Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1905-10-20
GOLD IN PLENTY.
Uncle Sam Has More Yellow Metal
rL.. Euar laEara

Uncle sam 7ae moTe reuo" "SsS'
Than Ever Before.
There has never been 80 much gold
coin in the treasury Of the United
States as now, and no other nation
on earth possesses an equal amount
or any where near the same amount,
says a Washington correspondent.
When Treasurer Treat looked over
his balance sheet today he found that
there was in his charge $740,54S,S66
of glittering gold coin, subject to the
requirements Of the government and
of business. No other treasurer OF
the United States has held 80 much
at one time.
There has been an increase In the
amount on hand since August 1st OF
close to $20,000,000. due to the
changing demands Of trade. In place
of the accumulated gold there has
been an outgo Of silver dollars, with
the result that there are now just
S2,985,836 silver dollars in the gen.
eral account, which does not, OF
course, include the redemption funds
On August End the total amount OF
gold in the general fund Of the treas
ury was $4s,4s0.sSs. while the total
in silver dollars was s19.s30,520. To-
day the total gold stands at $6s,-
16s,405. while the silver stands al
s2.s85,ss6. showing that the silver
dollar after all has some popularity
IN trade channels. Most of these dol
lars have gone south in exchange for
gold coin. Down south the negro
farm hands and cotton pickers want
to hear the jingle OF the silver dollar
on pay days and do not desire the
paper dollar, as in other parts Of the
country.
In the reserve fund of the treasury
is $150.000.0 900 Of gold, which Is never
touched. while in the redemption fund
is s521.384.669 of the yellow metal
either in coin or bullion, the latter
standing for the same amount OF
gold certificates outstanding. The
three separate funds total $740,5S4.-
385. a huge pile Of the precious metal
Treasury authorities say that there
has never been less tendency to hoard
gold than now. The business and
general prosperity of the country, the
stability of the banking institutions
induces the deposit Of money. The
90 n
ton and use 1t as reserve, putting
out paper money instead. Nobody
cares much about gold. so long a!
they know that the paper and silver
are redeemable and that banks art
not falling and things looking bac
generally. The treasury realizes tha
with a tendency to hard times ant
the failure Of few banks here ant
there depositors would begin slowl.
relieving banks Of their deposits. Of
at least a percentage Of them woult
do so, and gold would begin to ge
scarce. One banker. talking to Secre
tary Shaw today. said that the splen
! did condition of affairs and the com
parative abundance of money ough
to be a blessing to all. Just think,
he said, that If there should be
few bank failures here and ther'
and people should get an idea o
hard times how quickly money woult
disappear from circulation. esti
mate that the least fright would re
suit in an average Of 81 for eacl
man, woman and child IN the coun
try being withdrawn and stuck ava!
in stockings and other places. Thi
would aggregate a loss Of $1SO,00o.
600 almost in a day. But we don
have to think Of those things now.