The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1896-10-17
DEFENDS THE BANKERS
OFFICIALS EXPLAINS METHODS OF
THE GOLD WITHDRAWALS.
secretary Curtis believes Confidence
In Present situation Is Dae TO
New York Bankers.


afSNai from she treasury Here Is the let
ter IN part:
lion. Charles W Dabney-Dear Sir
referring 10 your letter and our CONVEX
salon concerning the campaign attacks
upon lie bankers Of New York IN their
relations with the gold Reserve ] desire
10 submit the following. The term Of
raids ~ bankers al New York upon the
treasury Is one frequently used by writ
rs and speakers Who have no accurate
hAon ledge OF Ihe method ga which the
t"ivs are presented for redemption q;
iLT sub-tieasuFy ia &eW York. or the
character - number Of persons making
s~eh pfest hlatiOn. The term hankef
SEEMS 70 bt assumed Ia muSt cases 10
cover 4 cil - 81 men who are apparently
engaged IL ihJra sing tie pold from
'AV EoN~fhfnr rs reserve, and Iuttlug
IL immediately iH their private vaults tQf
lte!f oAt selfish purposes and TO accom-
E4lsh certain alleged Improper objects
lie fa'ts ia The ease a4e 50 different
from These tan-ifui statements that IL
seems worth rlie 10 call attention -
tArIL-
Fly the operation Of certain natural
ia"s Ma York has uoIne 10 De ihe set
.!'ls i'iaer % O. lmpsl ali contracts Tor tlse
-olr Of cur PRODUCTS exported or Of
fyfea To- salg abfuad Al the same iiIl.
reFle desiring 10 remit money Abr1Ha
2
af. 'E lA~ same market and in order ta
#E} sAg.r otlr atluus purrhas, th~sc ii's
q exchange Go femu 10 ihr.r creditor
tFHaa Large amounts Of coffee. 81 =
'..r tta- sugar and other foreign ufaa
-.ts consumed here have 10 be Iare.la~tl
'#h fefo'E. credits. and pssA inf e.
Nrp f". Will foreign cN'hauEe TIN
sssufaI g-sIit ir that when we ARE -sl!-
HE tlafr fuu's abroad and tr,.r ~.
Hssr lists a. exchange la ,he IN 'k"'
haI THERE Is demand toT. wh3ra D. 30.
! ast as Fr'@'- She pficv q v4c-. sHE.
'sa= pn the ulher hHad va~n $50 Gag,
| #a; -~la-s % agga slruzu aut Are N-2
ff nHfr a. IRE la3ilE olT a'b'a 10
| sEisI.f sS'tr' atruaa rtv price 80 es
@afar flses
! It- people earsFul 80 thr haHk4.s
| .4sa.,>s utaF .e a.a1lr1 iH}u three >'s-s
| tEssi if" oHn'fs ~ a." FV'at'.
| "sf.Ls az deposit er Issue inrlaciue tH.
| .atlaaal falis second sac as.3r's .s
| .o. -'3itcs sotao % whom have foFet*
| raHru5'luus ttfulEh vhum tE,. market @
| large agn.uu: o. ssr4fifiss ans .ra.
| sigru They 1isN Id r1Tsf iseilh!HH armour.
3 VArhaIEg lu payment Tor ~cEsrtt'"
| -a.1 stFuaa ara e. hesa tt'N fe"I
| exchange 90 Fa3a g. payment for r."ari
| Gees >ua3 A,ft iHlrH aEcryier or hraha a..
| ( fofuEfr7 tuu ~es wha are pcrhap, "la
| &s-lrf> .H ss--fl.lrs. hH' ~ ho~~ naln h1F
.h"ss - baHi"E and ''alHE 'A' hAhse 81
| i.-fuIr fnf ihe IT"H' which can ''e nA"'
!n 'hr operation NNrAf ~" hi~i class '''
| specially Interested lh int general pros
srTl'r Of sac country A"a !n En"@hf ul
| tE~ NA,a0 O. "tSurliich. tsaAH7r u 'H.''
