The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-11-06

I ot sl.7Di47. A. the same time tire receipts
o. standard dollars we're * %. "a in 1888
AID ss75sl.o+s in 1883. decrease Of SIS. 40
50 These exchanges indicate a growing
circulation OF these coins
Previous 10 this year the maximum q
silver dollars III circuia ton a; TIE close OF
any month was reached in December. ls%o
! as the result % urgent efforts &c promote
their use. when the record was ss-,5t7.o8
From the end Of last to July, lSs3. the
receipts OF gold In New York from Gus
toms ~as less than / per cent: then for
seven months they ranged from 5S.1 10 y
per cent.
After January. 1894. the proportion Of
gold was nominal. but in December, 1891
! IL vas 81 per cent, and from that time
rose rapidly 70 = per cent. in September,
iss. and 20 9l5 per cent. in September.
ISs9. The percentage Of gold fer the whole
fiscal year OF ls9s was 2o4; for lss9. 7s.5,
aud for the first quarter Of 1850, si.2
Increase in Jse of Gold.
The increase In the receipts Of gold
from customs was not exceptional, for
Ike growth has taken place III all gov
ernment transactions. In ths fiscal year,
ls9s gold coin was taken for los per cent.
Of the receipts, amounting to s2.0s6. 81. 5S.,
and given for I.s3 per cent. 81 the dis
burseInents. amounting 70 Se.Is54T3. 0l3 In
Is3s the receipts Of s., 3s3 l47 showed SO
per cent. and the disbursements OF 2,37l,-
~. 50 shows 1851 per cent. in gold coin.
For the quarter ending September ~,
gold formed 3s.5 per cent Of the receipts
ana 3d. per cent of the disbursements.
For twenty-one years there has been
natural and healthy increase of gold in
circulation.
While disbursements of gold have been
50 heavy the holdings OF the treasury in
coin and bullion have surpassed all pre-
nat In
In net excess over outstanding certia-
Gates The former gross maximum is
found In September. lass at $S32. SOL BIS
and the net maximum before 1888 was
s2ls.sls,Z53 In March of the same year. On
June 20. ls5s, the gross gold in the treas
ury was $50. SIS, 043 and the net sl67 0O4-
40.
These figures rose to 1854, COZ, $50 gross
and SOD. 22s,s2l net September 80 1888.
These statistics make plain a tendency 10
an increase in the use or coin OF all kinds
ON October !, 1899. the estiYna ed amount
OF gold In circulation was SO Is per cent
OF all the currency. and the gold in the
treasury was 70 Il per cent of the United
states and treasury notes outstanding"
Increase the Reserve.
These resources. the treasurer sug-
gests, would make Il easy 10 establish a
permanent and adequate gold reserve He
points oot that while the reserve Of Sl00.-
Vc,e1 has several times been intrenched
upon under pressure Of necessity the
trust funds Sc, apar; for "a SPECIFIC OBJ
Ject, as the gold pledged for gold certih-
Gates and the standard dollars for silver
ceFuhcStes. have always been kept intact
A fund Of $3.50. 900 600 devoted by law ia tho
purpose. with a provision that the notes.
once redeemed in gold should not be paid
out again. except fer gold. would be self
sustaining and would prove a perpetual
guarantee OF safety
MI Roberts points out that the existing
national banks Of the United States have
the right under their charter 10 add s2;5-
OBJ, l3 10 their circulation or this go
$50 would go 10 the city OF New York aud
$l3,s2a. 700 10 Chicago. from both Of which
places there have been persistent appiica-
lions 10 the treasury for paper In face
~ the assertion that the far Western states
are suffering for want " currency. their
own banks could issue additional notes 10
the amount OF SIS. 3D. i5 The treasurer
offers M criticism upon tn" banks but
puts l. 10 them whether their sphere ends
with per cent or Involves also an obligation
OF service to the community. He says:
Gold Certificates Resumed
ON August !! 1890. was resumed the Is
sue OF gold certificates after an almost
uninterrupted suspension from April a. 1894
during which the amount I'm circulation was
Der this amount hai been increased to slg7,-
$3.50 Within this period the treasury
paid out si5fo $40 az the Certificates. 81
which 80 was for gold coin aud s72.-
sSs,s2o were IN current disbursements while
30 .U22 20 were returned 10 the treasury In
the receipts
The rapidity OF the outgo IL notable. as
well as the proportion OK the denomina-
lions under 81 coo
las a relief to the money market n.
payment Of the interest. due on November
!. amounting to i365 pa. was anticipated
The coupons We're received on and after
tho 18Th and the checks for registered In
terest were mailed on the 23d and 18th"
Bond. and bank Notes.
There were unusually heavy movements
cf bonds deposited by national banks and
an additional trust arose out Of the sale
Of the Central Pacific railroad. the pur-
chasers % which deposited prorlis,ory
notes for s5sSi2Tl5 and 81 as az In bonds
as collateral -Four ~ The notes. represent
ing ouehfth ~ the total. have been paid
Although there was an Increase u fi9-
p.on in ne volume II national bank rotes
outstanding, the r.4Semptions al the treas
ury were less by s7e1oo taan the wear
preceding Deposits amounting to 500 sse-
SIS were made for the retirement OF notes
and The balance OF this fund IN he treas
uvy was increased from So iasii7 TO SIS
81 81
The cost - maintenance Of the rede.rp-
ton system. including tia charges paid
fof transpcr' alton. was yl2I PIT. which sum
hs% been assessed upon me tanks AZ the
rate % St.Sie Il sor each g. 6..' redeemed.
toNaRE>SM.> ROBERTS SEAT.
Miss H"len Gould Asks War Veter-