St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-19
SAVED OUR CREDIT.
Treasurer Jordan Corrobo-
rates Statements Made by
Senator Gray.
GROWERS PATRIOTIC MOVE
Acted as a Checkmate on the
Plots Of the Money
Sharks.
RAID ON THE TREASURY
Suddenly Brought to an End
by Timely Issue Of
Bonds.
RAID ON THE TREASURY

WASHINGTON, Feb 1S.-The attention
Of the treasury officials was today called
to the statement made by Senator Gray
to the effect that just prior to the sign
ing of the last bond contract United
States Treasurer Jordan had notified
the secretary that he could not continue
longer than the next day to pay gold on
demand for legal tenders. This state
ment, it was said, was substantially
correct. Wednesday evening, Jan. so,
| Mr.. Jordan, in a telephone mes
sage, told the department that he
thought he could hold out until the fol-
lowing Saturday, but that the next day
might decide the situation, 1t was
further said at the department that the
net gold coin in the subJreasurieS and
assay offices on Feb. g less gold certifi-
Gates to order outstanding, was $780,
57O,5l6. land that the gold bullion
amounted to s43.93S, ste, making the
| total coin and bullion S79,509,32
The gold was distributed as follows:
| Washington. 81, 1SS, 867; Baltimore. S621,-
| sos; New York, S9,70O,S34; Philadel-
phia, Sl,13S, roo; Boston, $780,
| $50; Cincinnati, 81, 306, 1856; Chi
cago, s2,664, IT'S: ST. Louis. S1,756.-
| 475; New Orleans, s1,O94, 372; San
Francisco. SS.93S, 623. In the Philadel-
phia MINI there was S4lS,010 in coin and
| 800, 446, 1928 in bullion; in Carson City,
| S657 in coin and S717,5S4 in bullion, and
I in New Orleans. $S12,955 in coin and
| 1852. S33 in bullion.
IN ba No,u Work occav rffinn tbarn
| was S12,0S0 in coin and SlS,3O1, 40 in
bullion. The balance of the coin and
| bullion was distributed among the other
J sub-treasurieS and assay offices.
| The first indications of general with
! draWalS of gold for the purpose of
| boarding in this country. the treasury
! officials say, were noticed Jan. II last.
| WITHDRAWALS IN INCREASED RAP
IDLY
until on the 18th of that month they
amounted to 81, 1876, 046. On Jan. 20 the
first message of the president on the
urgency of The situation was presented
to congress, and on that day over $4,000
900 was withdrawn. On the day fol-
lowing the Withdrawals amounted TO
over g, 600, 900, and on the 30th TO nearly
81 ,0O0, COO. The announcement that ne
gOtiatiOnS for another loan were in
progress was made on the first of
! February, and OH the following day
the Withdrawals had decreased to
SGT, 600 On the 5th it was reported
that a hitch in the proceedings had oc-
Cured, and the Withdrawals OIL that day
more than doubled. From early in the
year. 1t is said. every effort has been
made to gather gold coin and collect it
in New York and Boston, the two prin-
cipal points of Withdrawals for ship
ment, and on the I'd of February every
dollar that could be withdrawn with
safety from other points had been
shipped to these points. AS shown by
the figures given above, the total amount
of free gold in the subtreasury in New
York was 50, 700, 334, and the only pos
sible way of adding 10 it was from
the mlnts, whose total coinage was
only about 100000 per diem. On
Feb. the total amount of gold coin
owned by the government was exceeded
by the demand certificates outstanding
practically borrowing from the owners
of them and substituting gold bullion
in its place in order to carry on specie
payments in gold The further state
ment is made that between Dec. l, 1891,
Withdrawals of gold was $50, 7S6.3O2.
and the exports for the same period
$50, S52, 500, showing that over S43, 600
had been withdrawn for boarding pur-
poses during that period.
in other. Words" say the officials,
''the people of the United States