The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-04

-, i'' 5r-eisi, bs,, -ss1,ts 5ba1 hose
realized on previous sales. An agree
Inenf was Therefore rnsde with 4 number
of inanciers ana bankers whereby ii was
simulated that bonds described in the
9t.temption act Of 1S-5 payable in coin
thirty wears after their date bearing IN
7erest n The rafe 81 uer cent per an
qum and amounting 10 about So 91l 0t0
should be EXCHANGED for gold receiWa BILE
by weight amounting to a little more
than SIS. cocoon This gold was 10 be ue-
lvered in such instruments as would COM
pe1e its delivery within about six months
from the date OF the contract. and at
least Oue-half OF the amount was 70 be
furnished from abroad. IL was also agreed
by those supplying his GOLD that during
the continuance OF the contract they would
by every means in their power proteci
the government against gold Withdrawals
The contract also provided that II con-
gress would authorize their issue, bonds
payable 10y their terms IN GOLD and bear
ing interest AT the rate OF 3 per cent per
annum mlght within ten DAYS be Sut~tl-
tbled Ar par Tor the per cent bonus ue-
scElbeq IN the agreement
On the day TINS contract was made, IT'S
terms We're communicated 10 eonSre5s
nE special eSecutlFe MESSAGE ~ Ntle1
j was stated that more than Slb.HpVVJ ~
collars would pe saved 70 the government
III golu BONDS nearing . per cent interest
were authoilzfd 20 rs suostl tuled tpt
nus AtiSti t-o.t0H tit ttt toiiti"It- ~
congress having declined 70 grant the
necessary authority 70 secure ms saw
ing me contract uhmq9iIlea, was ear.lca
.ilk 70 @iy''9tIt-2V on tlT en- 10y % JD'5t
1872 Inc performance On inns COM tact
Hot only restored US Ee' niil ~
LOT tllhe the NltA9t " aus ~ SOL altd
piousHt On "a peiiou oi restore conn
oehce ana s0ch peace dtu 4uiet ~ tiuSl-
ness clicles as WeIe ~ lue sItHtt7l i,o7sI-
Dle Naiue 70 eEeIy llteLtst lHat 5i'+eetS
our peop4e- MAJ me never lau we
slghtest mlsslNlhE tphctthlhs tlv W.
uoIl OF l1i % tillS ~ az Itij
am qufte WAllhs 20 answer iol NY Hi
share or responsibility iof us promotlon.
l DelleNe ~ aNeittu d Sli7estel ,lle tii'ui-
Hence o. Nhlch Ma9 ~ tuIi,ttsiS no 9
tne llIhe selleialy uiiels' stoou "A Ut
pe0ple. . ..,-.., .-.....,
lhosn the contract hlenuoHeu SlIy -
!oI a tiille uie uue q sotu " i'tlIL ~ 10
~ soou ies9Ils e9ull hol pg llei 'i,ai'e.i''
9eINe 1t e d'5 59 81 W 80 Icy ~
JuiIy' loso; 70 go 999''ls,. NV ~ J..
in ilr mn l. only a MATER
Of conjecture. though quite large With
dravals for shfpment in The upmcui. te
fuflIre are predicted in wei infol me-
quarters About S1e 600 GaO has beca Y.ith-
drawn during the month of November
Inc foregoing statement Of events and
conditions develops me fact that after
incres sing our interest-bearing bonded in.
debtedness more than S162 OO6OOO to save
our gold reserve we are nearly where We
started having now in such reserve $40
9S9 q66 as against S65 AIS S77 in February.
