New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-15
WILL THE BANKS DEPOSI1f
THEY MA, HELP TO BUILD UP THE
GOLD RESERVE
NOTHING DONE YESTERDAY TO SWELL 1T AND
NO WITHDRAWALS MADE-NEARLY UP 'o

NOTHING DONE YESTERDAY TO SWELL III H'D
NO WITHDRAWALS MADE-NEARLY UP to
THE HUNDRED MILLION MARK
There were no deposits or Withdrawals OF goiu AZ
the Sub-Treasury yesterday. that so far ~ '"''
city concerned the reserve reina'heu "' ~
Friday. The anticipated action OF the pahhS III "
CT angling gold for greenbacks took no iur'hei ~. "
yesterday 1t will remain for Monday 10 s"o"
whether the proposition TO contribute 10 the rese
in proportion to their holdings. as first suggested
by President Stillman, of the National CiS p"""'
will bring forth more abundant fruit.
Six OF the associated banks supposed 10 nave
25,O000C0 of the total gold holdings oil all t'ese
banks. and of this amount the National CITY banh
has 100000. The banks profess Willingness
to give up half Of their god to strengthen the
Treasury provided the gold go directly there
J. Pierpont Morgan yesterday declined TO say
word about the report that the National City BANK
gave the syndicate $4,000 In gold In exchange
for greenbacks. There are several other similar
cases. Mr.. Morgan contented himself on Friday by
announcing that the syndicate despite the fact that
It's obligations to the Government ceased In June
last would nevertheless continue to do Its best 10
hold up the reserve.
Yesterday the opinion that another bond issue
would be necessary by November grew apace. Re-
ports that gold would go into the Treasury from
Rochester and Pittsburg had not an iota OF In
fuence upon this opinion. In fact. the Street has
not yet formally accepted the belief that Rochester
and Pittsburg have yet become great factors in
affecting financial problems OF the day
The following remarks made yesterday by
f. o. Leech. formerly Director Of the United States
Mint, and now cashier Of the National Union Bank.
of this city: THE thing that everybody looks
at is the Treasury OF free gold II 1t is
sOO.0Oo000. feel safe II under, we are ap-
prehensive. This imaginary danger line. estab-
lished first by the public-debt statement OF March,
1885, without any authority OF law. has become a
fruitful source Of public anxiety"
Henry Clews spoke his mind follows yester-
day: The late Congress batherskte body
Most of the members filed up the time OF the
session by talk. They talked eloquentlyi but acted
badly. Big takers but little good generally
for business action. Such was the makeup OF the
last Congressional body. The hopes certainly are
well founded for better results from the new Con
gress which convenes December L. Ihat peln8 ue
case, the United States Treasury Is so much ia
need just of proper legislation 10 provide II
with gold income be derived In legitimate.
businessike way. instead OF through charity or,
ferngs II appears TO me that the PRESIDENT wouiu
be quite justified In calling Congress together TOT
that purpose November ], or sooner. II possible.
December T. the regular period Tor congress ~
meet. is a long time OF, considering the ptesen,
pressing demand for gold on the Treasury IL wouiu
be no hardship for the members OF Congress 70
assemble In Washington November !. Instead OF
December l. AS matter OF fact, l think, .hey hy
would all rejoice to do so. as the climate OF thsS
city is always heathful at that period, ana the
air saubrious. -,
Washington, Sept. H-The Treasury gold reserve
Is stated to-day at $99 325+. subject TO net de-
ductIon OF $4,000 the result OF withdra%aIs
and deposits OF gold at New-fork YESTERDAY. coi'
rected official reports received at the Treasury his
morning from Assistant Treasurer Jordan place &C,
the total gold Withdrawn yesterday at A@oW
and the gold deposited at si.cc.Co