Birmingham age-herald., 1895-08-09
SECOND EDITION.
THE OUTFLOW OF GOLD.
Treasury Officials Are Reticent-Will the Syn dicate Come Across" Again 2-Next
 Week Will Tell the Tale.

Washington. Aug. S.-The reticenee that usually prevails among the treas ury officials when they are approached on the subject of the gold reserve and their absolute refusal to allow them selves to be quoted as to what the out flow of gold of the past two weeks sig nifies leads to the conclusion in some quarters that the treasury is uneasy about the situation. Ii was quite prob- able that by Saturday the syndicate will be compelled to prove whether 1t con siders it's contract fulfilled or whether it feels constrained to assist the govern Tnent in maintaining the reserve. The rapid diminution of the reserve, the speedy descent from more than $107 ,O00,- 900 to a very little margin over the amount the reserve is required to De, has shown how easy raid, even under the guise of ordinary course of business, can be conducted.
 Some of the treasury officials are em- phatc in their statements that this loss of gold is due to legitimate business, and point to the character of the houses talk ing it out to show that it is not the re- suit of speculation. Whatever may be the cause the loss is felt and will be felt to still greater extent before the week is ended. There was an intimation at the treasury today that notice would be given tomorrow of withdrawal for export Saturday, and officials do not hesitate to admit that the indications point to further loss of an amount equal II not greater than that which was shipped on tOday'S steamer.
 At the close of business this evening the reserve stood at the $104,11S662 mark, B loss over yesterday of $349442. The'$l,- OO0,000 shipped today has not been re- portedsto the treasury in the ofnclal pdl- ances from New York, and will not there ;., ftn row.
 The actual condition of the treasury then finds the reserve amounting to only $103 11S, 662. This shows a loss or s4, 50O,0 ,0OO since the syndicate made It's last payment July 5, and sent the re- serve up to $1O7 569, POS. The gold reserve was not nearly as low as this on the 2!th of July when the syndicate felt called upon to increase it. At that time the re- serve had dwindled down little below S1O5 800 900 and by Monday 1t had sWelled to a little more than $107 250,00O. some treasury officials who discuss the situa- ton privately admit that unless the syn dicate again steps in and fills the gap that has thus been made the puDlic Will be warranted in beliveing that the syn dicate considers its contract to nave neen completed in it's entirety and that 1t IS no longer morally bound-if not by the disputed meaning of the text of the con tract-to maintain the reserve.
 Assistant Secretary Curtis said today that he did not know what the inten- tions of the syndicate were, put so Tar as the treasury situation was concerned ie saw nothing in it now to justify any Seeling of alarm. The gold that was go- ing out was sent abroad in the payment of debts, and within few days he De- Iieved there would be flow in this dl- rection. Crops were beginning to move and the presence of commercial bills 1n New York, some of which were already on the street would loosen the tension and bring down the rate of exchange and stop the export of gold. There are others however, in the treasury not so sengnine as is MT Curtis, and many of these are beginning to look forward to next week as a critical period, one that must show which way the tide will turn. Meanwhile gold continues to go out and no official expression of the proper inter pretation for the bond contract is made.