The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-09-28
SUBJECT OF MONEY
Inc Gold Reserve As Discussed Mt the
National Headquarters at Washington.
SECRETARY OLREY AND THE MORA DRAFT
To Distribute The Money Properly
Among Those Interested, Seems to
BE EcrcuIenB TnSk-CIerks Get
ting the Assignments in shape
Suits Threatened,

Washington, September 27.-The
treasury gold reserve has been reduced
70 W. I05.VGI at which figures IL stood
when the treasury closed it's doors to-
Gay. These figures were reached to-
uay by withdrawal at New York for
export OF $l,5U0,UOU
The figures to which the treasury gold
reserve have now been reduced by in
cessant exports are lower than since
April 10th last, on which date they
are stated ut s9l.247.li4. Under the
syndicate agreement gold was then be-
ing paid into the treasury and from
tEat date the reserve increased up To
June 18th. when its maximum height
this year, standing at SlOI. 112 .362. From
that time the gold reserve has gradual
ly declined until to-day'S figures were
reached Treasury officials decline to
discuss the prospects of further gold
shipments. as the situation is very
much mixed The present movement
appears To consist chiefly of the lcgit-
innate exports with not much more
than tinEe of speculative motives np-
parent. No uncaSincSS and no antiCi-
pationS OF any emergency arising suft-
clent To make necessary another bond
issue are entertained in well informed
circles. While no official information
can be obtained on the subject the be-
lief is entertained that the rational
banks of New York may come further
to the relief of the treasury next week
SlQ.Obu,Olp OF so. Government officials
are encouraged to believe that within a
month the number OF commercial bills
that Will bc on the market as n result
OF tn. export of cereals and cotton will
turn the tide OF exchange and stop the
Solt exports for some time to come.
The situation. however. is 50 knleido-
scopic that no one here who's" opinion
Is worth quoting will express an opinion
for publication
The Mora draft has been paid and the
money is now subject To the order of
Secretary Olney. ON September I4th
the Spanish minister Dupuy DE Lone.
gave the draft on the Spanish financial
agent in London to Acting Secretary
of state !Nd"" the time fOr It's delivery
according tu the demands made by
Secretary blncy expiring September
18th, which date happened to fall on
Sunday. Secretary Oluev returned
from his vacation the following Monday
and took CharG" of the case. The Sec
retary, it is understood. forwarded the
draft To New Work for transmission 10
London on the first steamer ana the
prompt way in which It was paid shows
there has been no attempt at diplomatic
delay in settling up the account This
afternoons Cahl" announced that the
draft was paid to-day and the pro-
ceeds $l.Aa9O0O In golD placed To the
credit of the Secretary in New York
II now remains for the Secretary To
distribute the sum among the persons
Interested. and this seems to hc Il task
OF some difficulty. owing To The many
assignments OF claims that have been
made. Extending over period Of
twcnty-iiv" years ana having passed
through I'll" hands of numerous attor-
ncys. il is To bc expected that there will
bc more on less of conflict between
claimants. Just what III" Secretary
Will do has not Vet been determined.
TWO ,-NDgIt clerks have. bp.n "A work