Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1895-09-21
NO BONDS NEEDED.
other Means to BE Adopted to Maintain |
the Reserve.

the Reserve.
WASHINGTON, Sept 1.-THE true
treasury gold reserve stood at the
close of business Monday at So5, 24s,
sac, the lowest point it has reached
since the last bond issue raised the re-
serve above the 800, 900, 900 mark.
New YORK, Sept 17.-Crossman &
Brothers have engaged $1,000, 0O0G gold
at the subtreasury for export Tuesday.
There were indications Monday morn
ing that there would be an increase in
the rate for money during the day. If
this should prove to be the case and
the increased rate be maintained, it
was believed the change would have
an immediate effect in reducing the
rate of foreign exchange.
New YORK, Sept. II. Assistant
Treasurer Conrad n. Jordan says in
relation to a probable new government
loan:
II have not had any conferences or joined In
any discussion about government bond
issue with Mr. Curtis or anyone else, except
in an informal and gossipy way. A great many
we'll informed hnanciers. including, believe,
Mr.. j. Pierpont Morgan, do not consider a new
government bond Issue desirabe at the pres
ent time at all events"
WASHINGTON, Sept. 17.-Many offers
to supply the treasury with gold in
small quantities, from $1,000 to $780,
O0O have been received, and all the
offers considered favorable to the
government have been accepted. Sew
eral offers have been declined. One of
these was from Louisville Ky.) bank
which desired the gold they offered to
L. t.
other offers where the banks wanted
the treasury to pay the express
charges on the gold and cur
rency, both ways, were also
rejected. All offers of gold
within the limit of tolerance in ex-
change for currency forwardable at
government contract rates, have been
and will continue to be accepted by
the treasury as long as this special
concession is continued in force.
Several offers of light weight" gold
have been declined. These lots of
lightweight gold always make their
appearance on occasions such as the
present, but so far the treasury has
not been caught in the trap.
WASHINGTON, Sept. ia few days
of calm reflection On the effects
of the latest gold leak in the
treasury have convinced Secretary
Carlisle that there is no reason
for alarm. Comments on the situation
Monday morning by officials of the
treasury were all reassuring in tone
and along the line of mo bond issue
and mo extra session of congress"
The present situation is said to differ
from the preceding instance where
the gold reserve has been re-
duced and threatened with fur
ther depletion, because it occurs
with improving times and upon the
eve of Increased commercial and indus
trial activity. This of itself is having
the effect of reassuring the treasury
officials. Said one of them Monday:
Extensive shipments of gold must neces
sarily cease with the shipments of crops tC
Europe and the fact that no improvement il
the situation has yet become apparent /:
due to the tardineSs in the movement of the
crops both south and west There are sew
erhl causes that have contributed to the pres
ent condition of affairs which in themselve!
furnish reason for encouragement. In tn,
first place. the cotton products of the south
believing that the increasing prosperity o
the country will have the effect of in
creasing the prices of their staple, have beel
holding their crop for better times AL
ready their hopes are being realized and bet
ter prices are being offered than have beel
obtained for nearly two years. The mar
ket shows an upward tendency and still
greater advances are hoped for and antici
pated The same is true OF the western
wheat growers. AS result the exports hav
been smaller than are usual at this tim
OF the year and the Withdrawals OF gold from
the treasury, which are inevitable while tn
balance OF trade is against the United States
are continuing longer than would be probabl
under normal conditions
The treasury receipts are increasing and vii
come near detraying the current expendi
lures of the government The dehci
, for the present month is smaller than 70
the preceding months and with improve
commercial conditions the receipts shoul
show continuing Improvement 1t is, there
fore, with little apprehension that the treas
ury officials anticipate the two mohths tina
must intervene before the assembling OF tn
next congress. and 1t Is not believed tha
, either an extra session of congress or an issu
of bonds will be needed"