The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-03-09

Washington, March S.-Assistant Score
tary Curtis today made the following
statement;
'1n view of certain statements in the
newspapers that the treasury officials ara
embarrassed by an alleged failure in gold
deliveries under the recent contract, and
other assertions of a similar nature cal
culated to mislead and disturb the public
mind, wish TO say that the actual with
drawals of gold from the treasury since
the first of March, 1895, have been $685.
6471 Of which S261. OS7 have been for the
redemption Of United States treasury
notes. and SI4,26O for the redemption Of
United States notes. and divided among
the cities of New York, Boston. Pbiladei-
Pnla, Baltimore. San Francisco st Louis
and Chicago These are no more IMAM
the ordinary withdrawals which in the
Past nave usually taken place at this
season of the year Moreover, during tho
same period the treasury has received
considerable gold com in exchange for
various kinds OF paper currency.
The apparently falling off in the gold
reserve was caused by a acknowledgements
ing IN the gold reserve statement Of the
treasury statement. made I'D from the
statement sent from New York, which
Should not have been included in the gold
reserve until The final certificates of de-
poslt upon which bonds could be issued
We're delivered. The February figures
quoted in some of the newspapers as
Withdrawn, include the heavy Withdraw
ais of the earlier part OF The month he
fore the gold purchase Contract was
made. and one single Iar5ekzen not with
draWn Tor export, COnCeTRrig which there
ment
The. treasury officials who are charged
with the responsibility of these transac-
mons n, have no anxiety. whatever in regard
10 me method which is and has been pun
sued by the sellers Of the gold coin under
tae recent contract. They are satisfied
70 C0nIenplate the fact that for five
weeks the Withdrawals of gold coin have
not exceeded the normal amount. with
( the exception of the instance quoted
ABOVE, and that no exports Of gold WOuldb
ever have been made during that tiYneT
I The fact is fully 100000 In gold has al
ready been deposited on the foreign ar
count in excess OF the contract require
I'm regard to the excess Of government
Z expenditures over receipts il is we'll
known the latter are rapidly Increasing,
ana that up to this time nothing has
( been received from the income tax and
( very little from the sugar duty both Of
which will be implements Of receipts in
There is plenty of money in the treas.
ury TO pay the appropriations. and the
5IdteInent IN some articles. that If the
treasury mad the money the passage OF
I the enormous approximations would lead
I 10 immediate disbursement of Immense
sums OF money. is totally untrue There
I is a question Of law as to when the an
I preparation for the payment Of sugar
I bounty becomes available. and until thar
question is settled it viii be impossible
] 10 make any payment hereunder. More
I over the claims for bounty must be adj
I 1u5ted before payment. since paynent
must be made pro rata If the approDrfa-
! ton IS insufficient. 'FF- = ~ "a
The total available cash In the treas
I ury today amounts to $50, 81, 49,, oyer ana
[ above the one hundred millions allowed
Z 10 cover the gold reserve which Is $50
I l4o.agN IL The treasury officials have no
anxiety as to their ability to meet All
( obligations in the immediate future With
! ease and are confident the expected re-
I Y1Val OF business VIII assure the future.D