The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-09-17
MORE GOLD IS GONE.
4 Million Dollars to Be Sent to
Europe Today.
RESERVE DOWN TO ss5, 900. 900.
The Impression Seems 20 Be General
That There WIZ BE Bond Issue
Only Haif-Denials Made.

Washington. Sept. Is.-The true amount
of the gold reserve al the close Of bust
reEs TO-DAY was So. 24s. So Since the re-
cent heavy shipments o. gold the govern
rssnt has received a number OF orers OF
gold IN exchange for notes This - par
tirulsrsy from banks n the Northwest,
where small notes are in active demand
81 moving the grain crops Otner ranks,
apparently dis.nterested, have offered gold
IA exchange for silver certificates Sew
erat OF the banks offered gold suspected
OF being a little under weight, As u was
stipulated that II would be received al
frs face value Some other conditions I'M
posed BY Western banks could DOT De ac-
csufe9. but IN all cases where the govern
nent can consistently do so the offers
have been accepted.
New York. Sept 1s.-Crossrnan Il Bro.
have engaged 81. 90 GO of gold at the sub
treasury for expectation tomorrow.
Assistant Treasurer Conrad y. Jordan
saws In relation 10 the printed stories
about a probable issue or government
bonds: Il have been party 10 no discus
sion on the subject with Mr.. Curtis or any
one else except in an informal. cosby
way and have not attended a formal con-
ference A great many OF our leading
inanciers. including J. Pierpont MORGAN
do not consider a new government loan
advisable at this time"
I,nndon. sept l6--Hon. James II. Eckels.
comptroller OF the United States curren-
cy. made the following statement today on
request OF the representative or the Asso-
clated Press: Being thus far away from
New York. and not knowing the exact con-
ditions prevailing there which are produc-
Ing shipments or gold abroad. l feel 1
can say nothing upon that subject which
VIII ne OF special benefit 20 the public.
Generally speaking, these gold shipments
came about from the fact that the Ameri-
can people are buying a great deal abroad
and not selling sufficient Of their own pro-
ducts 10 equaiize things. thus necess,tat-
ing settlement OF the balance due in gold.
We maintain A financial system which
makes the United States treasury a geHer-
al market OF supply for all requiring gold.
consequently more or less embarTasS-
ment comes 10 the administration OF the
treasury department when these balances
require 10 he settled. However, the treas
ury has always managed TO maintain I'M
questioned payment IN gold OF It's obliga-
tons. and always will do so. The system
under which Il Is forced to operate makes
10 sometimes expensive 10 do so, but as long
az the representatives in congress refuse
10 change that system, and as long as
the voters tolerate IL. the people have no
right 10 complain OF expense"
Washington city. Sept. fs.-Today's
statement of the condition Of the treasury
shows: Available cash balance, SIS, g., 81:
gold reserve, So, 34S 642.
Rochester. y. Y, Sept 1s.-The asso-
Ciated banks OF Rochester today shipped
10 the assistant treasurer at New York the
sum of S25o0O0 IN gold. and viii accept in
return legal tenders. This action on the
part Of the banks was taken in the hone
that the banks in other parts of the conn
try may do likewise. and from their stock
or idle gold turn over 10 the national
treasury such an amount as viii go 10 Off
set the present shipments abroad.