New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-08
ASK S73,46l,OOO
OF CURRENCY FUND
Banks Slowly Call Tor
Emergency Money Here
to Aid Business.
DEMAND FOR GOLD
SENT BY CANADA
Clearing House Will Give Totals
Only in Report To-day-Aid
for Americans in ParisI

Applications totalling s20,616,050 OF
the additional currency made available
under the Aldrich- Vreeland act were
approved yesterday by the officials OF
the Treasury Department at the SUB
Treasury for distribution among Ne"
York banks. The applications approved
to date amount to $73,46l 900, Of which
s4i,212,O0O has been issued and deiiv-
cred. The amount delivered yesterday
was $780, 900.
William p. Malburn, an Assistant
Secretary of the Treasury. who, with
W. p. G. Harding, member Of the Fed-
eral Reserve Board, went over the ap-
plications yesterday, said that by Mon
day $4,O00.OOO of the emergency noSes
would be shipped here from Washing
ton, bringing the total for New YORK
by that time up TO S50,O0O,00l. After
Monday. Mr.. Malburn said, the Treas-
ury Department would be able to sup
ply S12.000,000 a day until the entire
order of the New York banks has been
filled.
The deposits at the Sub Treasury
Yesterday by individuals desiring to
send. funds to friends or relatives
abroad were S72,263, by 112 deposi.ors.
The total amount now received IN New
York for this purpose amounts to $lfO'-
113. ,
Gold to the amount Of Sl,000,0Oo was
shipped TO Canada yesterday by the
Bank of Montreal. In connection win
the heavy shipments of the yellow
metal across the Canadian border since
the outbreak of hostilities abroad 1t was
said that the New York agencies OF
the big banks of Canada had supplied
themselves with between S5,OOO,OOJ ana
Sc 900 900 of gold certificates to fulnl
the orders for gold from headquarters
According to the reported movements
of currency this week the New YORK
banks suffered loss in cash OF ABOUT
SOS. 900 900. OF this loss S9,66o,0OO was
the result of transactions with interior
banks. Gold exports amounted 10 >-V,
500 600. consisting of $9,423,OO0 gold
TO London and 100000 to Canada.
Against the gold exports abroad, now
ever. will eventually be placed the siO,-
600 900 to be returned to the exporting
banks from the Kronprinzessln Ceclle'
Only the totals in the average cohul-
ton of the members of the New YORK
Clearing House Association will be
shown in the weekly bank statement
issued at noon to-day.
Alexander J. Hemphill, president OF
the Guaranty Trust Company, when
had S5.O0O,O00 on the Kronprinzessn
Cecile, said that the bills of !ading
for the banks consignment were. re;
ceived Yesterday, and that substantial
progress was being made on a plan Tor
Shipping the gold back to New YORK.
j. p. Morgan & Co. yesterday received
the following cable message from their
Paris house Morgan, Harjes g. Con-
connection with the gold deposited by
the Bank of France Thursday:
ave have to-day published notice IN
the press that until further announce
: ment Morgan, Harjes e. Co. are pre-
pared to satisfy the reasonable imam
cial requirements of OIL Americans IN
France identified and offering proper
credentials, such as letters OF credit,
travellers checks or other satisfactory
bankable credit"
Railroads entering New YORK nave
generally agreed to assist homecoming
Americans after they are landed at tnis
/ port.