ina, S-s3.l~o Of gold Was deposI led ay the
Rochester banks. when offsets tle with
Grawals. leaving the true amount al the
reserve 81 the close cf business &6.lN2. -.
Under normal conditions the treasury
gains some gold nearly every DAY, As
banks IN all Of the sua-treasury cities
prefer 10 exchange for notes any small
amount OF gold they may take in over
their counters. especially Il their rest rive
is IN no need OF repienshng. During the
last few weeks t1e aggregate of these de-
posts has been cons. 1eTaole. The offers
OF large amounts. however. nave not been
plentiful, except when accompanied ay
conditions the department could net aC-
cept Several Oaers OF small amounts
have been lately made with the supula
ton that the department pay expressaSe
both ways, 1ut as there S no appropr.s-
ton FOR this purpose these offers have
been declined. IL ; sad Al the department
that the most generous offers of gold
nearly always come from the banks III
Chicago and 81. Louis, and u hen gold i
the scarcest these banks always come for
ward and express a willingness 20 help
Out
At New York today S4360ao in large Unit
for small notes TO be shipped 10 A num-
Der Of points East. South and Wes,. These
exchanges are received With satisfaction
a the department. as they reduce the sup
ply Of cash. which IN time. II Is argued. IS
sure to result IN stiTenng Of the rates
Of interest and incidentally m a cessation
Of the Withdrawals Of gold for foreign IN
Vestmeur
The talk Of an early bond issue has
f{t
among officials being that while President
Cleveland viii protect the national credit
when In danger by any means within h.s
power. the present situation IS not suCn
as 10 call for any acton on his part
Those persons best qualified 10 speak on
the subject say another bond issue Is Ger
ta:nly not within the PROBABILITIES
Today's statement Of the condition Of
the treasury shows. Available cash bal
aace. SIso155. So. gold reserve. S96 3s2.52>-
New York. Sept. l7.-Hoskter. Wood &
co. will ship S2j0.Ao0 ani Handy & Har-
mon $1,000 OF gold tomorrow.
The sub-treasurv has received S290o OF
gold from the associated banks of Roches-
ter. y Y. tn exchange for currency. the
banks paving express charges as required
bv the government The Pittsourg hanks
are considering whether they viii deposit
s75o NA0 ~ gold on the same terms.
The suh-treasury officials received vol
unt8ry offers from two New fork c-tN
hanks 10 deposit one $3.50 ono. the other
$40 0o0 of gold IN exchange for Ereenodchs-
The offers were accepted.
s.. Louis Sept 17.-One hundred ana
thirty thousand dollars Of gold was today
paid into the sJh-treasury here IN eN-
change for currency. II IS not stated on
what terms the payment was made.
much larger amount, IL is expected. viii
be deposited in the sub-treasury N the