The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-08-16
The GOLD RESERVE.

us &OLO Tx oEnb-.
un~asineS~ Felt over Recent Heavy ship
n.ent. Abroad What WIN IN. Road syn
siicate -. - Acting >-cr.tsr, Curtis secs
No Cause fsr Aisrm Others. However,
Not - >aa <uine--,iow VIII the Tide
Tarn.
WASHINGTON. Ang. 9-The rstice n "a
prevailing among certain treasury off,
Gals when they are approached on the
subject Of the condition Of the gold re-
serve and their absolute refusal 70 Of
fer any opinion as 10 what this out
flow OF gold Of the past two weeks sig
nities. leads 10 the conclusions in some
quarters that the treasury department
j. uneasy about the situation. II is
quite probable that hy Saturday the
syndicate viii be compelled TO prove
whether il considers its contract full
filled. or whether il feels constrained
70 assist the government in maintain
ing the reserve
The rapid diminution Of the reserve.
the speedy descent from more than
slo7. 600. 600 To very little margin over
the amount tie reserve j. required TO
be. has shown how easy a raid. even
under the guise Of the ordinary course
OF business. can be conducted.
Treasury officials are emphatic in
their statements tnEt this loss of gold
is due 10 legitimate business. AMI
point 10 the character OF the houAe
taking il out To show that il is not the
result Of speculation.
Whatever may be tile cause. the loss
is felt. and will De felt TO still greater
extent before the week is ended.
There was an intirnation at the
treasury Yesterday that notice would
be given to-day of a withdrawal for
export Saturday. and officials do not
hesitate to admit that the indications
point to the further loss OF an equal
amount II not greater than that
which was shipped on yesterdays
steamer.
At the close OF business yesterday
afternoon the reserve stood at the
Si0i.ii>.se- mark, loss over Wednes-
dav If s3i9 ii2
The $1,000. 100 shipped YES terday had
not been reported 10 the treasury in
the Official balances from New York.
and did not. therefore. appear in the
reports unit. to-day. The actual con-
dition II the treasury. then. finds the
reserve amounting To only Si03.li.. G5e.
This shows loss Of q. 500 900 sine. the
syndicate made il, payment July s,
and sent tie reserve up 10 sie7. $50. s)s
The gold reserve wa, not nearly 80
low as this on the eth OF July. when
the syndicate felt called upon 20 in I
crease IT, At that time the reserve
had dwindled down TO little below 4
eiO5, 5oJ.oo,. and bv Monday il had 4
been swelled 10 a little more than 4
Si0-. 100000
Some treasury officials who discuss
the matter privately assert that unless
the syndicate again steps in and fills
the gap that has been made. the pub
lie viii be warranted in believing that
the syndicate considers its contract
TO have been completed in its en-
tirety. and 1t IS not longer morally
bound-if not by the disputed mean
ing OF the text of the contract-to
maintain the reserve
Acting Secretary Curtis said yester-
day that he did not know what the in
tentions OF the syndicate were, but so
far as the treasury situation was con-
cerned he saw nothing in ii now to
Justify any feeling of alarm The gold
that was going ont was sent abroad in
the payment Of debts. and within few
days, he believed. there would be
flow in this direction
Meanwhile the gold continues 10 90
ont, and no official expression Of tie
proper Interpretation OF the bond con-
tract is made.