Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1895-12-06
dnced the shipment Of our gold to DO
IN ..,,, ,,,u;,a no n vnutror If snecn latiOn.

dNCtd the shipment OF our ROi0 10 %
raw, ,.xains,, ~ q matter of speculation.
In consequence of those conditions, he
aEo1 reserve on tie first day of February,
1894, was reduced to 81, 438, 377, having
lost more than $3l, ON,O) during the pre-
ceding nine months. Its replenishment
being necessary, and NO other manner OF
accomplishing it being possible, resoro
was had to the issue and sale of bonds.
provided for by the redemption act of
1875
Fifty millions of these bonds were sold,
yielding $58, 633 zoe. ~, which WAS added
TO the reserve fund Of gold then on II ma"
As a result Of this opera. ion this reserve
which had suffered instant and Ia &c
Withdrawals in the meantime stood on
the 9th day of March, 1884,, at the sum of
8 O7,4l6,s,-. Its depletion was, however.
Immediately thereafter SO acc .lerated that
on the 9th day of June, .S3+, it rad fallen
to $64, S73,O3I. This depressed con-
ditioh grew worse and OH the 2.th
day Of ovember. 1874. our gold eserve
beng reduced to $'7,6Ul. OF, it became
Necessary to Again Strengthen 1t.
This was done by anovher>. issue of bonds
amounting to $50, $4,000 from which there
was realized SIS, 53s, 800 with which the
fund was increased to Sill Ia, O2l, OH the
4th day of December, 1894.
Again disappointment awaited the anX-
ious hope for relief. Between the 4th day
Of December, 1894, and earlv in February,
1893, 4 period of scarcely more than TWO
months after the second reinforcement Of
gold reserve by the sale of bonds, it had
loso by such Withdrawals more than
100, OJO, QUO and had fallen to al, $40. lel:
Congressional aid was asked in this emer-
gency but no relief granted, and the third
issue of bonds were made. Recent with
drawals have reduced the reserve from
lO7,5H, $50 on the 9th day of July, lS0',
10 &7s,S83,3,6 How long it will remain
large enough to render its increase Nm
necessary, Is only matter OF conjecture,
though large Withdrawals for shipment in
the Immediate future are predicted In
well-informed circles.
Inams.ss Withdrawal of Gold.
Though the amount Of gold drawn from
tho treasury appears to he very large, rs
gathered from the facts and figures herein
presented, it actually was much larger,
considerable sums having been acquired
by the treasury within the several periods
stated without the issue of bonds.
On the Ssth of January, 1895, it was re-
ported by the secretary Of the treasury
that more than Sl7s,0W,OOO of gold had
been withdrawn for boarding or ship
ment during the year preceding He now
reports that from Jan. l, 1879, to July IA,
1891, period of more than IL years, only
a little over rs, OJO,O 900 was withdrawn,
and that between July IA, 1880,
the date of the passage Of
the law for an increased purchase OF sill
YER, and the lst day Of December. 1895. or
within less than five and half years,
there was withdrawn nearly $375,OOo,NO
making q total of more than e405,0 1900
drawn from the treasury in gold since
January l. 1879, the date fixed in 1873 for
the retirement Of the United States notes.
Nearly 1921. O0l ,0Oo of the gold thus
withdrawn has been paid out on these
United States notes; and yet every one of
the 1916, 900. 600 is still uncancelled and
ready to do service in future gold deple-
tiOns.