Year: 1876

NEW YoRK, Feb q, 1876.
To THE EDITOR THE HERALD:-


On the 18th inst the following resolution intro
duced in Congress by Mr.. Sayler, Of Ohio, and
adopted


Resolved That the Secretary of the Treasury is here
by requested report this body WITHIN days the
actual amount of gold owned by the government and
available for the resumption of specie payments after
deducing the amount OF gold certificates, accrued in
terest government bonds and bonds called for the
'sinking lund" TO this date.


AS | am holder OF government bonds considered
the resolution as proper and await its answer with
much interest was very much surprised 10 in
your issue Of the 10th inst, under tho Washington
news the following statement made by your corre-
spondent:-


This resolution Of Mr. saylcr asking for a statement
within ten days Of the actual amount OF gold in the
Treasury vaults declared to be unwise and uncalled
for nasmuch the Information cannot be Of any gen.
eral good the deliberations OF Congress- and may bo
of great service Il IS alleged 10 clique OF Wall street
gold gamblers inimicaly disposed, who are trying
the Treasury Department has information, to run up
the price OF gold But the Treasury officials say that,
while they deem 1t unwise to give such infor-
nation 10 the country at this time, they have dis
crction according 10 the resolution, but will furnish it
Mr. sayler, Of Ohio, who introduced the resolution
calling for statement within ten DAYS Of the actual
net amount Of gold in the Treasury Department, is
tion. He says that he offered tho resolution aftor
speaking to Mr.. Payne, Of Ohio, about it, and thought
that In view OF the talk about specie resumption, II
would be good thing TO know just exactly how much
gold there IS in the Treasury Department supply
means wherewith to resume He says he does not be-
eve that after ali that has been given credit for thero
will be g. 600 900 IN gold In the Treasury vaults in
fact he goes far as TO say that he does not believe
there Is any gold all the Treasury He says he is
a resumptonist, but wants to know what We going
10 resume on. lie had become tired OF hearing Ohio
abused In this connection, and thought he should like
for the sake Of the whole country to inior
nation OF the actual amount OF gold in the Treasury
Department for resumption. He denies that his action
is in any interest 10 subserve the purpose OF any
clique or pool


/ have seen for years past the published monthly
reports Of different Secretaries Of the Treasury
which has always been stated in detail the amount
Of in the Treasury the accrued interest and the
amount OF certificates outstanding. cannot, there
fore why this resolution OF Mr. Sayers unwise
and uncalled for and why the Information cannot DO
OF any good in the deliberations OF Congress-"


Does your correspondent wish 10 have IL believed
that the published monthly statements have been lsc2
and f not why should the calling for facts mpor
10 oil classes OF community cause any pertur
bation in the Treasury Department.


The reply 10 Mr.. Sayler's resolution viii soon bo
made but meanwhile l ask you, a Independents
journslist, TO throw all the light you can upon this
BoNDHoLDER.