The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-10-28
GOLD DRAIN AT SAN FRANCISCO
washington Treasury Officials Deny tn,
StOrY'a Worat Eeatprea

San Francisco. Oct 27-The sub-treas-
ury has just pulled through a rather ser
ious run which threatened to annihilate
its gold reserve and leave II without a
dollar with which to redeem the perfect
avalanche Of greenbacks that pourned i'm
over the counter. Timely aid came from
Chicago and other sources. and when the
outpouring Of gold finally stopped the
N2,000,000 of a few months ago. despite
the frequent additions that have been
made during that period. was reduced to
a bare $4,000 900.
For once the sub-treasury had on hand
more greenbscks than it wanted. In two
weeks time &c. 900 worth Of them
were dumped over the counters and the
gold they represented Withdrawn. There
was something like $1,000, 900 Of gold
in the vaults when the run commenced.
Chicago was appealed to for aid and sent
81, 900, 900, and an equally large amount
was secured from the mint, while the
$l,500,oo0 in British sovereigns recently
received from Australia, were coined in
to double eagles at the mint and carted
to the sub-treasury. Only 81. 000. 900 of
the entire amount was left after the fur
~ was over. That has since been in
creased by the deposit OF over 81 200. 900
upon which greenbacks have been with
drawn and there Is every indica ton tina,
the furry Is over.
Much Of the gold withdrawn went be-
yond the mountains. The eub-treasur-
les here and at New York are the only
ones authorized TO redeem greenbacks.
Unusually the demand for greenbacks is
steady at the sub-tressury here. as ex-
change Is almost invariably In favor OF
New York. and Il costs less 20 ship green
backs than gold.
Washington Oct 27.-The statement
telegraphed from San Francisco today
TO the effect that the United States sub
treasury there had just pulled through a
run which threatened 10 aunihilate It's
gold holdings. Is stated by the treasury
officials TO be greatly exaggerated
During the month Of August and a part
OF September. the Withdrawals reported
from the sub-treasury at San Francisco
were abnormally heavy, but az 10 time
were the officials apprehelsiye OF any
serious results Long before the With
drawals assumed any considerable pro
portions instructions had been gwen 70
the Chicago sub-ireasury officials 70 be
ready 70 ship 70 San Francisco such
quantities OF gold as might be required
and later on one or more shipments were
made. For the most part. however, the
essistaa, treasurer at san Francisco
managed the matter with Ettie assist
ance from Washington, and as one o.
nciai stated today: The furry lasted
bu, short time and alarmed 10 one.
There have been no unusual Withdrawals
at san Francisco for nearly month
<ston, Oct. sT.-The executive wer-
RAM en- which Edward z Wilson. a
BOSTON commission merchant. was a.
rested here &c fugitive from justice. al
the request CT Kansas City authorities
has teen revoked by Governor Wolcoit
ard the sIreries ca wilson's 5ai re
cosnfzsnce we're discharged BY Judge
Allen in the superior court today
Houston. Texas. Oct .7--Ths North
Houston and Texas Central passenger
train vas wrecked sixty miles from
here yesterday morning. The engine
Jumped iae track bot TIRE COACHES say
ed on the rails. Engineer c 2 Clark
xas badly hurt: Waiter Matthews. FIRE
nan. vas psaion>i under TIE engine
and killed No passengers we're hurt
IL was necessary 20 cut the fireman u
pieces II order 10 remove tie BODY.