The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-08-12
TREASUn. OFFICIALS UNEASY.
They Realize Again That Wall street
Has Them by the Leg.

Washington august S.-The reticence
that usually prevails among treasury Off
Gals when they are approached on the
subject of the gold reserve, ana their alb
ISOLATE refusal 20 allow themselves to be
quoted 'as 10 what the outflow of gold of
the past two weeks signifies, leads To the
conclusion IN some quarters that the treas
ury Is uneasy about the situation. 1t 5
quite probable that by Saturday the synd-
cate VIII be compelled to prove whether
il considers its contract fulfilled or whether
% feels couStra.led TO assist IL nam
tanning the reserve. The rapid diminution
Of the reserve the speedy descent from
more than one hundred and seven millions
to very little margin over the amount the
reserve is required to be. has shown how
easy "A rad. even under the guise of the
ordinary course of business, can be con-
Quoted.
Some OF the treasury officials are en-
phatc in their statements that this loss
of gold is due ,9 Legitimate business, and
point to the characte~ Of the houses taking
1t out TO show that it is not the result or
speculation. Whatever may be the cause
the loss is felt ana will be felt to st.ll
Crc3ter extent before the week is ended,
There was an intimation at the treasury
To day that notice would be given tomOr-
row OF a withdrawal for export Saturday,
and Officials do not hesitate 20 admit that
the Indications point to the further loss
of an amount equal to, If not gre ter than
that which was shipped on todays steamer.
Al the close Of business this afternoon the
reserve stood az the $lOl, 1869 mark. a loss
over yesterday Of S5i9 ~. The one million
shipped today has not been reported to
the treasury in the official balances from
Now York, and VIII not, therefore, appear
in the reports until tomorrow. The actual
condit ton of the treasury, then. finds the
reserve amounting 10 only $103, liS662. This
shows loss Of 100000 since the syEdi-
cate made It's ast payment. July 9Th, and
sent the reserve up L. $l07, 500 POS. The gold
reserve was not nearly so low as this
on the 9th of July. when the syndicate
felt called upon to increase II. At that
time the reserve Ead dW.ndled down to a
little below Slo5.Juo,oo9, ana by Monday 1t
had sweilcd to "a iIttle more than 500, 100000.
Some treasury officials who discuss the
situation privately admit that unless the
syndicate again steps in and fills the gap
that has thus been made the public will be
warranted in believing that the syndicate
considers its contract to have been COM
pleted IN its entirety, and that it is no
longer morally bound-if not by the dis
puted meaning of the text of the contract
to maintain the reserve.
Assistant Secretary Curtis said today that
ne dld not know what the intentions of
the syndicate were, but SO far as the
treasury situation was concerned, he saw
nothing in It now to Justify any feeling of
sent abroad in tAe payment of debts, and
within few days he believed there would
be a flow in this direction. Crops We're be-
ginning to move, and the presence of COM
merclal bills in New York, some of which
were already on the street, would loosen
the tension and bring down the rate of eN-
change and stop the export of gold There
are others, however in the treasury not
SO sanguine as is Mr.. Curtis, and many of
these are beginning to look forward to the
next week as critical period, one that
must show which way the tide Will turn.
Melnwhile the gold continues to go out,
ami no Official expression of the proper in
depreciation Of the bond issue is made.
Notice of the Syndicate.
New York. August S.--The Belmont-Mor-
gan bond syndicate today notified all sub
scribers to the syndicate that upon presen-
tatlon of their certificate of subscription
at the office of j. p. Morgan q Co. on
Friday, August 9th. they will receive