is 'aA &" n0ru'i4cN h"ia ~ '""h ar
aalla''rai ihoY are C7Hai ci'va 80 eau '
| 'hr3T "a'''aF.A'Hf loans h'.D ''t4
| fhctr aa~N - credit clniHiN"'s i'.'t
| .fp1'a t7rNruts 'he'n from "'N''' 'l.'
l aa.. a.s .H
| zt+ Industrial eni'fl'flN'N, Fha w inc '"
| creates failures IT, business ana h'H''"
| E"atr'al ara commercial ai'Sf'NF
| BIO s"7af'H e+AhN are H4I's 'N l"''F'f'
| lr AgvvlaE 49, The Na5ur "' N"'A'i'A' y
| fhlF country, Nhtrh ih'F nave '"'h.l
rosl aFf"'" anu 'H'' H''. ''h ~
| a'".a ''I"Fts ~"' va. Fnf'
siou arising ifrh ''9o' ''"" "' '' N''
tcffFN
'f'u iA-fa -aaFa bay az sea "a 'aA"'
HrHr'eT an Opportunity '1t IH'N' 90
| tUfa conc c'HNFEH may N'' "''
E"..ar7 worth OF 'A"3'""E' 81" ".'' 90,
.1t az may he reVfesrn'e" 10y A7' 10 =
ar NOR" at'ff'"t DIS .'t
a's"" !'aaaHs sol ms w" az. ~ ~,
aaH 'ho.r Bus "A'H'l pt N4.fp'"N ~
'Ht ihai pHTT0s'. Nh's7 'h'F "'"" "''
'hr treasury 10 on0 sam a"1 HfHA 'a "'
| -h'amo1i II VII 'h"H %" S''N 'l'l
| grc7' majority % bankers are F'sAH-'''
usr-'s'rJ 3H Aecp.nH 'ht reserve "l'
Efa faU amount and Tor TIM. reason '"'
. | Gate Seen willing ih the past "ha "'
aH7 vl Dg 30 make kalfih.'N 5"H
| aasrr fn prevent sa'pin'h'h O.. E'la "r'
4 | "aa'r.hu'r1 large amounts % money
| gss dealers In tore ~ SNHhahk' 10" Pr
\ | 'N~g Ro4d hsN' MADE ny sHhN Nh'P'''"'
THa "a7 nH57h.f We ease IN vac ~
.au - 80" Fe-0 a.ed sNh''A''. wa.
= | bought '|" BONDS OF lI' h''F' t''-, s. .
D. frT iHo contract 81 F'h' nAtF = ~. ID.
v | aEsin in th0 car y pSt' "' ''.N H"i'''''.
Although "4thHFsNN.H ''i 'At7'' /.
rrfH going on ioT several N''Is' q.
mis- 81 ih N '"o F'afr 'na' ~ Hpt,l N",
zion iNai To" E"N''hW'h' Hn'N"' ". II
.Ho 80 redeem VS. "h.' a''"@ J." 80
asa eaH7r3 W''a3TAN".H ''F shy '''
Il rarpaas. ana az %" I'm" N"H ,"'ls '1
= uF evidence 'HA' N''H'Ia ~ - 80 ~
r-oU she treasury were mace 'e7 lhe fs
, nsar 81 'F"ritne 'He ms ".,N' ~. 90
y That fh0 hanks were able 10 tHrn'~h
~ ec gold required Tor EXPORT up lo I
- | r-sJfao ~ ihr summer 81 nv. @Hn -
: was because large amounts 81 Eoi We
~ a,. MS paid to ih"In. and hN ihcm mo l
rrsauTy. ana out az AN IN me course
business ana u had not hreuh Z"
" fsp'arrd Icy the silver isaues' toe am ~
It which bad not M 10 mat ua" Is',sa
such a volume as TO form an iunPoI -
portion Of the ordinary commercial Ia
~ | factions in the New YORK market
80 During the past t"N months anu
a | present aud Tor the hrSt u'ne III
LOO adm -niutration, various factors are
.~ -nmhinat!on which have procured
~ ~ ror,a,i Of Of gold. The principal o