Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1896-07-23
GOLD EXPORTED.
The Gold Reserve Goes to Less
Than Ninety Million Dollars.
TREASURY OFFICIALS ARE ALARMED
They Contend That the Situation Is CAB
normal and Will Right Itself-Mean-
while, Bankers Mediate - Hnnd-Out
July a Trying Month.

Washington, July q The gold re-
serve went below the ninety million
mark today for the fret time in many
months and at the close of business the
actual figure was sS9, 761, 1886, a reduc-
ton of SO, 706, 800 for the day. OF the
Withdrawals 50, 033. 300 was for export.
Treasury officials look upon this
heavy gold drain as entirely abnormal
and are confident that it will not con-
tinue, at least so heavily. They say
that there is nothing in trade condi-,
tions to warrant the exports. adding
that although exchange is almost
point above the shipping point in nor
NAL times, the conditions are such, in
their judgment, as to make it uncertain
whether it can be profitable at present.
In the absence of Secretary Carlisle,
who will not return to the city from his
jaunt down the bay until, possibly, to-
morrow morning, no one can speak au-
thori5atively respecting the probability
of another issue of bonds to replenish
the reserve in the near future, but the
general trend of opinion was that such
thing was not to be expected.
AID FROM THE BANKERS.
The rumor reached the treasury late
IN the day that the New York banks
had decided to come to the relief of the
d. t-r-es1+ ~~I I'D nIadered them
selves to maintain the reserve at the
100.000,000 point. There was no official
backing to this report but officials pro-
Tess to see other hopeful signs, even if
this promise fails of realization. Among
them is the prospect that the demand
for money from the west may oblige
the New York banks to deposit their
tolt wI.l TIE treasury in order to OBJ
tam the necessary paper. This would
add materially to the protection of the
gold reserve. The department has al
ready accumulated in the general bal
ance of 1851 ,618.393, no less than $84,-
2S6,O16 Of gold legal tender notes, and
$35,113,019 in Sherman notes. This
leaves the whole amount of legal tender
notes outstanding, notes of a kind that
can be used under the endless chain
plan to draw out the treasury gold, at
only $345, 100000 and very much of this
is actively circulating in the course of
daily trade. The national banks hold,
of this total, $147, coo, 900, and so far as
the treasury officials know, they are
not generally lending themselves to the
present raid of the reserve
TRYING MONTH, ANYHOW.
As to other conditions, the officials
are satisfied with the manner in which
they have got so far, through the
month of July. This is always a try
ing month, the beginning of the. fiscal
year letting loose a lot of appropria-
tons for misc eblaneou5 objects as we'll
as for rivers and harbors and pensions
The payments on account of the latter
have amounted SO far to 1882, 900 a
month, while the quarterly interes-
charges on the per cent bonds and
Others have aggregated Sc, 479, 0O0 The
total expenditures for the month have
reached $31 .11S,000 which leaves a de-
ficit of 1881 ,294. but this is no more
than was expected, while there is en-
couragement in the fact that the re-
ceipts have averaged we'll up to a mill
5ion dollars per diem and that much of
this increase is composed of Internal
revenue receipts. an Indication that the
whisky in bond has at last been drawn
upon.