The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1895-12-07
Highest of all in Leavening U. s. Govt Repo
R@:a:!!l! q! RRs;;iaGs RRss.;;iaGssi|
Ans 4OEOTElX Q1JOE

be ms6rfonsd the failing Oh OF sxporS unaer
the operation Of the tariH Law until recently II
force, which crippled our exchange of co0-
modities with foreign nstions ana necessitstea
70 some extent the payment Of our balsncesia
sS.4..s, sS'G ,ss uS%a'uss. .nS IA. isiIss3 : -
for its free I'd
which have created q ~ s
position or ability TO e ~ = 11VuI j
the consequent hoarduy y R010 ~ home e3d
the stoppsss Of Investments OF foreign capital
as we'll as the return Of our securities already
sold abroad and the high rate OF foreign ex-
change. which induce the shipment Of Or -loaa
to be drawn against us % q matter Of <ecule-
tion. In consequence Of these conditions the
gold reserve on the ist day of February. 1924.
was reduced to ec5.4S.s77. having lost more
than al .o0j.o1o during the precedins nine
months. or since April. itsa Its replenishmens
being necessary and no other manner Of CO.
compilshIns it being possible. resort Was
had TO the issue and sale Of bonds pre-
vided for BY the rssumption scs Of 1eN&
Fifty milIIcas Of these boads were sesl. yisid-
ing sss. .6s3, ,s9S.7i. which was added 70 the re-
serve fund Of gold then on hand. A. reoule
Of this operation this reserve. which bed suf.
fered constant and large wtthdrswsis - tee
meantime. stood on the eth day Of March, i0S.
ct the sum Of ol0'. .s1s.ooa. Its dsplstaoa uaa.
however. immedistsiy thsrsastsr 80 aeeslesossd
thss ON the S)sh day Of June. DoDs. is hed fA1lea
TO - .sss.oss, thus losing By wishdrAweis moro
than 81. 10000 In nve months sna oropp&ne
slightly below this situation whea TIE aa'o -
o.oooo 900 in bonds Iwas effected for its rslsap-
tion. This depr( kod condition ereu worse.
and on the SOth~ dAy OF November. 10A
our gold reserve was drained 70 oS."0ol.
II became necessary to again strsaethen H.
amounting To ss0.0yo.ooo. from whieh thsrs IVES
reslzed ~. -. .sn0 with whi2lnshe fun1 was in-
creased TO siii ,oi. 0:l on ID ,1ay q Ds-
cember. 1884, Again ybintnsns auaies1
ths anxious hope for rSIief Tnoro VS. nos
even . luil In the sxAsperating with1rawals g
gold On the contrary, they grew larger onA
more persistent than ever Betwooa he ~
day Of December. loos. and early u roog uagys
1905. . period Of scarcely more than TIVE
months after the second reinforceDeas Of Gus
gold reserve by the sale a boa1s Il haA loss
| by such Withdrawals moro sAaA o0.e0y - ene
had fallen 70 su .0o'.isi. Nearly oo.oo. - haA
been witdrswn within the month inDe1insely
| preceding this situatioa. Jw tcl
| In this smsrssncy. and 10 visv q its ~.
| rounding perplexisy. Il became eastsoly ayDap-
emit 70 those upon whom the ssruagie ees sassev
was devolved not only that our eoad resesvo
1 must. for the third time in lees thoa sAlrseen
| months. Be restored By another Issue anl aa1e
| OF bonds, bearing rate of intosoDe - oo11y
| suited 70 their purpose. but tbot peno 0uso
be adopted for their dispositiou pce0hsjnG ~
I Ter results thAn realized On the pssvieus saasA
/ An agreement. therefore. was 0a1o With Z
number Of nnanciers and bankers Whsso6g
| it was stipulated thas bea1a a.
| scribsd in the resumption ass - loz1
/ payable In coin thirty years after thots 49,.
| bearing interest at the rass of Z PER oenk ~
anuum and amounting 70 shout oot.eUy0
should be exchanged for gold. receivable ~
| weight amounting to Q little more shaa -
Ooo.0oo Its good results could not b psr0a-
nent Recent wsthdra walls have reduced ~
reserve from stes. .szi 80 she sth day - Juay
isos. 10 e7p.s3e.s5d
On the s9sh Of January. isoS. 10 IVES repoe>oe
by the secretary Of the treasury that Dos>
than SIN, s,ooo.0oo Of the gold hsA sesn vt1n-
drawn for boarding or shiposnt during ~
year preceding. He nov reports thAs fsesu
January !, 1879. 10 July ~. 100. . posie1 q
more than eleven years. only little over -
o0o00o was Withdrawn. ana thns betWooo July
u. loo). the date Of The passage = ~ 1Aw fel
~ increased purchase q silver. an3 ~ IL
day Of Dscomber. ISos. OF wfshia looB sonn av(
| end half yesrs. there was Uith6ravn neogly
oszS 900 0o0. making . total of noro thAA ~,
100000 drawn from the treasury 80 eone<
January Z, iszp. the nass Axsd - 1oJ8 fes ~
rstiremcnt Of the United Ststes noeog
Nearly oo0 0o1.ooo Of ths gold thus wishAravl
has been paid out on these Unitod seAtes no1on
| anl yet every one Of ths oso.0ooyU9 10 st1u -
| Cancelled and ready 10 do service II fnsusl
eold deplotions. In other words. The oovogo
| meat has paid In eol1 moro thaa a1no-eooe0
| Of its United Staten notes and stin owgo 49,
} | al IL has paid In gold about ooo-ha8 - -
noses given for silver purchases wisAeus -
; tinGuishing BY such payment y q tAeee noeel
| AID addsd 20 ell this Ws ere ro0iaAoo soos =
llnnrw nrt shis astoundins aaaasial ayseo0 -
= kD1o4 ln1eoe1e