The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-03-09
CONDITION or rmE TREASURY.
Plenty of Gold and the Revenue Re.
eefpf~ Arss Atfssu,tatts.

Washington city. March s--Assistact
Secretary Curtis today made the foiiow-
ing statement: I'm view of certain state
ments in the newspapers that the treas
ury officials are embarrassed by an al
legged failure in gold deliveries under the
recent contract. and other assertions Of =
similar nature calculated TO raislead and
disturb the public mind, I wish TO say
that the actual Withdrawals OF gold from
the treasury since the LIST of March, 1886.
have been Sss.sf7. OF which sSI.os7 have
been for the redemption OF United Stateu
treasury notes. and 10 for the resiemp-
tion of United States notes. and divided
between New York. Boston. San Fran
cisco, Philadelphia. st. Louis and Chi
cage These are no more than the ordIu-
airy Withdrawals which I'm the past have
usually taken place mt this season or th6
year. Moreover. during the same period
the treasury has received considerable
geld coin In exchange for various kinds
OF paper currency.
THE apparent falling of In the gold re-
serve was caused by misunderstanding
In the gold reserve statement Of the
treasury statement made up from the
statement sent from New York. which
should not have been included I'm the gold
reserve untii the final certificates OF de-
posit upon which bonds could be issued
were delivered. The February flgnres
quoted In some of the newspapers az gold
withdrawn include the heavy Withdraw
ais of tho earlier part Of the month. be-
fore the gold purchase contract was
made. and one siugic large item not with
drawn for export, concerning which therd
has been considerable newspaper conn
ment. The treasury officials who are
charged with the responsibility OF these
transactions have no anxiety whatever in
regard TO the method which Is and has
been pursued by the sellers OF the guln
coin under the recent contract. They are
satisfied to contemplate 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 nate
been made during that times The fact Is,
fully so zoo In gold has already been
deposited on the foreign account in ex-
cess OF the contract requirements.
'.In regard 10 the excess OF government
expenditures over receipts. Il Is well
known that the latter are rapidly In
creasing. and that up To this time moth
Ing has baen received from the income
tar and very little from the sugar duty.
both OF which will be implements OF re-
ecipts in the future. There Is plenty OF
money In ths treasury to pay the appro-
priations. and the statement made In
some articles that II the treasury had
the money the passage Of the enormous
appropriations would lead 10 immediate
disbursements OF immense sums OF
money Is totally untrue. There In q qucs-
tion of Law as 10 when the appropriation
for the payment OF the sugar bounty be-
comes available. and until that question
is settled IL viii be impossible To mako
any payment Hereunder. Moreover, tho
claims for bounty must be adjusted be-
fore payment. since payment must be
made pro rata IL the appropriation In In
sufficient.
THE total available caeie In the treas
ury today amounts 10 ss2 IT'S sas over and
above tho si0o.9o.09S allowed 10 cover the
gold reserve. which n sss.T .ssstf. Tho
treasury officials have no anxiety as 10
their ability 10 meet all obligations In the
immediate future with ease. and are con-
fident that the expected revival of busi-
ness viii assure the future