| Show J THE ENDLESS CHAIN WORKING Sunday morning we had a short article ar-ticle on the fact that the day before gold was at a premium in New York In the course of the article we said What will be the first consequence of this premium on gold It will be to cause those who want it to go where it can be obtained most easily That place is the United States treasury treas-ury This will be done by the well knewn process of taking greenbacks and treasury notes and presenting them for payment in gold From the bond sale it is probable that about a hundred and twelve million dollars will be realized The question now is How much of this will the treasury Itself be required to furnish At the close of business yesterday the treasury treas-ury gold reserve was considerably less than fifty millions It will bake but a comparatively short time to eXhaust that if gold continues to remain at a premium The consequence of the very successful popular bond loan promises to be this There will be a net gain of gold to the treasury of perhaps sixty to seventy millions a net increase of the public debt of one hundred millions Tuesday morning there was published pub-lished In the papers this telegram from Washington Gold to the amount of 2381000 was today withdrawn from the subtreasury at New York presumably to be used again in making payments for bonds This leaves the true amount of the gold reserve 42066869 Up to the hour of closing department had no official offi-cial notice deposits on account of bond purchases If the present determination of the administration to make coin mean gold and nothing but gold is adhered to the public may make up its mind that another bond issue will be announced at no flair distant day If kept up long enough the consequence will be national na-tional bankruptcy when no loan will be successful be it popular or syndicate Something will have to be done and done shortly It may be that some day the golden scale that Is over the peoples peo-ples eyes will fall and that then they will have a clear vision and see where the real trouble lies They will have ifc In their power in June and July to demand de-mand of the two great parties that they declare for free silver and solve the financial problem once and for all Let the demand be imperative |