1874 when me first bonds were issuc.l.
srbougb the amount of cold drawn from
The free s1lrv aDpears 10 he very large IS
gatbared fror q tbe f9cts and fsures bare7
in presented. ii actually was much larger.
considerab1e sums having heeu acouired
nv tbe treasury within the several peri
DDS stated without the issue Of bonds
on the 2Sth Of January. 1895. it was re-
ported NJ tbe Secratarv If fhe Treas,,r,,
mar more than ana 000 IN If eold had hee1g
WITHDRAWN for hoardins or sbinment dur-
ing the wear preceding He now reports
that from Jap1 1870 IL INV ID lSqo a ne
,,iod ~ more tban eleven vaars onI,i q
9iftIe over s2S 000 0Oo was vvifbdrawn and
that between .Itilv IA 1SeD the date ar
fbe naeeaee ~ fbe Ia1, co. o., i,e,1es.i
,1,rcbase of si1ver ar1 tba - 49, 80
Ipecen1her 1sq5 or ,vitbj1 less tba,, fisoe M
a half wears there was vitb6rav5n ,,esriS
sg75 Oo0 in0 1nalxine a total ~ 1,ore tbaIg
s413 O00000 drawn from The treasury =,
gold since Ian 1870 the date dHsd ~
ISIS for the retirement of The Tinted
states notes nv i'Ou
-. 500 ,ooo ooo
Nearly SozhVoV'VW OF the gold thus With
Lawn ~ mas peeh pald out on these United
s9ie "a ooS 3 st aiiu eaJIy one OF we
s y y sun uncahceilsd anu ready
70 90 serves IN future gold depletons.
-IoIe tIlal Sto0o ~ IN gold mas since their
creatloh IN 1891 Deen paid out from the
nnrcbasa If Silver *, ~ slre OF tns
Vet tba whole aro,'t eis- oSo INV
sSca,t iitti ti .iiS 20 40 Sl9'VV9QO3
have bseT1 retireJ ~ i,,I 49, MI III
- q &. az, .as.t~tt ~ ll9qlSeS 4oI SIT
o,,tetapding apd e,,, 80 iloi ~ :, ieiiidiis
Older and more o,Fsaer.i,,7 ~ yoii tti ~
fure rai5s ,,non az t,,,, ssil'es IN "a ~
serve In otbar vrnrds fba sro,.s,,.y,,,,,-,-.
has Maid in cola ,,nra' ~ 500 500 .iliitht
~ its TrnitsS ctnt siia t iiiIiez teiltH H
owes thena ali a. 6as ,aiS a., aidu sun sun
one-baif ~ its' ~ - , PAU IN ~ solu apout
cbases v,itbo5,t ~ 1891 lor SILVER puI-
naVnent one do1Ie, ~ ISL 1,etidis ~ such
Nber aS1ea ~ ai1 - u; siie ,s notes.
Cd that 70 a1r,, 81 tti We al Leailld
ciaI scbe,, ~ 90 , LIS s9aoii l nlah,
bondad iI5t $780, - ~ co. n rs Incurred
"a bIisbi ~ il5ss " Sso9oV,OVO IN es-
1So in affo,te ~ ritssS' gnu o. Sioz'ol9-
nuaj interest ct,,r ON ~. that the an
debtsd1ess , Si.sli - On s ~, "a Donueu IN
q contin,,e No., T., isi 81 2I'Vo0,VoV' that
resnIt ~ f,,rtha, - ~ e t toulsS may
Ne be,,a Si III p9iiu issues anu tnat
iii me 80. ana are threatened with
9oreia 81 i w an y ;S3utppiylhg B9lu 1or
mo 7 bo1 o1 ~ rs hoard-
.aSS+a;, g i' 70 @ y eNniplteu Whlcn
nrot,olra f,,1,,ea7tt ~ attehiion ana
am oa,1Iias g g, esistatiNe feIieI.
o,17 -, ~, tiiSeu lldl tIle only thorouSn
g. aii9 pa t ~, remedy Tor our troubles
lion ~ a., III tIie ana eanceli9-
t to1i ~ oul Illies e states notes commonly
4 aile1 = seiioaJ nc, anu tIe Outstanding
a. ,aaS IiotS s lSsueu ny me soVernmnht
ac+ ~ ii 1ean VI siNer purchases under the
~ u low
believe this could be quite readily
accomplished by the exchange Of those
notes for United States bonds of small,