The San Francisco call., 1898-02-27
Mr.. Hanna in Consultation With New York
 Bankers.
The President Told He Can Have All the Gold He Wants to Put Into the War
 Chest.

rope The actual loss in specie and legal tenders was s7, AIS, 400. but this was par tially offset by an increase of 2.353, 700 in specie. making the net loss for the week $5 065, TOO. The specie apparently went into half a dozen of the larger banks.
 Tt is interesting to note that of the entire cash reserve of the New York banks, at least 5S per cent is held in the form of specie. The loss in. cash was brought about by the heavy ship ments to the interior and payments into the treasury, but the full extent of the former is not shown in the statement. While the larger part of the money now being withdrawn from New York is doubtless in response to increased demands due to better trade conditions, some of it reflects the un- settled state of excitement prevailing as regards the future.
 But the New York banks generally lose a portion of their excess balance at this season of the year. In 1897, between the latter part of February and the end of March, the excess re- serve fell off s11, ,OOO, ,OOO The loss dur ing February, this year. has been twelve and three quarter millions. The reserve, however, is now about one half of what it was twelve months ago, so that the loss affects the market rather more acutely
 Still, the sensitiveness of the situa- tion and our strong position as regards international balances are well shown in the fact that even the light increases in rates last week have started gold imports. A continued firm market will only emphasize this factor. For the moment the demoralization of the stock market, the heavy liquidation and real izations have contracted the loan item. There is nothing, however, indicating that money is going to be excessively dear, even should complications arise A study of the past weeks operations illustrates perfectly the direction in which relief can be looked for. In other words, our money loaned abroad can be made instantly available
 Russell Sage gave out the following authorized interview to-day:
 From all the information received there is little doubt in my mind that our warship was blown up by outside agencies, and if the naval commission so reports the time for action has come. There should be no wavering This Government must demand the fullest reparation, and that without delay. Whatever action for war or otherwise President Mckinley may take he should and will have the full est support from both rich and poor, Republicans and Democrats. There is no question as to where the rich stand In the Civil war, when it broke out, I bought Government bonds, and I did the same thing in 1884. So did other rich men. We had confidence in our Government. If the necessity arises now l will do the same thing again generously, and so will other rich men that I know of. I am an American. first and last, and propose to stand by the flag.
 Party lines will be dropped. As to the stock market, that has got to take care of itself for the present. The ticker is now a secondary considera- tiOn. The honor of the Government comes first. l speak not only of my own views. on this point, but those of other moneyed men with whom have talked. Another thing, the families and dependents of every sailor killed on the Maine must be taken care of.