Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-03-15
RETAINS ITS GOLD
Officials Of the Treasury Make a
Fnll Statement
THE OUTFLOW HAS STOPPED
state ments of Newspapers Regarding a
Recent Drain Declared to ke
Entirely FaI e.

Washington, March s.-Assistant Sec
rotary Curtis today made the following
statement:
In view of certain statements in the
newspapers that the treasury officials
are embarrassed by an alleged failure
in gold deliveries under the recent con-
tract and other assertions of a similar
nature, calculated to mislead and dis
turb the public mind. wish to saw that
the actual Withdrawals of gold from the
treasury since March |, 1895, have been
$355.34 of which $2Sl ,0S7 have been for
redemption of United States treasury
notes and $74.260 for the redemption of
United states notes, and divided among
the cities of New York, Boston, Phila-
delphia. Baltimore, San Francisco, st
Louis and Chicago. These are no more
than ordinary Withdrawals, which.
within the past, have usually taken
place at this season of the year. More
over during the same period the treas
ury has received considera BILE gold coin
In exchange for various kinds of paper
currency. The apparent falling off in
the gold reserve was caused by a mis-
ment of the treasury, a statement made
up from statement sent from New
York, which should not have been in
cluded in the gold reserve until the GER
tificates of deposit upon which the
bonds could be issued were delivered.
The February figures quoted in some
of the newspapers as gold Withdrawn
include heavy Withdrawals of the earlier
part of the month, before the gold pur-
chase contract was made. and one single
large item-not withdrawn for export
concerning which there has been CON
siderable newspaper comment. 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 pur-
sued by the sellers of gold coin under
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
The fact is, fully $4,000 900 in gold has
already been deposited on foreign ac-
count in excess of the contract require
ments. In regard to the excess of gov
eminent expenditures over receipts, 1t
is well known that the latter are rapidly
increasing and that up to this time
nothing has been received from the in
come tax and very little from the sugar
duty. both of which will be implements
of receipts in the future. There is
plenty of money in the treasury to pay
appropriations, and the statement In
some articles, that If the treasury had
the money the paSSa ge of enormous an
preparations would lead to the immedi-
ate disbursement of immense sums of
money, Is totally untrue.
There is question of law as to when
the appropriation for the payment of
the sugar bounty becomes available and
until that question is settled it will be
impossible to make any payment here
under. Moreover, claims for the bounty
must be adjusted before the payment.
since the payment must be made pro
rata If the appropriation is insufficient.
The total available cash in the treasury
today amounts to sS3,371 495, over and
above the 800, 900 allowed to cover
the gold reserve, which is sS9,745, sail.
The treasury officials have no anxiety
as to their ability to meet all obligations
in the immediate future with ease, and
are confident that the expected revival
of business will assure future prospect
ty"