The times. [volume] (Richmond, Va.) 1890-1903, 1895-08-14
THE TREASURY RESERVE.
TUE STNDTCiTE GIVES EVfDrNCE
fHfrIr VIII BIZ PR0TECTED.
J. Picrpont Morgan & Co. Deposit ST.
$4,000 In Gold Coin in Exchange
for United states Notes.

WASHINGTON. Aug. 13.-Eviience that
the Belmont-Moigan bond syndicate In
tend TO protect the gold reserve OF the
Treasury against raids upon it FOR cx-
port TO Europe was received NJ the
srreasury Department BY Acting Secretary
curtis. al f.l5 O'Clock. this afternoon. \
man reached him stating that J. PIER
lont Morgan 4 CO., had deposited VI
$4,000 IN gold coin in eNchanSe Tor United
states notes. 4 previous telegram 10 the
department contains the Information that
$4,000 I'm gold coin had been Withdrawn
from the >ub-freasury for export to-
morrow. With the deposit OF gold to-
day by the syndicate, their deposit since
gold exports have boom resumed on a
large scale. reached total of S2'i.oH IL
Is estimated here that with exchange az
the high ngnre quoted. fn ~ So nri
profit of $500 on each 100000 gold OK
ported Is made by the shippers Treasury
officials are much grstincd AZ Oe action
of the syndicate as n Is construed 70
mean that they Will not permit the sold
reserve to fall below SlOo0N.ee. Al the
close Of business to-day the reserve at001
NEW YORK. Aug. IA Duluth. Mimi.
snecial SAYS. "Nou may tell the people
that they need not worry about the goli
reserve" said Secretary or Treasury 'Af-
lislc Yesterday 10 was only when Ne was
told about prospective heavy foih mp
ments and anxiety in some quarters nnoHl
th'ir effect upon gold reserve that ne
consented TO sneak. even b~icdy on pub
lic affairs. The Secretary lcit las' 'F'i-
ing on the trip down the lak'A
new YORK. Aug l3.-ihe 'oNern-
ment hond syndicate today added I.lih.-
600 60 the gold reserve In the Nniigi
States Treasury. The deposit was mitr
ar the sub-treasuly In New YORK. ~
was mainly in checks issued hy the
assay ofiice for gold bullion delivered
frafftufIUn kRlt IIln WAS .Nlr
nishcd The assay office checks were
purchased hy the syndicate from buluen
dealers. The syndicate Is 10 suipy
more gold.
Is IT TErACHrEYs
Arbuckle Brothers. the wei-Known
coffee importers. withdrew >ts"NN IN
gofd to-day for shipment 60 Europe. The
Withdrawal ~ ls stated, was made Only
after "a meeting of the members or ne
bond syndicate this afternoon. Ns 'he
the story runs. the syndicate, ait'r ~
close investigation. discovered thtt an
tha members were not aihering 10 their
original contract in regard 10 soll hhlp-
mcnts: that two Well-known nfne. iN-
stead of appearing in the matter th'n-
selves used the house which has recently
done the bulk OF the shipping or the !'i-
low metal lt has been said Tor some
little time that Crossman n broth'l'
wrre not Forwarding gold ih SuDh lnlr'
quantities 10 meet aimen's on th, 81" IN .l
t.
against the gold for the profits acciuiit
directly from such operations.
Afbuckle Brothers are recognized ns
competitors of CrOssman n itfoiNflH' NN'
shared IN the bond syndicate .''r,
whereas Crossmnn X Bro were nni DID
that deal While the syndicate lhfin''.'
would speak only I'm whispers, p i' ffi-
dent that they have discovered li'hiNfit
in their camp, ahi nave iie'n v-t.
tory steps TO punish the offenders. men
the Inside facts are known, tnHt htt
liable TO cause consiirrnnie 'onfn'i'"h
i'm financial circles. Having made 'nof-
nous profits through their Participation
I'm the syndicate operations. u Was hpt
believed for "A moment that any OF me
foreign exchange houses would ship gulH,
end thus hamper the Brimuni-Mois
interests. which have been striving 10
keen the treasury gold reserve as hihh
n is nrohablo that senator Harris win
preside over tne meeting. ana casey
Young. Of Memphis who u.s. cnhlfmih ol
the Executive Committee. Will have mucn
fo saw fu tho proceedings Tao object OF
the conference is fO form an of3an'ka Npn
within the Democratic party iAloihNl' I"
free silver. and every thoit VIII p' Hi""'
10 secure harmony in the RANKS SEN
ator Harris is authority Tor tn' state,
rcnf that "a new National Committee WIZ
ha formed composed OF Democrats OF
prominence. one drswn from each 1t.,''
fhe object being 90 secure control OF '"'
National llNfINN|hA.H 'NNN' 'A'f''''
~ IA. Hinchsen arrived tonight from
Illinois. Mr.. Hinchsen said to-"ish'
VERY sANOulNs.
.,rho free-silver men will nominate AMI
ai.et tha next President Naturally We
fnrn 10 William R. Morrison as ihe one
available candidate, WHO represent n''i'
ing Democracy as orpo7t1 l." I'D, So
bug mugwumpery ot thr NJ i.lt- i.lt- ',,.i,-
While Mr. Morrison has thus Tar ffnain-
"a uon-commlttll ON the silver aIta'.'",
vlt ,y. are assured hy him tnai i' Iia
fhe interests OF his party af h-ti -
marty win point Co him DID N"ii,i.'''" "ii,, '.,l
t.rnie the necessity for iffe fllf,i -
mo-. moon him The leadership ~ iN'
s,i7.r rnoveuent originated iu the Ne..
sn also must the party leader come io"
'"ssv tsin II should be- understood that
,his Is A Democratic movement 'nl...
i, within the lines of the party tt'is
poss',ie effort w.il be maj 70 ii,s.
factionM differences my Non
,rui .dopt resolutions th1t It's rrr9iAtiv"
in h.. adoutsl Ia "a majority OF Demo-
Init conventions Of the various 'ttl''
sn mar the next Democratic NhNnh"i
ron,ention is held the Delegates WIN
vote almost unanimously ia lafOi u ''NN
s.n.tor Daniel was one Of .he late arr
,i,.al. to-uiehr lie said ne was N''
aware what the mission. l0f lhe k'i -, -.
of the conference Woul ne' D"r --f
expected about 300 delegates 20 49,.
emit such number, "a number lnvus".
would work more cousonanc' th'n a.
larsfr renresentauOn. ana mo "yiN ... ~.
hand would be disposed OF soon. ~, san
'n raason why the meeting should inst
longer lon than one day He had not come
Lere 10 offer resolutions. and did no,
know the nature OF the ones that @ou.l
Doe introduced by the leaders "t
r,ovement. III was his opinion. however
that good would come of the an"lf. ai.t
,hat the country an large would appiauu
the action Of the convention.
POsT-OFFITE EOBBIh> 't' '"Hi'
They uay. Been Operating on the Line oil